MYSTEEL: China UHP graphite electrode prices seen stabilizing in Sept

After sliding steadily in the previous month, Chinese prices for ultra-high-power (UHP) graphite electrodes are expected to stabilize in September, with the likely recovery in steelmakers' demand for graphite electrodes providing some support for the prices, according to Mysteel's recent report on the market.

Last month, the wide-ranging maintenance stoppages among domestic electric-arc-furnace (EAF) steel producers caused the graphite electrode demand to weaken markedly, pressing some graphite producers to reduce their selling prices, as reported. "Some graphite electrode suppliers tried to keep their quotations flat, but transactions were few," the report noted. By August 30,