【Graphite Electrodes】Late August Price Briefing

Market Overview

As of August 26, 2024, the price range for regular, high-power, and ultra-high-power graphite electrodes was 13,700-21,900 yuan/ton, remaining stable compared to the previous working day. The average market price for graphite electrodes stood at 15,313 yuan/ton. Production remains steady, with companies producing according to orders to avoid inventory buildup. However, the market is pressured by low-priced resources and weak downstream demand, leading to subdued market activity.

Current Price Range

· Diameter 300-600mm Graphite Electrodes:

o Regular Power: 13,700-15,200 yuan/ton

o High Power: 14,200-16,700 yuan/ton

o Ultra-High Power: 14,700-18,400 yuan/ton

· Ultra-High Power 700mm Graphite Electrodes: 21,200-21,900 yuan/ton

Market Prices

Upstream Market

· Low-Sulfur Petroleum Coke: Stable trading across PetroChina refineries, with slight improvements in sales after previous price declines in the Northeast. Daguang Petrochemical in North China maintains stable pricing. In South China, Yunnan Petrochemical is primarily producing high-sulfur coke for internal use. Urumqi Petrochemical in Northwest China reduced 1A grade coke prices by 70 yuan/ton.

· Low-Sulfur Calcined Coke:

o Jinxi/Jinzhou Petroleum Coke: 3,050-3,300 yuan/ton

o Fushun Petroleum Coke: 3,500-3,725 yuan/ton

o Liaohe/Binzhou CNOOC Petroleum Coke: around 2,900 yuan/ton

· Needle Coke: The market remains sluggish, with companies mainly fulfilling existing orders. Demand is lackluster, with most orders coming from major anode material producers.

Downstream Market

Steel: Steel mills continue to operate at low capacity, limiting graphite electrode consumption and resulting in fewer tenders.

Market Outlook

The graphite electrode market remains weak and stable, with production adjusted according to demand. Prices are expected to remain steady in the short term.

(Source: Baiinfo)

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