Different batches of natural graphite powders and electrographite powders were characterized by impurity, degree of graphitization, particle size distribution, specific surface area, and shape characteristics. The graphite balls consist of proper mix-ratio of natural graphite, electrographite and phenolic resin were manufactured and characterized by thermal conductivity, anisotropy of thermal expansion, crush strength, and drop strength. Results show that some types of graphite powders possess very high purity, degree of graphitization, and sound size distribution and apparent density, which can serve for matrix graphite of HTR-PM. The graphite balls manufactured with reasonable mix-ratio of graphite powders and process method show very good properties. It is indicated that the properties of graphite balls can meet the design criterion of HTR-PM. We can provide a powerful candidate material for the future manufacture of HTR-PM fuel elements.