Graphitisation Tolling Service Quotes Remained Stagnant with Tug-of-War Between Sellers and Buyers Intensifying [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: May 7, 2026 17:54

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Graphitisation Tolling Service Prices Remained Stable and Stagnant, Tug-of-War Between Sellers and Buyers Became Prominent] May 7: This week, graphitisation tolling service processing prices in China did not show significant fluctuations, and the tug-of-war between sellers and buyers became prominent.

SMM May 7 update:

This week, graphitisation tolling services processing quotes in China showed no significant fluctuations, with the tug-of-war between sellers and buyers becoming prominent. Cost side, prices continued to fluctuate at highs, and graphitisation tolling service providers faced dual pressure from raw material procurement costs and production processing costs. The rigid cost support was significant, providing strong support for graphitisation tolling services processing prices and constraining downside room. Supply-demand side, against the backdrop of rising costs across the entire industry chain, downstream enterprises mostly produced based on sales and purchased as needed. Buyers and sellers continued their tug-of-war, and prices exhibited a stalemate pattern. Looking ahead, under the disturbance of geopolitical tensions, the short-term downside room for graphitisation upstream raw materials remained limited, and the cost support logic persisted. It is expected that graphitisation tolling services processing prices will maintain strong rigid support going forward, making it difficult for prices to pull back significantly.

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

Hu Xuejie 021-20707858

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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