Chinese prebaked anode export prices possibly to move down
2015-09-01 09:09:41 [Print]
BEIJING (Asian Metal) 1 Sep 15 - In August, Chinese prebaked anode export prices stabilized at around USD490-530/t FOB China. However, due to RMB depreciation and soft demand from overseas market, Chinese exporters believe that the price may go down by USD5-10/t in September or Q4.
A Chinese prebaked anode producer reported that they exported around 2,000t of the material in August at USD500-530/t FOB China, the same with that in July. “We mainly sell to Canada and Europe countries,” said the source, adding that they plan to export around 50,000t of the material in 2015.
According to the source, they will sign new contracts in September for deals in Q4 and predicted that the price may drop by USD10/t at least because of the RMB depreciation from mid-August.
Because of bad payment collection in Chinese domestic market, the producer prefers to make deals in the export market. The plant is running fully at the capacity of 110,000tpy and holds no stock for sales.
Another Chinese prebaked anode producer agreed on the export price dip outlook. “We exported around 2,000t of prebaked anode in August at around USD490/t FOB China to Russia, and I think the price may decline by USD5/t in September,” said the source, explaining that demand for overseas market becomes soft.
The producer reported that buyers from Russia decreased purchase volumes in September. The exporter may only sell 1,000t of prebaked anode in September in the export market . “Because of the sluggish aluminum on LME, aluminum ingot smelters in the world cut production,” said the source.
Based on the annual capacity of 120,000t, the plant suspended production for environment protection policy 7 days ago. They produced around 7,000-8,000t of prebaked anode in August and hold around 8,000t in stock.
A Chinese prebaked anode producer reported that they exported around 2,000t of the material in August at USD500-530/t FOB China, the same with that in July. “We mainly sell to Canada and Europe countries,” said the source, adding that they plan to export around 50,000t of the material in 2015.
According to the source, they will sign new contracts in September for deals in Q4 and predicted that the price may drop by USD10/t at least because of the RMB depreciation from mid-August.
Because of bad payment collection in Chinese domestic market, the producer prefers to make deals in the export market. The plant is running fully at the capacity of 110,000tpy and holds no stock for sales.
Another Chinese prebaked anode producer agreed on the export price dip outlook. “We exported around 2,000t of prebaked anode in August at around USD490/t FOB China to Russia, and I think the price may decline by USD5/t in September,” said the source, explaining that demand for overseas market becomes soft.
The producer reported that buyers from Russia decreased purchase volumes in September. The exporter may only sell 1,000t of prebaked anode in September in the export market . “Because of the sluggish aluminum on LME, aluminum ingot smelters in the world cut production,” said the source.
Based on the annual capacity of 120,000t, the plant suspended production for environment protection policy 7 days ago. They produced around 7,000-8,000t of prebaked anode in August and hold around 8,000t in stock.