Graphite electrode steadily expands, special graphite begins to exert force

Performance growth may exceed market expectations

According to market analysis, the new production capacity of graphite electrode has increased, and the industry competition is increasingly fierce, the electric furnace profits fluctuate near the loss line, graphite electrode industry profitability is weakened, and the driving force for future performance growth is insufficient. The graphite electrode industry is considered to have restored the balance between supply and demand. Low cost and high-end development create profitability. Supported by the double positive factors of special graphite rapid development and graphite electrode "rank from second to first", the performance growth rate may exceed the market expectation.

Graphite electrode business "Rank from second to first"

At present, graphite electrode production capacity is 220,000 tons, with domestic and global market share of 15.3% and 9.7% respectively, has become the leading enterprise in the global graphite electrode industry. Petroleum coke is completely self-sufficient, needle coke self-sufficiency rate is high, and the cost has a strong competitive advantage. With the production of the relocated capacity of Hefei and Chengdu bases, graphite electrode capacity is expected to rise to 275,000 tons in 2025, China will become the largest graphite electrode manufacturer in the world.

Special graphite and anode materials enter a rapid development period

Special graphite materials are the key field of continuous layout, with continuous research and development investment, isostatic graphite and nuclear graphite are gradually entering the production release stage. With the listing of the New Third Board of Chengdu Carbon Materials and the issuance of GDR, the business of special graphite and anode materials will enter a rapid development period by taking advantage of the capital market. The downstream demand for special graphite and anode materials is fast growing, and the performance will enter a period of rapid rising. Follow us to learn more about graphite electrode market trend.