Graphitisation Tolling Services Prices Steady amid Stalemate, Downstream Push for Lower Prices Eases [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jul 23, 2026 17:40

Save

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Graphitisation Tolling Services Prices Steady in Stalemate, Downstream Push for Lower Prices Easing] July 23: This week, China's graphitisation tolling services prices overall maintained a stable trend.

SMM, July 23 –

This week, China’s graphitisation toll processing prices overall held steady. Supply and demand side, downstream demand support was moderate, and outsourced toll processing orders remained ample; supply side, operating enterprises had limited capacity, and market expectations for an uptrend persisted. However, affected by earlier cost declines, despite a rebound trend this period, actual prices did not exceed previous highs, and momentum for price adjustments was insufficient. Looking ahead, as downstream anode material demand gradually expands, clients, to ensure stable operation of their own capacity, will ease their tendency to push for lower prices in toll processing, and processing enterprises will have room for bargaining power recovery.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu 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

15 mins ago

H1 Battery Materials Import and Export Data Released, Lithium Carbonate Imports Surge over 50%, How About Other Segments? [SMM Special]

15 mins ago

25 mins ago

Lithium Carbonate Market Weekly Review: Jul 20-23 Spot Lithium Carbonate Prices Moved Sideways in a Narrow Range [SMM Weekly Review]

25 mins ago

28 mins ago

[SMM Analysis] China’s Sulphuric Acid Production and Sulphur/Sulphuric Acid Imports & Exports in H1 2026 — Based on Data from National Bureau of Statistics (NBS) and Customs

In H1 2026, China's sulphur market experienced a full transmission chain of "import crash—production under pressure—export stagnation," with key data as follows: Imports: Natural sulphur imports fell from 497,200 mt in January to 147,000 mt in June, and on a combined basis of natural sulphur and refined sulphur, they were down approximately 57.7% YoY, with the share of Middle Eastern sources dropping from nearly 40% to 5%; Production: From January to May, national sulphuric acid production fell 1.6% YoY, with significant declines in Hubei, Guizhou, Yunnan and other traditional phosphate fertiliser production areas, while Anhui and other areas with concentrated smelting acid production grew against the trend; Exports: Sulphuric acid exports nearly fell to zero in June, with approximately 100,000-150,000 mt of export resources per month flowing back to the domestic market; Prices: Sulphur prices soared from 4,180 yuan/mt at the start of the year to a peak of 10,353.5 yuan/mt in June, while the copper smelting acid index rose by about 92% from the beginning of the year.

28 mins ago