On March 26, SteelOrbis reported that the average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade was reportedly at RMB 33,000/mt ($4,911/mt) while UHP 600 was reportedly at RMB 60,000/mt ($8,929/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 25,000/mt ($3,608/mt) while UHP 600 is now reportedly at RMB 55,000/mt ($7,937/mt), all prices ex-warehouse.
The average price on HP 450 has decreased by $1,303/mt while the UHP 600 average price has decreased by $992/mt. The average price level for HP 450 decreased by 26.5 percent and UHP 600 decreased by 11.1 percent compared to three months ago. Sources inform of higher global needle coke prices, an important raw material for graphite electrode production, which may limit further downward prices.
USD = RMB 6.72 (Mar 26)
USD = RMB 6.93 (Jun 10)