2022/8/8 to 2022/8/12, ultra-high power graphite electrode price decreased slightly

Price quotation:

This week, China's graphite electrode (450mm; high power) market average price was 19750 yuan/ton, down 4.82% compared with last week, and the mainstream price was stable at 19000-20500 yuan/ton.

This week, China's graphite electrode (450mm; ultra-high power) market average  price was 21750 yuan/ton, down 4.81% compared with last week. The mainstream price fell from 21000-23000 yuan/ton at the end of last week (August 5) to 20500-22500 yuan/ton at the end of this week (August 12).

Comprehensive analysis：

This week, ultra-high power graphite electrode price decreased slightly, while regular power and high power electrode prices remained stable. At present, the market price has reached a low level, electrode manufacturers are in a state of loss, although some enterprises are unwilling to continuously lower their prices, they also adjust their prices with the weak overall market. As the market situation continues to be weak, at present, some enterprises are no longer shipping at low prices, and factories' production is reduced when the demand is weak. The overall circulation of the electrode market is relatively insufficient. In terms of raw materials, petroleum coke market is relatively stable, some enterprises' needle coke quotations are temporarily stable, coal tar pitch market is relatively strong. However, the above does not bring much benefit to the overall cost of graphite electrode. The operation rate of the downstream electric furnace steel increased slightly, the influence of the off-season gradually weakened, and the consumption side also rebounded. However, under the environment of unchanged steel production reduction policy, the growth of steel plant construction is limited, and the growth of electrode demand is also limited.

Future forecast:

In the short term, the overall operation of the raw material market is general, and the support for the electrode cost is limited. Although the start-up of the downstream electric furnace steel has increased slightly, there is still a lack of continuous support for electrode demand; The short-term market will continue to be in a weak supply and demand situation, but in the case of enterprise losses, there is limited room for further price reduction. Therefore, the electrode market is expected to be stable and weak in the short term. Reading more graphite electrode market reports, feel free to contact us.