Graphitisation Tolling Services Prices Steady amid Stalemate, Downstream Push for Lower Prices Eases [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jul 23, 2026 17:40
[SMM Lithium Battery Anode Raw Material Market Weekly Review: Graphitisation Tolling Services Prices Steady in Stalemate, Downstream Push for Lower Prices Easing] July 23: This week, China's graphitisation tolling services prices overall maintained a stable trend.

SMM, July 23 –

This week, China’s graphitisation toll processing prices overall held steady. Supply and demand side, downstream demand support was moderate, and outsourced toll processing orders remained ample; supply side, operating enterprises had limited capacity, and market expectations for an uptrend persisted. However, affected by earlier cost declines, despite a rebound trend this period, actual prices did not exceed previous highs, and momentum for price adjustments was insufficient. Looking ahead, as downstream anode material demand gradually expands, clients, to ensure stable operation of their own capacity, will ease their tendency to push for lower prices in toll processing, and processing enterprises will have room for bargaining power recovery.


SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu Yanlin 021-20707875

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Chen Bolin 021-51666836

Xu Yang 021-51666760

Xu Mengqi 021-20707868

Hu Xuejie 021-20707858

Yang Le 021-51595898

Wang Zhaoyu 021-51666827

Li Yisha 021-51666730

Huang Chencong 021-51595860

Lin Ziya 021-5166-6902

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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