1、 Raw material report:

1. Nickel: on August 27, the latest price of nickel in London was US $18785, up US $13, or 0.07%. The latest price of Shanghai nickel was 141280 yuan, down 2950 yuan, or 2.05%.   Shanghai ferrochrome fecr55c1000 (50 basis) is 10400 yuan / ton, and Shanghai ferromolybdenum femo60 is 165500 yuan / ton.

2. Stainless steel continuous: the latest price was 17365 yuan, down 335 yuan, down 1.89%. The position is 46567 and the trading volume is 41854.

3. Price of Dainan waste stainless steel

201 Ni≈1-1.5%5850-6050 ，202 Ni≈3.5-4% 7000-7300 ，301 Ni≈5.8% 9600-9800 ；

304 Ni≥8％； Primary material 12600-12800304 Ni ≈ 7.6-8%; Return material 12000-12100;

316 return material 17000-17200, Ni ≥ 10%; Grade I material 17400-17500316l Ni ≥ 10% Mo ≈ 2% 17600-17800;

310S Ni=18-19% 21800-22000，430 Cr≈16%-18%； Mn ≈ 1% - 2% 4850-5000431 return material 3180-3280;

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 19000 yuan / ton of 304 / No.1; 22000 yuan / ton of 321 / No.1; 27700 yuan / ton of 316L / No.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 21300 yuan / ton; 304L material 21400 yuan / ton, 321 material 24700 yuan / ton, 316L material 30200 yuan / ton.

2. Dongte hot rolling guide price: s30408 material: 18700 yuan / ton for 4-12mm, 18900 yuan / ton for 14mm and 19400 yuan / ton for 16mm; S31603 material: 27100 yuan / ton for 4-12mm, 27500 yuan / ton for 14mm and 28000 yuan / ton for 16mm; 309S hot-rolled white coil is 26500 yuan / ton, 310S hot-rolled white coil is 37800 yuan / ton, and 2205 hot-rolled white coil is 27000 yuan / ton.

3. Qingshan hot rolling: 304 material 18000 yuan / ton; 316L hot rolling 25800 yuan / ton

4. Zhangpu guide price: 19200 yuan / ton for 304 materials; 321 hot rolling 21900 yuan / ton; 316L hot rolling 27100 yuan / ton.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel ￠ 65-130] 302 material: 16900 yuan / ton; 17000 yuan / ton of TP304 material; 304L material: 17200 yuan / ton; 24800 yuan / ton of 316L material; 321 material: 18500 yuan / ton; The price of f321 material is 19700 yuan / ton.

2. [Delong round steel ￠ 65-130] 302 material 16700 yuan / ton; 304 material 16900 yuan / ton, 316L material 25000 yuan / ton.

2. [Fukai bar] starting from 30 tons: 24400 yuan / ton for s22053 material ￠ 65-130, 25000 yuan / ton for TP316L material ￠ 150-250, 17500 yuan / ton for TP304 material ￠ 150-250, 62000 yuan / ton for 904L material ￠ 65-130, 32000 yuan / ton for tp317l material ￠ 65-130, 31000 yuan / ton for S32750 material ￠ 65-130 and 36500 yuan / ton for 2520 material ￠ 65-130.

3. [Yongxing bar ￠ 65-130] 304 material 20200 yuan / ton; TP321 material: 23100 yuan / ton; 316 material 29500 yuan / ton; 316L material: 32500 yuan / ton; S22053 material 28500 yuan / ton.

4. [Huaxin Lihua bar ￠ 65-130] 304 material 19800 yuan / ton; 316ls material 27500 yuan / ton; 32107 material 22000 yuan / ton;

5. [Zhejiang Benji heat exchange tube] 25 * 2 * 6000 cold drawn specification - 30408 material, 29.2 yuan / kg; S31603 material: 39 yuan / kg;

6. [Zhejiang Benji welded pipe] 219-813 * 4-6 pickling specification - 30408 material 25.7 yuan / kg; S31603 material: 36.2 yuan / kg; 32168 material: 30.1 yuan / kg

4、 Inventory statistics of stainless steel mainstream markets (Foshan, Wuxi, Jieyang, Zibo, Shenyang and Xian):

According to the statistics of Mysteel stainless steel, on August 26, the inventory of stainless steel in the national mainstream market was 724300 tons, an increase of 70000 tons or 0.98% over last week.

1. Wuxi market 439000 tons, a decrease of 4300 tons, a decrease of 0.10%;

2. Foshan market was 204000 tons, an increase of 12800 tons, an increase of 6.71%;

3. The national mainstream market was 186500 tons, an increase of 10800 tons, an increase of 6.16%;

4. The mainstream market in China was 415800 tons, a decrease of 9900 tons or 0.24%;

5. The 400 mainstream markets in China are 122000 tons, a decrease of 2800 tons or 2.25%;

5、 Market analysis

1. Comprehensive aspects

Stainless steel futures fell during the session, and the overall trend gradually weakened. Although the price in the spot market is strong, it is also gradually decreasing, while the price of raw materials is still strong. The spot profit margin of 304 stainless steel is in a state of loss. The shortage continues in the spot market, especially in stainless steel pipes. In addition, according to the market feedback, there is a strong atmosphere of production reduction in steel mills, the demand for raw materials in steel mills is reduced, while the current domestic downstream consumption is weak, the demand in the traditional peak season has not been started, the export demand has also fallen, the production restriction policy has not been strictly implemented, the output of 300 series stainless steel has remained at a high level, the price upward momentum is insufficient, the short-term peripheral sentiment is pessimistic, and the price of stainless steel futures is weak and volatile.

2. FERROCHROME

The interference from the supply side is still on. Ebian Yi Autonomous County ranked lower in the province because of its air quality. In order to reverse the air quality, it issued a notice on the implementation of staggered peak production, which affected the output of some ferrochrome. However, the purchase price of high-carbon ferrochrome in Qingshan in September was 9995 yuan / 50 basis (cash tax included to the factory price), which was 800 yuan / 50 basis ton ferrochrome lower than the bidding price in August, and the overall cost of stainless steel is still high.

3. Expected formation of stainless steel supply end shrinkage

In September, 32 domestic stainless steel plants are expected to produce 2.81 million tons, a month on month decrease of 1.85%; Among them, 2 are 870000 tons, with a month on month increase of 2.82%, 3 are 1.48 million tons, with a month on month decrease of 4.05%, and 4 are 460000 tons, with a month on month decrease of 3.10%. In September, the power restriction in Guangxi was slightly relaxed, and the output of 200 series increased slightly. The expected output in August is 2.863 million tons, including 2 series of 850000 tons, 3 series of 1542000 tons and 400 series of 471000 tons（ Mysteel）