Other Elements and Materials

China’s Graphite Electrode Market Enters a Quiet Period this Week

China’s Graphite Electrode Market Enters a Quiet Period this Week
Mining News Pro - The Graphite electrodes (GE) prices in China have remained stable this week with the end of most steel mills’ purchase season in November. According to sources, the inquiries from traders and downstream manufacturers have decreased and currently, the sales pressure is lesser as GE manufacturers do not have much inventory.
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According to Mining News Pro -The Graphite electrodes (GE) prices in China have remained stable this week with the end of most steel mills’ purchase season in November. According to sources, the inquiries from traders and downstream manufacturers have decreased and currently, the sales pressure is lesser as GE manufacturers do not have much inventory.

Few Market participants believe that the price outlook for GE in upcoming weeks does not look very optimistic given the fact that the manufacturing season has entered the year-end phase resulting which operating rates of many steel mills have decreased thus affecting GE demand. Also some of the electric arc furnaces are facing shutdown amid rising raw material prices thus impacting electrodes requirement in the country.

The electrode specifications in the market are not as severe as the previous period, and the quotations are marginally low. However, the demand for the UHP650mm specification may increase in the near future.

As of this week, the prevailing prices for 450-500mm UHP grade electrodes are assessed at RMB 76,000 – 83,000/MT (USD 11,000 – 12,000/MT), 600mm UHP electrode at RMB 105,000-130,000/MT (USD 15,000– 18,680/MT) and 700mm UHP electrodes at RMB 120,000-160,000/MT (USD 17,250 – 23,000/MT).

In case of raw materials also, the needle coke market has remained stable and imported prices are heard at RMB 32,000-37,000/MT (USD 4,600 – 5,300).

China’s Graphite Electrode (GE) output in the first eight months of 2018 has risen by about 14.82% y-o-y (year-on-year) basis to 416,392 tonnes. Out of the total production RP grade GE stood at 106,876 tonnes, an increase of 9.46% y-o-y basis, HP grade graphite electrode edged down by 0.37% to 145,198 tonnes and UHP grade GE output surged by 35.47% to 164,317 tonnes (against the corresponding period of previous year).

In the case of exports, a country has exported about 247,500 tonnes of GE during Jan-Sep’18 registering an increase of 43% y-o-y basis.


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