Differentiated Pattern Strengthens Cost Support for Prebaked Anode as Petroleum Coke Market Stabilizes

Published: May 16, 2025 17:57

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[Under the Differentiated Pattern of Petroleum Coke, Marginal Strengthening of Cost Support for Prebaked Anode] The raw material market for prebaked anode showed positive signals during the week: prices of mid and high-sulphur petroleum coke stopped falling and rebounded, while coal tar pitch prices stopped falling and stabilized, providing cost support for prebaked anode. According to SMM data, as of May 15, the cost of prebaked anode in China was approximately 5,022 yuan/mt, up 0.58% WoW, with a slight increase in support from the raw material side. Overall, many petroleum coke refineries were undergoing shutdowns and maintenance, providing a floor for prices. Coupled with the increased enthusiasm of downstream enterprises to enter the market, SMM expects that in the short term, petroleum coke prices will mainly stabilize with a slight upward trend. With the recovery of the petroleum coke market, the cost support for the prebaked anode market has strengthened somewhat. In the future, it is necessary to continuously monitor the supply and demand changes and price trends in the prebaked anode and its raw material markets.

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