News flash: domestic graphite electrode prices rise

Recently, domestic graphite electrode price has increased by 500-1000 yuan/ton compared with that before the Spring Festival. As of press time, ultra-high power graphite electrode φ 450 quotation was 22,000-22,500 yuan/ton, φ 600 quotation was 25,000-26,200 yuan/ton; High power graphite electrode φ 300-500 quotation was 21,000-22,500 yuan/ton, regular power graphite electrode φ 300-500 quotation was 19,500-21,000 yuan/ton, the turnover increased, and the bullish mood was strong.

In terms of downstream, 71 independent EAF steel plants, with an average operating rate of 15.63%, a month-on-month increase of 12.05% and a year-on-year increase of 1.9%. Among them, the northwest and southwest regions increased significantly, the east and central regions showed a slight upward trend, and the rest regions remained flat. The rise of EAF operation is good for supporting the domestic graphite electrode market, and with the rise in the price of graphite electrode, it will promote the downstream procurement to a certain extent.

In terms of raw materials, Jinxi petroleum coke price increased by 300 yuan/ton this week. Needle coke is stable and strong, the cost continues to be pressurized, graphite electrode market may continue to be strong in the short term，reading further market news of graphite electrode contact us.