On February 21, SteelOrbis reported that the average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade was reportedly at RMB 35,000/mt ($5,208/mt) while UHP 600 was reportedly at RMB 70,000/mt ($10,417/mt), all prices ex-warehouse.
According to sources, the latest average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade is now reportedly at RMB 32,000/mt ($4,769/mt) while UHP 600 is now reportedly at 58,000/mt ($8,643/mt), all prices ex-warehouse. The average price on HP 450 has decreased by $439/mt while the UHP 600 average price has decreased by $1,774/mt. The average price level of HP 450 decreased 8 percent while UHP 600 decreased by 17 percent compared to almost a month ago.
USD = RMB 6.72 (Feb 21)
USD = RMB 6.71 (Mar 18)