1、 Raw material report:

1. Nickel: on September 1, the latest price of nickel in London was $19548, up $1, or 0.01%. The latest price of Shanghai nickel was 148520 yuan, up 300 yuan, or 0.20%.   Shanghai ferrochrome fecr55c1000 (50 basis) is 10200 yuan / ton, and Shanghai ferromolybdenum femo60 is 157000 yuan / ton.

2. Stainless steel continuous: the latest price was 18050 yuan, down 245 yuan, down 1.34%. The position is 49151 and the trading volume is 49647.

3. Price of Dainan waste stainless steel

201 Ni≈1-1.5%5750-5950 ，202 Ni≈3.5-4% 6900-7200 ，301 Ni≈5.8% 9500-9700 ；

304 Ni≥8％； Primary material 12500-12700304 Ni ≈ 7.6-8%; Return material 11900-12000;

316 return material 16900-17100, Ni ≥ 10%; Grade I material 17300-17400316l Ni ≥ 10% Mo ≈ 2% 17500-17700;

310S Ni=18-19% 21700-21900，430 Cr≈16%-18%； Mn ≈ 1% - 2% 4750-4900431 return material 3150-3250.

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; 27300 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 18300 yuan / ton; 316L hot rolling 26000 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; 24900 yuan / ton for 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 24700 yuan / ton.

2. [Fukai bar] starting from 30 tons: 24500 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 37500 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

Recently, the transaction price of domestic high ferronickel has continued to rise. Due to the high price of nickel ore, ferronickel manufacturers are reluctant to sell. Even if the price of stainless steel has rebounded recently, the spot profit margin of 304 stainless steel is still on the edge of profit and loss. Nickel may face pressure for the rest of the year due to weak macroeconomic data in China and Chinas plan to reduce stainless steel production.

According to market news, due to strengthening the dual control of energy consumption, Guangxi has implemented production restriction requirements for six local stainless steel plants. Beigang new material undertakes the task of reducing crude steel in 2021, and further reduces the output by 20% on the basis of the production scheduling plan in September. Yongda, CICC, Jinhai, Xinfeng, Hezhou Pengda, etc. the output in September shall not exceed 70% of the average monthly output in the first half of 2021; And the power load shall not exceed 70% of the average monthly power load in the first half of the year. Therefore, the production and electricity of Guangxi stainless steel enterprises are limited, or there is a good support for the future market of stainless steel, but the specific scheme still depends on the actual documents.

Market sentiment picked up, nickel prices continued to rise, and the disk rebounded due to the impact of dual control policy on energy consumption in Guangxi. However, the inventories of Foshan and Wuxi rebounded slightly. ITC futures commented that if the follow-up consumption continues to weaken and the steel plant may further suppress the raw material price, it is recommended to callback for a short time, pay attention to risk control and continue to pay attention to the progress of production reduction.

Recently, the production restriction policy has attacked again, boosting market confidence. At the same time, the peripheral sentiment has warmed up, the price of ferronickel at the raw material end has continued to rise, and the price of stainless steel futures has strengthened. The supply of goods in the spot market is still not abundant, the price of raw materials is still strong, the spot profit margin of 304 stainless steel is in a state of loss, the expectation of limited production of stainless steel plants still exists in the middle line, and the fundamentals of 304 stainless steel are still supported. However, at present, the demand in the traditional peak season has not been started. At present, the impact of the production restriction policy on the supply of 300 series is still limited, and the upward power of price is temporarily insufficient.