Domestic prebaked anode prices have risen for the second consecutive month, reaching a near three-year high. A reporter from Cailian Press recently learned from the industry chain that a large electrolytic aluminum plant in Shandong raised its October 2026 prebaked anode procurement benchmark price by 400 yuan per tonne compared with September, implementing a cash price of 6,130 yuan per tonne. This marks the second consecutive monthly increase since the 100 yuan per tonne rise in August. Currently, prebaked anode market prices in the Shandong region have climbed to between 6,130 yuan and 6,430 yuan per tonne, up about 25 percent year on year, the highest since February 2023. The direct driver of this round of price increases is raw material costs. Coal tar pitch remains at elevated prices due to tight supply of high-temperature coal tar, while petroleum coke prices have also rebounded in some areas. Data from Longzhong Information shows that petroleum coke prices have risen from about 2,500 yuan per tonne at the start of the year to above 3,100 yuan per tonne by the end of September. Global downstream consumption continues to expand, and domestic demand in new energy sectors such as power batteries and energy storage remains strong, directly boosting domestic aluminum consumption and providing rigid support for prebaked anodes. As the world's leading commercial prebaked anode producer, Sunstone Development has 4.06 million tonnes of prebaked anode production capacity in operation in 2026, with an additional planned capacity of about 1.12 million tonnes under preparation. The company said that with cost control measures such as centralized petroleum coke procurement and intelligent blending, as well as scale advantages, its profit margin is expected to be further optimized.
Sunstone Development Co LtdPrebaked anode prices hit a three-year high on rising raw material costs, and Sunstone as the leading producer expects its profit margin to be further optimized via cost control and scale.
