This week, the price of anode raw material coke continued its downward trend [[SMM Weekly Review of Lithium Battery Anode Raw Material Market]]

SMM May 8 News:

This week, the low-sulphur petroleum coke market continued to be in the doldrums, with an average market price of 4,087 yuan/mt, down 5% WoW. On the cost side, there were no significant fluctuations in raw material prices, which did not cause significant disturbances to the price of low-sulphur petroleum coke. On the supply and demand side, there was currently no news of refineries completing maintenance and resuming operations. The demand side remained relatively sluggish, with weak enthusiasm for anode purchases in traditional industries. Therefore, under the influence of the aforementioned supply-demand relationship, the price of low-sulphur petroleum coke showed a downward trend this week. Looking ahead, as domestic refineries gradually complete maintenance and resume operations, the subsequent supply of petroleum coke in the market may become adequate. However, affected by adjustments in tariff policies, the purchase willingness of end-users may be suppressed, and the situation of insufficient growth momentum on the demand side is unlikely to improve in the short term. Therefore, it is expected that the price of low-sulphur petroleum coke will continue to decline in the coming period. This week, the average market price of oil-based green needle coke was 5,867 yuan/mt, down 0.6% WoW. Raw material prices remained stable. On the demand side, impacted by adjustments in international trade policies, tariff pressures have permeated throughout the upstream and downstream of the industry chain, making corporate purchasing decisions increasingly cautious. On the supply side, the output of oil-based green needle coke continued to remain at a high level. In summary, against the backdrop of a supply-demand mismatch, the price of oil-based green needle coke experienced a slight decline this week. Looking ahead, in the absence of maintenance and shutdowns, the market supply of oil-based green needle coke will continue to remain abundant. At the same time, tariff pressures and trade barriers will continue to suppress purchasing demand across various links of the industry chain. Therefore, it is expected that the price of oil-based green needle coke will continue its current downward trend, and the market is unlikely to shake off its weak performance 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