Monthly Graphite Market Report Nov 2025
2025-12-15 08:50:32 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
Flake graphite: Though demand remains weak, prices keep stable based on firm production cost.
Expansible graphite: Based on firm production cost, producers stick to the prices.
Spherical graphite: Based on thin margin, producers hold prices unchanged despite the weak downstream demand.
Amorphous graphite: Owing to the thin profit, producers choose to keep prices steady this month.
2 Economy and Policy
2.1 China's crude steel output down 3.9% in first ten months
In October 2025, China produced 65.55 million tonnes of pig iron, down by 7.9% YoY, 72 million tonnes of crude steel, down by 12.1% YoY, and 118.64 million tonnes of finished steel products, down slightly by 0.9% YoY, according to the National Bureau of Statistics.
From January to October, China's production of pig iron declined by 1.8% YoY to 711.37 million tonnes, crude steel production decreased by 3.9% YoY to 817.87 million tonnes, while finished steel products production increased by 4.7% YoY to around 1.22 billion tonnes.
Flake graphite: Though demand remains weak, prices keep stable based on firm production cost.
Expansible graphite: Based on firm production cost, producers stick to the prices.
Spherical graphite: Based on thin margin, producers hold prices unchanged despite the weak downstream demand.
Amorphous graphite: Owing to the thin profit, producers choose to keep prices steady this month.
2 Economy and Policy
2.1 China's crude steel output down 3.9% in first ten months
In October 2025, China produced 65.55 million tonnes of pig iron, down by 7.9% YoY, 72 million tonnes of crude steel, down by 12.1% YoY, and 118.64 million tonnes of finished steel products, down slightly by 0.9% YoY, according to the National Bureau of Statistics.
From January to October, China's production of pig iron declined by 1.8% YoY to 711.37 million tonnes, crude steel production decreased by 3.9% YoY to 817.87 million tonnes, while finished steel products production increased by 4.7% YoY to around 1.22 billion tonnes.
