[Graphite Electricity] Ninemoto Pressure Increase, Many Graphite Electric Enterprises Are On The Rise

In the middle of August, the trend of many Graphite Electrode Enterprises increasing, the main reason is the rise in the price of raw materials, leading Graphite Electrode Enterprises to increase the main pressure, the first half of theGraphite Electrode Enterprises are in a recession, the majority of Graphite Electrode Enterprises are on the rise. Price. In addition, there is a small part of the Graphite Electrode Enterprises, which guarantees low-cost trading and low-resource resources. On August 16, 2023, mainstream price of graphite electrode diameter 300-600mm in China :  regual power 16000-17500 RMB/Ton; high power 16000-18500 RMB/Ton; ultra high rate 17000-20500 RMB/Ton; ultra high power 700mm Graphite electrode 23500-24500 RMB/Ton.

 

                                                              

 

                                                                                         [From the perspective of cost]

 

The cost pressure of Graphite electrode increases. The price of petroleum coke from a refinery in Northeast China as raw material for graphite electrodes is 3950 RMB/Ton; low-sulfur calcined coke (petroleum coke from a refinery in Northeast China as raw material) market mainstream transactions are 4200-4500 RMB/Ton; needle coke market quotations in early August Affected by the continuous rise in the price of raw material oil slurry, the cost of oil-based needle coke continued to rise, and some oil-based coke companies began to increase their quotations by 300-500 RMB/Ton; the average price of reformed coal tar pitch was 5,236 RMB/Ton, compared with Up 12.60% last month. Calculated based on the current prices of low-sulfur petroleum coke, coal tar pitch, and needle coke in the graphite electrode market, theoretically the production cost of the graphite electrode market remains at 18,000 RMB/Ton, and the order price of the graphite electrode market is lower than the cost side, and graphite electrode companies are in a loss situation continued.

 

                                                                                         [From the perspective of cost]        

 

From July to August, the terminal steel market is in the off-season, and the enthusiasm of electric furnace steel enterprises to start work is average. As a result, the demand for graphite electrodes is lower than expected. Enterprises are still in the mood to lower prices, and graphite electrode companies lack the right to speak on prices, so there is some resistance in the graphite electrode market to push up prices.

 

                                                                                          [Forecast of  the later market]

 

In terms of demand, electric furnace steel enterprises have stock reserves for September, or the demand for raw materials has increased, which is good for graphite electrode shipments. In the long run, the graphite electrode market is expected to stabilize and improve. On the supply side, the graphite electrode market has gone through the inventory consumption in the early stage, and at the same time, the graphite electrode has started to operate at a low level. It is expected that the supply side will be well supported, and the graphite electrode market may increase by 500-1000 RMB/Ton in the later period.