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【Graphite Electrode】Price Surge Continues: Rising Raw Material Costs and Increasing Demand

【Graphite Electrode】Price Surge Continues: Rising Raw Material Costs and Increasing Demand




【Graphite Electrode】Price Surge Continues: Rising Raw Material Costs and Increasing Demand

 

Recently, driven by the continuous rise in raw material petroleum coke prices, the supply of ultra-high power (UHP) small-size electrodes has tightened. Multiple graphite electrode companies have successively raised their product prices, with UHP small-size electrode prices increasing by 500 RMB/ton.

 Ultra-high power (UHP) graphite electrodes prices.png

On the downstream side, with the arrival of spring, domestic steel plants have gradually entered their production season, leading to growing demand for graphite electrodes. In the short term, UHP small-size graphite electrode prices are expected to remain strong.

GrafTech, a leading U.S. graphite electrode producer, recently released its operating data for Q4 2024. The company's graphite electrode output reached 25,100 tons, up 12.93% quarter-on-quarter, while sales hit their highest level since 2023.

From an order perspective, the long-term contract volume of graphite electrodes has seen slight growth for two consecutive quarters, indicating that the current market may be approaching its bottom, with downstream demand beginning to recover. Moreover, GrafTech announced plans to raise prices by 15% for contracts yet to be signed in 2025.

Graphite electrode long-term contract price and spot price.png

As a crucial link between upstream and downstream industries, graphite electrode manufacturers are feeling the squeeze from both sides. This ongoing price surge has imposed significant cost pressures on these companies. Prior to the Lunar New Year holiday, many graphite electrode companies were already struggling with losses. Now, with the raw material price wave intensifying, these manufacturers are expressing that they can no longer bear the burden.


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.



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