【Graphite Electrode】Market Outlook for May

In April, Chinese domestic ultra-high power graphite electrode market showed a weak trend, with a month-on-month decrease of 400 yuan/ton and significant industry competition pressure. What will be the market situation for graphite electrodes in May?

1. Demand: In April, the operation of electric arc furnaces and blast furnaces fluctuated, with some improvements in electric arc furnace losses. Steel demand has improved compared to the previous period, and steel profits are in a period of recovery. Entering May, the operation of blast furnaces and electric arc furnaces may be slightly favorable compared to the previous period, which may lead to a slight increase in demand for ultra-high power graphite electrodes, and the demand for graphite electrodes may increase overall. 

2. Supply: Due to adjustments in production strategies by graphite electrode manufacturers in response to downstream steel mill demand, the industry's deeply loss-making situation may be alleviated to some extent. Mutual support between supply and demand is conducive to the industry's positive development.

3. Cost: Raw material prices are temporarily stable, with weak upward sentiment due to demand constraints. The later period may maintain stable operation, and graphite electrode costs will remain stable.

Overall, Chinese domestic ultra-high power graphite electrode market in May may be stable, adapting to market demand, with profits gradually recovering. For further information on the graphite electrode industry, feel free to contact us anytime.