[SMM 5.12-5.16 Market Analysis of Oil-based Green Needle Coke] 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, from upstream to downstream, have become increasingly cautious. On the supply side, the capacity of oil-based green needle coke remains in a state of surplus. Overall, amidst 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, shipments from end-users and battery cell enterprises are expected to increase, which will drive up the production schedule of anode materials and, in turn, boost demand for oil-based green needle coke. Therefore, it is expected that the price of oil-based green needle coke will adopt a strategy of refusing to budge on prices in the future.