Anode Material Production Drops 9% MoM in February 2025, Expects 11% Rebound in March

[Review and Forecast of Anode Material Production]

In February 2025, affected by the Chinese New Year holiday and the shorter month, the production schedule of downstream battery cell manufacturers decreased, leading to a significant drop in demand for key material anode materials. Meanwhile, due to the sharp surge in petroleum coke prices and price suppression by battery cell manufacturers, the profit margins and survival space of anode enterprises were further squeezed, prompting many to reduce production levels. As a result, anode material production in February fell to 160,000 mt, down 9% MoM. Looking ahead, as the market gradually recovers and downstream demand improves, the operating rate of anode production is expected to increase accordingly, with March anode material production likely to rise 11% MoM.