Weak Supply and Demand Coupled with Easing Costs Drive Anode Raw Material Coke Price Pullback [SMM Lithium Battery Anode Raw Material Market Weekly Review]

Published: Jun 4, 2026 17:03

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[SMM Lithium Battery Anode Raw Material Market Weekly Review: Weak Supply and Demand Combined with Easing Costs Led to Anode Raw Material Coke Price Pullback] June 4: Prices of low-sulphur petroleum coke and oil-based green needle coke in China fluctuated downward this week.

SMM June 4 News:

This week, domestic low-sulphur petroleum coke and oil-based green needle coke prices fluctuated downward. Supply-demand side, previous consecutive surges in coke prices directly led downstream enterprises to adopt a cautious wait-and-see approach toward purchases, putting spot cargo sales under pressure; cost side, crude oil prices retreated from highs compared to the previous period, and raw material support weakened accordingly. Overall, suppressed by the dual factors of weakening cost support and downstream wait-and-see purchasing, anode raw material coke prices pulled back. For the market outlook, the core focus is anchored on changes in Middle East geopolitical situations and China's coking supply-demand performance. If geopolitical tensions continue to disturb international oil prices and downstream anode demand steadily improves, there is a possibility that raw material coke prices may stop falling, recover, and rise again.

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

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