Needle coke price increase in July, downstream graphite electrode rose by 20%

Needle coke price increase in July,
downstream graphite electrode rose by 20%

As the price of iron ore continues to rise, the cost of blast furnace steelmaking will continue to rise, and the cost advantage of electric furnace steelmaking with scrap steel as raw material is reflected.

Today's Importance:

It was reported on June 16 that the price of UHP600 in the Graphite electrode market in India will increase from Rs 290,000 to Rs 340,000 per tonne from July to September 21. The price of HP450mm electrodes is expected to rise from the current Price of rs. 225,000/T to rs. 275,000/T (an increase of 22%).

It is reported that the main reason for the price increase is the cost of imported needle coke rising from the current $1,500-1,800/ton to more than $2,000/ton in July 21, the price increase will be in the range of 11% to 33%, or even higher.

The recent trend of main iron ore futures is relatively strong, with the closing price of 1,197 yuan/ton on the 16th, up more than 20% compared with the price on May 27. As the price of iron ore continues to rise, the cost of blast furnace steelmaking will continue to rise, and the cost advantage of electric furnace steelmaking with scrap steel as raw material is reflected.

According to the research report, the increase in the proportion of electric furnace steel will greatly increase the demand for scrap steel and graphite electrodes. In addition, the current production capacity of graphite electrode should also be considered, because in the past few years, the production capacity of graphite electrode has been greatly improved. Under the environmental protection policies such as carbon neutralization, some small and medium-sized enterprises will withdraw, and the industry pattern is expected to be optimized，talk with us for more graphite market information.