Graphite electrode market gradually stabilized and downstream demand improved

This week, the graphite electrode market continued to stabilize. The prices of upstream raw materials needle coke and petroleum coke were strong. The cost has little impact on the graphite electrode market. The steel market has entered the traditional peak season. Enterprise staff said that the week shipment is better than the previous period. With the arrival of the Mid Autumn Festival, downstream steel plants are willing to replenish inventory. Therefore, the demand has improved and the graphite electrode market has remained stable.

This week, the supply side of graphite electrode market stabilized. Some graphite electrode enterprises have adjusted the demand structure and converted the graphite electrode capacity into cathode capacity or cathode processing trade. Some graphite electrode enterprises that have reduced production have plans to increase production. Although the enterprises that switch to cathode production still have graphite electrode inventory consumption, they are unwilling to ship at a low price because of the low market price and wait for the market situation.

This week, the graphite electrode market is still mainly in demand. Graphite electrode market demand side has slightly improved. The steel market is about to enter the traditional peak season.

This week, the cost side of the graphite electrode market has not changed much. In terms of low sulfur petroleum coke, Fushun and Daqing refineries coke price is kept at 7200 yuan/ton, and Jinxi refinery current coke price is 7100 yuan/ton; The price of needle coke and cooked coke remained high and stable, and graphite electrode cost was stable in the short term.

This week, the inventory pressure of graphite electrode market is acceptable. The manufacturers can only guarantee the orders of old customers. In the case of most graphite electrode enterprises reducing production, the accumulation of graphite electrode market inventory is limited; Some enterprises said that production in the first half of the year continued to be limited. At present, there are still early-stage contracts that have not been completed and there is no excess inventory. 

Graphite electrode enterprises continued to reduce production in August. With the both reduction of graphite electrode enterprise inventory and social inventory, the contraction of the supply side may be beneficial to the future market of graphite electrode. The downstream steel market has gradually entered the traditional peak demand season, and the demand has slowly rebounded. Graphite electrode prices are expect to rise in the short term. More news about graphite electrode market, welcome your contact.