[SMM Analysis] Supply and Demand Show Growth Trend; Anode Material Prices Continued to Rise This Week

Published: Mar 13, 2025 16:33

Save

[SMM Analysis: Supply and Demand Show Growth Trend, Anode Material Prices Continue to Rise This Week] SMM, March 13: This week, anode material prices continued their upward trend. Supply and demand side, the market gradually moved past the impact of the off-season, with both supply and demand showing a growth trend...

SMM March 13 News:

This week, anode material prices continued their upward trend. Supply and demand side, the market gradually overcame the impact of the off-season, with both supply and demand showing growth. Cost side, low-sulphur petroleum coke prices declined recently due to weakened demand for anodes; needle coke prices had previously increased, leading anode material companies to adopt a more conservative purchasing approach and implement price suppression strategies. However, as needle coke prices have been fluctuating at low levels for a long time, some needle coke manufacturers saw a pullback in prices this week, though the extent was limited. Graphitisation electricity costs remained high, leaving narrow profit margins and generating sentiment for price increases. Against the backdrop of a rebound in March demand, Acheson furnace graphitisation outsourcing prices rose, but due to sufficient market supply, significant price hikes were difficult. For box furnaces, as most integrated production lines of anode companies use box furnaces, the demand for outsourcing box furnace services showed little improvement, and prices remained relatively stagnant.

SMM New Energy Research Team

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 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

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

11 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

11 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

11 hours ago