1、 Raw material report:

1. Nickel: on April 12, the three-month closing price of London nickel was US $32483, down US $1372, or 4.06%. The latest price of Shanghai nickel was 207860 yuan, down 4700 yuan, or 2.21%. Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai was 9700 yuan / 50 basis ton, up 200. Shanghai ferromolybdenum femo60 was 187700 yuan / ton, up 3600.

2. Stainless steel continuous: the latest price is 19265 yuan, down 205 yuan, down 1.15%. The position is 52528 and the trading volume is 33967.

3. Price of Dainan waste stainless steel

201Ni≈1-1.5%7550-7850，304Ni≥8％； Primary material 13100-13300304ni ≈ 7.6-8%; Return material 12600-12800;

316 return material 18150-18350316ni ≥ 10%; Grade I material 18350-18750316l, Ni ≥ 10%, Mo ≈ 2%, 18550-18750;

310S Ni=18-19% 22750-22950，430Cr≈16%-18%； Mn ≈ 1% - 2% 5750-5900431 return material 4300-4500.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800 rough edges 22600 yuan / ton; 21800 yuan / ton of 304 / No.1; 25900 yuan / ton of 321 / No.1; 31900 yuan / ton of 316L / No.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 24500 yuan / ton, 321 material 30700 yuan / ton, 316L material 36000 yuan / ton.

2. Dongte hot rolling guide price: 20400 yuan / ton for 304 material 4-12mm and 20600 yuan / ton for 14mm; 21100 yuan / ton for 16mm; 316L material: 30700 yuan / ton for 4-12mm and 31100 yuan / ton for 14mm; 16mm 31600 yuan / ton;

3. Jiuquan Iron and steel 2205 hot rolling 31500 yuan / ton, dongte 2205 hot rolling 30600 yuan / ton.

4. Qingshan hot rolling: 304 material 19600 yuan / ton;

5. Zhangpu guidance price;: 304 material 20500 yuan / ton, 321 hot rolling 23700 yuan / ton; 316L hot rolling: 30500 yuan / ton.

3、 Reference price of stainless steel pipe rod

1. [may futures price of Qingshan round steel ￠ 65-130] price s30400, material 19400 yuan / ton,; 316L material 28900 yuan / ton, TP321 material 21800 yuan / ton, 321 material 20600 yuan / ton. 304 raw pipe round steel price + 800316l raw pipe round steel price + 900321 raw pipe round steel price + 850.

2. [may futures price of Guoqing special round steel ￠ 65-130] s22053 material 28200 yuan / ton, 310S material 45600 yuan / ton.

3. [Delong round steel ￠ 65-130 sealing plate] price: RMB 20000 / ton for s30400 material and RMB 29500 / ton for 316L material.

4. [Yongxing bar ￠ 65-130] 304 material 22800 yuan / ton, TP321 material 26400 yuan / ton, 316L material 35000 yuan / ton, 316gb material 39600 yuan / ton, s2205 material 32500 yuan / ton.

5. [Huaxin Lihua ￠ 65-130] s30400 material: 23300 yuan / ton, 316ls material: 32800 yuan / ton, 32107 material: 25800 yuan / ton.

6. [Xinchen round steel ￠ 65-130 price negotiation] 17-4PH material 16500 yuan / ton, 347 material 24000 yuan / ton, 316Ti material 28000 yuan / ton, 1.4571 material 29500 yuan / ton, 317L material 33000 yuan / ton, s22053 material 25800 yuan / ton, s25073 material 32800 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, 718 material 150000 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 - 32.6 yuan / kg;

Stainless steel seamless pipe s31603 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 44.5 yuan / kg;

Stainless steel seamless pipe s32168 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 36 yuan / kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 27.5 yuan / kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 39.6 yuan / kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickling and weighing delivery - 33.7 yuan / kg;

4、 Statistics (according to Mysteel):

1. Stainless steel inventory data

Stainless steel stocks accumulated slightly: in March, the total inventory of 15 mainstream stainless steel production enterprises in China was 1.1935 million tons, with a month on month increase of 6.27% and a year-on-year increase of 9.81%. On April 7, the total inventory of stainless steel in the national mainstream market was 834913 tons, an increase of 46194 tons, an increase of 5.86%.

2. Stainless steel production data



In March 2022, the crude steel output of 33 domestic stainless steel plants was 2.9127 million tons, with a month on month increase of 20.72% and a year-on-year decrease of 3.05%.

The output of 300 series crude steel in Indonesia was 407000 tons (300 Series), with a month on month increase of 18.31% and a year-on-year increase of 4.90%.

The total output of wire rod of 18 domestic stainless steel plants was 152900 tons, with a month on month increase of 0.33% and a year-on-year decrease of 20.74%.

In March 2022, the output of 34 domestic stainless steel cold rolling enterprises was 1322600 tons, with a month on month increase of 14.09% and a year-on-year decrease of 2.15%.

5、 Market analysis

The structural shortage of nickel supply still exists in the nickel market, and the stock of the exchange continues to be destocked. However, the irrational rise of nickel price in the early stage destroys the procurement demand of downstream nickel salt enterprises, and the demand for stainless steel is weakened again due to the epidemic. From the perspective of market trend, the impact of Castle Peak incident on nickel price is gradually fading, and nickel is being revalued, which is expected to be completed in the next week. At present, the only unstable factor affecting nickel price is the geopolitics of Russia and Ukraine.

The price of stainless steel also fell after the price of nickel stabilized, reporting near 20000 yuan per ton. Under the influence of the epidemic, the normal demand for stainless steel downstream has not been opened.

During the week, only on the opening day of Wednesday, the downstream just needs replenishment, and the atmosphere is slightly active. In the medium term, the market will still pay attention to the impact of the situation in Russia and Ukraine on nickel supply. At present, the self driving force of stainless steel is insufficient, and its price rise and fall will follow nickel.

There is no bright spot in the domestic consumption of stainless steel. In Europe, due to the reduction of production of some steel mills caused by the energy crisis of the Russian Ukrainian war, the overseas orders of stainless steel are better. However, in the short term, due to the problems of logistics and transportation caused by the domestic epidemic, the transmission of overseas consumption to the price is restricted, and the stainless steel has accumulated a small amount of reserves.