Cost Support Combined with Improving Demand, Raw Material Coke Prices Expected to Remain Strong [SMM Lithium Battery Anode Raw Material Weekly Review]

Published: Jul 23, 2026 17:39
[SMM Lithium Battery Anode Raw Material Market Weekly Review: Cost Support Combined with Improving Demand, Raw Coke Prices Maintain Strong Expectations] July 23 news: This week, China's anode material raw coke prices continued their upward trend.

SMM July 23 News:

This week, the price of raw material coke for anode materials in China continued its upward trend. The upstream cost side kept rising, providing strong support for coke prices. From the supply-demand perspective, the overall supply side remained stable, while downstream enterprises showed active purchase willingness, coke plant shipments were favorable, and the market trading atmosphere was warm. Looking ahead, as downstream order expectations continue to climb, cost-side support has further strengthened, and it is expected that raw material coke prices will remain more likely to rise than fall in the short term.


SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lu Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Chen Bolin 021-51666836

Xu Yang 021-51666760

Xu Mengqi 021-20707868

Hu Xuejie 021-20707858

Yang Le 021-51595898

Wang Zhaoyu 021-51666827

Li Yisha 021-51666730

Huang Chencong 021-51595860

Lin Ziya 021-5166-6902

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Jul 25, 2026 08:13
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Read More
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Cobalt Product Quotes in the Doldrums, Refined Cobalt Dropped Over 20,000 Yuan in a Single Week, Cobalt Sulphate Extends Losing Streak to Five Days [Weekly Observation]
Jul 25, 2026 08:13
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Jul 24, 2026 19:38
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Read More
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]
Jul 24, 2026 19:38
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
Jul 24, 2026 18:17
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
Read More
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
SMM Daily Review: Spot lithium carbonate price drifts lower on July 24
[SMM Daily Review: Spot Lithium Carbonate Prices Drifted Lower on July 24] SMM battery-grade lithium carbonate spot prices drifted lower compared with the previous working day. In the futures market, the lithium carbonate 2609 contract opened lower at 144,200 yuan/mt today, drifted lower after opening, moved sideways below the average price line (143,800 yuan/mt) in the morning, and hit a low of 141,300 yuan/mt; around midday, bulls and bears repeatedly struggled in the 141,000–144,000 yuan/mt range, with trading volume increasing in stages; in the afternoon, bulls briefly exerted strength, pushing the price to surge to 145,800 yuan/mt, before it encountered bearish selling pressure and drifted lower. The contract then consolidated at lows around 144,300 yuan/mt in the late session, finally closing down 0.88% at 144,300 yuan/mt. Open interest decreased by 13,209 lots. In the spot market, downstream purchase willingness moderated, with purchasing mainly as needed; upstream lithium chemical plants continued to hold prices firm and hold back from selling for spot orders, trading more with downstream through long-term contracts. Overall, market inquiries and actual transactions relatively slowed down.
Jul 24, 2026 18:17
Register to Continue Reading
Gain access to the latest insights in metals and new energy
Already have an account?Sign in here
Cost Support Combined with Improving Demand, Raw Material Coke Prices Expected to Remain Strong [SMM Lithium Battery Anode Raw Material Weekly Review] - Shanghai Metals Market (SMM)