Intensified supply and demand game, graphite electrode market gradually pushed up

Intensified supply and demand game, graphite electrode market gradually pushed up

At present, graphite electrode market supply and demand game atmosphere is strong. The output drops, graphite electrode market is pushed up, and the negotiation of new orders is pushed up slowly. At present, the quotation of graphite electrodes of various specifications is basically no less than 20000 yuan/ton. As of October 26, China's graphite electrode diameter 300-600mm mainstream price: Regular power was 20500-22500 yuan/ton; High power was 20500-23500 yuan/ton; Ultra high power was 2200-26500 yuan/ton; Ultra high power 700mm graphite electrode was 29000-30000 yuan/ton. Specific factors are analyzed as follows:

Ⅰ. Cost support remains, graphite electrode price is firm

In terms of cost, the pressure still exists, and the price runs at a high level. Mainstream graphite electrode enterprises said that their production mostly uses Fushun and Daqing low sulfur petroleum coke, and the price is not loose. As of October 26, the price of low sulfur petroleum coke in Fushun and Daqing remained at 750 - 7600 yuan/ton, stable compared with last week. The price of low sulfur petroleum coke in major refineries generally increased by 2000 yuan/ton compared with the beginning of the year, with a comprehensive increase of about 34.51%.

In terms of needle coke, the price increased by about 15.52% compared with the beginning of the year; Coal tar pitch also maintained a small increase in the market. As of October 26, the price increased by 32.67% compared with the beginning of the year.

According to the current price of upstream raw materials such as low sulfur petroleum coke, needle coke and coal tar pitch in the graphite electrode market, theoretically, the current graphite electrode market comprehensive cost is about 22,000 yuan/ton, the overall profit space is insufficient, and losses still exist.

Ⅱ. Graphite electrode market operating rate is insufficient, enterprise output and inventory is low

1. As of October, the supply side of the graphite electrode market continued to be limited, and downstream demand continued to be sluggish, which inhibited the production enthusiasm of graphite electrode enterprises. At the same time, in order to cope with the weak downstream demand and maintain the balance between supply and demand in the graphite electrode market, the supply side graphite electrode enterprises reduced the output, which also reduced the inventory risk. On the other hand, under the dual pressure of high costs and weak downstream demand, some small and medium-sized graphite electrode enterprises have fixed production on the basis of sales, and most of them said that they have no inventory accumulation.

2. Graphite electrode raw material price continues to be high, and the production cycle of graphite electrode is relatively long. The enterprise production cost risk is high. Some graphite electrode enterprises are cautious about purchasing high priced raw materials. A few graphite electrode enterprises mainly process each process and only keep a small amount of graphite electrode inventory.

3. The current anode material market profit is considerable, some graphite electrode enterprises transfer part of the capacity to the negative electrode, and graphite electrode market is weak as a whole.

At present, graphite electrode enterprises continue to control production and change production to reduce losses. The output of graphite electrode enterprises is still shrinking, and the supply and demand of the market are declining at the same time, which has a certain stabilizing effect on the graphite electrode market. With the improvement of the expectation of graphite electrode enterprises and the supplement of steel plants, the new graphite electrode orders' transaction price is gradually implemented. Therefore, under the supply and demand game, graphite electrode market will be stable in the short term, mainly to implement the early price. Graphite electrode market trend analysis, welcome to further communicate with us.