Transaction price differentiation, disrupting the rhythm of the graphite electrode market
This week (2024.3.22-2024.3.28), China's ccc market prices remained stable. As of March 28, 2024, the market price of Baichuan Yingfu's ordinary, high-power, and ultra-high-power graphite electrodes is 14,500-23,000 yuan/ton, which is stable compared with last week. The average market price of Baichuan Yingfu graphite electrode is 16,195 yuan/ton, which is stable compared with last week. The graphite electrode market is still operating in chaos this week. Affected by the dual external factors of insufficient support from the upstream cost side and weak downstream demand side, superimposed on the internal competition market among graphite electrode companies, low-price transactions of graphite electrodes have increased, and low-price resources have exerted a great influence on the market. The low-end price drag is obvious, and the actual transaction volume on the market has steadily declined. At the same time, the export market has also declined. Currently, Russia has a greater demand for exports. The price has a slight advantage compared with domestic prices, but in the international situation Under the influence, export settlement of enterprises has been hindered. The transaction prices in the graphiteelectrode market are divergent, companies have a wait-and-see attitude, and the graphite electrode market is operating in chaos.
On the supply side, the graphite electrode market is sluggish, and companies are not very motivated to produce. Some companies have unstable production lines due to insufficient orders, and may have intentions to reduce or suspend production in the future. On the demand side, there is less demand in the downstream market, and some siliconmetal factories may shut down furnaces in the future. plan, at the same time, profits of steel mills continue to decline, some steel mills have intention to suspend production, downstream operations are low, demand for graphite electrodes is difficult to increase, and the market outlook is expected to still be dominated by rigid demand purchases; in terms of cost, the market outlook for upstream raw materials may increase to varying degrees. The cost of graphite electrodes may rise accordingly. At the same time, graphite electrode negotiations will also receive certain support. However, due to weak demand, it is still difficult to push up graphite electrodes. It is expected that the graphite electrode market will be weak and stable in the future.