Graphite Electrode Market weekly Report (January 5, 2023)

Chinese graphite electrode price remained stable as whole this week. The mainstream prices are as below:

300-600mm diameter  

RP grade:RMB21500 - RMB23500 

HP grade:    RMB21500 - RMB24500 

UHP grade:   RMB23000 - RMB27500

UHP700mm:  RMB30000- RMB31000

 The graphite electrode market continued to be weak this week. The demand of graphite electrode market continues to be weak, which is bad for market trading, and the market price operation is slightly chaotic. At present, the cost price of the graphite electrode market has declined, but some graphite electrode enterprises have a certain amount of inventory of high priced raw materials in the early stage, and near the Spring Festival, the enterprises are considering the return of funds and other concessions, resulting in a certain difference in the current transaction price of the graphite electrode market.

Cost: The cost of graphite electrode in China fell this week, especially low sulfur petroleum coke. The price of needle coke continued to run strongly; The price of coal tar pitch remained stable at a high level; In terms of low sulfur petroleum coke, the price of Fushun and Daqing low sulfur petroleum coke continued to decline this week. However, some graphite electrode enterprises have a certain inventory of high priced raw materials in the early stage, and there is still pressure on the cost side of the graphite electrode market.

Profit:The overall profit margin of China’s graphite electrode market is insufficient this week. Taking into account that the cost of graphite electrode is increased at a high level, the downstream demand for graphite electrode is insufficient, the market price of graphite electrode is stable and weak, and the overall profit of the graphite electrode market is insufficient.

Expectation:The production of graphite electrode enterprises and downstream steel plants is negative, and the market continues to maintain the current state of weak supply and demand. Under the limitation of weak demand, the price of graphite electrode cannot rise. With the relief of the current cost pressure, the price of graphite electrode actually fell by 500-1000 yuan/ton.

 


Post time: Jan-05-2023