Pre-baked anode prices in China rise; feedstock cost pressure for aluminium producers – 03 November 2025
In China, prebaked anode tender benchmark prices jumped ~222 yuan/ton month-on-month, adding cost pressure for smelters. metal.com
Summary:
The Most-Traded Aluminum Contract Approaches the 21,000 yuan/mt Mark, Maintaining an Upward Trend in the Short Term] Last Friday, the SMM A00 aluminum price rose by 80 yuan/mt compared to the previous day, reaching 21,280 yuan/mt, continuing its rebound trend. The SMM ADC12 price remained stable at 21,300 yuan/mt. The current tight supply of aluminum scrap remains unchanged, coupled with copper prices repeatedly hitting new highs, driving up raw material costs. Enterprises are forced to purchase at high prices to ensure order fulfillment. Due to factors such as insufficient raw material circulation, high raw material costs eroding profits, and uncertain policies in regions like Jiangxi and Anhui, industry supply has contracted. Overall demand remains resilient, with some secondary aluminum plants recently reporting an increase in orders.
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