1、 Raw material report:

1. Nickel: on May 23, the three-month closing price of London nickel was US $27973, down US $563, or 2.00%. The latest price of Shanghai nickel was 210380 yuan, down 380 yuan, or 0.15%. Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai is 10000 yuan / 50 basis ton. 175500 yuan / ton of Shanghai ferromolybdenum femo60.

2. Stainless steel continuous: the latest price is 18580 yuan, down 375 yuan, down 1.98%. The position is 39650 hands and the trading volume is 47493 hands.

3. Price of Dainan waste stainless steel

201 old pipe 6200-6300304 industrial 13900-14200304 new material 14000-1430304 shavings 13000-13200;

316 shavings 19800-20000316 large furnace 21400-21600310 clinker 31400-31600;

430 no film 4800-5000431 return 4150-4350

2、 Wuxi stainless steel coil reference price

1. Hot rolling instruction of TISCO:

300 hot rolling series: 22000 yuan / ton of 304 / No.1; 26000 yuan / ton of 321 / No.1; 32100 yuan / ton of 316L / No.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 25200 yuan / ton, 321 material 31400 yuan / ton, 316L material 36800 yuan / ton.

2. Dongte hot rolling guide price: 20100 yuan / ton for 304 material 4-12mm and 20300 yuan / ton for 14mm; 20800 yuan / ton for 16mm; 316L material: 30600 yuan / ton for 4-12mm and 31000 yuan / ton for 14mm; 16mm 31500 yuan / ton;

3. Jiuquan Iron and steel 2205 hot rolling 32000 yuan / ton, dongte 2205 hot rolling 31300 yuan / ton.

4. Qingshan hot rolling: 304 material, 19400 yuan / ton;

5. Zhangpu guidance price;: 304 material 20100 yuan / ton, 321 hot rolling 23600 yuan / ton; 316L hot rolling: 30500 yuan / ton.

3、 Reference price of stainless steel pipe rod

1. [May price of Qingshan round steel ￠ 65-130] price s30400, material 19300 yuan / ton,; 316L material 29000 yuan / ton, TP321 material 21600 yuan / ton, 321 material 20400 yuan / ton. 304 raw pipe round steel price + 800316l raw pipe round steel price + 900321 raw pipe round steel price + 850.

2. [the May futures price of Guoqing special round steel ￠ 65-130 shall prevail] s22053 material is 28200 yuan / ton, and 310S material is 45600 yuan / ton.

3. [Delong round steel ￠ 65-130] price: 19100 yuan / ton for s30400 material and 28700 yuan / 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, s22053 material 32500 yuan / ton.

5. [Huaxin Lihua ￠ 65-130] s30400 material 22800 yuan / ton, 316ls material 33100 yuan / ton, 32107 material 25200 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 - 31.9 yuan / kg;

Stainless steel seamless pipe s31603 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 44.1 yuan / kg;

Stainless steel seamless pipe s32168 material, specification 25 * 2 * 6000 cold drawn pipe, pickling and weighing delivery - 35.3 yuan / kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 26.5 yuan / kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 39 yuan / kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickling and weighing delivery - 32.6 yuan / kg;

4、 Statistics

According to the survey of Mysteel, the social inventory statistics of stainless steel:

On May 19, the total social inventory of stainless steel in the national mainstream market was 908245 tons, an increase of 8543 tons compared with last week, a weekly increase of 0.95% and a year-on-year increase of 13.16%. Among them, 200 are 147220 tons of total inventory, with a decrease of 3459 tons on a week-on-week basis, a decrease of 2.30%; The total inventory of 300 series is 541751 tons, with a decrease of 9908 tons, or 1.80%; The total inventory of 400 series is 219274 tons, with a weekly increase of 8543 tons, an increase of 0.95%.

5、 Market analysis



According to the latest forecast of the international nickel research group (insg), nickel use will further increase by 8.6% this year and exceed the 3 million ton mark for the first time. However, even such a rapid expansion rate cannot be consistent with insgs supply expectations. Insg expects global nickel production to increase significantly by 18.2% driven by the new capacity in Indonesia. Therefore, insg predicts that the nickel supply will return to the moderate surplus of 67000 tons in 2022, but whether this will lead to the decline of nickel price is still a topic of debate in the market. Indonesia, which has huge nickel reserves, will be the main beneficiary of the upsurge in demand for electric vehicle batteries. In 2021, Indonesias nickel production increased by 34.4% to 1.04 million tons, accounting for almost 40% of the total global production. This growth rate is still accelerating. According to insg, Indonesias nickel production increased by 38.2% in the first two months of 2022.

This wave of nickel supply in Indonesia has been widely expected by the market, but the specific time is still problematic because many operators are using innovative processing routes to convert the countrys low-grade ore into materials that can be used for high-performance lithium-ion batteries. Therefore, analysts participating in the Reuters survey expect Lun nickel to fall to US $26800 per ton in the third quarter.

At present, stainless steel is characterized by a pattern of high cost, low profit, high inventory and weak demand. It is difficult to reduce the supply significantly, the consumption performance is weak, the inventory is at a high level, the future raw material price may move down, and the overall supply and demand is weak. However, as the industrial voice is concentrated in the upstream hands, the stainless steel plant has a loss of immediate profits under the current price, the short-term price is more affected by cost support than consumption, and the basis is at a high level.