Recovery seen likely for China’s electrode market
Oct 29, 2020 16:30
China’s market for graphite electrodes remains generally stable, with Mysteel’s benchmark price for 600mm ultra-high-power (UHP) grade electrodes in East China’s Jiangsu province staying unchanged on week at Yuan 17,500/tonne ($2,157.5/t) as of October 28 and including the 13% VAT.
However, the price has gained some Yuan 1,000/t
since September 17, bringing an end to the succession of price decreases that
began in December 2018, Mysteel’s data shows. Market watchers predict that the
recovery in the domestic electrode market is likely to continue for the time
“We’re already seeing some signs of revival and