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

iconMay 29, 2025 16:15
Source:SMM
[SMM Weekly Review of Lithium Battery Anode Raw Material Market: This week, the low-sulphur petroleum coke market was in the doldrums, with an average market price of 3,537 yuan/mt. On a WoW basis,...]

SMM, May 29:

This week, the low-sulphur petroleum coke market was in the doldrums, with an average market price of 3,537 yuan/mt, down 3% WoW. On the cost side, raw material prices remained relatively stable. On the supply and demand front, the end of the refinery shutdown and maintenance period and the resumption of production led to an adequate market supply. However, the growth momentum on the demand side remained insufficient, with a limited increase. Therefore, against the backdrop of a supply-demand mismatch, low-sulphur petroleum coke prices continued their downward trend this week. Looking ahead, the supply side is expected to maintain an adequate state. On the demand side, there are currently no positive signs. Overall, it is expected that low-sulphur petroleum coke prices may continue to decline in the future.

The price of oil-based green needle coke fell by 1.3%. Downstream demand fell short of expectations, leading to a price decline this week. Looking ahead, if the cost side remains stable without significant fluctuations, and the release of new capacity in the oil-based green needle coke industry is relatively moderate, and given that some oil-based green needle coke plants are currently entering the maintenance phase, it is expected that oil-based green needle coke producers will continue to refuse to budge on prices.


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

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Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

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Hu Xuejie 021-20707858

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