On August 2, the Chinese graphite electrode ( HP450mm ) market price including tax in cash is stable, currently at 21,000~22,500 RMB /MT, and the average price is 21,750 RMB / MT.
The price of Chinese graphite electrode ( UHP450mm ) market including tax in cash is stable, currently at 23,000~24,500 RMB / MT, with an average price of 23,750 RMB / MT.
General situation:
Recently, the graphite electrode market has continued to operate weakly. Due to the continued weak downstream demand, it is difficult for the consumer side to provide support for the price, and companies have to make concessions to facilitate the transaction. However, the cost of raw materials has always supported the price of electrodes, so some companies maintain a wait-and-see attitude to stabilize prices. Although the quotations of companies continue to decrease, the sentiment of stabilizing the market is gradually increasing.
Raw material market:
As the downstream demand continues to be deserted, the production enthusiasm of enterprises continues to decline in the case of weak transactions, and the inventory of finished products accumulates, and enterprises reduce production to reduce inventory pressure.The raw material side also brings some pressure to the production of enterprises. Although the price of low-sulfur coke in petroleum coke has been adjusted, the overall high level, the price of coal tar pitch remains stable, and the performance of needle coke is relatively strong. The superposition of cost pressures and the lack of consumption further aggravate enterprises' intention to reduce production
Downstream market:
The start-up of downstream electric furnace steel remained low. Under the conditions of poor profits and weak supply and demand, steel mills were not enthusiastic about production, the industry stopped production and reduced production more, the demand for electrode procurement was weak, and the price reduction in limited orders was also obvious, which continued to be bad for electrode market consumption.The export market also continues to be weak, and the energy crisis and economic weakness are bad for domestic and foreign electrode market consumption.
Comprehensive view:
The upstream and downstream industries are not good enough, and the supply and demand performance of the electrode market continues to be weak, but the pressure on the cost of raw materials still exists, and the space for companies to let prices is limited. The room for subsequent price reductions is also relatively limited, and the company’s price stabilization attitude is gradually increasing, and the market is expected to be stable.
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