SMM

[SMM Prebaked Anode Weekly Review: Slight Divergence in Raw Material Market Trends, Prebaked Anode Cost Support Remains Firm] During the week, although raw material market trends showed slight divergence, the cost side support for prebaked anodes remained exceptionally firm. According to SMM data, as of February 20, the cost of prebaked anodes in China reached 6,114 yuan/mt, up 0.25% compared to the Thursday before the holiday. Recently, the significant increase in raw material costs has brought considerable production pressure to enterprises. However, supported by strong downstream demand, enterprises have maintained a high level of operating rates.