The National Day Holiday Drives Downstream Stocking, And Graphite Electrodes Start A Rebound Journey

In September, domestic graphite electrode prices stopped falling and rebounded, showing a certain recovery. Market inquiries began to increase, and electrode manufacturers uniformly raised their quotations. As of the end of September, the mainstream quotations of UHP450mm specification with a needle coke content of 30% in the market are 20,000-21,000 yuan/ton, the mainstream quotation of UHP600mm specification is 24,000-25,000 yuan/ton, and the UHP700mm specification is 27,500-28,500 yuan/ton, compared with the end of August. It increased by about 1,500 yuan, and the actual transaction of some orders increased by about 1,000 yuan/ton compared with the previous period. This month, the price of petroleum coke, the upstream raw material of graphite electrodes, first rose and then stabilized, and the cost of graphite electrodes was acceptable.

In terms of supply, since the second quarter, many graphite electrode companies have begun to limit production and transform. After a few months, the graphite electrode market inventory has decreased and the supply has shrunk.

In terms of demand, with the advent of the traditional peak demand season of "Golden Nine and Silver Ten", the pace of resumption of production in steel mills has accelerated. The wait-and-see steel mills have increased electrode replenishment efforts, and the market demand has improved.

On the whole, affected by the tight supply and high cost of the graphite electrode market, graphite electrode companies actively pushed up the price of graphite electrode in the mood of reluctance to sell, and the transaction price of individual manufacturers has shown a slight rebound, and the graphite electrode has started a rebound journey.