By June dropped sharply in the price of petroleum coke, since late June, China’s domestic ordinary power, high power graphite electrode, prices began to take a small step back, last week, some steel mills centralized bidding in China, a lot of ultra high power graphite electrode loose trading began, this is why China since last July graphite electrode keep prices rose slightly after the callback for the first time.
Recent market features mainly include the following aspects:
1. After entering June, the traditional steel market in China began to plunge sharply in June due to the excessive increase of steel in the first half of the year. Some electric furnace steel mills even began to lose money, which led to the gradual decline of electric furnace steel utilization rate and the decrease of graphite electrode purchase quantity.
2. At present, the spot sales of graphite electrodes on the market, manufacturers have a certain profit, affected by the sharp fall in the early petroleum coke raw materials, has a certain impact on the mentality of market participants, so as long as there are other factors, the market will follow the trend of price reduction.
Aftermarket forecast:
There is not much room for late price reduction of petroleum coke.
The price of needle coke is relatively stable due to the cost. The first echelon of graphite electrode manufacturers basically maintain full production, but the tight graphite chemical order in the market will continue, and the processing costs remain high. The production cycle of graphite electrode is long, and with the support of high cost in the later stage, the space for the market price of graphite electrode to fall is also limited.
Post time: Jul-07-2021