[Artificial Graphite Stops Falling and Stabilizes] This week, the price of anode materials made of artificial graphite stopped falling and stabilized. On the demand side, the slowdown in production pace by automakers led to sluggish growth in demand for power battery cells. However, the small energy storage market saw a slight recovery in demand, which to some extent offset the demand gap in the power sector. This change was transmitted upstream along the industry chain, keeping the overall demand for anode materials from battery cells relatively stable. On the supply side, the ample supply situation continued. On the cost side, with restocking in the anode and traditional industries, the cost of anode raw materials stopped falling and rebounded, providing support for the price of artificial graphite. Under the interplay of multiple factors, the price of anode materials made of artificial graphite entered a stalemate phase this week. Looking ahead, although the overcapacity situation is difficult to reverse in the short term, the prices of relevant raw materials are expected to stabilize. With this support, the price of anode materials may gradually enter a stable operation phase.