Graphite electrode market review in May 

This month, graphite electrode market quotation continued to be strong. Under the high-level operation of upstream raw material end, graphite electrode production cost was under great pressure. At the end of the month, petroleum coke and needle coke market remained stable, and graphite electrode price kept stable. 

Early this month

In terms of raw material production, low sulfur calcined coke, taking Jinxi Petrochemical low sulfur calcined coke as an example, the price continued to rise in May; In terms of coal tar pitch, the supply side of raw material coal tar market was still good, and the market has a strong price pushing sentiment; In addition, the graphitization cost was at a high level in May, and the overall cost strongly supported the electrode market price.

Late this month

The raw material end petroleum coke, needle coke prices remained stable, and some petroleum coke prices dropped sharply, but coke prices stopped falling at the end of the month to maintain stability. At the same time, the port coke volume has certain impact on domestic petroleum coke market, the petroleum coke supply will increase, and graphite electrode production cost will stabilize. In terms of downstream electric furnace steelmaking, the steel market performance did not meet expectations, the profit space was compressed, the steel plants’ production enthusiasm was declined, and the demand for graphite electrodes was tightened, forming a negative situation.

Overall, the graphite electrode market may remain stable in the short term, and there is no lack of possibility of weak consolidation. Contact us to know more about GE future market.