SMM, November 25: In October 2024, China's artificial graphite imports amounted to 724 mt, down 15% MoM and down 47% YoY. The average import price in October 2024 was 90,478 yuan/mt, up 16% MoM and up 27% YoY.
In October 2024, China's artificial graphite exports amounted to 42,984 mt, down 10% MoM and down 1% YoY. The average export price in October 2024 was 9,792 yuan/mt, up 5% MoM and down 35% YoY.
Source: SMM, China Customs
In October, although the domestic market remained highly active, the high prices of overseas graphite products made them less cost-effective. Consequently, domestic enterprises' purchasing willingness remained low. Overseas customers, having stockpiled earlier, reduced their purchase volumes to control inventory, leading to a decline in artificial graphite exports. In November, with the overseas market exceeding expectations in Q4 and changes in the overseas political situation, overseas customers may engage in stockpiling. The export volume of artificial graphite is expected to see a slight increase in November.
