1、 Raw material report:

1. Nickel: on October 27, the latest price of nickel in London was $19592, down $110, or 0.56%. The latest price of Shanghai nickel was 144470 yuan, up 130 yuan, or 0.09%.   Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai is 10400 yuan / ton.

2. Stainless steel continuous: the latest price was 18640 yuan, down 900 yuan, down 0.48%. The position was 47383 hands and the trading volume was 32907 hands.

3. Price of waste stainless steel in Jiangsu, Zhejiang and Shanghai

304 primary new material 13900-14100316 raw material 18000-18200316 clinker 18200-18400;

309 charge 2014 Jiangsu Zhejiang Shanghai 10500-10700310 charge 2520 Jiangsu Zhejiang Shanghai 25500-25700330 charge 3515 Jiangsu Zhejiang Shanghai 39300-39500.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800, rough edge 21500 yuan / ton, 304 / No.1 20500 yuan / ton; 321 / No.1 23500 yuan / ton; 316L / No.1 29100 yuan / ton.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 21800 yuan / ton, 321 material 25400 yuan / ton, 316L material 31100 yuan / ton.

2. Dongte hot rolling guide price: 20400 yuan / ton for s30403 material 4-12mm, 20600 yuan / ton for 14mm, 21100 yuan / ton for 16mm; 29400 yuan / ton for s31603 material 4-12mm, 29800 yuan / ton for 14mm, 30300 yuan / ton for 16mm; 29500 yuan / ton for 2205 hot rolled white coil.

3. Qingshan hot rolling: 304 material 20100 yuan / ton;

4. Zhangpu guide price: 20700 yuan / ton for 304 material; 23500 yuan / ton for 321 hot rolling; 29100 yuan / ton for 316L hot rolling.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel ￠ 65-130] price: 19000 yuan / ton for s30400 material, 26800 yuan / ton for 316L material, 21400 yuan / ton for TP321 material and 20200 yuan / ton for 321 material.

2. [Delong round steel ￠ 65-130] price: RMB 18800 / ton for s30400 material and RMB 26600 / ton for 316L material.

2. [Yongxing bar ￠ 65-130 tube blank] 304 material 21000 yuan / ton, TP321 material 23900 yuan / ton, 316L material 30500 yuan / ton, 316gb material 33700 yuan / ton, s2205 material 29300 yuan / ton.

3. [Anhui Fukai] 19400 yuan / ton for TP304 material ￠ 150-250, 27200 yuan / ton for TP316L material ￠ 150-250, 27000 yuan / ton for s2205 material ￠ 65-130, 65000 yuan / ton for 904L material ￠ 65-130 (inquiry), 34000 yuan / ton for S32750 material ￠ 65-130 (inquiry), 39000 yuan / ton for 310S material (inquiry).

4. [Huaxin Lihua ￠ 65-130] s30400 material: 21800 yuan / ton, 316ls material: 30100 yuan / ton, 32107 material: 24000 yuan / ton.

2. [Zhejiang Benji heat exchange tube] 25 * 2 * 6000 cold drawn specification - 30408 material 31.6 yuan / kg; s31603 material 41 yuan / kg;

4. [Zhejiang Benji welded pipe] 219-813 * 4-6 pickling specification - 30408 material 26.8 yuan / kg; s31603 material 37.8 yuan / kg; 32168 material 32.4 yuan / kg

4、 Stainless steel inventory statistics on October 28

According to Mysteel statistics, the total stainless steel inventory in the national mainstream market was 645600 tons, a decrease of 11800 tons or 1.79% compared with last week.

1. Wuxi market 444100 tons, a decrease of 11100 tons, a decrease of 2.44%;

2. Foshan market was 175700 tons, a decrease of 11300 tons, a decrease of 6.03%;

3. The total inventory of 200 Series in the national mainstream market was 126500 tons, a decrease of 24800 tons or 16.39%;

4. The national mainstream market 300 is 403900 tons this week, an increase of 13000 tons, an increase of 3.32%;

5. The national mainstream market 400 is 115200 tons this week, an increase of 005 tons, an increase of 0.04%;

5、 Output statistics of stainless steel bars

According to Mysteel statistics, in September 2121, the total bar output of 15 domestic stainless steel plants was 162800 tons, a decrease of 42000 tons, a month on month decrease of 21.66% and a year-on-year decrease of 34.43%, including:

1. The output of 200 series was 3000 tons, with a month on month decrease of 40%;

2. The output of 300 series was 146800 tons, a month on month decrease of 20.82%;

3. The output of 400 series was 13000 tons, a month on month decrease of 25.92%.

6、 Market analysis

The Philippines has gradually entered the rainy season, with raw materials tightening and expected temperature rise, and domestic ferronickel plants are also affected by power and production restriction. However, the downstream stainless steel is still affected by power and production restriction, and the output is expected to decline slightly in October, dragging down the demand for nickel;

On November 1, the U.S. Congress said it needed more time to assess the impact of President Bidens $1.75 trillion tax and expenditure plan on the economy and government debt. This statement seriously frustrated the possibility of the rapid advancement of the above economic bill. Analysts believe that Bidens economic bill will be reassessed. If it is delayed or reduced, it will increase the bearish sentiment in the market, Lower demand is not conducive to economic recovery. In addition, in China, under the influence of the pilot real estate tax policy, the market expectation is weak, the demand is poor, the price continues to fall, and the medium and long-term steel price is bad.

After the reduction of stainless steel production, the inventory from accumulation to removal indicates that the stainless steel market began to enter a virtuous cycle of supply and demand, but even so, the apparent consumption of stainless steel is still weaker than that in September, especially the 300 series did not go further after the reduction of production, indicating that stainless steel began to enter the two weak stages of supply and demand, and the willingness of stainless steel prices to continue to rise is limited;

In October, although stainless steel has the power to resume production, with weak demand, the further price rise is limited, and nickel sulfate has also entered the bottleneck period of price transmission. Therefore, the weak demand in the downstream has been more difficult to drive the price rise of the industrial chain, and the market has a high probability of falling into a wide range shock. It remains to be seen whether it enters the inflection point of more decline and less rise!