Graphite electrode Prices Adjust Today, The Most Significant 2,000 yuan / ton

Affected by the sharp drop in the price of petroleum coke in the previous stage, since late June, the prices of domestic RP and HP graphite electrodes have begun to decline slightly. Last week, some domestic steel plants concentrated bidding, and the trading prices of many UHP graphite electrodes have also begun to loosen. It is also the first callback since the price of graphite electrodes has maintained a slight increase since July last year.

The recent market features mainly include the following aspects:

1. After entering June, it is the domestic traditional steel market. Due to the excessive increase in steel in the first half of the year, it began to dive sharply in June. The profit rate of electric furnace steel has also fallen from the previous highest of 800 yuan/ton to zero. Some electric furnace steel plants have even begun to lose money, leading to a gradual decline in the operating rate of electric furnace steel and a decline in the purchase of graphite electrodes.

2. At present, the manufacturers of the graphite electrodes sold on the market have a certain profit. The impact of the sharp decline of the petroleum coke raw materials in the early stage will have a certain impact on the mentality of the market participants. Therefore, as long as there is a trend, the market will not lack price reductions.

Market outlook forecast:

There is not much room for price reduction of petroleum coke in the later stage. Needle coke is affected by cost and the price is relatively stable. The first-tier graphite electrode manufacturers have basically maintained full production, but the tight graphitization process in the market will continue, and processing costs will remain high. However, the production cycle of graphite electrodes is long, and with the support of high costs in the later stage, the room for the market price of graphite electrodes to fall is relatively limited.