The price increase horn has sounded, and the golden autumn market for graphite electrodes has officially started!

From the perspective of raw materials, the needle coke market has maintained a stable operating trend, and companies are generally actively executing existing orders. At the same time, individual petcoke resource prices have experienced a slight correction, but the overall support from upstream raw material prices is still strong, providing stable raw material guarantee for the production of graphite electrodes. On the supply side, the output of graphite electrode manufacturers did not fluctuate significantly this week. Most companies choose to maintain the existing production rhythm to ensure the stability of product quality and continuity of supply. On the demand side, the construction steel market saw a significant rebound this week. As the profits of steel mills recover, the output of some electric arc furnace companies continues to rebound significantly. From a macro policy perspective, continued policies have provided strong support for the sharp rise in steel prices. This wave of rising steel prices has unleashed steel mills' demand for graphite electrode replenishment. Driven by the dual drive of good destocking and improved profits, steel mills have brought significant positive effects to the graphite electrode market. In addition, there are many good news for the graphite electrode market recently: 1. Increased demand in the construction industry: As the National Day approaches, the construction industry may experience a rush to work, resulting in short-term incremental demand for steel. In addition, real estate policy adjustments, such as lowering existing mortgage interest rates and adjusting the down payment ratio for second-home loans, have also effectively stimulated the recovery of the real estate market. The recovery of the real estate market has in turn driven the growth in demand for building materials products such as graphite electrodes. 2. Increase in manufacturing demand: Demand in major steel consumption areas such as machinery manufacturing and automobile manufacturing is also gradually increasing. In particular, the development of the automobile industry and the growing demand for steel in the new energy automobile industry have provided strong support for the recovery of steel prices. The rapid development of these manufacturing industries has not only promoted the prosperity of the steel market, but also driven the market demand for graphite electrodes and other related products. 3. A sharp rebound in export volume: According to data, China's graphite electrode export volume in August was 29,400 tons, an increase of 60.13% month-on-month and a year-on-year increase of 22.43%. Recently, foreign steel mills have ended their summer break and are preparing to resume production, and their demand for graphite electrodes has increased significantly. 4. Optimism about future expectations: Recently, investors and market participants have become increasingly optimistic about the future expectations of the steel industry. This optimism continues to spread in the market, attracting more funds to enter the steel market. The influx of funds has further pushed up the price of steel, which will lead to a recovery in demand for graphite electrodes.