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Monthly review- Graphite Electrode Prices Continue To Rise In May 2021

Market aspect

As the domestic price of needle coke remains stable and the supply of overseas coke will be in tight in the later period, lots of leading graphite electrode manufacturers believe that the price of electrodes will remain the same or slightly fluctuate. After all, high-priced raw materials are still being produced on the production line. It is unlikely that the price of electrodes will still be affected by costs in the near future.

As of May 27, the mainstream price of UHP450mm specifications with 30% needle coke content on the market is 20500-21000 yuan/ton, an increase of 500-1000 yuan/ton from the previous month, and the mainstream price of UHP600mm electrodes remains at 25,000-27,000 yuan. /Ton, the price of UHP700mm electrode is maintained at 30000-32000 yuan/ton.

In terms of downstream demand, domestic steel prices continued to rise after May Day, and some electric furnace steel plants made nearly 800 yuan per ton of steel per ton. Even in June, the demand for steel turns weak, but as long as the electric furnace steel mills are profitable, the operating rate will remain at a relatively high level. Judging from the actual situation, the overall enthusiasm of steel mills to purchase in May is good, and some steel mills have begun to digest the inventory purchased before.

Export side

The export volume of electrodes in April was 30,200 tons, a year-on-year increase of 57.3%. With the economic recovery of major exporting countries such as Europe this year, we have learned from major electrode manufacturers and traders that the situation of domestic electrode export orders from May to June is also good, and the export situation is still optimistic.

Raw materials

In May, the ex-factory price of raw material petroleum coke continued to drop, and the price of low-sulfur calcined coke continued to fall. In May, domestic needle coke prices were relatively strong. At present, the mainstream domestic coal-based and oil-based product market prices are 8500-11000 yuan/ton. In addition, in the later period, due to the fact that overseas coal-based companies have entered a concentrated maintenance period and an oil-based company's production abnormalities, it is expected that prices will remain stable and small at the end of the second quarter.

Forecast

Petroleum coke prices have risen too quickly in the early stage, and are now gradually returning to a reasonable level. The supply of oil-based needle coke is tight in the later stage. In the short term, the supply and demand of graphite electrodes will balance, and the price will remain at the current level or fluctuate slightly.

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