Graphite Prices | Demand, Pricing & Supply Analysis - ChemAnalyst

Chemanalyst21 Sep, 2023Business

In North America, there has been a mixed price trend observed for Graphite in the second quarter in the US spot market. During the initial phase of the quarter, there was a decrease in demand from the end-users of graphite electrodes due to higher inventory levels. The US government experienced a decline in the economic situation as major banks across the USA faced a downfall, resulting in a debt crisis in the US spot market. Consequently, the weakening economy had a negative impact on Graphite consumption, as the demand from the downstream electrode manufacturing industry decreased due to slower steel-making activity in local Electric Arc Furnace-based steel mills throughout the US. Additionally, the price difference between domestically manufactured ultra-high power (UHP) and high power (HP) electrodes became narrower compared to foreign-manufactured electrodes, leading to increased competition from overseas markets.