MONTHLY: China UHP graphite electrode prices to pick up further in August

During July, the steady decline in Chinese prices of ultra-high-power (UHP) graphite electrodes that began in March finally ended, with prices at last showing some upward momentum, Mysteel's recent report on the electrode market explains. Moreover, prices are seen strengthening further this month, driven by firm input-cost support, it notes.

Last month, the average price of 350mm diameter UHP graphite electrodes in East China's Jiangsu province as assessed by Mysteel was Yuan 14,104/tonne ($1,968/t), higher by 4.3% from the average price in June, while that of 600mm electrodes in Jiangsu also increased, rising by 1.7% on month to Yuan