Graphite Electrode Market Price Commentary

Recently, price quotations for graphite electrodes of all specifications from Linzhang Xinhui Carbon Co., Ltd. have remained generally stable. Cost support from the raw materials sector remains robust; while petroleum coke prices are exhibiting narrow fluctuations, the market presents a bifurcated landscape-major suppliers maintain firm pricing, whereas local refineries experience only marginal price shifts. Prices for all grades of needle coke have stabilized at high levels, while coal pitch prices continue their weak, fluctuating trend, placing overall downward pressure on the general price level. Operating rates within the downstream steel industry remain high; however, with limited room for further capacity expansion, steel mills are demonstrating a strong inclination to push for lower prices. In summary, driven by persistently high raw material costs, Linzhang Xinhui Carbon Co., Ltd. remains resolute in its stance to uphold current price levels; conversely, downstream electric arc furnace (EAF) steel mills-facing thin profit margins and adopting a cautious approach toward production expansion-exhibit a clearly divergent range of acceptance regarding the current high prices for graphite electrodes.