MONTHLY: China UHP graphite electrode prices to rise further in April

Chinese prices for ultra-high-power (UHP) graphite electrodes are expected to continue to track upward in April, primarily driven by firm prices of raw materials, Mysteel's recent report on the market predicts. The further recovery in the electrode demand will also underpin the prices to some extent, per the report.

In East China's Jiangsu province, the price of 350mm diameter UHP graphite electrodes averaged Yuan 15,720/tonne ($2,293/t) during March, higher by 2.1% from the average price of February, while that for 600mm diameter electrodes also increased by 1.5% on month to reach Yuan 17,020/t, both including the 13% VAT,