[SMM Analysis] Anode Material Prices Remained Stable This Week

Published: Apr 17, 2025 15:37

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【SMM Analysis: Anode Material Prices Remained Stable This Week】SMM, April 17: This week, the price of artificial graphite remained stable, with no significant fluctuations. Supply and demand side, the production schedule of downstream battery cell manufacturers showed no significant improvement WoW...

SMM April 17 News: This week, the price of artificial graphite remained stable with no significant fluctuations. On the supply and demand side, the production schedule of downstream battery cell manufacturers showed no significant improvement WoW, so the overall operating rate of the anode market was basically flat compared to last week. Cost side, the price of graphitisation tolling services remained relatively stagnant, the price of low-sulphur petroleum coke remained stable with slight fluctuations, and the price of needle coke decreased by 1.8%. Comprehensive cost accounting showed a decline in anode costs this week. However, as most of the raw materials currently used in artificial graphite anodes were purchased during the previous high-price period, the price of artificial graphite anodes remained firm this week. Looking ahead, influenced by tariff policies, the demand for artificial graphite anode materials from downstream battery cells is expected to decrease, while costs may also rise due to tariffs. Under the interaction of supply-demand relationship and costs, the price trend of artificial graphite is expected to remain relatively stable. This week, the price of natural graphite anode materials remained stable. On the supply and demand side, there was no significant fluctuation WoW. Cost side, the price of upstream raw materials decreased this week. However, due to the lag in production, the current price of natural graphite remains relatively stable. Looking ahead, under the influence of tariffs, downstream demand may decline, and the processing of natural graphite anode materials is expected to see a slight decrease. 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, 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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