According to data from China's graphite electrode manufacturers, orders for graphite electrode in 2021 have been scheduled to be shipped after March.
As steel mills around the world have resumed electric arc furnace steelmaking production one after another, the demand for graphite electrodes has increased, and the orders of Chinese graphite electrode manufacturers have been scheduled until after March 2021. In addition, due to rising freight costs, the delivery time of many orders will be delayed for a period of time later.
Graphite electrodes are conductive rods used in steelmaking by iron and steel enterprises. They are used in electric arc furnaces to release electric energy to heat and melt the charge. Graphite electrode is a product with low consumption and low pollution, energy saving, emission reduction and environmental protection.
Graphite Electrodes future 2021
The graphite electrode market is valued at US$6.5 billion in 2019, and the graphite electrode market is expected to reach US$7.8 billion in 2021.
With the increase in electric arc furnace steelmaking production, the demand for graphite electrodes began to surge in 2019. At present, the Asia-Pacific region is the main market for graphite electrode demand, accounting for about 60% of the global market (including China); because China's scrap steel quantity and power supply are increasing, there is a great demand for electric arc furnace steelmaking.
Graphite Electrodes market
According to China Customs statistics, China's graphite electrode exports in October 2020 were 33,200 tons, an increase of 24.42% year-on-year; from January to October 2020, China's graphite electrode exports totaled 267,900 tons, a year-on-year decrease of 21.14%. The main export countries of China's graphite electrodes in October 2020: Azerbaijan, Turkey, and Russia.
Graphite electrode price trend 2020
The price of graphite electrodes fluctuates with supply and demand. In addition, raw materials account for more than 60% of the cost of graphite electrodes, which directly affects the price of graphite electrodes. The long production cycle of graphite electrodes, exchange rate changes, and rising transportation costs are all factors that cause price instability.
Graphite electrode suppliers
At present, the global graphite electrode companies with existing production capacity of more than 80,000 tons are: SDK, ToKai, Dan Carbon, HEG, GIL, GrafTech, Fangda, Jilin Carbon.
|Suppliers||2019 production capacity (10,000 tons)|
According to the HP and UHP graphite electrode production data, ToKai and Dan Carbon have the fastest growth. Especially for UHP graphite electrodes with a diameter of more than 500mm, Dan Carbon graphite electrode suppliers have great advantages in quality and price.