Weekly review: Graphite electrode price remains stable (7.4-7.8)

Price Trend:

This week, China's graphite electrode (450mm; high power) market average price was 23250 yuan/ton, down 1.69% from last week, and the mainstream price was stable at 22500-24000 yuan/ton.

This week, China's graphite electrode (450mm; ultra-high power) market average price was 25750 yuan/ton, down 1.90% from last week, and the mainstream price was stable at 25000-26500 yuan/ton.

Comprehensive review:

This week, graphite electrode price remained stable. After the early price reduction, the current market wait-and-see mentality was strong, in addition, petroleum coke has resumed its upward trend at the raw material end, enterprises' willingness to continue cutting prices is relatively limited.

1. Raw materials: Petroleum Coke performed well this week. At the beginning of the month, downstream carbon enterprises were active in purchasing and trading. Refinery quotations were also increased;

2. Coal tar pitch: With the increase of cost and the decline of supply, the enterprise confidence gradually increased. At present, the quotation remains stable under the overall consumption performance, but the price has an upward trend in the later period;

3. Needle coke: Maintain a high and strong market; In general, the raw material end provided a strong cost support for the electrode price.

4. Downstream steel plants: At present, the operation is still weak, the industry is not running well, and the production enthusiasm of enterprises is also weak. Graphite electrode consumption is not good under the condition of stopping and reducing production; Current market transactions are dominated by less rigid demand, and the overall trading performance continued to maintain the previous weak trend.

Future forecast:

In the short term, electrode prices may remain stable. The raw material cost trend is stable and strong, the cost side still supports the electrode market, and it is unlikely that the quotation of enterprises will continue to decline, however, the downstream consumption performance continues to be weak, the steel market has not improved, and the performance of electrode consumption has also continued to be depressed, lacking upward driving force. For more graphite electrode price forecast, feel free to contact us.