【Weekly Industry Review】Anode Materials: Execution of Previous Contracts, Market ...

The rapid growth of the EV and energy storage industries is boosting demand for high-performance lithium batteries, driving the market for quality petroleum coke and synthetic graphite. The quality and particle size of calcined petroleum coke directly affect synthetic graphite performance, especially in anode production.

【Weekly Industry Review】Anode Materials: Execution of Previous Contracts, Market Remains Stable

1. Market Highlights This Week

1. Production: Leading anode material enterprises continue to operate at high utilization rates. With the gradual release of anode capacity, some second- and third-tier companies have seen an increase in toll-processing orders.

2. Demand: Downstream demand shows no significant change. The power battery market is recovering, while the proportion of energy storage orders is increasing.

2. Market Analysis This Week

Figure 1: Price Trend of Artificial Graphite Anode Materials in China (Unit: RMB/ton)

Figure 2: Price Trend of Natural Graphite Anode Materials in China (Unit: RMB/ton)

Weekly Price Changes of Anode Materials in China

Unit: RMB/ton

Data Source: Oilchem

Notes:

1. The prices in this table represent the average mainstream market prices across regions, released before 16:30 on working days.

2. The listed prices are warehouse-delivered, cash payment, tax-inclusive prices.

During this period, artificial graphite prices remained stable. Raw materials such as low-sulfur petroleum coke and needle coke stayed at high levels after previous increases. Artificial graphite anode materials are mainly delivered based on previously signed contracts, and new prices have not yet been negotiated.
Prices are as follows:

· High-end power: RMB 31,500–36,500/ton

· High-end digital: RMB 45,000–65,000/ton

· Mid-range products: RMB 25,500–34,500/ton

· Low-end products: RMB 19,500–25,500/ton

3. Analysis of Raw Material Market Factors

1. Petroleum Coke: Sinopec refineries are implementing the latest pricing, with increases of RMB 30–200/ton. Market trading sentiment is acceptable, and shipments remain stable. PetroChina maintains smooth sales with stable export pricing. CNOOC Taizhou refinery follows the latest bidding prices, while other refineries maintain stable pricing and shipments.

2. Needle Coke: On the supply side, most companies maintain low inventory levels. Producers are actively operating, with good trading activity and stable contract execution.
Mainstream prices:

· Green coke: RMB 5,600–7,200/ton

· Calcined coke: RMB 7,500–8,700/ton

4. Market Outlook for Next Week

Raw material prices are still expected to rise, keeping production costs for anode materials at a high level. However, as most market participants are currently executing previous contracts, it remains difficult for anode material prices to increase in the short term.

Feel free to contact us anytime for more information about the Anode Material market. Our team is dedicated to providing you with in-depth insights and customized assistance based on your needs. Whether you have questions about product specifications, market trends, or pricing, we are here to help.