Supply-Demand Pattern Gradually Recovers, Petroleum Coke Edges Up Slightly [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jul 2, 2026 17:47

Save

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Supply-Demand Pattern Gradually Repairs, Petroleum Coke Edges Up Slightly] July 2: This week, China’s petroleum coke prices ticked up slightly, while needle coke prices held steady.

SMM July 2:

This week, China’s petroleum coke prices edged up slightly, while needle coke prices remained stable. On the demand side, downstream clients in the petroleum coke market showed increased purchasing enthusiasm at the beginning of the month, providing solid support for petroleum coke prices to hold firm. For needle coke, downstream enterprises remained cautious in their purchasing sentiment, with weak willingness to proactively stockpile, offering limited support for price increases. On the supply side, supply continued to recover, as previously suspended enterprises gradually resumed production after maintenance, easing the earlier supply tightness. Overall, the current market lacked strong favorable support, and prices maintained a balanced state amid the tug-of-war between sellers and buyers. In the short term, with incremental supply continuing to materialize and downstream demand showing a slight recovery, no significant driving force for sharp price changes in raw material coke is expected.

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 for 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

2 hours ago

[SMM Analysis] Consumer Demand Transmission Hindered, Cobalt Price Rebound Still Under Heavy Pressure

2 hours ago

[SMM Energy Storage Battery Cell Market Weekly Review 7.02] Prices Firm Up Recently, Year-End Capacity Hopes for a New Phase

[SMM Analysis] Energy storage battery cell prices remained stable this week due to tight short-term supply-demand conditions and transmission lags. In H2, with the concentrated rollout of new capacity and the combined effect of the year-end export rush, the market is expected to break out of the stable period and enter a new round of resonance, with both volume and prices rising.

2 hours ago

2026 Power Battery Installations Expected Up 15.8% YoY

At the 2026 annual forum of the China Automotive Power Battery Industry Innovation Alliance, Ma Xiaoli, Deputy Director of the National Innovation Center for Power Batteries, said that China's power battery installation demand for the full year 2026 is expected to reach 888.7 GWh, up 15.8% YoY. Of which, passenger NEV installation demand reaches 672.7 GWh, up 10.8% YoY, and new energy commercial vehicle installation demand reaches 216.1 GWh, up 34.7% YoY.

2 hours ago