SMM, January 16:
This week, anode prices continued to remain stable. Cost side, as anode producers are currently in the inventory stocking phase, raw material low-sulphur petroleum coke saw ideal sales, and inventories remained at low levels. This week, low-sulphur petroleum coke prices continued to rise. In contrast, due to low demand from downstream anode producers for oil-based green needle coke, the operating rate of needle coke producers remained low, with producers mainly maintaining stable prices. Graphitisation electricity costs remained high, coupled with weak demand, leaving the overall market still in an oversupply dilemma. This week, graphitisation prices were relatively stagnant. Demand side, downstream battery cell manufacturers showed good demand for anode materials, with a low desire to bargain down prices, enabling smooth shipments for anode producers this week. With demand potentially pulling back near the Chinese New Year and high costs, anode producers showed strong sentiment to stand firm on quotes. It is expected that anode prices will remain stable in the short term.
SMM New Energy Research Team
Cong Wang 021-51666838
Xiaodan Yu 021-20707870
Rui Ma 021-51595780
Ying Xu 021-51666707
Disheng Feng 021-51666714
Yujun Liu 021-20707895
Yanlin Lü 021-20707875
Ye Yuan 021-51595792
Chensi Lin 021-51666836
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Xiaoxuan Ren 021-20707866
Yushuo Liang 021-20707892
Jie Wang 021-51595902
Yang Xu 021-51666760
Mengqi Xu 021-20707868
