Weekly review: Graphite electrode price remained stable (10.17-10.21)

Price quotation:

This week, China's graphite electrode (450mm; high power) market average weekly price was 19,750 yuan/ton, unchanged from last week. The mainstream price was stable at 19,000-20,500 yuan/ton.

This week, China's graphite electrode (450mm; ultra-high power) market average weekly price was 21,250 yuan/ton, up 0.71% from last week, and the mainstream price was stable at 20,000-22,500 yuan/ton.

Comprehensive analysis:

This week the graphite electrode market price remains stable, because the downstream procurement demand continues to be weak, electrode enterprises are not highly motivated to produce, the current industry operating rate is still not high; Due to the lack of downstream demand, at present, enterprises are mostly engaged in transactions with long orders, and their intention to increase production is not high in the case of no improvement in demand in the later period. Low sulfur coke price has declined compared compared with the earlier stage. Due to the general downstream demand, the market transaction is weak, and the enterprise's quotation has decreased significantly; The cost of raw material tar in coal tar pitch market remains high, the deep processing operation rate continues to be low, and the market supply remains tight, and coal tar pitch price continues to be strong; Needle coke price is relatively stable, and the enterprise quotation is mostly stable in general demand. The operating rate of downstream EAF (electric arc furnace) steel has declined compared with the previous period. On the one hand, the epidemic situation has affected the raw material inventory, which is difficult to supplement. On the other hand, environmental protection and production restriction requirements in various regions have been announced in succession. In addition, it is difficult to change the loss situation of the steel plant, and the enterprise has the mentality of stopping production to reduce the loss. At present, the demand of steel mills for graphite electrode procurement remains low. Due to the lack of industrial construction, steel plants are more cautious about electrode procurement, electrode market transaction performance is weak.

Future market forecast:

In the short term, the raw material market fluctuates, and the cost side has limited influence on the electrode market; The market supply and demand are weak. There is no sign of growth in the short term, the supply and demand supported by electrodes are also weak, and electrode price is expected to continue to be stable. Electrode market follow-up report, welcome to contact us.