Graphite electrode price quotes:
Today, China's graphite electrode (450mm; high power) market offers stable cash quotations including tax, currently at 21,500-23,500 yuan/ton, with an average price of 22,500 yuan/ton, unchanged from yesterday.
Today, China's graphite electrode (450mm; ultra-high power) market is stable with tax-included cash quotations, currently at 22,000-24,000 yuan/ton, with an average price of 23,000 yuan/ton, unchanged from yesterday.
comprehensive:
Recently, the graphite electrode market price has remained stable, the raw material market has been stable and weak, and the cost pressure of electrode companies has been relatively weakened. However, the electrode production cycle is long, and the factory is still in a state of no profit at present; while the supply and demand are both tight. The trading performance of enterprises is average , After the previous price adjustment, we are currently waiting for the implementation of new downstream orders, and the price adjustment sentiment has weakened under the circumstances of increased terminal production reduction and weak trading.
Raw material market:
Petroleum coke at the raw material end has been running steadily and weakly recently, the price of needle coke has remained weakly stable, and coal tar pitch has continued to be relatively strong. The overall fluctuation of the raw material market is not large, and the impact on the electrode industry is relatively limited.
Downstream market:
The output of downstream electric furnace steel has increased recently. On the one hand, the terminal demand continues to be weak, and the company’s shipment performance is average; Requirements for production stoppage and production reduction; multi-faceted factors superimposed steel mills to increase production reduction, and the demand for graphite electrode procurement continued to decline. Coupled with the overall loss of the industry and resistance to electrode prices, it is difficult to see an increase in short-term electrode transactions.
Our opinion:
In the short term, the current electrode market is supported by tight supply, poor corporate profits and strong quotation psychology, but the downstream procurement demand is weak, the reduction of steel mill production is unfavorable to rigid demand, and the resistance to high prices is unfavorable to transactions. The electrode market has limited transactions. Price-based, is expected to remain stable.
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