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Research indicates that the price of ultra-high power (UHP) graphite electrodes with a diameter of 450mm ranges from 14,000 to 18,000 RMB/ton (including tax).
Raw Material Side: The petroleum coke market sees moderate trading, with prices mostly stable with slight adjustments. The needle coke market has a general supply, with some small and medium enterprises producing based on sales, maintaining a good short-term market supply. However, the production enthusiasm among graphite electrode enterprises is low, with some reducing or halting production to cope with sluggish demand.
Demand Side: In recent years, a series of regulations and policies have been implemented, rapidly promoting technological innovation in graphite electrodes and gradually phasing out outdated production capacities. Additionally, domestic steel prices remain relatively low, leading to low profits or losses for many steel companies. As a result, some steel enterprises have begun halting production for maintenance, potentially further reducing raw material procurement demand.
Outlook: With the increasing number of large-capacity UHP electric arc furnaces in China, large-diameter UHP graphite electrodes are expected to be the future development trend. However, prices are likely to remain flat in the short term.
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Procurement Context
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