1. Strict environmental regulations and policies promote the development of the industry

In recent years, the Chinese government has promulgated a series of regulations and policies to accelerate technological innovation among graphite electrode manufacturers, aiming to promote industrial integration and eliminate outdated production capacity. As a result of the policy, Chinese graphite electrode manufacturers that fail to meet the environmental requirements will be required to shut down their production facilities. This will benefit leading graphite electrode manufacturers with environmentally friendly production processes and the ability to manufacture high-quality graphite electrodes, which will further increase their market share and enhance their market competitiveness.

2. Favorable industrial and export development environment

China's industrial development has promoted the steady development of graphite electrode downstream applications, such as electric arc furnace steelmaking market, industrial silicon market and yellow phosphorus market. Therefore, stable industrial development is one of the driving forces of the graphite electrode market in China. On the other hand, with the continuous improvement of the technical level and product competitiveness of China's graphite electrode industry, China's graphite electrode will be more and more recognized and trusted by overseas customers, and the export volume of graphite electrode is expected to further increase, becoming a key factor driving the production of China's graphite electrode.

3. Advanced and mature technology

Technological innovation has greatly promoted the industrial transformation and upgrading of China's graphite electrode industry. Most graphite electrode manufacturers, especially some industry leaders, focus on the application of environmental protection technology in graphite electrode production. Advanced and mature technology is very important for making high quality graphite electrode and reducing energy consumption in the process of graphite electrode production. Therefore, advanced and mature technology contributes to the healthy development of China's graphite electrode market.