Heightened market competition to exert further downward pressure anode material prices

Published: Nov 13, 2023 09:31

Source: SMM

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In the week ending November 9, anode material prices slightly dipped.

In the week ending November 9, anode material prices slightly dipped. In terms of costs, low-sulphur petroleum coke prices remained temporarily stable, while oil-based needle coke experienced a minor price decrease. As anode manufacturers increase integration, independent graphitisation producers face pressures to survive, suggesting potential price drop. Demand from the EV and energy storage markets was weak as they aimed to manage year-end inventory levels. The emergence of new projects contributed to an apparent oversupply in anode production capacity, with little prospect for short-term recovery. This heightened market competition is likely to exert further downward pressure on anode material prices.

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