Artificial Graphite More Likely to Rise Than Fall, Natural Graphite Consolidates at Lows [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Oct 22, 2026 15:53 (GMT+8)

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Artificial Graphite More Likely to Rise Than Fall, Natural Graphite Consolidates at Lows] October 22 news: This week, artificial graphite anode prices remained stable.

SMM, October 22:

This week, artificial graphite anode prices remained stable. Anode enterprises still held ample orders on hand, with some orders extending to year-end. The destocking process continued, and industry inventory stayed at low levels. However, upside was clearly limited: battery cell manufacturers pushed strongly for lower prices, and cost increases were not smoothly passed through. Natural graphite remained weak, with prices still consolidating at lows near the cost line under pressure from high inventory, and the stalemate between buyers and sellers persisted. Looking ahead, if cost support for artificial graphite remains solid and end-use demand continues to fluctuate at highs, prices are expected to be more likely to rise than fall; natural graphite is unlikely to see a reversal in the short term and is expected to mainly consolidate at lows.

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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