Hello skumar1,
My first question is, 'what type of phenolic binder are you using'. Some phenolic binders are very potent (completely dissolve graphite) and some are a very poor binder (cause graphite to precipitate).
This is only a suggestion (I am not sure if you are set up for this type of modification to your process): Use a phenolic dissolver that slightly dissolves the graphite near the beginning of your process, when you reach the portion of your process that requires a larger granulated form of graphite, add a precipitator/binder. This will combine the graphite particles to larger size.
Another set of possibilities is to lower the speed of the granulator or lower the volume of binder used. You could also lower the amount of crushing/grinding time.
Before you make any changes to a process, perform small laboratory trials first.
Sincerely,
Eugene