CHINESE GRAPHITE ELECTRODE MARKET PRICE IN MAY 2023

In May 2023, China's artificial graphite export volume was 51,389 tons, up 5% from the previous month and 60% from the same period last year. From January to May 2023, the export volume of China's artificial graphite volume was 235,826 tons. In terms of the average export price, in May 2023, the average export price of China's artificial graphite was 14,407 RMB / ton, down 3% from the previous month.

China Export Price of Artificial Graphite in May 2023
Export Country	Export Quantity(Ton)	Amount(RMB)	Average Price(RMB/Ton)
Korea	14093.26	112129362	11161
American	6073.22	97964342	6792
India	6053.52	37647714	6185
Japan	5614.38	45417141	17494
Poland	3994.20	220869493	56016
Hungary	2632.78	127270433	4638
Thailand	1869.52	9252241	6025
Turkey	1750.48	8731273	48153
Spain	1630.00	9295064	6200
Taiwan China	1370.22	8503144	7073
Germany	1109.84	8980870	5117
Vietnam	788.58	3505748	5678
England	688.00	3362022	7146
Italy	621.05	3196456	11295
Other	536.09	2887385	5386
TOTAL	51389.60	740364849

What effecting graphite electrode price?

The price of graphite electrodes is influenced by various factors, and one of the significant contributors to the recent decrease in prices is the lower cost of needle coke.Given lower needle coke prices, production costs of Chinese GE lost some 4%, so suppliers were ultimately able to be flexible when setting prices.

The recent decrease in needle coke prices has resulted in Chinese graphite electrode suppliers gaining a competitive advantage. This advantage allows them to offer graphite electrodes at lower prices compared to their international counterparts. As a result, it has led to a shift in the market dynamics, with Chinese suppliers gaining a larger market share due to their cost competitiveness. This scenario has given them some flexibility when it comes to setting prices and has impacted the overall pricing structure of graphite electrodes in the industry.

As the global steel industry continues to grow, the demand for graphite electrodes is expected to remain strong. However, the decrease in prices has created uncertainties for producers. To address this situation,Chinese graphite electrode producers have been exploring strategies to enhance their competitiveness and improve their profit margins.