The weak demand for graphite electrodes remains unchanged, and the prices are weak and stable.

2024-07-24

Through research, it is found that the price of ultra-high power graphite electrodes, taking the diameter of 450mm as an example, ranges from 13,500 to 18,000 RMB per ton (including tax).

Raw Material Side:Recently, the price of petroleum coke has remained mostly stable with slight adjustments. Some enterprises are under pressure to sell, and refineries have made small price adjustments, both up and down. Currently, the price of needle coke is generally quoted at 7,500-8,000 RMB per ton (including tax). At present, the petroleum coke market transactions are fair, but supply and demand contradictions still exist. The downstream market purchases cautiously, and it is expected that the local coke price will remain stable in the short term.

Demand Side:Steel companies' policies are currently in a vacuum period, and steel prices are adjusting following the fundamentals. From a fundamental perspective, as we enter July, the steel market continues to exhibit off-season characteristics. The macro supply of hot metal has slightly decreased, steel companies' profits are still low or in a loss state, and some blast furnaces have stopped production or limited production. In the short term, steel companies' demand for raw materials is mainly based on rigid demand. The downstream demand is not good, and the purchase of graphite electrodes is mostly pressed for lower prices. The demand side continues to be weak.

Overall:It is expected that the short-term graphite electrode market will fluctuate slightly, and prices may fluctuate.


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