1、 Raw material report:

1. Nickel: on March 7, the latest price of nickel in London was $33353, up $4434, or 15.33%. The latest price of Shanghai nickel was 208110 yuan, up 19760 yuan, or 10.49%. The domestic high-carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai was 9000 yuan / 50 basis ton, and the ferromolybdenum femo60 in Shanghai was 168500 yuan / ton, up 1500 yuan.

2. Stainless steel continuous: the latest price is 20010 yuan, up 1330 yuan, or 7.12%. The position is 48414 hands and the trading volume is 117942 hands.

3. Price of Dainan waste stainless steel

201Ni≈1-1.5%7150-7350，304Ni≥8％； Primary material 12700-12900304ni ≈ 7.6-8%; Return material 12200-12400;

316 return material 17750-17950316ni ≥ 10%; Grade I material 18250-18350316l, Ni ≥ 10%, Mo ≈ 2%, 18150-18350;

310S Ni=18-19% 22350-22750，430Cr≈16%-18%； Mn ≈ 1% - 2% 5350-5500431 return material 4000-4100.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800, rough edge 21800 yuan / ton, up 800 yuan; 20000 yuan / ton of 304 / No.1; 24000 yuan / ton of 321 / No.1; 29400 yuan / ton of 316L / No.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 21100 yuan / ton, 321 material 26000 yuan / ton, 316L material 30300 yuan / ton.

2. Dongte hot rolling guide price: 304 material increased by 1150 yuan, 20500 yuan / ton for 4-12mm and 20700 yuan / ton for 14mm; 21200 yuan / ton for 16mm; 316L material increased by 1200 yuan, 30000 yuan / ton for 4-12mm and 30400 yuan / ton for 14mm; 30900 yuan / ton for 16mm; 2205 hot rolled white skin coil 30000 yuan / ton, up 1200 yuan.

3. Qingshan hot rolling: 304 material 20000 yuan / ton, up 1150 yuan;

4. Zhangpu guidance price: 304 material 20000 yuan / ton, up 600 yuan; 321 hot rolling 22900 yuan / ton, up 700 yuan; 316L hot rolling 29600 yuan / ton, up 700 yuan.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel ￠ 65-130 sealing plate] price s30400, material 18700 yuan / ton,; 316L material 27300 yuan / ton, TP321 material 21100 yuan / ton, 321 material 19900 yuan / ton. 304 raw pipe round steel price + 800316l raw pipe round steel price + 900321 raw pipe round steel price + 850.

2. [Guoqing special round steel ￠ 65-130] s22053 material 25100 yuan / ton, 310S material 40400 yuan / ton.

3. [Delong round steel ￠ 65-130] price: 18400 yuan / ton for s30400 material and 27000 yuan / ton for 316L material.

4. [Yongxing bar ￠ 65-130 tube blank] 304 material: 21300 yuan / ton, TP321 material: 24500 yuan / ton, 316L material: 32000 yuan / ton, 316gb material: 35800 yuan / ton, s2205 material: 30300 yuan / ton.

5. [Huaxin Lihua ￠ 65-130] s30400 material 22100 yuan / ton, 316ls material 31500 yuan / ton, 32107 material 24700 yuan / ton.

6. [UBS round steel ￠ 65-130] 17-4PH material 16500 yuan / ton, 347 material 24000 yuan / ton, 316Ti material 28300 yuan / ton, 1.4571 material 29500 yuan / ton, 317L material 33000 yuan / ton, s22053 material 25800 yuan / ton, s25073 material 33000 yuan / ton, F55 material 35500 yuan / ton, 310S material 41500 yuan / ton, 254SMO material 62000 yuan / ton, 904L material 62500 yuan / ton, 825 material 90000 yuan / ton, 400 material 180000 yuan / ton, 625 material 170000 yuan / ton, 800H material 65000 yuan / ton, 600 material 158000 yuan / ton.

7. [reference price of Zhejiang Benji pipe]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 31.1 yuan / kg;

Stainless steel seamless pipe s31603 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 41.7 yuan / kg;

Stainless steel seamless pipe s32168 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 34.4 yuan / kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 25.8 yuan / kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 37.3 yuan / kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickling and weighing delivery - 30.6 yuan / kg;

4、 Market analysis

Nickel is undoubtedly the most beautiful non-ferrous metal this week. Under the supply concerns caused by the geographical conflict between Russia and Ukraine, the prices of nickel and stainless steel soared all the way. In the context of the strong LME nickel and the domestic stable growth environment, the expectation of stainless steel consumption in March is optimistic. It is necessary to be vigilant that the price of stainless steel may be undervalued and repair the market, and treat it with cautious and more ideas.

In terms of supply, the gap of electric nickel cannot be made up by the existing high production of nickel matte in the short term. The reality is still tight. The global inventory continues to go to the warehouse, the electric nickel is still in a gap state, and the premium remains high. Russias nickel production accounts for about 6% of the global nickel supply, and the geopolitical risks of Russia and Ukraine have aroused market concerns.

Since the substantial increase of stainless steel pipes last year, businesses mainly focus on bag dropping for safety operation, so the inventory continues to decline. Now, due to the war conflict between Russia and Ukraine, demon nickel is surging, and stainless steel has to be adjusted significantly. Such a high level leads businesses to continue to focus on warehouse out, and replenishment will only occur under the condition of necessity. If this continues, the inventory of stainless steel pipes will inevitably continue to decline, The phenomenon of spot shortage in the market will become more and more serious.

On the demand side, domestic stainless steel production capacity has been continuously released. In March, the output of 300 series stainless steel increased by 23.1% month on month and 12.3% year-on-year, and the demand for nickel as a raw material increased; Overseas stainless steel demand remained strong and manufacturing continued to recover. New energy still maintained a high boom. In January, the production and sales of new energy vehicles reached 452000 and 431000 respectively, down 12.6% and 18.6% month on month, with a year-on-year increase of 1.3 times and 1.4 times.

On the whole, the spot of pure nickel is still tight, and the global inventory continues to decline. With the release and climbing production of high matte nickel and MHP capacity, the pressure of raw material shortage will be gradually reduced. New energy still maintains a high boom; At this stage, under the background of pure nickel tension, the geographical conflict has pushed the nickel price to a high level. It is expected that the short-term nickel price will remain strong. We need to pay attention to the further development of the situation between Russia and Ukraine.