Graphite electrode refers to a kind of resistant material made by using petroleum coke and pitch coke as aggregates and coal tar pitch as binding agent through raw material calcination, crushing and grinding, batching, kneading, molding, roasting, impregnation, graphitization and mechanical processing. High-temperature graphite conductive materials are called artificial graphite electrodes (referred to as graphite electrodes). It is widely used in smelting steel, ferroalloys and other metals. In addition, for the electrolysis of metal magnesium, aluminum, and sodium, the anode of the electrolytic cell also uses graphite electrodes.
In the context of carbon neutrality and carbon peaks, the proportion of electric furnace steel output will greatly increase in the future, which means that the demand for graphite electrodes will usher in long-term support, and the prosperity is expected to continue to rise.
Regarding the reason for the rise of graphite electrodes, industry insiders analyzed that low-sulfur petroleum coke and coal pitch, the upstream raw materials of graphite electrodes, operated at a high and stable price, needle coke prices rose again, the production cost of graphite electrodes was high, and the upward momentum of graphite electrode prices still exists.
Some organizations also believe that the main downstream application of graphite electrodes is electric arc furnace steelmaking. Under the carbon neutral policy, the demand for electric furnace steel is rapidly increasing, and the consumption of scrap steel continues to grow. The graphite electrode market is expected to usher in a reversal, and the demand will also increase substantially. As the total global demand for graphite electrodes continues to rise in the future, corporate profitability will gradually expand
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