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Price trend analysis of graphite electrode market in 2021
Views: 168 Update date: Feb 16,2022

In the first quarter of 2021, China’s graphite electrode price trend is strong, mainly benefiting from the high raw material price, promoting the continuous rise of graphite electrode price, enterprise production pressure, the market price willingness is strong, and the supply of small and medium-sized specification resources is tight, which benefits the overall rise of graphite electrode price.

 

China’s graphite electrode market in the second quarter after a rapid upward stability. The rapid rise is mainly reflected in April, the steel mills began a new round of bidding, the downstream electric furnace steel mills with high profit and high start, good graphite electrode demand. On the other hand, Inner Mongolia has dual energy consumption, the supply of graphite is tight, and the supply of graphite electrodes is reduced, increasing the power of the price of graphite electrodes. However, from May to June, raw material petroleum coke prices are negative, combined with downstream suppression, graphite electrode prices rise weak.

 

In the third quarter, the price of graphite electrode in China was stable and weak, and the traditional demand off-season, coupled with the strong supply side, the mismatch between supply and demand led to the decline of graphite electrode prices. In terms of raw materials, the price continues to rise, and under the pressure of cost, the price of graphite electrode is strong. However, some graphite electrode enterprises quickly clear warehouses and recover funds, resulting leading to the decline of graphite electrode prices at the beginning and end of the third quarter.

 

In the fourth quarter, due to the influence of domestic production and electricity restriction, domestic raw material prices continued to rise, with low sulfur oil coke, asphalt rose more significantly, high electricity price, Inner Mongolia and other places of graphite supply is tight and high price, the cost promoted the price of graphite electrodes in China. However, although the production and power limit have affected the graphite electrode enterprises, but the downstream electric furnace steel started low, low profit, but also caused the decline of market demand, supply and demand are weak, the price reversal is higher. There is no demand, only cost drive, and price rises lack stable support, so short-term price pullbacks have become an occasional normal phenomenon.

 

UHP Graphite Glectrode

 

In general, the overall shock of China’s graphite electrode market in 2021 is strong. On the one hand, raw material prices will promote the rise and fall of graphite electrode cost, and on the other hand, the start and profit of electric furnace steel mills have effectively led to the rise and fall of graphite electrode price. The rise and fall of the graphite electrode market in 2021 put aside the impact of supply, featuring the raw material cost and downstream demand, explaining the price fluctuations of graphite electrodes throughout the whole year.




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