SMM, January 23:
This week, anode prices remained stable. Cost side, as anode material producers were still in the stockpiling stage and the previous inventory of low-sulphur petroleum coke was relatively low, the price of low-sulphur petroleum coke continued to rise this week. In contrast, the demand for oil-based needle coke from anode producers was relatively low, and the operating rate of needle coke producers remained at a low level. Under this weak supply and demand situation, needle coke prices remained stable this week. Graphitisation electricity costs were still high, coupled with integrated development, leading to sluggish outsourced graphitisation demand. The overall market remained in oversupply, and graphitisation prices stayed stable this week. Demand side, as the Chinese New Year approached, downstream demand slightly recovered. With the holiday nearing, in the context of declining market demand and still high production costs, anode producers showed a strong sentiment to stand firm on quotes. It is expected that anode material prices will remain stable in the near 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
