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Since the Spring Festival, the terminal EAF steelmaking operating rate has been rising, and graphite electrode market demand has increased slightly. However, according to the overall market trading situation and the analysis of upstream and downstream factors, it still takes time for graphite electrode market to recover.
In the first half of February, graphite electrode market prices declined by 500 yuan/ton. During the first half of this month, UHP 600MM averaged 25250 yuan/ton, HP 500MM averaged 21250 yuan/ton, and RH 500MM averaged 18750 yuan/ton. As a result of weak supply and demand, graphite electrode manufacturers actively increase shipments after the festival to reduce inventory pressure, and make a modest price concession.
Since February, UHP graphite electrode cost has declined slightly, mainly because needle coke market price has dropped by 200 yuan/ton, petroleum-based calcined coke price range is 10000-11000 yuan/ton, and coal-based calcined coke price range is 10500-12000 yuan/ton. Due to the lower price of raw materials, UHP graphite electrode production profit has recovered from 149 yuan/ton of upside down in January to 102 yuan/ton of micro profit, but this is not enough to encourage electrode manufacturers to increase production loads. In January and February, graphite electrode operating rate remained low at 26.5%. Welcome to contact us for market information of graphite electrode.
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