【Graphite Electrode】Market Overview

As of June 19, 2024, prices for regular, high power, and ultra-high power graphite electrodes ranged between 13,700-22,200 CNY/ton, remaining stable compared to the previous business day. The average market price for graphite electrodes was 15,326 CNY/ton, also stable compared to the previous business day. Graphite electrode companies maintained stable production, primarily fulfilling existing orders, while those that halted production continued to clear inventory.Transactions in the graphite electrode market were sluggish, with downstream companies primarily purchasing based on immediate needs. Most transaction prices for graphite electrodes were negotiated case by case, and overall, the market prices remained stable.

Price Range:

· For 300-600mm diameter graphite electrodes:

o Regular power: 13,700-15,200 CNY/ton

o High power: 14,200-16,700 CNY/ton

o Ultra-high power: 14,700-18,700 CNY/ton

· For 700mm ultra-high power graphite electrodes: 21,200-22,200 CNY/ton

Upstream Market:

· Low-sulfur petroleum coke: Prices of petroleum coke from PetroChina's refineries in Northeast China remained stable, with downstream purchasing based on need. In the Northwest, Wuhai Petrochemical's contract-grade petroleum coke price dropped by 100 CNY/ton, while prices from other refineries remained stable. Recently, Yunnan Petrochemical produced 4B grade petroleum coke with 5.4% sulfur content.

· Low-sulfur calcined coke: The mainstream transaction price for low-sulfur calcined coke (using Jinxi and Jinzhou petroleum coke) was 3,400-3,600 CNY/ton. For low-sulfur calcined coke (using Fushun petroleum coke), the ex-factory mainstream transaction price was 4,460-4,800 CNY/ton. For low-sulfur calcined coke (using Liaohe and Binzhou Zhonghai petroleum coke), the mainstream transaction price was 3,150-3,400 CNY/ton.

· Needle coke: China's needle coke market remained stable, with enterprises maintaining steady shipments. In Shandong, a phase-one device of an oil-based needle coke enterprise had completed maintenance and was fully producing anode-specific coke, with high order volumes exceeding supply. Other manufacturers continued stable production and order fulfillment.

Downstream Market:

· Steel: Downstream steel mills were operating suboptimally, purchasing graphite electrodes mainly to replenish production consumption without any short-term stocking intentions.

Market Forecast:

Demand for graphite electrodes in the downstream market was generally moderate, with purchases based on order requirements. Overall, transactions remained stable with no significant changes in mainstream transaction focus. It is predicted that the graphite electrode market will continue to operate stably in the short term.

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