In 2020, China's graphite electrode production capacity is expected to be 2.12 million tons, and the total global production capacity (except China) is expected to be 1.7 million tons. China's graphite electrode output is about 1 million tons and exports are about 300,000 tons.
In the second half of 2020, the export volume of graphite electrodes increased, and the price of electrodes rose slightly. It is understood that a large electrode manufacturer shipped more than 3,000 tons per month at the end of the year. Mexico and Turkey have recently increased their shipments.
According to statistics, the price of 450mm UHP graphite electrodes on the market in December is 2200~2300USD/T. The price of 600mm UHP graphite electrode is 2600~3000 USD/T, up by 150 USD from last month. 700mm UHP graphite electrode price is 3500~3800 USD/T
As the temperature turns colder in the steel market, the market is relatively stable, and steel prices generally drop slightly. The cost of rebar produced by the electric arc furnace is US$620/ton. The profit difference between electric furnace steel and converter steel is 30 US dollars/ton.
Top 3 graphite electrode manufacturers in china
|No||2020 Top 3 graphite electrode production in China|
The above three graphite electrode manufacturers have a total annual output of 305,000 tons, accounting for 30.2% of China's total annual output. Among them, Jilin Carbon output increased rapidly. Dan Crabon's high-power and ultra-high-power graphite electrodes have a relatively rapid increase in output. Both quality and price have greater advantages, and they have the ability to produce 700mm UHP graphite electrodes.
In December, the price of graphite electrode raw materials continued to rise, the price of petroleum coke was 2,800 RMB/ton, and the price of calcined coke was 3800-4,000 RMB/ton. The market price of needle coke in China is generally stable, and the market price of needle coke from coal and oil series is 5800-6800 RMB/ton.
In 2021, with the new commissioning of electric arc furnaces and the increase in operating rate of electric arc furnaces, demand for graphite electrodes will be boosted. Environmental protection policies will transform blast furnace steelmaking to electric arc furnace steelmaking.
In addition, with the accelerated recovery of the global economy, the export of graphite electrodes is expected to be better. The order volume in 2021 will increase significantly, which will play a positive role in the destocking of large-size graphite electrodes.