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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]

iconJul 10, 2025 17:14
Source:SMM
[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

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