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SMM News on June 20:
In May 2025, China's imports of artificial graphite reached 1,253 mt, up 11% MoM and 52% YoY. In terms of average import price, in May 2025, the average import price of artificial graphite in China was 43,809 yuan/mt, down 34% MoM and 42% YoY.
Data source: SMM, China Customs
In May 2025, China's exports of artificial graphite reached 52,020 mt, down 11% MoM and up 21% YoY. In terms of average export price, in May 2025, the average export price of artificial graphite in China was 8,875 yuan/mt, down 3.4% MoM and 37% YoY.
Source: SMM, China Customs
In May 2025, with the slowdown in tariff policies, domestic imports of anode materials increased significantly. Coupled with the continuous decline in raw material coke prices, domestic supply also rose, leading to an increase in anode material supply in May. The imbalance in the supply-demand pattern intensified, resulting in a decline in the average import price. Meanwhile, influenced by fierce market competition in recent years, the YoY decline in the average import price reached 42%.
In May 2025, the sharp fluctuations in coke prices earlier in the year led to the depletion of industry inventory to a low level. As a result, domestic exports of artificial graphite in May 2025 decreased by 11% MoM.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lv 021-20707875
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Jie Wang 021-51595902
Yang Xu 021-51666760
Mengqi Xu 021-20707868
