[SMM Analysis] Both import and export volumes of artificial graphite increased MoM in April

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SMM News, May 20, 2025:

In April 2025, China's imports of artificial graphite reached 1,128 mt, up 10% MoM and 1% YoY. In terms of average import price, in April 2025, the average import price of artificial graphite in China was 66,270 yuan/mt, up 219% MoM and down 8% YoY.

Data source: SMM, China Customs

In April 2025, China's exports of artificial graphite reached 58,170 mt, up 30% MoM and 19% YoY. In terms of average export price, in March 2025, the average export price of artificial graphite in China was 9,190 yuan/mt, down 13% MoM and 32% YoY.

Source: SMM, China Customs

In April 2025, due to domestic coke prices not falling to a low level, domestic production enthusiasm was high, leading to an increase in the volume of artificial graphite imports compared to the previous month. On the export side, affected by tariffs, the volume of artificial graphite exports to the US in April decreased by 29% MoM. Excluding the US, the volume of artificial graphite imports from China by other countries all increased to varying degrees.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Xu Mengqi 021-20707868