The American novelist, Mark Twain, once famously said: The reports of my death are greatly exaggerated, after reading about his passing in the New York Journal.
Graphite producers might be justified in making a similar jibe, given the pricing news IM received from the graphite market this week.
According to both market participants and analysts, the recent softening in graphite prices is not as sharp as has been widely reported.
While I agree that graphite prices are lower of late, I do think the magnitude of the change has been exaggerated, one source said.
Prices for large flake graphite (94-97% C, +80 mesh and +100 mesh -80 mesh) were around $150/tonne above IMs ranges of $1,300-1,800/tonne and $1,100-1,700/tonne (FCL, CIF...