The sustained drop in prebaked anode prices has significantly squeezed the industry's overall profitability. SMM research this week reveals that many producers operate at losses. Some, due to their location, face higher raw material costs, increasing their financial pressure. With northern heating season production limits and southwest aluminium smelter production cuts, future market demand and supply are expected to weaken. Absent significant positive news in the petroleum coke market, the downward trend in prebaked anode prices is likely to continue into the next month. We will continue to monitor the production situation of prebaked anodes and downstream aluminium smelters.
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