This week, the domestic price of graphite electrode is stable operation, most electric furnace steel production holiday, the long process bidding is basically saturated, the transaction atmosphere of graphite electrode field turned light, graphite electrode enterprises to implement the existing orders. As of January 26, the mainstream quotation of UHP400mm specifications on the market is 16500-17500 yuan / ton, the mainstream quotation of UHP450mm specifications with 30% needle coke content is 16500-17000 yuan / ton, the mainstream quotation of UHP600mm specifications is 19000-20000 yuan / ton, and the UHP700mm quotation is 23000-24000 yuan / ton. In terms of raw materials, the price of needle coke was flat compared with last week, the price of petroleum coke rose again, and the upstream raw material price of graphite electrode showed an overall upward trend, boosting the confidence of the graphite electrode market. On the supply side, the graphite electrode market started stable this week, the mainstream graphite electrode enterprises maintain normal production state, small and medium-sized enterprises only to maintain downstream customer demand to maintain low load production, individual enterprises have shut down pressure and other processes, plan to resume production in March. On the demand side, short process steel mills have fully stopped production holiday, some long process steel mills have basically completed the year before the stock, the recent no procurement demand, the overall market demand for graphite electrode is weak.

Raw materials: this week needle coke market trading flat, Overall downstream demand is general, Needle coke market operating rate level continues to remain low, Pre-festival needle coke market price fluctuation is not large, Specifically speaking, Coal system needle coke 7500-8500 yuan / ton, The mainstream price of oil system needle coke is 5800-8100 yuan / ton, Normal shipments of the low-sulfur coke market this week, Low-sulfur coke refinery starts at a low level, The purchasing willingness of downstream enterprises has decreased, Low-sulfur coke market prices continue to rise, Specifically speaking, Daqing Petrochemical 1 # A price increased by 4.87% to 3,230 yuan / ton; Fushun petrochemical 1 # price rose 4.63% in 3390 yuan / ton; Dagang Petrochemical 1 # A price rose by 5.45% to 2,900 yuan / ton; Jinxi Petrochemical 1 # B price rose by 5.28% at 2,990 yuan / ton; Jinzhou Petrochemical 1 # B price rose by 5.45% at 2,900 yuan / ton, Anqing Petrochemical 3 # A, the price is at 2,730 yuan / ton.

 Steel mills: although the electric furnace steel mills stop production for the Spring Festival increased, but most manufacturers will prepare to the beginning of February, coupled with some bases to accelerate to the warehouse, the overall arrival of steel mills is ok. This week, the southern electric furnace steel mills have announced plans to stop production, half of the manufacturers concentrated in late January production. According to the statistics of Xinhua Information, as of January 25, the capacity utilization rate of 135 electric furnace steel mills in China was 47.4%, down 3.57% from the previous month, the decline continued to expand, and the output of electric furnace steel fell to 283,700 tons / day. The recent steel market good news continues to release, following the Ministry of Transport will be moderately ahead of the railway infrastructure investment, cut the reserve requirement and quality

 Housing enterprise blood transfusion policies have also boosted market confidence to some extent. At the same time, the profit of the main production area of electric furnace steel mills is still about 150 yuan higher than the medium and medium process steel mills, and the overall inventory pressure of the market is not large, it is expected that after the electric furnace steel production will still maintain a good situation.

Afternoon forecast: graphite electrode raw material prices stop rebound, boost graphite electrode market confidence, manufacturers push up mood, but due to most of the independent electric furnace steel production is expected to start after production, to late February graphite electrode demand will gradually repair, graphite electrode price stability is expected in the short term.

 Electric furnace steel: electric furnace production for the Spring Festival, the market inventory pressure is not big

 This week, the overall supply and demand of domestic construction steel market is weak, many small and medium-sized blast furnaces and independent electric furnace stopped production, and the futures market rose, the market price is stable and slightly higher, traders' inventory is not much, the market mentality is good. As of January 25, the average price of domestic rebar is 3982 yuan, up 24 yuan from last weekend. In terms of raw materials, the domestic scrap steel price rose slightly this week, and the long process steel mills are still active. Although the electric furnace steel mills stopped production for the Spring Festival, most manufacturers will prepare storage until early February, and some bases to accelerate the warehouse, the overall arrival of steel mills is ok. This week, the southern electric furnace steel mills have announced plans to stop production, half of the manufacturers concentrated in late January production.

Capacity utilization rate: According to the statistics of Xin Information, as of January 25, the capacity utilization rate of 135 electric furnace steel mills in China was 47.4%, down 3.57% from the previous month, the decline continued to expand, the output of electric furnace steel fell to 283,700 tons / day. The recent good news in the steel market continues to release, following the Ministry of Transport will moderately advance the railway infrastructure investment, the reserve requirement reduction and the policy of blood transfusion for high-quality real estate enterprises also boosted market confidence to a certain extent. At the same time, the profit of the main production area of electric furnace steel mills is still about 150 yuan higher than the medium and medium process steel mills, and the overall inventory pressure of the market is not large, it is expected that after the electric furnace steel production will still maintain a good situation.