1、 Raw material report:

1. Nickel: on November 26, the closing price of nickel in London was US $19939, down US $728, or 3.52%. The latest continuous price of Shanghai nickel was 147440 yuan, down 4028 yuan, or 2.69%.   Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai is 9400 yuan / ton.

2. Stainless steel: the latest price was 17330 yuan, up 205 yuan, or 1.20%. The position was 562 hands and the trading volume was 107465 hands.

3. Price of Dainan waste stainless steel

201ni ≈ 1-1.5%; 6000-6200304ni ≥ 8%; primary material 12550-12750304ni ≈ 7.6-8%; return material 11950-12050;

316 return material 16950-17150316ni ≥ 10%; primary material 17350-17450316l Ni ≥ 10%, Mo ≈ 2% 17550-17650;

310S Ni = 18-19% 21750-21950430cr ≈ 16% - 18%; Mn ≈ 1% - 2% 5000-5150431 return material 3150-3250.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800 burr 19700 yuan / ton, 304 / No.1 18700 yuan / ton; 321 / No.1 22200 yuan / ton; 316L / No.1 27600 yuan / ton.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20500 yuan / ton, 321 material 24600 yuan / ton, 316L material 29700 yuan / ton.

2. Dongte hot rolling guide price: 18300 yuan / ton for 304 material 4-12mm, 18500 yuan / ton for 14mm, 19000 yuan / ton for 16mm; 27100 yuan / ton for s31603 material 4-12mm, 27500 yuan / ton for 14mm, 28000 yuan / ton for 16mm; 28500 yuan / ton for 2205 hot rolled white coil.

3. Qingshan hot rolling: 304 material 18050 yuan / ton;

4. Zhangpu guide price: 18900 yuan / ton for 304 material; 22000 yuan / ton for 321 hot rolling; 27800 yuan / ton for 316L hot rolling.

3、 Reference price of stainless steel pipe rod

1. [Guoqing round steel ￠ 65-130] price: s30400 material 17700 yuan / ton, 316L material 25200 yuan / ton, TP321 material 19800 yuan / ton, 321 material 18600 yuan / ton. S22053 material 24800 yuan / ton, 310S material 38100 yuan / ton. 304 raw pipe round steel price + 800316l raw pipe round steel price + 900321 raw pipe round steel price + 850.

2. [Delong round steel ￠ 65-130] price: 17600 yuan / ton for s30400 material and 25100 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. [from 30 tons of Anhui Fukai] 19400 yuan / ton for TP304 material ￠ 150-250 (inquiry), 26400 yuan / ton for TP316L material ￠ 150-250 (inquiry), tp317 (inquiry), 26400 yuan / ton for ls2205 material ￠ 65-130 (inquiry), 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 29.9 yuan / kg; s31603 material 38.8 yuan / kg;

4. [Zhejiang Benji welded pipe] 219-813 * 4-6 pickling specification - 30408 material 25.2 yuan / kg; s31603 material 36.1 yuan / kg; 32168 material 30700 yuan / kg

4、 Inventory statistics of stainless steel market on November 25

According to Mysteel statistics, the total inventory in the national mainstream market was 714900 tons, an increase of 58800 tons over last week, an increase of 8.95%.

1. Wuxi market 437300 tons, an increase of 21400 tons, an increase of 5.16%;

2. Foshan market 149400 tons, an increase of 6500 tons, an increase of 4.53%;

3. The total inventory of 200 Series in the national mainstream market was 119100 tons, an increase of 4000 tons, an increase of 3.47%;

4. The national mainstream market 300 is 463100 tons this week, an increase of 27600 tons, an increase of 6.35%;

5. The national mainstream market 400 is 132800 tons this week, an increase of 27100 tons, an increase of 25.66%;

5、 Stainless steel output statistics

According to Mysteel statistics, the crude steel output of 32 domestic stainless steel plants in October 2121 was 2.2650 tons, a decrease of 6.29% month on month and 19.34% year-on-year, including:

1. The output of 200 series was 611900 tons, a month on month decrease of 7.78%.

2. The output of 300 series was 1235500 tons, a month on month decrease of 2.27%, of which the output of 304 was 1102000 tons, a month on month decrease of 2.89%; the output of 316 and 316L was 85500 tons, a month on month increase of 5.04%.

3. The output of 400 series was 409100 tons, a month on month decrease of 14.92%.

In October 2121, the crude steel output of Indonesian stainless steel plant was 420000 tons, a month on month decrease of 7.69% and a year-on-year increase of 47.37%.

6、 Market analysis

From the perspective of domestic supply side, the first is the import of nickel ore. after Indonesias ore ban, the proportion of the Philippines has increased. At present, due to the rainy season, bad weather at the port and difficult transportation and shipment, the import quantity has decreased compared with the previous period, and the short-term import of nickel ore may continue to be tight. In terms of ferronickel, foreign imports are also relatively tight, due to the increased demand for ferronickel outside Shanghai and a ferronickel plant in Indonesia In terms of refining nickel, the failure led to a decline in output. In the past, the peak of domestic power rationing has gradually resumed production, the superimposed cost has decreased, and the profit has been repaired. At present, the output performance is relatively stable. Due to the strong external demand and weak internal demand, the import window is closed. On the whole, the total supply is slightly tight.

In terms of stainless steel, as the peak of power rationing has passed, stainless steel manufacturers have gradually resumed production, and the demand for nickel has increased. However, the downstream stainless steel profits are compressed, the production intention is doubtful, and the output should not be too high. The bottom of stainless steel futures is firm under the state of low warehouse receipts, but after stainless steel plants resume production one after another, there is no positive driving force in the short term, and the action force on stainless steel prices is insufficient.

December may gradually enter the winter storage period, and the downstream consumption is off-season. After a months decline in the early stage, the downstream demand and speculative demand are restrained. In addition, the basis repair is at the right time, but considering the current profit recovery, the steel plant may resume production, and the capital emphasizes stability rather than stimulation in the face of real estate.

Against the background that it is difficult for raw materials to rebound significantly, there is limited room for stainless steel to increase at the end of the year. There is little probability that demand will improve significantly in the off-season. The production restriction at the supply side continues, the steel supply shrinks, and the market continues the pattern of weak supply and demand. After the substantial adjustment in the early stage, the downward momentum of price decline tends to ease, the coke price at the raw material side is still expected to adjust, and the cost of steel production can be further moved down, The market may remain range bound in the short term.