The price of graphite electrode has been raised recently. As of February 25, 2022, the mainstream average price of China's graphite electrode market is 3670 USD / ton, up 4.49% from the same period last week, 10.51% from the same period last month, 10.51% from the beginning of the year and 42.36% from the same period last year. The main reasons of the graphite electrode market price rise are analyzed as follows:
1.The price of raw material—needle coke/low sulfur petroleum coke keep rising, the production cost of graphite electrode is still high.
2.The domestic steel plants are expected to resume production after the festival, and the demand for graphite electrode is expected to increase.
3.The overall operating rate of graphite electrode enterprises is insufficient, and the supply of some specifications has been significantly tight.
Forest: It is expected that the price of graphite electrode will rise driven by high cost, increased demand, tight supply and multiple benefits.