Graphite electrode latest price

 Market Price

1. Today, China's graphite electrode (450mm; High Power) market tax-inclusive spot price is stable, which is currently at 24000~25500 yuan/ton, with an average price of 24750 yuan/ton, unchanged from yesterday.

2. Today, China's graphite electrode (450mm; Ultra-high Power) market tax-inclusive spot price is stable, which is currently at 26500~28000 yuan/ton, with an average price of 27250 yuan/ton, unchanged from yesterday.

Comprehensive review

Recently, the graphite electrode market is in a stable and weak state. Under the influence of the price reduction of raw material petroleum coke, the prices of high-power (HP) and regular power (RP) electrodes are difficult to maintain strong. Some enterprises try to adjust the prices. However, as the overall market demand is still low, and most enterprises have controlled production in the early stage, there is little inventory pressure at present, so there is a wait-and-see mentality in the market.

Raw material Market

The prices of petroleum coke and coal tar pitch begin to decline. In the case of increased supply and insufficient demand, the raw material market is difficult to remain strong, HP and RP electrodes cost support is weakened, the demand is slightly cold, the enthusiasm to support prices decrease; As for needle coke, supported by the anode coke market, the enterprises generally maintain a stable quotation, and the cost of UHP electrode is still supported. Current enterprises’ prices are mainly stable.

Downstream Market

The purchasing demand of downstream plants is relatively general. Affected by the epidemic situation, profits, demand and other factors, the production commencement of steel plants has decreased, and the purchasing demand for electrodes is weak; In terms of industrial silicon, in the case of weak market, the enthusiasm of enterprises to start production has decreased, which is unfavorable to the shipment of electrode market; As for yellow phosphorus, with the arrival of wet season, the production commencement of enterprises may increase in the later stage, and the demand for electrodes may increase at that time.

Future Forecast

In the short term, petroleum coke and coal tar pitch market prices are declining, and the cost side support for electrode is weakened. However, needle coke price remains high, supporting UHP graphite products. The demand side continues to purchase on demand, which has limited positive support of electrode market. In the later stage, the high level price of HP and RP electrodes may be adjusted back and UHP electrodes will continue to maintain stable. Reading more graphite electrode news, please feel free to contact us.