China's Prebaked Anode Market Sees Cost Stability Amid Diverging Raw Material Trends

Southeast Asia's aluminum scrap market rebounded this week, with key grades in Malaysia and Thailand rising, while ADC12 prices softened amid weak downstream demand. Despite lower LME aluminum prices, tight scrap supply kept offers firm. Sentiment improved slightly, but buying remained need-based. Attention also shifted to US Section 232 developments and their potential impact on trade flows and regional supply.

[SMM Aluminum Express] On July 18, the Chenfeng Carbon Green and Energy-Saving Integrated Project of Qiya Xinjiang Group achieved another critical construction breakthrough as its core baking workshop successfully completed equipment installation and officially entered the full-line interlocking commissioning phase. This milestone, following the trial production at the assembly workshop on June 15, means that the project’s entire production process has been fully integrated, bringing it one step closer to formal commissioning. The project is a core supporting initiative for Qiya Xinjiang Group to complete the “coal – electricity – aluminum – carbon” integrated industry chain. Located in the Zhundong Economic and Technological Development Zone in Changji, Xinjiang, it is planned to produce 200kt of prebaked anodes annually, aiming to supply high-quality prebaked anodes for the group’s internal aluminum production, thereby ensuring self-sufficiency and reducing dependence on external procurement and logistics costs.

[SMM Aluminum Flash] On July 23, SHFE aluminum futures warrants registered at 362,106 mt, down 3,490 mt from the previous trading day; over the past week, SHFE aluminum futures warrants have cumulatively fallen by 19,127 mt, a decrease of 5.02%; over the past month, SHFE aluminum futures warrants have cumulatively fallen by 115,128 mt, a decrease of 24.12%.