Costs remain high and stable, with price increases for low-sulphur petroleum coke expanding [SMM Weekly Review of Anode Raw Material Market for Lithium Batteries]

Published: Jul 10, 2025 17:14

Save

[SMM Weekly Review of Lithium Battery Anode Raw Material Market: This week, the price increase of low-sulphur petroleum coke continued to widen, with an average market price of 3,823 yuan/mt, up 4% WoW.]

SMM July 10 News:

This week, the price increase of low-sulphur petroleum coke continued to expand, with an average market price of 3,823 yuan/mt, up 4% MoM. On the supply and demand front, downstream purchasing enthusiasm significantly improved, while market supply remained relatively abundant. On the cost side, upstream raw material prices remained high and stable, providing support for the low-sulphur petroleum coke market. Therefore, this week, the price of low-sulphur petroleum coke continued to rise under the boost of demand and cost support. Looking ahead, end-use demand has not yet shown significant growth momentum, and the cost side is expected to maintain a stable pattern. Based on a comprehensive analysis, it is anticipated that the price of low-sulphur petroleum coke will mainly refuse to budge on prices in the short term.

The market price of oil-based green needle coke remained stable. On the supply and demand front, some capacities were in the maintenance phase, slightly improving the supply surplus pattern. On the cost side, raw material prices remained high, providing support for the market price of oil-based green needle coke. Overall, the price of oil-based green needle coke remained stable this week. Looking ahead, the market supply-demand pattern is expected to maintain the current status, so the price of oil-based green needle coke is likely to remain stable.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

17 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

17 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

17 hours ago