【Graphite Electrodes】Raw Material Prices Skyrocketing, Electrode Companies Forced to Raise Prices!

"Prices change daily"
"It's not a gradual increase, it's a straight-line surge"
"Yesterday's quoted price is already outdated, low-sulfur coke up by 1,000 RMB!"

After the holidays, petroleum coke prices have entered a frenzy, with companies issuing price hike notices one after another. It's understood that some petroleum coke and needle coke companies are about to release similar notifications.

"Cost pressure is forcing it—graphite electrodes can't hold on any longer, the price increase is inevitable!"

As a link between upstream and downstream, graphite electrode companies have become the "sandwich" in this price increase trend, bringing significant cost pressure. Before the holiday, graphite electrode companies were already struggling with losses, and now the surge in raw material prices has intensified. These companies say they can no longer absorb the costs. On February 7, leading industry players collectively raised graphite electrode prices. This price hike wave is not limited to the domestic market; international prices are also increasing. Donghai Carbon recently announced a 10% price increase for graphite electrode orders in 2025, affecting all specifications.

China's Ultra-High Power Graphite Electrode Prices on February 8, 2025

China's High Power Graphite Electrode Prices on February 8, 2025

China's Regular Power Graphite Electrode Prices on February 8, 2025

Whether these price increases will successfully be passed down to downstream steel mills depends on the recovery of downstream operations. Most electric arc furnace steel mills plan to gradually resume production from mid-February, so actual price implementation may still take some time. However, it is certain that graphite electrode prices will likely continue to rise in the first half of 2025 due to cost pressures, with limited room for decline.

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