【Negative Electrode Materials】Market Overview for 2023

Since mid-September, the negative electrode materials market has shown mediocre performance. End-user electric vehicle companies and downstream battery enterprises continue destocking, and the willingness to stockpile gradually weakens. Purchases of negative electrode materials are increasingly based on actual production conditions, with negative electrode enterprises experiencing a decline in shipments. Moreover, due to the clear intention of downstream enterprises to reduce costs and increase efficiency, actual negotiations predominantly focus on price pressure, and more analysis on graphitized petroleum coke products. The actual transaction prices of negative electrode materials are under pressure and have dropped by 8.91%, reaching a reference price of 35,298 yuan/ton as of December 28, 2023, down by 3,452 yuan/ton from the beginning of the fourth quarter. The mainstream prices of high-end negative electrode materials, mid-range negative electrode materials, and low-end negative electrode materials are between 54000 yuan to 65000 yuan/ton, 26000 yuan to 34000 yuan/ton, and 15000 yuan to 20000 yuan/ton, respectively. 

In terms of industry concentration, it is expected that the CR4 industry concentration of China's lithium-ion negative electrode materials industry in 2023 will be 66.5%, slightly lower than the level in 2022. According to statistics, there are currently over 90 negative electrode production companies, with less than 15 companies producing over a thousand tons of negative electrode materials per month, occupying over 80% of the entire market share. The remaining 80-plus companies will strive to capture the remaining approximately 20% of the market.

Source: Oilchem

According to statistics, the Negative Electrode materials industry's production capacity in 2023 is 3.9875 million tons, with an average capacity utilization rate of less than 50%. The industry's capacity is difficult to digest, and there is an expectation of further downward pressure on negative electrode material prices. Continue to follow us for the latest trends in the negative electrode market.