【Anode Materials】Prices Decline—Can the "Golden September and Silver October" Turn the Tide?

In July, anode material prices saw a slight decline. On the cost side, low-sulfur petroleum coke prices fell due to weak demand and inventory buildup. The price increase for petroleum-based needle coke green coke halted as downstream purchasing interest weakened, leading to stable prices. Graphitization outsourcing faced reduced orders due to a downturn in anode production, prompting small price cuts from processing companies to secure orders. For more details on related graphitized carburant products, please refer to additional information or contact me for further assistance.

On the demand side, as the peak season ended, many customers accumulated raw material inventories and reduced anode material purchases, weakening demand. July, a negotiation period for the industry, saw some battery manufacturers bidding to push down material prices, with anode companies offering lower prices to secure orders, resulting in a slight price drop.

Looking ahead, in August, low-sulfur petroleum coke, being a byproduct, will have difficulty adjusting production, while downstream demand remains weak, increasing inventory pressure and leading to further price cuts. Petroleum-based needle coke green coke faces reduced demand, making sales more challenging, leading refineries to slightly lower prices. Despite fewer orders, graphitization outsourcing prices remain weak but stable due to electricity cost constraints. 

In terms of demand, market activity picks up in August as companies prepare for the "Golden September and Silver October," with a slight increase in demand. However, with existing inventories of anode materials held by both anode companies and downstream customers, production may not see significant growth. Although raw material prices are falling and the market remains sluggish, anode companies face significant financial pressure and are inclined to maintain prices, so anode material prices are expected to remain weakly stable, with a slight possibility of further decline.

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