On July 5, SteelOrbis reported that the average domestic graphite electrode price in China for HP (high-powered) 450 graphite grade was reportedly at RMB 24,000/mt ($3,483/mt) while UHP 600 was reportedly at RMB 59,000/mt ($8,563/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 23,500/mt ($3,329/mt) while UHP 600 is now reportedly at RMB 58,000/mt ($8,215/mt), all prices ex-warehouse. The average price on HP 450 has decreased by $154/mt while the UHP 600 average price has decreased by $348/mt.
USD = RMB 6.89 (Jul 5)
USD = RMB 7.06 (Aug 12)