SMM, November 25: According to customs data, in October 2024, China's export volume of prebaked anodes was 169,600 mt, up 31.72% YoY and down 8.02% MoM. The estimated export unit price of prebaked anodes in October was approximately $634.55/mt, down 14.54% YoY and down 1.91% MoM. The cumulative export volume of prebaked anodes in China for 2024 was 1.7493 million mt, up 20.45% YoY.
From the perspective of domestic export regions, in October 2024, the main domestic export regions for prebaked anodes were Shandong, Hunan, and Jiangsu. Among them, Shandong's export volume was 131,300 mt, accounting for 77% of the total, ranking first; followed by Hunan with an export volume of 16,000 mt, accounting for 10% of the total; and Jiangsu with an export volume of 12,400 mt, accounting for 7% of the total.
From the perspective of export destinations, in October 2024, China exported prebaked anodes to 15 countries, with the main export destinations being Malaysia, Indonesia, and Norway, accounting for 56% of the total export volume. Among them, the export volume to Malaysia was approximately 41,800 mt, accounting for 25% of the total, down 356 mt MoM; the export volume to Indonesia was 32,200 mt, accounting for 19% of the total, up 12,200 mt MoM; and the export volume to Norway was approximately 20,300 mt, accounting for 12% of the total, up 36 mt MoM.
Overall, in October 2024, although China's export volume of prebaked anodes slightly declined, it remained at a relatively high level. Notably, exports to Canada significantly decreased by 17,900 mt, while exports to Indonesia significantly increased by 12,200 mt. Due to the weak domestic raw material market, the export price of prebaked anodes continued to decline in October. However, the domestic raw material market performed well in November, with export prices stabilizing and rising. According to SMM estimates, the total export volume of prebaked anodes in 2024 is expected to exceed 2 million mt, approaching 2.05 million mt, far surpassing the export level of 2023.
