Ultra-high Power Graphite Electrode Market Declined (8.29-9.2)

Price quotation:

This week, China's graphite electrode (450mm; The weekly average market price was 19,750 yuan/ton, unchanged from last week, and the mainstream price was stable at 19000-20,500 yuan/ton.

This week's Chinese graphite electrode (450mm; UHP graphite electrode market weekly average price was 21,500 yuan/ton, unchanged from last week. The mainstream price fell from 20,500-22,500 yuan/ton at the end of last week (8.26) to 19,500-21,500 yuan/ton at the end of this week (9.2).

Comprehensive evaluation:

This week UHP graphite electrode market has been reduced, while HP and RP electrode market remains stable. As downstream demand continues to be depressed, the market trading performance is poor and the market quotes are slightly confused. At present, the quotation of some manufacturers is obviously low, the cost of raw materials is insufficient, the performance of downstream demand is weak, the overall concentration of enterprise quotation is low, and the industry loss is serious. Due to the pressure of production and operation, many enterprises began to stop production, reduce production or transfer production, and some of them transferred production capacity to produce anode materials, crucibles and other products.

 At present, the raw material side is relatively stable in general, and the low-sulfur petroleum coke drops first and then rises. The coal tar pitch cost remains firm under the favorable supply, and the trading center moves down under the insufficient demand for needle coke. On the whole, the cost end to electrode support is limited. Downstream procurement demand continues to be weak, steel plants under the influence of high temperature power rationing and weak transaction starts are always low, silicon metal, yellow phosphorus and other enterprises are also affected by low cold start demand, the overal downstream industry is weak, which is difficult to provide support for electrode market.

In the short term, the cost end to electrode market support is limited, the loss situation of the electrode market is difficult to change; The demand for downstream procurement continues to be cold, and it is difficult to provide support for the electrode market in the case of weak transactions; At present, the weak mentality of enterprises is difficult to change, and it is expected that the market will continue to be weak. Follow us to read more graphite electrode market reports.