Mild Improvement on Both Supply and Demand Sides, Anode Raw Material Coke Market Maintains Stable Operation [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jun 25, 2026 17:30

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Mild Two-Way Improvement in Supply and Demand, Anode Raw Material Coke Market Maintains Stable Operation Pattern] June 25 news: This week, China's anode raw material coke market was dominated by stable price operation. On the demand side, downstream anode material producers' purchasing strategies tended to be conservative.

SMM, June 25 –

This week, China's anode raw material coke market remained largely stable. Demand side, downstream anode material producers adopted a conservative procurement strategy, mostly restocking small quantities based on demand, with insufficient willingness to stockpile large volumes proactively, and new purchase orders in the market were relatively limited. Supply side, several enterprises that had previously halted production for maintenance resumed operations one after another, and effective supply in the industry steadily increased. At this stage, raw material coke lacks sufficient positive factors to support a price uptrend. Looking ahead, as maintenance-affected capacity continues to resume production and release supply, the market supply increase will be steadily realized, and combined with expectations of a slight uptick in downstream demand, the raw material coke market is expected to continue its stable trend in the short term, with prices showing no logic driving a sharp change.

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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