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Graphite Electrode Market: Relatively Tight Market Supply

Graphite Electrode Market: Relatively Tight Market Supply

Graphite Electrode Market: Relatively Tight Market Supply

 

Graphite electrode price trend.jpg 

 

Product

Index

Regional

Price Range

Average Price

Increase/
Decrease quota

Increase/
Decrease (%)

Unit

Price Type

Graphite electrode

450mm; High power

China

19000-20500

19750

0

0

Yuan/ton

Market price

Graphite electrode

450mm; Ultra high power

China

20000-22000

21000

0

0

Yuan/ton

Market price

Price quotation:

On October 11, China's graphite electrode (450mm; high power) cash quotation (including VAT) was stable, which was currently at 19000-20500 yuan/ton, with an average price of 19750 yuan/ton, unchanged from yesterday.

 

On October 11, China's graphite electrode (450mm; ultra-high power) cash quotation (including VAT) was stable, which was currently 20000~22000 yuan/ton, with an average price of 21000 yuan/ton, unchanged from yesterday.

 

Comprehensive analysis:

Recently, graphite electrode price has remained stable. Under the conditions of production suspension and restriction and continuous loss, factories were willing to adjust and increase prices; However, due to the ongoing weakness of downstream demand, in the fourth quarter, the northern region will face production restrictions in the heating season and relevant environmental protection policies to stop production or limit production, the current production of each factory is relatively stable, and electrode overall supply continues to be tight.

 

Raw material market:

From the raw material end, petroleum coke price remained firm, and the refinery shipment was relatively stable, the production of equipment that had been reduced and maintained in the early stages has resumed, and market supply showed an increasing trend; The coal tar pitch market was temporarily stable. From the raw material end, there was no new order to follow up, but the coal tar pitch manufacturer's quotation was still high; The needle coke market was temporarily stable, the enterprise delivered goods according to demand, and the quotation fluctuated slightly. In overall, the raw material end provided supports for electrode cost.

Downstream market:

The overall downstream steel market was well performed. The continuous de-stocking of steel plants and the macro benefits brought by "the 20th National People's Congress" stimulated steel market. However, the overall demand side was still cautious and the steel market support was relatively limited. At present, the market is concerned about the fourth quarter around the environmental protection limit production, and the operating rate of the steel market may show a downward trend in the later period.

In the short term, in the case of limited production and factory independent production reduction, graphite electrode market supply is relatively tight, and the downstream steel market performs well in short term. Steel production is positive for electrode consumption, in addition, the raw material end is generally in a stable and strong operation, electrode market is well supported and the price is expected to be stable and strong. Follow us and learn about the daily report of the graphite electrode industry.


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