Raw material support loosened during the week, supply remained stable, and demand increased gradually [SMM Prebaked Anode Weekly Review]

Published: Apr 17, 2025 16:26

Save

SMM April 17 News: Raw material side, in the petroleum coke market, refinery shipments showed mediocre performance during the week, with downstream companies exhibiting low buying sentiment, leading to a divergence in refinery petroleum coke prices. Specifically, CNOOC's petroleum coke prices showed mixed performance this week, with adjustments ranging from 30-100 yuan/mt. PetroChina's northeast China refineries' petroleum coke prices rose by 50 yuan/mt last Saturday and remained stable this week, with the current price range at 4,150-4,650 yuan/mt; Sinopec's petroleum coke prices continued to rise slightly during the week, with increases ranging from 20-100 yuan/mt. Local refineries' shipments were average, with petroleum coke prices stable to slightly weaker. According to SMM data, the average price of local refineries' petroleum coke was about 2,542 yuan/mt, down 0.77% WoW. In the coal tar pitch market, prices slightly decreased this week, with the average price at 4,487 yuan/mt as of Thursday, down 1.82% WoW. Overall, the cost side of prebaked anode showed slight loosening. Supply side, prebaked anode companies produced based on orders throughout the year, with the industry's operating rate remaining stable this week, maintaining overall market supply at a relatively stable level. Demand side, domestic aluminum production capacity increased, although the increase was limited, it still had a positive impact on the demand for prebaked anode. Brief review: During the week, the raw material market for petroleum coke and coal tar pitch weakened, with the support for prebaked anode raw materials loosening. According to SMM data, as of April 17, the cost of prebaked anode in China was about 5,300 yuan/mt, down about 1% compared to last Thursday. The raw material market showed weak performance, with no significant fluctuations in the industry's supply side under the stable production strategy of companies, while downstream demand showed a steady upward trend due to factors such as increased aluminum production capacity, and the market is in a dynamic adjustment stage of raw material cost changes, stable supply, and slow demand growth. Click to view SMM aluminum industry chain database.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]

14 hours ago

Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone

Xinjiang Boyuan Aluminum Co., Ltd. is making every effort to advance the construction of its new-type aluminum semis project with an annual capacity of 150,000 mt. Located in the Huoshaoshan Aluminum Downstream Industrial Park of Xinjiang Zhundong Economic and Technological Development Zone, the project involves a total investment of 180 million yuan and covers an area of 64 mu. It is planned to build two standardized production workshops with a total floor area of 23,000 m². In terms of production line configuration, the project will be equipped with two aluminum rod production lines, eight cast-rolling aluminum coil and strip production lines, and one cold-rolling aluminum coil and strip production line. Once fully completed and put into operation, the project is expected to achieve an annual production capacity of 60,000 mt of aluminum wire and 90,000 mt of aluminum coil.

14 hours ago

15 hours ago

[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note

[ADC12 Price Daily Commentary: Aluminum Futures Consolidate at Highs, ADC12 Spot Consolidates on a Strong Note] The aluminum alloy 2611 contract opened at 23,430 yuan/mt today, dipped to an intraday low of 23,320 yuan/mt where it found support before gradually rebounding, fluctuated within a range of 23,320-23,560 yuan/mt throughout the day, and closed at 23,435 yuan/mt, up 0.11%.

15 hours ago