【SMM Analysis】Market Recovery in March, Artificial Graphite Exports Increased

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SMM April 21 News:

In March 2025,China's artificial graphite imports were 1,021 mt, down 78% MoM and 8% YoY.In terms of import average price, in March 2025,China's artificial graphite import average price was 55,788 yuan/mt, up 211% MoM and down 29% YoY.

Data source: SMM, China Customs

In March 2025,China's artificial graphite exports were 44,437 mt, up 108% MoM and down 18% YoY.In terms of export average price, in March 2025,China's artificial graphite export average price was 10,610 yuan/mt, down 36% MoM and 23% YoY.

Source: SMM, China Customs

In March 2025, although imports pulled back MoM, from a long-term trend perspective, the import scale this month remained within the normal historical fluctuation range, with no abnormal changes observed. On the export side, a significant growth trend emerged. With the end of the Chinese New Year holiday, market demand quickly recovered, and this month's artificial graphite exports surged 108% MoM, demonstrating a strong recovery momentum.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lyu 021-20707875

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Jie Wang 021-51595902

Yang Xu 021-51666760

Mengqi Xu 021-20707868