In the wave of global trade protectionism, China graphite electrode exports reached a breakthrough of 26,500 tons in June 2024, with a month-on-month increase of 3.76%, signaling a positive rebound in the market. Russia, the UAE, and Malaysia have become the main export markets for China graphite electrodes, with a particularly significant increase of 878.96% month-on-month to the UAE. The outstanding performance in the Saudi Arabian market is also noteworthy.
Recently, the Chinese government optimized its export control policies for graphite items, canceling controls on low-sensitivity graphite items while adding some high-sensitivity items to the export control list.
This policy adjustment paves the way for high-quality China graphite electrode products to enter the global market, enhancing the international competitiveness of China graphite electrodes.
Facing challenges from global automotive electrification and competition in the new energy battery industry, China graphite electrode exports have encountered trade barriers such as anti-dumping investigations.
China graphite electrode companies are enhancing their competitiveness through strengthened technological innovation and petroleum derivatives product upgrades, and exploring diversified export strategies, such as re-exporting through third countries to circumvent trade barriers and maintain competitiveness in the international market.
Fluctuations in domestic and international market demand require China graphite electrode companies to flexibly adjust their market strategies. Export-capable companies should continue to deepen international market cooperation, whereas domestically-focused companies need to actively seek new consumer demands to maintain business flexibility and stability.
The China graphite electrode industry seeks opportunities amid challenges by continuously innovating and adapting to market changes to maintain competitiveness in the global market.
Overall, in the current market environment, export-capable graphite electrode supplier should continue to deepen their international market presence and stabilize export operations to alleviate domestic market pressure. On the other hand, domestically-focused companies should actively explore new market consumption demands and timely adjust their production strategies to maintain operational flexibility.
