China needs more than 600,000 tons of graphite electrodes in 2020, and China's graphite electrode production capacity is about 1 million tons.
Graphite electrode china
According to statistics, China’s 42 graphite electrode companies produced 60,700 tons in May 2020, a decrease of 2300 tons from April, a decrease of 3.65%, and a decrease of 8,600 tons from the same period last year, a decrease of 12.41%.
Graphite electrode China market
After China's graphite electrode market experienced an upward period in 2017, it has gradually entered a downward trend since 2018. Price wars began to appear in early 2019. After October 2019, demand in the Middle East has weakened, a large amount of supply flows in, and the price of ultra-high 600mm has fallen rapidly. . Affected by the epidemic in 2020, domestic demand has dropped sharply, foreign orders have been delayed, and a large number of sources have hit the domestic market. The price increase after the Spring Festival is only temporary, and then the price war is fierce.
However, with the recovery of domestic and foreign markets, it is difficult for graphite electrodes to continue to decline, and it is difficult for a simple price war to continue. Only by maintaining a normal price order can an industry achieve orderly and sound development.
Graphite electrodes are an indispensable material for steelmaking. For many steel companies, this may be a good time to buy graphite electrodes.
Graphite electrode manufacturer china
At present, the main production enterprises of ultra-high power graphite electrode in China include Jilin Carbon, Fangda Carbon, DanCarbon Group (Dandong Xinxing Carbon), Kaifeng Carbon, Simm Donghai Carbon, etc.
Graphite electrode demand in china
It is expected that the global demand for graphite electrodes will increase by 283,800 tons from 2018 to 2020, with an average annual compound growth rate of 4.88%.
In 2017, the capacity of mini-mill electric arc furnaces in overseas was 36762,000 tons, and the adding capacity of electric arc furnaces from 2018 to 2019 was 88,355,000 tons. It was officially announced that according to domestic capacity replacement, the steel production capacity to be eliminated was totally 40,590,000 tons, including 20,100,000 tons of the steel production capacity from EFA, and 20,490,000 tons of the blast furnace-converter capacity.
It was estimated that from 2018 to 2020, China will have 52,500 tons, 254,500 tons and 414,000 tons of graphite electrode production capacity respectively, with an average annual compound growth rate of 13.18%.
Global demand for graphite electrodes will reach 1,435,200 tons in 2020, with an average annual compound growth rate of 4.88% from 2018 to 2020.
Before 2020, it is estimated that the demand for electric arc furnaces and graphite electrodes in China and abroad will increase to 283,800 tons. The demand for UHP graphite electrodes will be increased by 92,700 tons, 141,900 tons and 49,200 tons in 2018, 2019 and 2020 respectively. From 2018 to 2020, the global demand for graphite electrodes will reach to1,244,100 tons, 1,386,000 tons, and 1,435,200 tons, with an average annual compound growth rate of 8.29%.
Graphite electrode china price
In 2020, the market price of graphite electrode in China has dropped significantly, with the price of ultra-high 550mm and 600mm graphite electrode dropping by 17% compared to the end of March and 60% compared to the same period in 2019. At present, the price of graphite electrode is basically close to the historical low, but the price of raw materials is relatively high at this stage, so suitable for ordering.
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