The price of graphite electrode has attracted much attention in the steel industry. Because graphite electrodes are crucial materials used in electric arc furnaces (EAFs) to produce steel and other metals.
As a buyer, it is essential to understand the various types, their advantages and disadvantages, and the factors that influence their prices. This blog will delve into these aspects to help you make informed decisions when purchasing graphite electrodes in 2023.
I. Price List:
The following is the graphite electrodes price (per ton) range in international market:
- Regular Power （RP）Graphite Electrode: $1850 to $1950 per ton
- High Power (HP) Graphite Electrode: $1950 to $2015 per ton
- Ultra-High Power (UHP) Graphite Electrode: $2200 to $2400 per ton
- Special High Power (SHP) Graphite Electrode: $2150 to $2200 per ton
Please note that these prices are indicative and can vary based on market conditions, suppliers, and other factors.
II. Factors Affecting the Price of Graphite Electrode:
A. Raw Material Costs: – Graphite electrode producers use the petroleum needle coke (the main raw material) for production is the main cost. – Other raw materials like coal tar pitches, impregnation materials, and additives.
B. Production Capacity and Demand: – Global supply-demand dynamics for graphite electrodes. – Production capacity of graphite electrode manufacturers. – Market demand from steel and other metal industries.
C. Energy Costs: – Electricity and fuel costs are involved in the production process.
D. Market Competition: – Number of graphite electrode producers in the market. – Competitive pricing strategies.
E. Exchange Rates and Trade Policies: – Currency exchange rates affecting imports and exports. – Trade policies and tariffs impacting international trade.
F. Environmental Regulations: – Compliance costs associated with environmental regulations and sustainability initiatives.
III. Graphite Electrode Price Trends: Review 2023–2024
In recent years the graphite electrode market has witnessed significant volatility.
In 2023, graphite electrode prices continued to rise.
This trend was driven by factors such as increased worldwide demand, especially from steelmakers, and expensive raw materials.
Needle coke is a key ingredient in UHP electrodes and limited availability pushed prices higher.
The market saw subdued price rises in the first half of 2024.
Such additional steel industry demand, along with production for electric vehicle (EV) batteries, put more pressure on the supply chain.
IV. Price Comparison: China vs International Markets
China:
Being the top producer and exporter of graphite electrodes in the world, China provides the lowest prices.
Thanks to abundant domestic supply and lower production costs, prices are comparatively cheaper.
The price of UHP graphite electrode in China is between 1200-4500$/ton.
United States and Europe:
Costs are higher thanks to import tariffs, higher energy prices and stricter environmental regulations.
Over in these countries, the unit price of UHP graphite electrode is idle above $5,000 every ton and in some other cases above $7,000 every ton.
This dependency on imports places the market under the influence of geopolitical problems and trade barriers, which makes it more vulnerable to price changes.
Global Market:
The international market is fueled by demand from industries like steelmaking, battery production and nuclear reactors.
Graphite electrode consumption is surging in developing countries, particularly in energy storage and electric automobiles.
IIV. Advantages and Disadvantages of Different Types of Graphite Electrode
A. Regular Power（RP）: – Advantages: Suitable for low power applications, cost-effective. – Disadvantages: Lower current-carrying capacity, shorter lifespan compared to higher power electrodes.
B. High Power (HP): – Advantages: Higher current-carrying capacity, longer lifespan, suitable for medium to high power applications. – Disadvantages: Relatively higher cost compared to regular power electrodes.
C. Ultra-High Power (UHP): – Advantages: Exceptional current-carrying capacity, longer lifespan, suitable for high power applications. – Disadvantages: Highest price among the different types of graphite electrodes.
FAQs
What is the demand for graphite electrodes?
They are in high demand, particularly within the steelmaking and battery industries. Demand is driven in large part by electric arc furnaces and the burgeoning EV industry.
What’s the Graphite Electrode Price per Ton, per Kg, and per Pound?
The price of graphite electrode can be categorized in different units based on your consultation level and payment plan. Prices will be given below as ton, kilogram and pound.
Per Ton:
The price ranges from around $1800 to $2,600 per ton, depending on the type of electrode and its quality.
On a per-ton basis, bulk buying often gives you a better price.
Per Kg:
For small quantities, it costs about $1.50 to $3.50/ kg.
Graphite rods and small-scale applications often use this preferred unit of measurement.
Per Pound:
Common price per pounds range from $0.68 to $3.50 depending on electrode type and quality.
For more specialized applications, this measurement is less used, but still relevant.
What is the price of needle coke?
For quality, sitting between $2,500 to $5,000 per tonne of needle coke will depend on your specific needle coke application, with respect to demand.
Why are Graphite Electrodes Expensive?
Declining use in traditional technology, treatment of high raw material costs, energy-intensive production processes and strong demand in industries such as steel and batteries drive graphite electrode prices north.
How big is the graphite electrode market?
The global graphite electrode market is projected to surpass $6 billion by 2025 due to steady growth of steel and battery production.
Conclusion:
When considering the purchase of graphite electrodes, it is crucial to evaluate the available types, weighing their advantages and disadvantages against your specific requirements.
Additionally, factors such as raw material costs, production capacity, market demand, energy costs, competition, exchange rates, and environmental regulations influence the overall graphite electrodes price.
By carefully considering these factors and understanding graphite electrodes price trends. Then you can make an informed decision and ensure optimal performance and cost-effectiveness of your electric arc furnace operation.
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