UHP Graphite Electrode (600MM) Price Trend, Index, Chart

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UHP Graphite Electrode (600MM) 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 First Half of

In the first half of , UHP Graphite Electrode (600MM) prices exhibited a mixed trend, influenced by both oversupply and rising demand in different sectors. Early in the year, prices remained under pressure due to a continued oversupply of natural graphite, which impacted the overall graphite market, including products like UHP electrodes.
 

UHP Graphite Electrode (600MM) Price Chart

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The oversupply was exacerbated by China's dominance in the graphite supply chain and its imposition of export controls, which led to fluctuating availability and uncertainty in international markets. However, as demand for graphite began to increase, particularly in the clean energy and electric vehicle sectors, there was an upward shift in market dynamics. The growing use of synthetic graphite, which became more cost-effective for anode production, also played a role in stabilizing prices. In June, slight price increases were noted, driven by rising demand for high-purity graphite used in lithium-ion batteries.

Analyst Insight

According to Procurement Resource, while the first half of saw some downward pressure due to oversupply, the emerging demand from the energy transition helped stabilize and push prices upward, positioning UHP Graphite Electrodes for potential price increases in the near future.
 

UHP Graphite Electrode (600mm) Price Trend for the Second Half of

The steel industry, especially in the electric arc furnace steelmaking processes, is the main driver of the UHP Graphite Electrode (600mm) market. Because of its exceptional heat resistance and electrical conductivity, UHP graphite electrodes are crucial for high-power EAFs. The need for UHP graphite electrodes is also fueled by the trend toward EAF steel production, which is further influenced by cost considerations and environmental laws.

The prices of UHP graphite electrode (600mm) followed northward direction as its trajectory was shaped by the limited number of inventories and exponentially rising demand from the downstream industries. The APAC region highlighted the interest of the rest of the globe being shifted in its direction as the number of export shipments from Chinese folds witnessed a significant shoot-up. This excessive overseas demand intensified after the blockage of the Red Sea route and the depletion in the inventory level of the import-dependent countries.

In Europe, the outlook of the automotive and steel market did not improve drastically but it was marginal enough to boost the procurement rates of UHP graphite electrode (600mm) and support the surge in its prices. Additionally, unplanned shutdowns and limited availability of raw materials also projected a positive influence on the prices and price trend trajectory of the UHP graphite electrode (600mm).

Analyst Insight

According to Procurement Resource, the price of UHP Graphite Electrode (600mm) is expected to outpace its production rates as, in view of the rising recovery of the global economy, the industrial sectors are increasing their appetite for UHP graphite electrode (600mm).
 

UHP Graphite Electrode (600MM) Price Trend for the First Half of

The UHP Graphite Electrode (600MM) observed very mixed price trend in the first half of the year . 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.

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 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 Second Half of

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 First Half of

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 , 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.

New York, United States, Jan. 22, (GLOBE NEWSWIRE) -- The Global Graphite Electrode Market Size to Grow from USD 5.21 Billion in to USD 8.91 Billion by , at a Compound Annual Growth Rate (CAGR) of 5.51% during the forecast period.

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Graphite electrodes serve a vital purpose in the manufacturing of steel in electric arc furnaces (EAFs), as they transport electrical energy from the power source to the steel melt in the EAF bath. These electrodes are frequently produced through calcination using premium materials as binders such as petroleum coke, needle coke, and coal tar pitch. They are designed for increased productivity and ultra-high performance, and a wide range of electrode sizes are available for a wide range of industrial applications. Furthermore, the rise of the construction, automotive, infrastructure, aerospace, and defense sectors, which are major users of steel products, is driving demand for graphite electrodes. Additionally, the growing popularity of electric vehicles (EVs) and renewable technologies is raising the demand for graphite electrodes, which are used in the production of high-quality steel and other specialty materials.

Market Outlook
Global Graphite Electrode Market Price Analysis
The global graphite electrode market has dynamic pricing that is influenced by a variety of factors. Graphite electrode prices are determined by raw material costs, which are primarily derived from petroleum and needle coke. Fluctuations in these inputs, which are influenced by geopolitical events and market trends, have an impact on overall production costs. Demand reflects the health of the steel industry, which is affected by global economic conditions. Furthermore, technological advancements and environmental regulations have a significant impact on production processes and costs. Market volatility is influenced by geopolitical factors such as trade tensions.

Additional reading:
The Cost of Graphite Electrodes: Market Analysis

For more information, please visit Antioxidant Graphite Electrode.

Global Graphite Electrode Market Distribution Analysis
Direct sales, distributors, and online platforms are all examples of distribution channels. Geographical factors are important, with different demand and supply patterns in different regions. Understanding market nuances, adapting to regional preferences, and navigating regulatory landscapes are all necessary for efficient distribution.

Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Graphite Electrode Market Size, By Grade (Ultra High Powered (UHP), High Powered (HP), Regular Powered (RP)), By Diameter (< 200mm, 201mm to 400mm, 401mm to 600mm, > 600mm), By Application (Electric Arc Furnace (EAF), Basic Oxygen Furnace (BOF), Non-Steel Application), By Geographic Scope and Forecast, ' ."

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Insights by Grade
The high powered segment accounted for the largest market share over the forecast period to . High-power electrodes are critical, especially in applications that require enhanced current carrying capacity and endurance. EAFs are growing increasingly popular because of their efficacy and environmental benefits as global steel consumption rises, increasing demand for high-powered electrodes. They are also intended to improve energy efficiency and reduce total operational expenses.

Insights by Diameter
The 401mm to 600mm segment accounted for the largest market share over the forecast period to . In electric arc furnaces (EAFs), graphite electrodes with diameters ranging from "401mm to 600mm" are widely utilized. It is a versatile line that can meet a variety of steelmaking requirements. Because it strikes a balance between power capacity, performance, and cost-effectiveness, this diameter segment is suited for a wide range of steel manufacturing applications.

Insights by Application
The electric arc furnace (EAF) segment accounted for the largest market share over the forecast period to . The increasing use of EAFs in steel production is driving segment growth, owing to their lower environmental impact as compared to alternative manufacturing techniques. Furthermore, the introduction of digital technologies, such as sensors and data analytics, into electric arc furnaces has raised demand, increasing global market expansion.

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Insights by Region

Asia Pacific is anticipated to dominate the graphite electrode market from to . This is due to the region's expanding economy, increasing industrialization, and high energy prices. Furthermore, the long-standing steel and aluminum industries are fueling market expansion. China leads the way in terms of graphite electrode usage and manufacturing capacity in Asia Pacific, followed by India and Japan. Furthermore, rising urbanization and industrialization have boosted construction activity, driving total market demand in this region higher.

North America is witnessing the fastest market growth between to . The region's steel industry is undergoing technical advances, with a focus on long-term sustainability, resulting in an increase in demand for carbon-neutral steel manufacturing methods and, eventually, stronger market demand. Furthermore, natural graphite reserves and existing industrial infrastructure help to drive the graphite electrode market, notably in North America.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major Players in the Global Graphite Electrode Market Includes GrafTech International, Zhongze Group, Dan Carbon, Showa Denko, Tokai Carbon, Graphite India Ltd., Resonac Holdings Corporation, Fangda Carbon New Material Co., Ltd., Sangraf International, SEC Carbon, Ltd., Nippon Carbon, EPM Group, Nantong Yangzi Carbon Co. Ltd., Misano Group, Kaifeng Carbon Co., Ltd. and other key vendors.

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Market Segmentation
This study forecasts revenue at global, regional, and country levels from to .

Graphite Electrode Market, Grade Analysis

• Ultra High Powered (UHP)
• High Powered (HP)
• Regular Powered (RP)

Graphite Electrode Market, Diameter Analysis

• < 200mm
• 201mm to 400mm
• 401mm to 600mm
• > 600mm

Graphite Electrode Market, Application Analysis

• Electric Arc Furnace (EAF)
• Basic Oxygen Furnace (BOF)
• Non-Steel Application

Graphite Electrode Market, Regional Analysis

• North America

• US
• Canada
• Mexico

• Europe

• Germany
• Uk
• France
• Italy
• Spain
• Russia
• Rest of Europe

• Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific

• South America

• Brazil
• Argentina
• Colombia

• Middle East & Africa

• UAE
• Saudi Arabia
• South Africa

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