SMM Analysis: Raw Material Costs Rise, Surplus Supply Hinders Cathode Carbon Block Price Growth

[SMM Analysis: Wide Increase in Raw Material Low-Sulphur Petroleum Coke; Industry Supply Surplus Makes It Difficult for Finished Product Prices to Rise]

Overall, due to the continuous increase in the prices of raw materials such as low-sulphur petroleum coke and calcined petroleum coke, enterprises face significant cost-side pressure. Currently, the cathode carbon block market is overall well-supplied. Although downstream demand performs well, intense cut-throat competition among enterprises results in insufficient upward momentum for finished product prices. SMM expects cathode carbon block prices to remain largely stable in the short term.