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Bullish sentiment prevails in China’s electrode market

China’s electrode-market participants are optimistic about business conditions going forward and predict that domestic electrode prices are likely to gain in the near term, Mysteel Global has learned. They point to the revival in demand from both domestic and overseas buyers, the possibility of supply tightening, and the support the market continues to receive from higher prices of raw materials.
As of February 22, Mysteel’s benchmark price for 600mm ultra-high-power (UHP) grade electrodes in East China’s Jiangsu province was unchanged at Yuan 18,500/tonne ($2,866/t), and the price of 400mm diameter electrodes was still at Yuan 15,500/t, both including the 13% VAT, according to the database. “Domestic electrode prices remain unchanged and this may be the case

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