Graphite electrode market situation and price rise in China

Due to the rising price of raw materials, the price of graphite electrode began to rise in October, especially the end of the year is the procurement period for the use of graphite electrode next year, so the market demand is large.
Graphite electrode price rise reason:
More than 70 EAF steel mills in China are operating at 70% of capacity. Since September, scrap steel prices have dropped, profits of eAF steel mills have recovered, and they are more active in purchasing graphite electrodes.
The fourth quarter of this year is expected to export graphite electrode better, the Middle East, Russia, South Korea and other regions order increase.
Raw needle coke has risen 10% since September, and petroleum coke has also raised prices several times.
The government has enacted a series of policies to reduce excess steel capacity. The outdated crude steel capacity has been replaced by electric arc furnace steelmaking, increasing the demand for graphite electrodes in China's steel industry.
At present, the price of 300-500mm RP graphite electrode is 10,000-12,000 yuan/ton, and the price of 300-500mm HP graphite electrode is 10,500-12,500 yuan/ton. Prices vary from day to day, it is best to consult the manufacturer of graphite electrode prices on the same day.