Game between upstream & downstream intensified, graphite electrode market remained wait-and-see

This week, graphite electrode market is in a weak balance. The upstream raw material low sulfur petroleum coke price stabilizes, and graphite electrode enterprises’ quotations are strong. However, the operation of downstream EAF steel plants is still insufficient, the terminal steel market is in the off-season, the demand side of graphite electrode market continues to be weak. In general, the game between the supply side and the demand side of the market still exists, graphite electrode market price is weak and stable.

This week, China's graphite electrode cost is still high. The overall market cost remains stable, low sulfur petroleum coke price has stopped falling and stabilized, needle coke price maintains a high level, and the coal tar pitch market is deadlocked and the price remains stable. In short term, graphite electrode cost side can still support.

This week, the inventory pressure of China's graphite electrode market is low. Basically, the production of graphite electrode enterprises is determined by sales and enterprises reflect that there is no inventory accumulation at present. The production of individual small and medium-sized graphite electrode enterprises is always weak, and enterprises mainly consume semi-finished graphite electrode inventory.

At present, the overall wait-and-see mood in graphite electrode market is still obvious, the cost side is stabilized, enterprises still maintain the price support mood, while the downstream demand is still weak, affecting the graphite electrode market mentality. Generally speaking, in the short term, the mainstream graphite electrode enterprises’ quotation will be mainly stable. For the current market reports of Graphite electrode, please contact us.