Anode Raw Material Coke Supported by Both Cost and Supply, Market Prices Remain Firm and Stable [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: May 21, 2026 17:27

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Anode Raw Material Coke Supported by Both Cost and Supply Factors, Market Prices Remained Firm and Stable] May 21: This week, anode raw material coke market prices in China remained firm.

SMM May 21:

This week, China's anode raw material coke market prices remained firm. After consecutive price increases in the earlier period, downstream market purchasing sentiment turned cautious, and market purchase activity pulled back somewhat. Meanwhile, Brent crude oil prices continued to rise, and multiple refineries and needle coke producers entered shutdown maintenance phases. Overall, driven by "strong cost support, cautious demand, and tightening supply," anode raw material coke prices stabilized with solid underpinning. Market outlook, the industry should closely monitor international crude oil price trends and the actual release of downstream end-use demand. If international oil prices stay high, coupled with gradually recovering and expanding downstream demand, anode raw material coke market prices may continue to maintain a firm and elevated trajectory in the short term.

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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