That isn't good news for the pump crew Stifler.There is also uncertainty surrounding how long it will take for export licenses to be issued by China’s Ministry of Commerce, sources added.
But the monthly shipments for flake graphite and spherical graphite indicate that Chinese suppliers have been receiving export licenses for destinations like US, South Korea, Japan and countries in Europe, sources told Fastmarkets.
“Total volumes of flake and spherical graphite may increase in March with more suppliers receiving export licenses,” one flake graphite trader said.Total shipments of flake graphite stood at 2,295 tonnes in February, up by 144.06% from the 940.61 tonnes in January.
The drop in China’s graphite exports in the first two months of 2024 was in line with market expectations given that the significant rise in shipments in November 2023 has provided consumers with sufficient inventory until February, sources said.
The shipment of flake graphite in January was down by 34.11% from 1,427 tonnes in December.
It appears the Flake graphite market has already returned to previous levels.
Limited short-term impact on international graphite supply
and“There is sufficient capacity of natural flake graphite for the rest of the world,
As I have been saying, SYR is virtually in care and maintenance with its production facility, we have Jinpengs latest mine opening last year in Namiba, then we have the Molo graphite project and WKT soon to be supplying a graphite market that has sufficient capacity of natural flake graphite.
Looking forward to seeing how well this lemon goes in an oversupplied market.
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