Boosted by Both Cost and Demand, Anode Raw Material Coke Prices More Likely to Rise Than Fall [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jul 30, 2026 15:29

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Driven by Both Cost and Demand, Anode Raw Material Coke Price More Likely to Rise than Fall] Jul 30 news: Boosted by the persistent strengthening of the upstream cost side, the price of anode raw material coke in China extended its upward trend this week.

SMM, July 30:

Bolstered by the sustained strength on the upstream cost side, the price of raw material coke for anode materials in China continued to rise this week. Support from the cost side remained strong, serving as the primary driver of current price firmness. Supply side, coking plants operated steadily overall, with no significant fluctuations in the pace of resource release. The demand side was active, with downstream enterprises showing strong willingness to stockpile and smooth procurement follow-through. Coking plants recorded a solid pace of shipments, and overall market trading sentiment was positive. Looking ahead, as downstream production schedule expectations are gradually raised, cost-side support is expected to strengthen further. The raw material coke price is expected to maintain a pattern of being more likely to rise than fall in the near term.

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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