During the National Day holiday, graphite electrode market review

Market aspect: During the National Day, UHP graphite electrode, HP graphite electrode, and RP graphite electrode market maintained stable.

Demand aspect:The average operating rate of 85 independent EAF (electric arc furnace) steel plants in China was 61.17%, decreased by 0.91% month-on-month and increased by 5.15% year-on-year. The capacity utilization rate increased by 0.28% month-on-month and 2.19% year-on-year. The market is gradually boosted by demand release.

Cost aspect: Influenced by the low profits of steel plants, steel enterprises have been holding down prices, but the raw materials prices were strong at the stage and the cost side provided good support.

Graphite electrode market overall operation:

UHP graphite electrode: During the National Day, UHP graphite electrode price in China was stable and the operation was relatively strong. UHP graphite electrode φ450 was quoted at 21000-21500 yuan/ton, φ600 was quoted at 25000-26500 yuan/ton, and the market transactions were depressed. In terms of raw materials, needle coke price was stable, low sulfur petroleum coke price was high, and graphite electrode cost was still high. With the stricter environmental protection and high cost, the operating rate of UHP graphite electrode manufacturers continued to decline. After the festival, some steel plants may start the procurement mode with good demand. UHP graphite electrode price is expected to continue to operate stably in the short term.

HP and RP graphite electrodes: During the National Day, RP and HP graphite electrodes prices in China were stable and the operation was relatively strong. RP graphite electrode φ300-φ600 was quoted at 15000-16500 yuan/ton, while HP graphite electrode φ300-φ600 was quoted at 16500-18000 yuan/ton, and the market transactions were depressed. In terms of raw materials,needle coke price was stable, low sulfur petroleum coke price was high, and graphite electrode cost was still high. However, the market demand was weak, and the overall supply exceeds demand. Therefore, the driving force for price rise was slightly insufficient. In the short term, the supply and demand game is fierce. Under the cost side support, RP and HP graphite electrodes prices may fluctuate and become stronger. For graphite products market news after the National Day, feel free to contact us.