With the gradual recovery of downstream steel demand, recent domestic graphite electrode slightly increased. From the beginning of March, the bidding of domestic steel mills has been increasing. In terms of the actual transaction situation, the transaction price of some steel mills in East China has increased by about 200 yuan/ton compared with the previous period. By March 6, the market UHP400mm specification mainstream offer in 212,200-22,200 yuan/ton, needle coke content 30% UHP450mm specification mainstream offer in 20700-21,200 yuan/ton, UHP600mm specification mainstream offer in 24200-25200 yuan/ton, UHP700mm quote in 29200-30200 yuan/ton.
This round of graphite electrode price increase, on the one hand, the graphite electrode market cost is high, the raw material end of the price of petroleum coke continued to rise for graphite electrode price has brought strong support, since February, graphite electrode manufacturers generally hold the sentiment of hope, hope to release their own cost pressure by adjusting the price.
On the other hand, due to the rapid resumption of construction after the Spring Festival in China, which has reached more than 90% as of last week, the steel market demand picks up significantly, some electric steel mills in East and South China have turned losses into profits, the overall operating rate of electric steel enterprises continues to rise, and the purchasing enthusiasm also increases. Some steel mills begin to gradually accept the price increase of graphite electrodes. Under the influence of these two factors, Drive up the price of graphite electrode.
From the perspective of the afternoon market, with the continuous introduction and landing of various favorable policies, the real estate market shows signs of recovery, the traditional steel consumption season in March gradually opened, the downstream market demand will accelerate recovery, and then pull the demand for graphite electrode, driving the graphite electrode price rise, so the overall situation of the second quarter is still optimistic. Taking into account the high cost, demand potential and other favorable factors to bring support, graphite electrode prices hope to maintain a rebound trend.
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