China’s flake graphite market began to
downtrend this week due to some producers offering lower prices
to attract deals in a flat market. Exporters also decreased
flake graphite export prices on softer domestic prices and a
recent weakening in the exchange rate between the yuan and the
Prices for flake graphite +894 moved down further, with more
overseas buyers pressuring prices due to a weakening exchange
rate. Industrial Minerals assessed prices for
flake graphite 94-97% C, +80 mesh at $900-1,200 per tonne,
fob China, on August 23 down from $950-1,210 per tonne the
"Export prices for flake graphite +894 decreased $50 per
tonne as more customers are giving us pressure due to weakening
RMB. The exchange rate of RMB against the US dollar has
weakened from around 6.5 to nearly 6.9 currently, causing
export prices to go down accordingly," a producer in Qingdao
told Industrial Minerals.
flake graphite 94-97% C, -100 mesh also witnessed a
slight decrease with most low-grade prices rangebound at a
lower level due to sufficient supply, while high-grade material
prices remained firm on limited production. Industrial Minerals
assessment for low grade export prices were assessed at
$650-790 per tonne on August 23, down from $655-790 per tonne
the week before.
"Domestic prices for flake graphite -194 are mostly around
4,400 yuan ($640.05) per tonne, but prices below this level
have also been reported by some producers. More overseas buyers
are willing to use an exchange rate of 6.7-6.8 to buy
materials, and export prices have been affected by the
weakening yuan," a trader said.
The latest decline in China follows earlier indications of
weaker prices in the delivered Europe market, which
Industrial Minerals reported on last week.
Chinese spherical graphite export prices remained stable
this week, supported by steady demand from downstream anode
producers. Most producers still held export prices above $2,800
per tonne for the moment, sources said.
"We have not adjusted spherical graphite prices and our
customers keep purchasing with current prices range. Domestic
prices remain firm and more producers still hold prices above
20,000 yuan per tonne," a producer in Qingdao said.
spherical graphite 99.95% C, 15 microns prices were
assessed at $2,800-2,900 per tonne fob China on August 23.
unchanged from last week's assessment.