Year of the Tiger has started well, graphite electrode is ready to rise

On the year of the tiger's first opening day, the domestic graphite electrode price is mainly stable. The mainstream price of UHP450mm specification with 30% needle coke content in the market is 21,500-22,000 yuan/ton, the mainstream price of UHP600mm specification is 25,000-26,000 yuan/ton, and the price of UHP700mm is 29,000-30,000 yuan/ton.

Graphite electrode price index

In view of the comprehensive impact of international oil price over $92 during the Spring Festival, the good start of the steel market and the expectation of graphitization capacity diversion, electrode manufacturers are generally cautious and optimistic about the future market. Some manufacturers are planning to increase the ex-factory price, which is expected to range from 10,000-20,000 yuan/ton, and even individual manufacturers began to suspend orders.

From the perspective of supply and demand, during the festival, most of the first echelon graphite electrode factories are in normal production and execute early orders; Some manufacturers in the second echelon have limited production by 20%-30% due to holidays, epidemic and other factors; Some small manufacturers are still out of production. Since most independent electric furnace steel plants will not resume production until  the lantern festival, coupled with the impact of the Winter Olympics production restriction of some long process steel plants in the north, it is expected that the market demand will really pick up in March, and the graphite electrode price is expected to expand at that time, for more graphite electrode market news contact us.