1、 Raw material report:

1. Nickel: on November 10, the latest price of nickel in London was 19435 US dollars, down 205 US dollars, down 1.04%. The latest price of Shanghai nickel was 142650 yuan, down 1890 yuan, down 1.31%.   Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai is 10300 yuan / ton.

2. Stainless steel continuous: the latest price was 17845 yuan, down 290 yuan, down 1.60%. The position was 45686 hands and the trading volume was 36965 hands.

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

Imported 304 12800 13000304 grade I new materials from Jiangsu, Zhejiang and Shanghai 13600 13800 from Jiangsu, Zhejiang and Shanghai;

316 raw meal 18000 18200316 clinker 18200 18400 in Jiangsu, Zhejiang and Shanghai;

309 charge 2014 10500 10700310 charge 2520 charge in Jiangsu, Zhejiang and Shanghai 25500 25700;

330 charge 3515 Jiangsu Zhejiang Shanghai 39400 39600.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800 burr 20900 yuan / ton, 304 / No.1 20100 yuan / ton; 321 / No.1 23400 yuan / ton; 316L / No.1 29000 yuan / ton.

Middle plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 21400 yuan / ton, 321 material 25300 yuan / ton, 316L material 30600 yuan / ton.

2. Dongte hot rolling guide price: 19500 yuan / ton for s30403 material 4-12mm, 19800 yuan / ton for 14mm, 20500 yuan / ton for 16mm; 28900 yuan / ton for s31603 material 4-12mm, 29300 yuan / ton for 14mm, 29800 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: 20200 yuan / ton for 304 material; 23300 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: 18200 yuan / ton for s30400 material, 26000 yuan / ton for 316L material, 2060 yuan / ton for TP321 material and 19400 yuan / ton for 321 material.

2. [Delong round steel ￠ 65-130] price: 18000 yuan / ton for s30400 material and 25800 yuan / 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 (inquiry), 25900 yuan / ton for TP316L material ￠ 150-250, tp317 (inquiry), 26400 yuan / ton for ls2205 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 31.3 yuan / kg; s31603 material 40.7 yuan / kg;

4. [Zhejiang Benji welded pipe] 219-813 * 4-6 pickling specification - 30408 material 25.9 yuan / kg; s31603 material 36.9 yuan / kg; 32168 material 31.8 yuan / kg

4、 Inventory statistics of stainless steel market on November 4

According to Mysteel statistics:

（1） . national mainstream market inventory

The total inventory was 630000 tons, a decrease of 15500 tons or 2.40% 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 120600 tons, a decrease of 5900 tons or 4.69%;

4. The national mainstream market 300 is 401400 tons this week, a decrease of 25000 tons, a decrease of 0.62%;

5. The national mainstream market 400 is 108100 tons this week, a decrease of 15500 tons, a decrease of 6.16%;

（2） Steel mill inventory

At the end of October, the inventory of 15 mainstream steel mills in China was 876400 tons, down 4.32% month on month and 27.67% year-on-year. Among them, 200 series were 323000 tons, down 3.58% month on month and 35.27% year-on-year; 300 series were 386400 tons, down 7.14% month on month and 30.53% year-on-year; 400 series were 167000 tons, down 1.27% month on month and 6.71% year-on-year;

5、 Output statistics of stainless steel bars

According to Mysteel statistics, the total output of bars of 15 domestic stainless steel plants in October 2121 was 156400 tons, a decrease of 6400 tons compared with the previous month, a month on month decrease of 3.93%, a year-on-year decrease of 36.50%, including:

1. The output of 200 series was 3000 tons, unchanged month on month;

2. The output of 300 series was 143300 tons, a month on month decrease of 2.38%;

3. The output of 400 series was 10100 tons, a month on month decrease of 22.31%.

6、 Market analysis

Lubin gradually entered the rainy season, raw materials tightened and expected temperature rise, and domestic ferronickel plants were also affected by power and production restriction. However, the downstream stainless steel was still affected by power and production restriction, and the output continued to decline slightly in October, dragging down the demand for nickel.

Recently, the external market sentiment is weak. Although the stainless steel inventory is relatively low, there is no new good in the short term. The space above the stainless steel futures price is limited. As the steel mills resume production one after another, the price is dragged down by the external sentiment. However, in the future, the dual control of energy consumption and power and production restriction may continue to limit the supply side, and the price of raw materials is difficult to loosen, so the supply will be reduced and reduced Low inventory status brings some support to the price of stainless steel.

As the spot price continued to fall and the transaction situation was poor, the superimposed futures contract continued to fall under the influence of market sentiment, and the stainless steel market price faced strong resistance. In the absence of new positive conditions, stainless steel was short.

In October, the statistical data of national major engineering projects decreased compared with that in September, while the data in October last year increased significantly compared with that in September. The depression of the manufacturing industry and real estate industry composed of the economic core directly led to the fact that the steel price is still difficult to find the bottom under the condition of reduced supply. The reduction of engineering projects and the market demand are lower than expected: on the one hand, the steel price has remained high before On the other hand, due to the impact of uncertain factors such as epidemic situation and extreme weather, the wait-and-see at the downstream purchasing end is increasing.

At this stage, the coal price has tended to be normal under the national regulation and control, and the cost has gradually decreased. The recovery of coal price is also conducive to the protection of power supply and the solution of the dilemma of steel mills switching and power restriction. It is conducive to the recovery of production and supply. It is expected that the price will still operate weakly in the short term.

7、 The central banks trillion red envelopes "ask for warmth" in the cold winter

On November 2, the national Standing Committee proposed: "in the face of new downward pressure on the economy and new difficulties for market players, we should effectively implement pre adjustment and fine adjustment." On November 8, the peoples Bank of China launched the carbon emission reduction support tool. According to the data of the third quarter of 2021, the cumulative balance of green loans is 14.78 trillion, which will reach 1 trillion according to the investment scale, and its target is manufacturing and land economy. It covers everything from New infrastructure to new energy, and comprehensively supports key areas by reducing interest rates and refinancing It can be said that under the situation of insufficient development of traditional manufacturing industry, high-tech manufacturing industry will become a warm sun in the cold winter, and the admission of trillions of funds is bound to promote the economic recovery. On the basis of complementing the traditional infrastructure such as railways, roads and bridges, we will vigorously develop new energy, new energy vehicles, charging piles, 5g, UHV, artificial intelligence and industrial interconnection Network, smart city, intercity high-speed railway, intercity rail transit, big data center, new energy vehicles, charging piles, education, medical treatment and other new infrastructure.

The splashes in the field of new infrastructure will inevitably be transmitted into the iron and steel industry, whether it is the body of new energy vehicles, school buildings necessary for education, medical hospitals or the laying of new intercity transportation roads. Therefore, the promotion of new infrastructure is to enhance the application of steel to a certain extent. From this point of view, trillions of red envelopes are owned by the industry and will also be shared in one Promote the demand for steel to a certain extent. With demand, the bottom characteristics of price will naturally appear, and the date for the industry to get out of the "winter" is not far away.