[SMM Analysis] Disrupted Logistics Led to a Decline in Artificial Graphite Exports in January

Published: Mar 24, 2025 12:00

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[SMM Analysis: Disrupted Logistics Lead to Decline in Artificial Graphite Exports in January] SMM reported on March 24, 2025: In January 2025, China's artificial graphite imports were 853 mt, up 2% MoM, and down YoY...

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SMM March 24 News:

In January 2025, China's artificial graphite imports were 853 mt, up 2% MoM and down 37% YoY. In terms of average import prices, in December 2024, the average price of artificial graphite imports in China was 69,510 yuan/mt, up 469% MoM and up 2% YoY.

Data Source: SMM, China Customs

In December 2024, China's artificial graphite exports were 49,701 mt, down 14.6% MoM and down 8% YoY. In terms of average export prices, in December 2024, the average price of artificial graphite exports in China was 8,462 yuan/mt, down 4% MoM and up 12% YoY.

Source: SMM, China Customs

In January 2025, on the import side, due to stockpiling by battery cell manufacturers before the year, artificial graphite imports increased by 2% MoM. Meanwhile, domestic artificial graphite had a competitive edge in terms of price and specifications, and with sufficient domestic capacity, battery cell manufacturers mainly used domestically produced artificial graphite, leading to a 37% YoY decline in imports. On the export side, in January, considering the approaching Chinese New Year holiday, domestic artificial graphite production decreased, coupled with logistical disruptions, resulting in a 14.6% MoM drop in export volume.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lü 021-20707875

Zhizheng 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.

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