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UHP Graphite Electrode (600MM) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24436
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UHP Graphite Electrode (600MM) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| UHP Graphite Electrode (600MM) | Agriculture | USA | 3252 USD/MT |
| UHP Graphite Electrode (600MM) | Agriculture | China | 2863 USD/MT |
| UHP Graphite Electrode (600MM) | Agriculture | Germany | 4233 USD/MT |
In the fourth quarter of 2023, the price of UHP graphite electrode (600 MM) in the United States reached 3252 USD/MT by December. Similarly, in China, the UHP graphite electrode (600 MM) prices hit 2863 USD/MT in the same month. Whereas, Germany saw UHP graphite electrode (600 MM) prices reaching 4233 USD/MT in December during Q4 2023.
UHP Graphite Electrode (600MM) Price Trend, Market Analysis, and News
IMARC's latest publication, “UHP Graphite Electrode (600MM) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the UHP graphite electrode (600MM) market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of UHP graphite electrode (600MM) at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed UHP graphite electrode (600MM) price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting UHP graphite electrode (600MM) pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
UHP Graphite Electrode (600MM) Market Analysis
The global UHP graphite electrode (600MM) market size reached 592.8 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 800.93 Thousand Tons, at a projected CAGR of 3.40% during 2023-2032.
- The primary driver for the global Ultra-High Power (UHP) Graphite Electrode (600MM) market is the burgeoning demand from the steel manufacturing industry. Steel production, particularly through Electric Arc Furnace (EAF) technology, heavily relies on graphite electrodes. UHP graphite electrodes are indispensable for this process due to their superior conductivity, ability to withstand extremely high temperatures, and minimal consumption rate during production. The shift toward EAF technology is propelled by its environmental benefits, including lower carbon emissions compared to traditional blast furnace methods. According to the IMARC GROUP, the global steel market reached US$ 942.3 Billion in 2023, and is expected to reach US$ 1,279 Billion by 2032, exhibiting a CAGR of 3.3% during 2024-2032. This trend is anticipated to grow as environmental regulations become stricter and industries seek to adopt greener technologies. The demand for large diameter UHP graphite electrodes, such as the 600MM variant, is specifically driven by the need for efficient, high-output steel production, which these electrodes facilitate.
- The exponential growth of the electric vehicle market significantly impacts the UHP graphite electrode market. Graphite is a crucial component in lithium-ion batteries, which power the majority of electric vehicles. With global initiatives aimed at reducing carbon footprints, governments and automotive manufacturers are investing heavily in EV technology. According to the International Energy Agency (IEA), 10 million electric cars were sold by the year 2020. This rise necessitates a parallel increase in graphite production to meet the rising demand for battery manufacturing. Furthermore, the production process for these batteries involves the use of graphite electrodes, thereby driving the UHP graphite electrode market. The 600MM electrodes are preferred due to their high efficiency and durability, which are crucial for the large-scale production of battery-grade graphite. This rise necessitates a parallel increase in graphite production to meet the rising demand for battery manufacturing. Furthermore, the production process for these batteries involves the use of graphite electrodes, thereby driving the UHP graphite electrode market. The 600MM electrodes are preferred due to their high efficiency and durability, which are crucial for the large-scale production of battery-grade graphite.
- Technological advancements in the manufacturing process of graphite electrodes have also played a pivotal role in driving the market. Innovations in raw material processing, electrode design, and quality control have led to the production of more efficient and reliable UHP graphite electrodes. For instance, advancements in needle coke quality and the introduction of proprietary production techniques have enhanced the performance of 600MM UHP electrodes, making them more desirable in high-demand applications such as steel manufacturing and EV battery production. This growth is largely attributed to continuous technological improvements that reduce production costs while increasing electrode efficiency and lifespan. These advancements boost the supply capability of manufacturers and lower operational costs for end-users, further fueling market growth.
UHP Graphite Electrode (600MM) News
The report covers the latest developments, updates, and trends impacting the price of UHP Graphite Electrode (600MM), providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the UHP Graphite Electrode (600MM) price trend.
Latest developments in the UHP graphite electrode (600MM) industry:
- June 11th, 2023: Resonac Corporation has decided to acquire 100% of the outstanding shares in AMI Automation. This acquisition will allow Resonac to expand its graphite business by providing total solutions for Electric Arc Furnaces (EAF), including digital automation and optimization services. AMI Automation, a global provider of automation solutions, is recognized for its software and services in optimizing EAF operations, particularly in North America. The acquisition will leverage AMI's 200 DX engineers, including 20 AI engineers, to accelerate digital transformation (DX) across the Resonac Group. This will involve joint projects to improve efficiency in various manufacturing processes, including Condition Based Maintenance (CBM) and predictive analytics.
- Dec 2023: Graphite India, a leading graphite electrodes manufacturer, acquired 31% stake in Godi India for ₹50 crore to diversify into advanced battery technologies like lithium-ion, sodium-ion, and solid-state batteries using eco-friendly processes for EVs, consumer electronics, and energy storage.
Product Description
UHP Graphite Electrode (600MM) refers to ultra-high power graphite electrodes with a diameter of 600 millimeters, which are critical components used in electric arc furnaces (EAF) for steel production and in other high-temperature industrial processes. These electrodes are characterized by their ability to withstand extremely high temperatures, their superior electrical conductivity, and their resistance to oxidation and thermal shock. The production of UHP graphite electrodes involves several intricate steps, beginning with the calcination of raw petroleum coke, followed by mixing with a binder pitch and extruding to form the electrode shape. This preformed shape is then baked, impregnated with a pitch to enhance density and strength, and rebaked. The final stage involves graphitization at temperatures above 3,000°C, transforming the carbon structure into graphite, which imparts the desired electrical and thermal properties.
UHP graphite electrodes are predominantly used in the steelmaking industry, specifically in EAFs where they serve as conductors of electricity to generate the high temperatures required to melt scrap steel. Besides steel production, these electrodes find applications in the production of non-ferrous metals, silicon, and phosphorus, as well as in other high-temperature processes such as in the manufacturing of chemicals and glass.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the UHP graphite electrode (600MM) price trend.
Global UHP Graphite Electrode (600MM) Price
The report offers a holistic view of the global UHP graphite electrode (600MM) pricing trends in the form of UHP graphite electrode (600MM) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of UHP graphite electrode (600MM), enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed UHP graphite electrode (600MM) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe UHP Graphite Electrode (600MM) Price
European UHP graphite electrode (600MM) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for UHP graphite electrode (600MM) can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America UHP Graphite Electrode (600MM) Price
The analysis of UHP graphite electrode (600MM) prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific UHP graphite electrode (600MM) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa UHP Graphite Electrode (600MM) Price
The report explores the UHP graphite electrode (600MM) pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific UHP Graphite Electrode (600MM) Price
The UHP graphite electrode (600MM) pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This UHP graphite electrode (600MM) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America UHP Graphite Electrode (600MM) Price
The analysis of UHP graphite electrode (600MM) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | UHP Graphite Electrode (600MM) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, UHP Graphite Electrode (600MM) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of UHP graphite electrode (600MM) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting UHP graphite electrode (600MM) price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The UHP graphite electrode (600MM) price charts ensure our clients remain at the forefront of the industry.
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