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【Graphite Electrodes】Price Increase of 200 RMB/Ton

【Graphite Electrodes】Price Increase of 200 RMB/Ton

【Graphite Electrodes】Price Increase of 200 RMB/Ton


Last week, Chinese domestic ultra-high-power graphite electrode prices showed a weak trend, with small and medium sizes rising by 200 RMB/ton. The quotation for ultra-high-power graphite electrodes with a diameter of φ450 is 15,000 RMB/ton, and φ600 is quoted at 17,500 RMB/ton. Market transactions were moderate, and bidding activities for the upcoming Chinese New Year are nearing completion. 

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On the downstream side, the average operating rate of 87 independent arc furnace steel mills in China was 68.04%, a decrease of 2.12 percentage points compared to the previous period and an increase of 61.00 percentage points year-on-year. The Northwest region showed a significant decline, while the South, East, and Southwest regions saw a slight decrease, and the Central region saw a slight increase. The operating rate of 247 blast furnaces in steel mills was 76.23%, up 0.15% from the previous week and 0.26% higher year-on-year. The iron smelting capacity utilization rate of blast furnaces was 82.98%, up 0.42% from the previous week and down 0.12% year-on-year. The profit margin of steel mills was 26.41%, down 0.43% from the previous period and 0.86% year-on-year. Electric furnace profits were a loss of 195.80 RMB/ton, blast furnace profits were a loss of 353.50 RMB/ton, and the losses for steel mills intensified. Graphite electrode bidding prices mostly trended lower due to the increased losses. As the supply of ultra-high-power graphite electrodes remains low, leading to tight supply for some popular specifications, prices are showing an upward trend.

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On the raw material side, Daqing's blast furnace coke has risen by 280 RMB/ton in the past two weeks, while the price of Shandong Yida needle coke has dropped by 300 RMB/ton in the past two weeks. With recent fluctuations in raw material prices, the cost of ultra-high-power graphite electrodes is uncertain. However, as bidding activities approach completion, it is expected that the domestic prices for ultra-high-power graphite electrodes will remain stable in the short term. For more information on the graphite electrode market, feel free to communicate with us.




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