What is the current graphite price?
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The U.S. and its allies plan to impose sanctions on more Russian industries and supply chains.
The US government representatives recently visited Europe to consult with allies on strengthening and enforcing sanctions to punish Russia. They also plan to take action to disrupt their critical supply chains.
The US government claims that the sanctions imposed on Russia since the invasion began on February 24 have proved extremely effective, plunging Russia into a financial crisis. The sanctions include a freeze on the Russian central bank's foreign exchange assets, a ban on hard currency transactions by major Russian banks and wealthy individuals, and export restrictions on advanced semiconductors and other technologies. The sanctions have weakened the Russian economy and left the Kremlin with fewer resources.
The volatile international political situations will continue to affect the markets and prices of many commodities like the graphite price.
Graphite price have moved higher again over the past month. Fine flake prices have soared.
Graphite Market News - The global graphite market is expected to grow from US$1.64 billion in 2017 to US$2.68 billion by 2025, at a CAGR of 8.5%.
Graphite Company News - Syrah Resources Balama Mine back on track. Tirupati Graphite said that Mozambique granted a mining licence to Balama Central. NextSource Materials adds proprietary anode coating process.
Triton Minerals secures binding offtake agreement for Ancuabe commercial pilot plant. Magnis Energy Technologies New York lithium-ion battery plant is 40% complete. POSCO signs agreement with EcoGraf for battery cathode materials. ZEN Graphene Solutions announces name change to Zentek Ltd.
Welcome to the November edition of Graphite Miner News. November saw further increases in natural graphite prices and some substantial progress, as well as plenty of news from the graphite primary product.
Graphite price news
Over the last 30 days, China Graphite Flake 194 EXW spot prices are up 4.53% and China Flake-195+ EXW is up 2.93%. Note that 94-97% is considered most suitable for use in batteries; this is then increased to 99.9% purity to make "spherical" graphite for lithium ion batteries. Chinese prebaked anode 3% price fell by 2.06%.
Flake, amorphous and spherical graphite prices soar on high costs and strong demand ...... Fine flake graphite prices have risen by 16.67% over the past week, the largest one-week increase in three years.
On Thursday 30 March, Fastmarkets valued graphite electrodes, UHP, FOB China at US$4,250-4,560 per tonne, up US$620-790 (19.05%) since the first valuation of US$3,460-3,940 per tonne on 30 March 19 January 2022.
Similarly, Fastmarkets' FOB China estimate for high-power graphite electrodes on 30 March was US$3,600-3,780 per tonne, up US$610-630 (20.20%) from US$2,990-3,150 per tonne on 19 January.
Graphite electrodes are used in steel production and have been affected by sharp increases in the cost of raw materials. Prices of needle coke and petroleum coke have been rising steadily since the beginning of the year.
According to market sources, in China, the largest producer of synthetic graphite, coke prices have risen by 23.53% and 11.57% per month, respectively, at around 8,000-13,000 yuan ($1,243-2019) per ton and 6,000-7,500 yuan per ton.
In addition to rising raw material prices, the European Commission has also imposed anti-dumping duties on Chinese graphite electrodes, adding to the upward price pressure on European consumers.
Synthetic graphite for lithium-ion battery anodes also faces the same rising raw material costs as graphite electrodes. Furthermore, graphite electrodes and synthetic graphite for anodes can rely on the same graphitization process.
While China's anode market has grown, it has increased competition for these graphitization facilities, and as a result, product supply has tightened considerably, driving up costs and hindering the production of both materials. Those tensions are expected to persist this year even after the worst of China is over.
"Graphitization capacity may become less tight compared to the second half of last year, when China's power crunch was at its peak," a battery producer told Fastmarkets. "But we have to admit that supply is still generally tight across the anode supply chain, be it synthetic feedstock or graphitization."
While raw material prices have risen and graphitization has become more challenging, production in China has also been hampered by preventing the spread of the latest wave of Covid-19 infections.
"In addition to rising raw material prices, downstream consumers are also worried about supply amid the Covid-19 outbreak in China, causing some producers in northern China to disrupt shipments," said a source at the second anode producer.
Soaring costs and tight supplies of raw materials and processing facilities have led to tighter supplies of synthetic anode materials in the fast-growing electric vehicle industry, sources said.
High-quality graphite supplier
Luoyang Moon & Star New Energy Technology Co., LTD, founded on October 17, 2008, is a high-tech enterprise committed to developing, producing, processing, selling, and technical services of lithium-ion battery anode materials. After more than 10 years of development, the company has gradually developed into a diversified product structure with natural graphite, artificial graphite, composite graphite, intermediate phase, and other negative materials (silicon-carbon materials, etc.). The products are widely used in high-end lithium-ion digital power and energy storage batteries.
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Prior to the impact of COVID-19 on the chemicals and materials industry and the price of the graphite price, many industry observers expected low to flat growth in 2021 in all regions outside Asia, with many countries seeing slower growth compared to recent years. Operational excellence has long been a hallmark of the graphite price chemical industry, and many companies are financially able to withstand short-term dips in end-market demand due to rapid leverage from reduced capex on hand.
The analysis shows that, whatever the final course of the pandemic, we can expect the inevitable long-term effects. Workplaces are expected to slowly return to pre-COVID-19 practices. Companies investing in enterprise-wide digital initiatives saw these "payoffs" in the early pandemic environment. For more information about graphite price, please feel free to contact us.