[Oil-based Green Needle Coke Market Bottoming Out, Awaiting Upturn] The market price of oil-based green needle coke is under pressure, declining due to the combined effects of continued weak downstream demand and ample market supply, with prices falling 0.9% MoM. However, some producers have successively initiated shutdowns for maintenance, which has, to some extent, alleviated the supply surplus. Meanwhile, the tense geopolitical situation overseas has provided support to the cost side. Under the combined influence of supply contraction and cost support, the decline in oil-based green needle coke prices this week has continued to narrow. Looking ahead, the capacity of oil-based green needle coke entering the shutdown maintenance period is expected to increase further, and the market oversupply situation will continue to improve. It is anticipated that oil-based green needle coke prices will gradually stabilize in the future.