Electrodes: The graphite electrode market continued to rise this week, and the cost side has brought greater pressure on the electrode market. The production of enterprises is under pressure, profit margins are limited, and the price sentiment is more obvious. The prices of upstream raw materials have been raised to varying degrees. Petroleum coke and needle coke companies raised their quotations at the beginning of the month. The price of coal tar pitch remained high, and the cost of raw materials supported the price of electrodes. Due to the impact of limited power and production, graphitization processing resources are in short supply. In the case of bidding for negative electrodes and recarburizers, some companies adopt auctions, and the processing costs continue to increase, and the production costs of enterprises continue to increase. Although the high cost is the main reason for the recent rise in the price of graphite electrodes, tight market resources have also brought certain confidence to companies. The electrode market was weak in the early stage. The production enthusiasm of enterprises is not high. At present, there are relatively few spot resources in the market, which is superimposed by downstream steel mills. Entering the market one after another to stock up, deepen the motivation of enterprises to increase prices. (Source: Metal Mesh)
Post time: Nov-17-2021