Graphite India +6% post GrafTech’s Q3 call, after correcting big time from its 52-week high
Key takeaways for Graphite Electrode (GE) players:
Pricing: GrafTech announced a 30% price hike in Sep’26; customer negotiations progressing well
Realisation: Q4CY26 realizations expected to rise mid-single digits QoQ, with a step-change anticipated from Q1CY27 as new contracts kick in
Margins: CY27 price hikes expected to more than offset higher needle coke & energy costs.
Needle coke: Prices have surged from $1,000–1,200/t at the start of 2026 to $1,700–2,000/t
Key monitorables for Indian GE producers:
- Actual price realisations
- Raw-material cost pass-through
- Final US trade determination
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