Weak demand，graphite electrode market remains strong

Current review: On May 11, the domestic graphite electrode market price remained stable. The current graphite electrode market supply is weak, and graphite electrode plants’ producing operation is inadequate. Enterprises generally reflect that the inventory pressure is less, and some enterprises control production and set output according to demand. The weak supply side of the market is favorable to the graphite electrode market. The quotation of enterprises is firm and there is an upward trend. 

May 11, 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 300-500 quoted 22500-24000 yuan/ton.

Market forecast: Under the influence of graphite electrode high production costs, most of the enterprises are bullish on market prices and quote strongly. However, the weak demand of graphite electrode forces the market price to rise. In general,  graphite electrode price is mainly stable in the short term. For more news and guidance on the graphite electrode market, please contact us.