Anode Prices Remained Stable Overall, Supply-Demand Cost Dominated Future Market Trends [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: May 28, 2026 15:12

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Anode Prices Remained Generally Stable, Supply-Demand and Cost Dynamics to Drive Future Trends] May 28: This week, artificial graphite anode material prices remained stable. Raw material prices edged down during this period, but were affected by the lag in production cycles.

SMM May 28 News:

This week, artificial graphite anode material prices remained stable. Raw material prices edged down during the current period, but due to the lag in production cycles, enterprises were still absorbing previously high-priced raw materials, and cost support remained solid. Demand continued to recover, with leading anode enterprises experiencing tight capacity supply. However, overall industry capacity remained in a surplus state, and outsourced processing demand still had room for release. Natural graphite anode prices also remained stable this week. Currently, circulating supply in the market was sufficient with relatively high spot cargo inventory, exerting some downward pressure on prices. However, upstream raw material prices remained firm at high levels, establishing a rigid cost floor that effectively offset the bearish impact of ample supply. Looking ahead, changes in the supply-demand pattern and fluctuations in raw material costs will be the core factors influencing the direction of anode material prices.

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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