Graphite electrode market overall wait-and-see at high-level (6.6-6.10)

Price: This week, China's graphite electrode (450mm; High power) market average price was 24750 yuan/ton, 2.94% lower than last week, the mainstream price stable at 24000-25500 yuan/ton. This week, China's graphite electrode (450mm; Ultra-high power) market average price was 27250 yuan/ton, unchanged from last week, the mainstream price was stable at 26500-28000 yuan/ton.

Comprehensive: This week, the overall graphite electrode market remained high, with a wait-and-see mood. In the case of declining raw material market, different voices appeared in the market recently. The quotations of mainstream enterprises mostly remained at a high level, and there has been little change in the overall market. The electrode price was mainly high and stable. The prices of raw material petroleum coke and coal tar pitch declined, and the cost end support for electrode prices weakened. However, at present, most of the finished products in the market are produced with high priced raw materials in the early stage, therefore, currently graphite electrode enterprises mostly wait and see the market, and there are few actual price adjustments. Needle coke remains strong, continue to support ultra-high power graphite electrode prices. The downstream EAF production status is general. The arrival of high temperature season makes the steel market, which has weak production enthusiasm under the weak market, further decline in production, and the terminal market demand continues to be weak. The superposition of the terminal market demand continues to be weak, and the steel plants’ enthusiasm about electrode procurement is relatively general .

Market forecast: In the short term, due to the weak supply and demand in the steel market and the impact of the high temperature season, the production enthusiasm declines, the electrode demand is relatively general, the raw material market is stabilized after reaching the bottom, the cost side will continue to support electrode market, the market holds a wait-and-see mood, the electrode price will be stable and adjusted in a narrow range in the later period. Related graphite electrode maket forecast, please feel free to contact us.