This week, China’s UHP and HP graphite electrodes were generally stable, and the price of RP graphite electrodes rose slightly.

Graphite electrode market aspect

Affected by the recent continuous increase in the price of petroleum coke, the graphite electrode factory has made a tentative increase in the price of RP graphite electrode by 500 yuan/ton, but some manufacturers have not moved, and the high-power and ultra-high-power graphite electrode prices remain unchanged in the previous period. It is currently in the low season of the steel market and market demand is relatively weak. Therefore, manufacturers mainly wait and see, but steel mills have generally low inventories. Most manufacturers have basically digested their previous inventory and started on-demand procurement.

The recent repeated outbreaks of domestic epidemics have brought some uncertainties to the market outlook. As of August 05, the mainstream price of UHP450mm graphite electrode with 30% needle coke content on the market is 19,500-20,000 yuan/ton, the mainstream price of UHP600mm graphite electrode is 24,000-26,000 yuan/ton, and the price of UHP700mm graphite electrode is 28,000-30000 yuan/ton.

Raw materials of graphite electrode

Domestic petroleum coke prices continued to rise this week. Daqing Petrochemical’s coking plant was temporarily suspended for about 11 days before, and normal production has resumed this week. As of July 29, Fushun Petrochemical’s 1#A petroleum coke was quoted at 3900 yuan/ton, compared to last week. The price of low-sulfur calcined coke was raised to RMB 5500-5600/ton. Domestic needle coke quotations have not changed much this week, but there is an upward trend. At present, the mainstream quotations of domestic coal-based and oil-based products are 8000-11000 yuan/ton.

Steel plant aspect

This week, domestic steel prices are mainly volatile. Although market transactions have not improved significantly, the market has disputes over whether the steel industry is a sports carbon reduction. The wait-and-see sentiment has increased.

Recently, major projects in Guangdong, Hubei, Anhui and other places have started intensively. Electric furnace power curtailment in Guizhou is basically over; Guangdong, Guangdong and Sichuan are still more obvious. As of August 05, the capacity utilization rate of 92 independent electric furnace steel plants was 70.04%%, a decrease of 1.5% from last week.

The recent continuous rise in the price of raw materials has played a certain supporting role in the price of graphite electrodes in the future. However, the repeated epidemic situation has filled the market with uncertainties. In the short term, the price of graphite electrodes will remain stable.

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