"September peak season" supply-demand tightening supports market conditions; graphitisation tolling prices raised across the board [SMM lithium battery anode raw material market weekly review]

Published: Sep 3, 2026 15:29

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: "September Peak Season" Supply-Demand Tightening Supports Market, Graphitisation Tolling Prices Raised Across the Board] September 3 news: This week, the price center of graphitisation tolling services moved up overall.

SMM, September 3:

This week, the price center of graphitisation tolling services moved up overall. The average price of high-density raw material for Acheson furnaces was raised to 9,500 yuan/mt, while light raw material climbed to an average of 10,250 yuan/mt; box furnace high-density raw material rose to an average of 8,450 yuan/mt, with light raw material reaching 9,000 yuan/mt. The average price of light raw material for box furnaces was raised to 9,000 yuan/mt. The core driver behind this round of price increases was a phase of supply-demand mismatch. On the demand side, anode material production schedules accelerated, integrated enterprises' own capacity tightened, and demand for outsourced toll processing continued to be released; on the supply side, independent graphitisation enterprises, under sustained profit pressure, were slow to resume operations, keeping effective processing capacity in a tight balance. Market outlook: as anode peak-season production schedules continue to climb, the adjustable surplus capacity for toll processing is expected to narrow further, and graphitisation prices are likely to consolidate on a strong note.

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.

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