This week, the price of anode raw material coke continued to decline due to demand [SMM Weekly Review of Lithium Battery Anode Raw Material Market]

Published: Jun 5, 2025 15:43

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[SMM Weekly Review of Lithium Battery Anode Raw Material Market: This week, the low-sulphur petroleum coke market remained stable, with an average market price of 3,541 yuan/mt.]

SMM, June 5:

This week, the low-sulphur petroleum coke market remained stable, with an average market price of 3,541 yuan/mt. On the cost side, there were no significant fluctuations in raw material prices. On the supply and demand side, market supply was relatively abundant, while downstream demand lacked growth momentum. As a result, low-sulphur petroleum coke prices continued to decline this week. Looking ahead, the cancellation of mandatory energy storage allocation and the conclusion of the auto show have led to a decline in end-use demand. The production enthusiasm of anode producers may continue to weaken. Therefore, it is expected that low-sulphur petroleum coke prices will continue to be under pressure in the coming period.

The price of oil-based green needle coke fell by 2.2%. Weak downstream demand and still-ample supply led to a price decline this week. Looking ahead, some oil-based green needle coke producers are entering a shutdown and maintenance period, which may improve the oversupply market environment. However, considering that the remaining capacity can still meet downstream demand, it is expected that oil-based green needle coke prices may refuse to budge on prices 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

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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