Needle Coke Prices Remained Stable, Petroleum Coke Prices Rose Slightly [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: May 7, 2026 17:53

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Needle Coke Prices Held Steady, Petroleum Coke Rose Slightly] May 7: This week, after the holiday ended in China, needle coke prices held steady while petroleum coke saw a slight increase. Cost side, Brent crude oil prices showed a pullback trend after the holiday.

SMM May 7 News:

This week, after the domestic holiday ended, needle coke remained stable, while petroleum coke saw a slight increase. Cost side, Brent crude oil prices pulled back after the holiday, but the weekly average price still held firmly above $100/barrel, continuing to provide strong cost support for anode raw material coke prices. Supply and demand side, the supply-demand relationship in the needle coke market showed no significant fluctuations, supporting its price stability; as some refineries successively entered maintenance shutdown phases and downstream enterprises' restocking demand at the beginning of the month was gradually released, the supply-demand pattern in the petroleum coke market saw marginal improvement, providing strong support for petroleum coke price recovery overall. Looking ahead, attention should be paid to international crude oil price fluctuations and the pace of downstream demand release. If crude oil prices continue to stay high, coupled with sustained improvement in demand from the downstream anode material industry, anode raw material coke prices are expected to remain firm at highs in the short term.

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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