On August 12, SteelOrbis reported that the average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade was reportedly at RMB 23,500/mt ($3,329/mt) while UHP 600 was reportedly at RMB 58,000/mt ($8,215/mt), all prices ex-warehouse.
Sources now inform SteelOrbis that the latest average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade is now reportedly at RMB 18,000/mt ($2,517/mt) while UHP 600 is now reportedly at RMB 52,000/mt ($7,272/mt), all prices ex-warehouse. The average price on HP 450 has decreased by $812/mt while the UHP 600 average price has decreased by $943/mt. In dollar terms, HP prices decreased 24 percent while UHP prices decreased 11 percent over the month.
USD = RMB 7.06 (Aug 12)
USD = RMB 7.15 (Sep 5)