Скачать или смотреть GRAPHITE ELECTRODE INDUSTRY CHAIN UPSTREAM, MIDDLE AND DOWNSTREAM MARKETS ANALYSIS 石墨电极产业链上中下游市场剖析

Ⅰ. Industrial chain
Graphite electrode upstream industrial chain is mainly petroleum coke, pitch coke and coal tar pitch; The midstream includes UHP, HP, RP graphite electrodes, carbon brick and special graphite; The downstream steel-making, silicon smelting and yellow phosphorus smelting are carried out through UHP , HP , RP electric arc furnaces and blast furnace.
一.产业链
石墨电极产业链上游以主要为石油焦、沥青焦、煤沥青；中游包括超高功率石墨电极、高功率石墨电极、普通石墨电极、炭砖类、特种石墨；下游通过超高功率电弧炉、高功率电弧炉、普通电炉、高炉进行炼钢、炼硅，炼黄磷等。
Ⅱ. Upstream analysis
1. Needle coke
Needle coke is a new type of high-quality carbon material with silver gray appearance. In recent years, benefiting from China's economic development, China's needle coke output has achieved explosive growth, exceeding 700,000 tons in 2021, is expected to continue to grow in 2022, with the output reaching 930,000 tons.
二.上游分析
1. 针状焦
针状焦是一种新型优质的炭素材料，外观为银灰色。近年来，得益于我国经济发展，中国针状焦产量实现爆发式增长，2021年超70万吨，预计2022年将继续保持增长，产量将达93万吨。
2. Petroleum coke
Petroleum coke capacity utilization rate is low, but it gradually picks up. Petroleum coke is a by-product of petroleum refining industry, whose output basically depends on petroleum refining industry output. In June 2022, China's petroleum coke produced 2.489 million tons, a year-on-year decrease of 1.8%. From January to June 2022, China's petroleum coke produced 14.722 million tons, a year-on-year decrease of 1%.
2.石油焦
石油焦产能利用率低，但逐步回升。石油焦是石油炼化副产品，石油焦产出基本依赖石油炼化产量。2022年6月全国石油焦产量248.9万吨，同比下降1.8%，2022年1-6月全国石油焦产量为1472.2万吨，同比下降1%。
Ⅲ. Midstream analysis
China is the world's largest supplier of graphite electrodes and suffers from overcapacity. In 2021, China's production capacity reached 1.717 million tons, accounting for 65% of the global supply. However, the actual output is only 1.009 million tons, with a corresponding capacity utilization rate of 59%. Although it is significantly improved compared with 2020, but still at a low level.
三.中游分析
中国是全球最大的石墨电极供应国，产能过剩问题严重。2021年，我国石墨电极产能达到171.7万吨，占到全球供应的65%。但实际产量仅有100.9万吨，对应产能利用率59%，虽较2020年有明显改善，但仍处于较低水平。
Ⅳ. Downstream analysis
Steel smelting is the main application field of graphite electrode, accounting for about 80% of its total consumption. Followed by yellow phosphorus and silicon smelting, accounting for 4.8% and 4.1% respectively.
四.下游分析
钢铁冶炼是石墨电极主要应用领域，占石墨电极消费总量的80%左右。其次为黄磷和金属硅冶炼，占比分别为4.8%和4.1%。