Product
UHP Graphite Electrode (600MM) Price Trend and Forecast
UHP Graphite Electrode (600MM) Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of UHP Graphite Electrode (600MM) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
UHP Graphite Electrode (600MM) Price Trend for the H1 of 2023
The UHP Graphite Electrode (600MM) observed very mixed price trends in the first half of the year 2023. Prices fluctuated as per the downstream demands from steel, metal, and other nonmetal industries. Prices wavered in a very narrow range as the downstream demands behaved in a very stable manner. However, the consistent normalization in upstream costs over months, which were interrupted and grew because of various geopolitical and geoeconomic tensions, had a substantial impact on the UHP Graphite Electrode production costs. Because of this declined cost support from upstream factors, the UHP Graphite Electrode price trends swung low but in a very narrow range.
In the Indian domestic UHP Graphite Electrode (600MM) market, even though there were constant fluctuations in the price trends, an overall decline of about 4% was observed at the end of Q2, with prices averaging around 4963 USD/MT (EXW, India) throughout the said period.
Analyst insight
According to Procurement Resource, the UHP Graphite Electrode (600MM) prices are expected to showcase similar mixed price patterns in the upcoming months as well, given the current uncertainties in the world economy.
UHP Graphite Electrode (600MM) Price Trend For the H2 of 2022
With the Chinese government placing restrictions and proposing mandatory production cuts, the entire supply-demand dynamics were affected both domestically and international. Given the slowdown, construction activities were highly affected causing the steel prices to fall further and affecting the prices of graphite electrodes. The lowered prices were further affected by destocking as the manufacturers wanted to make room for new production. However, the prices began to stabilize towards the end of Q4 as the international crude oil prices stabilized.
UHP Graphite Electrode (600MM) Price Trend For the H1 of 2022
Owing to the Russia-Ukraine geopolitical conflict a huge economic backlash was unleashed whose repercussions were felt far and wide. The prices of crude oil and gas jumped manifold due to drastic supply cuts and complex logistics. The raised prices further affected the price trends for graphite electrodes. Also, the considerably high steel demand caused the graphite electrode prices to swell. However, the prices began to fluctuate towards the end of Q2 as the market demand turned negative due to the cautious buying activity of buyers amid the fear of a global recession.
Analyst Insight
Graphite electrode prices are expected to rise in the coming quarter given the resumption of construction activities. The strong demand from the steel sector will further support the consistent rise in prices.
Procurement Resource provides latest prices of UHP Graphite Electrode (600MM). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
UHP Graphite Electrode (600MM) is an ultra-high power graphite electrode with a diameter of ≥600mm. It is mainly used in ultra-high-power steelmaking arc furnaces and is widely employed to produce alloy steel, metal and other non-metallic materials.
Product Details
| Report Features | Details |
| Product Name | UHP Graphite Electrode (600MM) |
| Industrial Uses | To produce alloy steel, metal and other non-metallic materials in DC electric arc furnaces, AC arc furnace, Submerged arc furnace and Ladle furnaces. |
| Synonyms | 600mm UHP Graphite Electrode, UHP 600 graphite electrodes |
| HS Code | 85451100 |
| Supplier Database | Fangda Carbon New Material Technology Co. Ltd, Dan Carbon Group, GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd, SHOWA DENKO K.K., Tokai Carbon, SEC Carbon, Ltd. |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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