Comprehensive cost pressure increases, graphite electrode operates stably

Current review: On May 9, 2022, domestic graphite electrode market price was strong. At present, the comprehensive cost pressure of the graphite electrode market is obvious. Raw materials prices such as low sulfur petroleum coke and needle coke still maintain strong with the support of the market demand for anode materials. Under the current high support of graphite electrode cost and high production and processing cost, the cost pressure of graphite electrode enterprises with incomplete processes is more obvious. In addition, at present the epidemic prevention control in many regions has not been relaxed, some graphite electrode enterprises reflect the transportation cost has increased. 

May 9, 2022, graphite electrode market prices:

1. UHP graphite electrode φ 450 quoted 26000-26500 yuan/ton, φ 600 quoted 28500-29500 yuan/ton;

2. HP graphite electrode φ 300-500 quoted 24000-26500 yuan/ton;

3. RP graphite electrode φ quoted 22500-24000 yuan/ton.

Market forecast: Graphite electrode market is supported by high cost, the enterprises have a strong willingness to support the price, and the market price is still rising. However, the insufficient operation of graphite electrode in downstream iron and steel plants has a negative impact on the demand for graphite electrode, and the price increase of graphite electrode is limited. Therefore, it is expected that the short-term graphite electrode price will mainly operate stably for the time being. Communicate with us to learn more about graphite electrode market analysis.