Cost support is strong, graphite electrode price rises

Market overview: On March 18, China's graphite electrode market price overall increased. This round of graphite electrode price rise is still mainly driven by cost pressure. On the one hand, the prices of needle coke and low sulfur petroleum coke, the raw materials upstream of graphite electrode, have been raised several times recently; On the other hand, the negative electrode market occupies part of the process resources such as graphitization and baking of graphite electrodes. The increase in the processing cost further increases graphite electrode enterprises' cost pressure, and the market profit space is squeezed. Graphite electrode enterprises actively raise prices to keep up with the increase of costs. 

Current price: By March 18, 2022, China's graphite electrode diameter 300-600mm mainstream price: regular power was 20000-24000 yuan/ton; High power was 22000-25000 yuan/ton; Ultra-high power was 235000-28000 yuan/ton; Ultra-high power diameter 700mm was 30000-31000 yuan/ton.

Future market forecast: In the short term, graphite electrode market supply is tight, and the positive factors still exist, however, it is reported that the terminal steel market is still not significantly warm up, steel production enthusiasm is limited, the graphite electrode purchase intention has not increased significantly, mostly purchased according to rigid demand, therefore, in the short-term graphite electrode market will gradually implement the price after the increase.   Cost pressure is expected to continue, and the overall graphite electrode market remains upward. More graphite electrode news information will be provided, feel free to contact us.