Mysteel News: China's ultra-high power graphite electrode price remains stable

The price of China's ultra-high power graphite electrode remained stable this week, φ 450 quotation is 22000-22500 yuan/ton, φ 600  quotation is 25500-27000 yuan/ton, and market trading is flat.

In terms of downstream, China's 85 independent EAF steel plants average operating rate is 60.06%, down 1.41% month on month and 5.13% year on year, with a slight increase in North China and Southwest China and a slight decrease in Central China. The blast furnace operation rate of China's 247 steel plants is 75.97%, up 0.07% month on month and 7.97% year on year; The blast furnace ironmaking capacity utilization rate is 82.64%, an increase of 0.63% month on month and 8.36% year on year; The profit rate of steel plant is 21.65%, down 0.87% month on month and 59.74% year on year. This week, the electric furnace operating rate continues to decline, and electric furnace plants in some regions have entered the Spring Festival holiday, which is unfavorable to the price rise of ultra-high power graphite electrode.

In terms of raw materials, Daqing petroleum coke price dropped by 100 yuan/ton, Jinxi petroleum coke operated steadily, and raw material prices continue to be affected by negative factors. The demand for raw materials and downstream is weak, and the ultra-high power graphite electrode price is expected to remain stable in the short term. Pay attention to graphite electrode products market news, welcome to communicate with us directly.