China¡¯s February prebake anode operating rates down 0.99 percentage point MoM; decline to extend in March

Shanghai Metals Market anticipates that operating rates across prebaked anode producers may continue to decline in March as sluggish prices in the market will prevent some plants from recovering after the winter heating season.

As of the middle of March, downstream consumption remained poor while primary aluminium plants continued to cut capacity in February. Cash flow issues and aluminium smelters’ demand for high-quality products are some of the other factors that can affect prebaked anode producers operations in March, found SMM.

The research data of SMM showed that operating rates across China’s prebaked anode producers had averaged at 57.97 per cent in February, down 0.99 percentage point from January.

A falling market and production cuts were some of the reasons behind lowered operating rates across prebaked anode producers in February. The decline rate, however, was slower in compare with January as environmental impact eased, learned SMM.

The Chinese New Year holiday had been another factor for lowered operating rates as most prebaked anode producer maintained regular operation during CNY.

Operating rates across medium-sized plants stood at 61.17 per cent in February, down 1.17 percentage point month-on-month. Rates at small producers averaged 32.36 per cent, down 5.39 percentage points while large producers operated at a rate of 59.6% last month, flat from January.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.gjtscc.com). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.gjtscc.com)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.