Mar 2023: China anode material production at 100,544 tons, -2% MoM, -2% YoY

On the demand side: The downstream battery cell and terminal vehicle manufacturers are still in the process of de-stocking, combined with significant fluctuations in the prices of upstream raw materials for batteries. This has led to a slowdown in procurement demand and procurement cycles for the power sector. Although the demand for energy storage is relatively better, it is also affected by fluctuations in upstream raw material prices, resulting in a slowdown in procurement. Coupled with a weak digital market, the demand for anode materials in March has not yet improved. 

On the supply side: Affected by weak new orders in the demand side and accumulated inventory at anode material manufacturers, some anode manufacturers have reduced production this month, leading to a slight decline in the overall market supply.

In April, although the terminal demand has somewhat recovered, there is still inventory accumulation in the downstream sectors and the anode sector. In the short term, de-stocking will remain the main focus. It is expected that the market supply may continue to decline slightly. In April, China's anode material production is estimated to be 99,556 tons, a 1% month-on-month decrease and a 2% year-on-year decrease. For further information about our anode material-related products, please feel free to contact us.