In August 2025, prebaked anode export orders increased significantly, overseas demand remained strong, and growth momentum for 2026 was clear [SMM Analysis]

SMM September 30:

According to customs data, China's prebaked anode exports in August 2025 totaled 208,500 mt, down 17.81% YoY but up 31.07% MoM. A rough calculation shows the average export price of prebaked anode in August 2025 was approximately $765.9/mt, up 15.98% YoY but down 7.26% MoM. China's cumulative prebaked anode export volume for 2025 reached 1.4382 million mt, up 3.07% YoY.

From the perspective of domestic export regions, prebaked anode exports in 2025 were concentrated in Shandong, Hunan, and Jiangsu. Shandong's cumulative exports totaled 1.0989 million mt, accounting for 77% of the total and ranking first; followed by Jiangsu with cumulative exports of 119,500 mt, accounting for 8%; and Hunan with cumulative exports of 111,700 mt, also accounting for 8%.

In terms of export destinations, the main countries for China's prebaked anode exports in 2025 were Malaysia, Canada, and Norway, together accounting for about 48% of total exports. Exports to Malaysia totaled 313,200 mt, representing 22% of the total, down 17.73% YoY; exports to Canada were approximately 198,700 mt, accounting for 14% of total exports, up 12.37% YoY; and exports to Norway were approximately 174,400 mt, accounting for 12% of total exports, up 6.16% YoY.

Based on the August 2025 prebaked anode export data, export volume showed growth compared to the previous month. Specifically, orders to Malaysia, Spain, Saudi Arabia, and Russia saw significant increases, each rising by more than 8,600 mt, with a total increase exceeding 55,000 mt. However, orders to the UAE and Iceland experienced substantial declines, each decreasing by more than 10,000 mt. Price-wise, prebaked anode export prices dipped slightly in August, but supported by raw material costs, prices increased in September, with export order price rises concentrated in the range of $10-25/mt. Currently, prebaked anode export orders are performing well overall. According to SMM, total export volume is expected to grow in 2026, with market demand in South and Southeast Asia becoming the primary source of growth, indicating clear regional market potential.