【Negative Electrode Materials】Weak Supply and Demand, No Significant Improvement

1. Current Focus:

1) In 2023, the global shipment volume of negative electrode materials reached 1.818 million tons, a year-on-year increase of 16.8%, with China's share of global shipments further increasing to 94.1%. Among them, Bettery ranked first among global negative electrode material companies with a market share of 22.74%. Specification of graphitized petroleum coke products used for producing negative electrode materials.

2) Voskhod Silicon: Silicon-based negative electrode materials have achieved mass production and shipment.

2. Current Market

Data Source: Oilchem

Mainstream negative electrode materials: Natural graphite at 40,000-42,000 yuan/ton, artificial graphite at 24,000-39,000 yuan/ton, intermediate carbon microspheres at 65,000-70,000 yuan/ton.

3. Production and Sales Dynamics

1) Supply: After the holiday, there was little change in the production of negative electrode materials manufacturers, with overall low-load operations.

2) Demand: After the holiday, demand for negative electrode materials recovered slowly, and there was no significant improvement in order volume.

4. Related Product Market

1) Petroleum Coke: Currently, the domestic petroleum coke market atmosphere remains stable overall, with mainstream individual low-sulfur coke prices slightly declining and stable trading in the refinery market.

2) Needle Coke: Downstream demand recovery is slow, needle coke trading is general, and market prices are stable with a wait-and-see attitude. Mainstream prices for calcined needle coke are between 6,500-7,800 yuan/ton, and green coke is between 4,800-5,300 yuan/ton.

5. Future Forecast

The weak supply and demand situation of negative electrode materials continues, with a strong wait-and-see sentiment and no significant changes in trading expected in the short term. Contact us for more information on the negative electrode market.