Low-sulphur petroleum coke maintains stable prices, while the market outlook for oil-based green needle coke is bullish [SMM Weekly Review of Lithium Battery Anode Raw Material Market]

Published: Jul 17, 2025 16:16

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[SMM Weekly Review of Lithium Battery Anode Raw Material Market: This week, the price of low-sulphur petroleum coke remained stable, with an average market price of 3,860 yuan/mt.]

SMM July 17 News:

This week, the price of low-sulphur petroleum coke remained stable, with an average market price of 3,860 yuan/mt. On the cost side, the price of upstream raw materials dropped back slightly. On the supply side, the supply remained relatively abundant. On the demand side, performance was good, with robust end-use demand driving strong shipments of low-sulphur petroleum coke. Supported by strong demand, the price of low-sulphur petroleum coke remained stable this week. Looking ahead, the cost side is expected to continue to decline, while end-use demand is expected to increase slightly, and shipments are expected to improve. Considering multiple factors, it is anticipated that the price of low-sulphur petroleum coke will remain stable or even refuse to budge on prices in the future.

This week, the market price of oil-based green needle coke remained stable, with an average market price of 5,450 yuan/mt. On the cost side, the price of raw materials showed a slight downward trend. In terms of supply and demand, there was a slight increase in demand, while some oil-based green needle coke capacity was still undergoing maintenance, resulting in relatively tight supply. Under these circumstances, producers of oil-based green needle coke had good shipments. Overall, the price of oil-based green needle coke mainly remained stable or even refused to budge on prices this week. Looking ahead, the supply-demand pattern in the market is expected to remain tight in the short term. Based on this, the price of oil-based green needle coke is likely to increase slightly.

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.

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