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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 trend 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 trend swung low but in a very narrow range.

UHP Graphite Electrode (600MM) Price Trends and Forecast

In the Indian domestic UHP Graphite Electrode (600MM) market, even though there were constant fluctuations in the price trend, 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 trend 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.

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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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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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