Price increase of low-sulphur petroleum coke widens; oil-based green needle coke continues to operate at stable prices [SMM Weekly Review of Lithium Battery Anode Raw Material Market]

SMM reported on July 3:

This week, the price increase of low-sulphur petroleum coke accelerated, with an average market price of 3,665 yuan/mt, up 2.1% MoM. On the cost side, due to factors such as geopolitical tensions, upstream raw material prices remained high, providing support for the low-sulphur petroleum coke market. In terms of supply and demand, downstream purchasing enthusiasm significantly improved, coupled with some petroleum coke plants entering maintenance periods, the market's supply surplus situation improved. Therefore, low-sulphur petroleum coke prices continued to rise this week. Looking ahead, there is no significant growth momentum in end-use demand, and the demand for anode materials from downstream battery cell producers may remain relatively stable. Considering supply-demand and cost factors, low-sulphur petroleum coke prices may exhibit sideways movement in the short term.

The market price of oil-based green needle coke remained stable. On the cost side, due to geopolitical tensions, raw material prices stabilized at highs, providing some support for the market price of oil-based green needle coke. In terms of supply and demand, some producers were still in the shutdown and maintenance phase, and the supply surplus situation improved. Overall, the price of oil-based green needle coke continued its stable trend this week. Looking ahead, the market's supply-demand pattern is expected to maintain its current state, with no significant adjustment momentum, so the price of oil-based green needle coke is likely to continue its stable trajectory.

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