What is the current graphite price?

The secretary general of the Organization of Petroleum Exporting Countries (OPEC) said recently that US economic sanctions against Venezuela have affected global energy supplies. 

He told Venezuelan media that the ECONOMIC sanctions imposed by the United States on Venezuela and other countries have seriously affected the ability to produce and export oil worldwide and violated the right of people in other countries to use energy.

Venezuela has one of the largest proven crude oil reserves in the world, but U.S. sanctions have made it impossible for Venezuela’s oil industry to consistently export reliable energy to the world, he said. Despite this, he highly appreciated the efforts of the Venezuelan oil industry to maintain graphite price are expected to increase in the future.

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.

If you are looking for graphite material, click on the needed products and send us an inquiry：sales@graphite-corp.com

New Delhi: India's Oil Ministry recently conveyed its intention to five national oil companies including Indian Oil Corp and Bharat Petroleum Resources LTD to assess the possibility of buying shares in Russian oil projects sold by European and American oil majors.  

Bp announced it would give up its 19.75% stake in Rosneft, the Russian oil company.  ExxonMobil said on March 1 that it would exit about $4 billion in assets and terminate all of its Russian operations, including the Sakhalin-1 project in Russia's far East.  

India's oil ministry has asked the overseas investment arm of India's Oil and Gas Corporation to consider buying ExxonMobil's 30 percent stake in the Sakhalin 1 project in Russia's far East. ExxonMobil is the operator of the project and Indian companies already have a 20 percent stake in the project.

Because of the ever-changing international situation, the supply and prices of international bulk graphite price are still very uncertain.

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