Price Quotes Prebaked Anode Price on October 11, 2024 Weak and Stable
Today, the tax-inclusive cash quotation of China's prebaked anode (C≥96%) market is stable, currently at 3640~4090 yuan/ton, with an average price of 3865 yuan/ton, which is unchanged from yesterday.
Comprehensive:
Today, the domestic prebaked anode market price is weak and stable, with no change compared to yesterday. The market trading atmosphere is good, the price of raw material petroleum coke is stable and slightly adjusted, the downstream procurement enthusiasm is good, the coal tar market trend is flat, new orders are mainly wait-and-see, and cost support is still general. Some anode companies are under pressure on profits, and are cautious about raw material procurement, mainly replenishing stocks on demand. On the demand side, there is new production capacity in Xinjiang for electrolytic aluminum, and the demand is boosted by the peak season.
Raw material market:
The price of low-sulfur coke in Northeast China under PetroChina has been slightly increased, and the high-sulfur general petroleum coke of local refineries is still under pressure. The price of coke has partially declined, and the price of some low-priced petroleum coke has been slightly increased. The overall tar price has still risen during the week, but the increase has shrunk, with sporadic narrow corrections. However, the overall operation of tar deep processing has been low recently, and the supply of coal tar in the market has shrunk relatively. In addition, with the support of high-priced raw materials, coal tar has generally been pushed up.
Downstream market:
At present, the operating capacity of the domestic electrolytic aluminum industry remains at 43.426 million tons, the inventory of aluminum plant carbon blocks remains at a reasonable level, and the pace of receiving goods is stable. It is expected that new production capacity will be put into production in the third and fourth quarters, mainly distributed in Inner Mongolia, Xinjiang and Guizhou. Among them, the release of new production capacity in Yunnan has been suspended, and the incremental demand for anodes in the area has slowed down. The output of most overseas electrolytic aluminum plants has shown a steady growth trend. Overall, the demand for prebaked anodes at home and abroad is good.
Market Forecast:
Currently, the price of petroleum coke is weak and stable. As the peak season for maintenance is coming to an end, refineries are gradually resuming production. The supply of petroleum coke is sufficient, and the demand side is cautious in purchasing. The price of coke fluctuates slightly. The transaction center of coal tar has moved downward, and the cost side is weak, but the operating load of anode enterprises is stable, the downstream demand is good, and the supply and demand side performs well. Overall, it is expected that the market price of prebaked anode will be weak and stable.
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