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Latest Graphite Electrode Price (2021.6)

China domestic graphite electrode market price continued to stabilize this week. Since June is the traditional off-season in the steel market, the demand for graphite electrode purchases has decreased, and the overall market transaction appears relatively light. However, affected by the cost of raw materials, the price of high-power and ultra-high-power graphite electrodes is still stable.

The market has continued to have good news this week. The spokesperson of the relevant Iranian department said that it has reached a major agreement with the United States: The United States will lift the sanctions on all Iranian industries including energy during the Trump period. The removal of sanctions may benefit the export of domestic electrodes. Although it is impossible to achieve this in the third quarter, the export market will definitely change in the fourth quarter or next year. Secondly, in the third quarter of the Indian market, the overseas oil-based needle coke will be adjusted from the current US$1500-1800/ton to more than US$2000/ton. In the second half of the year, the supply of overseas oil-based needle coke is tight, and it seems that it has not only affected the domestic market, so it will play a certain role in supporting the stability of electrode prices in the later period.

As of this Thursday, the mainstream price of UHP450mm specifications with 30% needle coke content on the market is 20,500-21,000 yuan/ton, the mainstream price of UHP600mm specifications remains at 25,000-27,000 yuan/ton, and the price of UHP700mm remains at 30,000-32,000 yuan/ton.

The raw material market continues to be stable this week, and the price of needle coke is steadily rising.

This week, domestic steel prices fluctuated and fell by 70-80 yuan/ton. Relevant regions have further increased their efforts to control energy consumption and ensure the completion of the annual energy consumption targets in the region. Recently, electric furnace steel in Guangdong, Yunnan and Zhejiang Plants have encountered production restrictions successively. The output of electric furnace steel has declined for 5 consecutive weeks, and the operating rate of electric furnace steel has dropped to 79%. At present, some domestic independent electric furnace steel mills are already at a break-even point. Coupled with sales pressure,The short-term production intensity is expected to continue to increase, and scrap steel prices will have greater resistance to rising. As of this Thursday, taking Jiangsu electric furnace as an example, the profit of electric furnace steel is -7 yuan/ton.

Market  Forecast

Petroleum coke prices are showing signs of stabilization. Needle coke market prices will mainly stabilize and rise, and the operating rate of electric furnace steel will show a slow downward trend, but it will still be higher than the level of the same period last year. In the short term, the market price of graphite electrodes will continue to be stable.

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