【Graphite Electrodes】Increase in Export Orders!

Market Summary

As of September 29, 2024, prices for regular, high-power, and ultra-high-power graphite electrodes remain stable at 13,200-21,900 CNY/ton, the same as the previous working day. The average market price of graphite electrodes is 15,063 CNY/ton, also unchanged. Despite stable prices, some low-priced resources are still available in the market, and high upstream costs continue to pressure the industry. With limited downstream purchasing power, pushing prices higher remains challenging. On the export front, orders from certain regions have recently improved, and demand for specific graphite electrode specifications has significantly increased. Overall, the graphite electrode market remains stable.

Main Specifications Market Transaction Prices

Mainstream prices for 300-600mm graphite electrodes are:

• Regular Power: 13,200-15,200 CNY/ton

• High Power: 13,700-16,700 CNY/ton

• Ultra High Power: 14,200-18,400 CNY/ton

• Ultra High Power (700mm): 20,700-21,900 CNY/ton

Upstream Market

· Low-Sulfur Petroleum Coke: Prices at PetroChina refineries remain stable. Low-sulfur coke sales in the Northeast and North China regions are based on demand. Dagang Petrochemical and Liaohe Petrochemical have initiated tenders, and production at Lanzhou Petrochemical in the Northwest has resumed after maintenance. Refineries in Xinjiang are maintaining stable trading, with carbon sales mainly for aluminum and silicon.

· Low-Sulfur Calcined Coke: Mainstream transaction prices for calcined coke using Jinxi and Jinzhou petroleum coke are 3,100-3,200 CNY/ton, while those using Fushun petroleum coke are 3,500-3,850 CNY/ton. Prices for calcined coke based on Liaohe and Binzhou Zhonghai petroleum coke are around 2,850-3,050 CNY/ton.

· Needle Coke: The Chinese needle coke market is stable, with leading enterprises fulfilling existing orders. Market feedback indicates that downstream buyers are mainly purchasing raw materials based on actual needs, and needle coke manufacturers have moderate order backlogs. Due to weak end-user demand, new orders are limited, and overall needle coke prices remain stagnant.

Demand

· Steel: Inquiries have slightly improved due to the upcoming National Day holiday, but actual transactions have fallen short of expectations. Steel mills are still mainly purchasing based on immediate needs.

Market Outlook

Recently, some companies have seen an increase in export orders. To balance domestic and international sales, prices for certain specifications of electrodes have slightly risen as production shifts to focus on export-demand products. Domestically, the market remains calm, and the graphite electrode market is expected to remain stable in the short term.

Feel free to contact us anytime for more information about the Graphite Electrodes market. Our team is dedicated to providing you with in-depth insights and customized assistance based on your needs. Whether you have questions about product specifications, market trends, or pricing, we are here to help.