Recently, the price of graphite electrode has increased. As of February 16,2022, the average price of graphite electrode market in China was 20,818 yuan / ton, up 5.17% higher compared with the price at the beginning of the year and 44.48% higher compared with the same period of last year.The main influencing factors of the graphite electrode market price rise is as follows:
The upstream raw material price of graphite electrode has been increased, the cost pressure of graphite electrode continues to increase, and the demand of enterprises has increased significantly.
The price of low sulfur petroleum coke increased sharply. By February 16, the average price of low sulfur petroleum coke was 6175 yuan / ton, up about 15% from early January. With the upward price of low sulfur petroleum coke, the market price of low sulfur calcination in Fushun and Daqing has increased to 9200-9800 yuan / ton; needle coke has maintained a high price after the Spring Festival. By February 16, the average price of needle coke was about 10292 yuan / ton, or about 1.55% compared with the beginning of January.
The market trading of negative electrode materials performed well, with certain support for low-price of sulfur petroleum coke, needle coke and graphitization price, and squeezing some graphite electrode Graphite production capacity, limiting the production of some non-complete process graphite electrode enterprises to a certain extent.
Graphite electrode enterprises in Henan, Hebei, Shanxi, Shandong and other regions are all under environmental protection control of the Winter Olympic Games, and enterprises have been greatly affected by their production restrictions. Some enterprises have stopped production and are basically expected to resume production by the end of February or early mid-March.The overall market of graphite electrodes is insufficient, and the supply of some specifications of graphite electrodes has been significantly tight.
The downstream steel mills of graphite electrodes are in a restored state, and limited by the Winter Olympics and the crude steel output before the Spring Festival, the stock of graphite electrodes is insufficient than in previous years. With the resumption of steel mills, the demand for graphite electrodes is good.
To sum up, driven by the good demand, tight supply and high cost, the graphite electrode market price is still bullish expected, which is expected to increase by about 2000 yuan / ton.
Post time: Feb-17-2022