NEWS
IRON and STEEL   Materials  

What’s Happening in China’s Graphite Electrodes Market?

With no major change in China’s downstream steel demand, the overall situation in country’s GE market continues to remain sluggish and the prices prevails to be weak.

At present, although the Chinese electrodes manufacturers have restricted their production due to tepid domestic demand and upcoming National Day holiday (in order to ensure clearer skies), the inventory build up continues in the market especially that of ordinary power and high power small-specifications electrodes.

The Chinese downstream steel demand is not picking up and the off-season for the procurement continues, the procurement enthusiasm is not high, the GE manufacturers are fiercely bidding resulting which the electrodes prices in China have touched new low. On the other hand, the price of ultra-high power large-sized electrodes is less affected and there is small downward adjustment in prices.

According to the market participants based in China, the GE prices in the country are likely to remain subdued for the upcoming months amid production cuts (prior to National Day holidays) and enough inventories with the manufacturers.

The current GE prices of size 450mm UHP grade electrodes are trending at RMB 13,000 – 15,000/MT (USD 1,810 – 2,100/MT) and that of 600mm are at RMB 42,000 – 53,000/MT (USD 5,870 – 7,400/MT) whereas that of 450mm HP grade electrodes are at RMB 13,000 – 14,000/MT (USD 1,800 – 1,960/MT) and of 600mm are at RMB 15,000 – 17,000/MT (USD 2,100 – 2,400/MT).

Needle Coke:

In case of raw material, the negative sentiments in GE market are weighing down the needle coke prices also. China's domestic needle coke prices are trending at RMB 19,000 – 22,000/MT (USD 2,655 – 3,075/MT). The needle coke demand from China’s anode material industry is relatively stable and is showing a gradual upward trend which is why the fall in needle coke prices are not as dramatic as that of plunge in GE prices.

News No: 6385
Date: 2019/09/05 - 13:38
News Source: SteelMint

China  Graphite Electrode  steel  GE 

Comments:

Leave a Comment:

   
   
   
 

China pig iron buying spree extends into 2020

Chinese demand for seaborne basic pig iron (BPI) increased sharply in the first quarter, continuing a trend from late 2019 of supporting the market when primary buyer US is on the sidelines.
 

China ferrous scrap usage surged in 2019

China's consumption of ferrous scrap grew by 15pc on the year in 2019 to 215.93mn t, according to statistics released today by the Bureau of International Recycling (BIR).
 

Eurofer seeking CVD on Turkish HRC

European steel association Eurofer has filed an anti-subsidy complaint against Turkish exporters of hot-rolled flat steel with the European Commission, alleging that low-priced and subsidised imports are harming the European market.
 

Tight supply accelerates Tokyo Steel scrap price hikes

Higher export prices of Japanese ferrous scrap prompted Japan's largest electric arc furnace mill to raise domestic collection prices today, marking the third increase in eight days.
 

Australia’s greenhouse gas emissions fall in 2019

Australia's greenhouse gas (GHG) emissions fell by 0.9pc to 532.5mn t of carbon dioxide equivalent (CO2e) at the end of 2019 from 537.5mn t of CO2e at the end of 2018, with most of the falls coming from lower emissions in electricity generation and agriculture.
 

Productivity record at Rajhi steel bar and wirerod mill

The Danieli bar and wirerod mill at Rajhi Steel, KSA, produced 101,036 tons of finished product during March 2020, and 286,312 tons during Q1 2020.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners