This week, the price of ultra-high power electrodes in China has been partially adjusted. The price of 450 is 18,000-19,000 yuan/ton, the price of 500 is 19,000-20,000 yuan/ton, and the price of 600 is 22,000-24,000 yuan/ton. The factory includes tax.
Downstream, Mysteel survey of 71 independent eAF steel data shows that the electric furnace operating rate of 62.61%, down 3.46% week on week, down 8.59% year on year; Traditional steel mills, Mysteel survey 247 steel blast furnace operating rate 75%, down 1.3% last week compared to the same period last year down 16.8/%; The iron-making capacity utilization rate of blast furnace was 85.89%, increased by 0.17% compared to the previous month, decreased by 9.27% compared to the previous year. The profit rate of steel mill was 89.18%, increased by 1.3% compared to the previous month, decreased by 6.06% compared to the previous year. Affected by the flood and the epidemic, the steel demand fell more than the supply contraction, the steel inventory increased, the later pessimistic mood is thick, the steel city to the graphite electrode support is insufficient.
In terms of raw materials, the price of low-sulfur coke continued to increase broadly, among which Daqing Petrochemical and Fushun Petrochemical increased by 200 yuan and 400 yuan/ton respectively, and Jinzhou and Jinxi increased by 600 yuan/ton individually. In the later stage, the downstream purchasing demand does not decrease, and coke price is still expected to rise, but the rise may slow down. Raw material is expected to continue strong on part of the market electrode prices or have a positive impact.