China graphite electrode prices may rise on cost support in ...
Oct. 21, 2024
China graphite electrode prices may rise on cost support in ...
As of March 11, Mysteel's benchmark price for 350mm diameter UHP electrodes in East China's Jiangsu province stood at Yuan 15,000/tonne ($2,113/t), lower by Yuan 300/t on month, and that for the 600mm electrodes also lost Yuan 300/t on month to Yuan 17,200/t, both including the 13% VAT.
Most electric-arc-furnace (EAF) steelmakers in China suspended their production during the Chinese New Year holiday in mid-February, before their profit margins turned negative rapidly later that month, both of which weakened mills' demand for feed materials and weighed on domestic electrode prices as well, Mysteel Global learned.
In March, EAF mills' electrode consumption will show a marked increase as they restart operations from their holiday breaks, according to Mysteel's survey. The average capacity utilization rate among the 87 independent EAF steelmakers under Mysteel's regular tracking had jumped 19.19 percentage points from the end of February to touch 48.3% by March 7, and the mills will bring more idled furnaces back online this month, the survey showed.
On the other hand, domestic producers of graphite electrode have seen their production costs rise continuously since January and may keep climbing in March, as the prices of coal tar pitch are climbing steadily, while those of petroleum coke and needle coke are stable, according to Mysteel's statistics.
For example, Mysteel's assessment of medium-temperature coal tar pitch in North China's Hebei the country's major steel producing base stood at Yuan 5,400 t/d including the 13% VAT as of March 11, higher by Yuan 300/t from the end of February.
Zhongsheng Product Page
As a result, electrode producers are likely to incur higher production costs in March, which will provide firmer support for the prices of domestic UHP graphite electrodes, Mysteel Global noted.
Written by Anthea Shi,
Edited by Alyssa Ren,
graphite electrode export prices india fob dollars per tonne
Steelmaking Electrode Prices.
Steelmaking input costs - electrodes - historic price trends
Electrode export prices, $ /
metric
tonne YearMonthIndian exportsTable last updated: 26th June . Next update: ~ 26th September .
Notes and definitions
1) Figures above are average monthly fob export [not spot prices] for steelmaking electrodes shipped from India. All prices are expressed in US dollars per metric tonne.
2) The price data is for harmonised system code # which is defined as carbon or graphite electrodes of a kind used for furnaces.
3) Note that latest price points (the last one or two months in particular) may change, as additional customs data becomes available.
Needle coke (produced from petroleum or coal tar) is the major raw material used in the manufacture of ultra-high power (UHP) graphite electrodes. Needle coke is increasingly also used to make lithium-ion batteries for mobile phones and electric vehicles. It is the growth in the demand for needle coke for these newer applications - as well as closure (for environmental reasons) of much graphite electrode production capacity in China during - that markedly tightened the availability of graphite electrodes for electric steelmaking in late / early .
Leading world suppliers of graphite electrodes include GrafTech International, Ohio, USA; Graphite India, headquartered in Bengal; Showa Denko Carbon, headquartered in Ridgeville, South Carolina, USA; and Nippon Carbon, which has its HQ Chuo-ku, Tokyo, Japan. Other noteworthy producers also incude HEG based in Delki India; and Tokai Carbon who are located in Tokyo, Japan.
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