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

SMM May 15 News:

This week, the low-sulphur petroleum coke market was in the doldrums, with an average market price of 3,906 yuan/mt, down 4% WoW. Cost side, there were no significant fluctuations in raw material prices. On the supply and demand front, some refineries have completed their maintenance shutdowns, resulting in relatively sufficient supply. However, the growth momentum for anode demand was insufficient, and the enthusiasm for anode purchases in traditional industries was weak. Therefore, amidst the tug-of-war between supply and demand, low-sulphur petroleum coke prices declined this week. Looking ahead, on the supply side, as domestic refineries gradually complete their maintenance shutdowns, supply is expected to increase in the future. On the demand side, due to changes in tariff policies, downstream demand is expected to grow in the future. Therefore, it is expected that low-sulphur petroleum coke prices will adopt a strategy of standing firm on quotes in the coming period. The price of oil-based green needle coke fell 0.2% WoW. On the demand side, affected by tariff adjustments, procurement decisions by enterprises across the industry chain have become increasingly cautious. On the supply side, the capacity of oil-based green needle coke remains in a state of surplus. Overall, against the backdrop of a supply-demand mismatch, the price of oil-based green needle coke experienced a slight decline this week. Looking ahead, during the 90-day waiting period for the 24% tariff, it is expected that shipments from terminal and battery cell enterprises will increase, which will drive an increase in anode material production schedules and, in turn, boost demand for oil-based green needle coke. Therefore, it is expected that oil-based green needle coke prices will adopt a strategy of standing firm on quotes in the future.

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