Graphitisation Profits Hit Bottom, Leading to Price Rigidity [SMM Lithium Battery Graphite Market Weekly Review]

SMM June 19 News:

This week, graphitisation prices remained stable. From the perspective of the supply-demand pattern, as anode material producers accelerate the implementation of their integrated development strategies, the momentum for growth in graphitisation tolling orders is significantly insufficient, and the situation of supply surplus in the market remains severe. However, as the profits from graphitisation tolling services have already fallen below the cost line, producers are facing profitability challenges, and buyers and sellers are locked in a pricing stalemate. Looking ahead, there are no signs of recovery in demand in the short term, and the situation of overcapacity is difficult to reverse. Meanwhile, the easing of cost-side pressures may provide room for price reductions to secure market orders. Based on a comprehensive assessment, it is expected that graphitisation tolling prices will come under pressure in the future.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 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