China's graphite electrode market likely to face oversupply by 2020

Wednesday, 11 April 2018 14:55:25 (GMT+3)   |   Shanghai

By the end of 2017, China’s annual graphite electrode production capacity amounted to 920,000 mt, while the actual output for the year totaled 590,900 mt, with a capacity utilization rate of 64.23 percent, as announced by China Carbon Industry Association (CCIA).

Due to the stimulus of high price and high profitability of graphite electrodes, new graphite electrode capacity currently under construction in China amounts to 524,000 mt, which will result in a basically balanced situation between supply and demand in the graphite electrode market in 2018. However, the Chinese graphite electrode market will face oversupply by the end of 2020 when all projects have entered production, the CCIA stated.

Most Recent Related Articles

Iron ore prices down sharply, following coal and steel futures fall

Ex-China HRC prices remain high for most buyers, declines locally may stop

NBS: China’s crude steel output down 21.2 percent in September

China’s iron ore imports down 11.9% in Sept due to steel output curbs

Chinese manganese ore prices go upward