1、 Raw material report:

1. Nickel: on September 5, the three-month closing price of London nickel was 21458 US dollars, up 929 US dollars, or 4.53%. The latest price of Shanghai nickel was 172250 yuan, up 6790 yuan, or 4.10%. Shanghai high carbon ferrochromium fecr55c1000 (50 basis) 7600 yuan / 50 basis tons. 174000 yuan / ton of Luoyang ferromolybdenum femo60.

2. Stainless steel continuous: the latest price is 16125 yuan, up 410 yuan, or 2.61%. The position was 73347 lots and the turnover was 40951 lots.

3. Price of Dainan waste stainless steel

201 old pipe 5000-5100304 industry 11500-11700304 new material 11600-11700304 particle 10400-10500;

316 particle 16600-16800316 large furnace 17900-18000310 clinker 29800-30000;

430 no film 4500-4700431 recycled material 3850-4050

2、 Reference price of Wuxi stainless steel plate coil

1. TISCO hot rolling guide price:

300 hot rolling series: 304 / No 17800 yuan / ton of 1; 21700 yuan / ton of 321 / No.1; 26800 yuan / ton for 316L / No.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20200 yuan / ton, 321 material 26400 yuan / ton, 316L material 30100 yuan / ton.

2. Dongte hot rolling guide price: 15800 yuan / ton for 304 material 4-12mm, 16000 yuan / ton for 14mm; 16500 yuan / ton for 16mm; 316L material: 25200 yuan / ton for 4-12mm and 25600 yuan / ton for 14mm; 26200 yuan / ton for 16mm;

3. Jiuquan 2205 hot rolling 27800 yuan / ton, dongte 2205 hot rolling 25500 yuan / ton.

4. Qingshan hot rolling: 304 material 15700 yuan / ton;

5. Zhangpu guide price: 304 material 16700 yuan / ton, 321 hot rolling 19600 yuan / ton; 316L hot rolling 25600 yuan / ton.

3、 Reference price of stainless steel pipe rod

1. [September futures price of Qingshan round steel ￠ 65-130] price: s30400 material: 15500 yuan / ton,; 316L material 24600 yuan / ton, TP321 material 18000 yuan / ton, 321 material 16800 yuan / ton, s22053 material (ITU) 24000 yuan / ton, 310S material (ITU) 40300 yuan / ton. 304 round steel price of raw pipe + 800316l round steel price of raw pipe + 900321 round steel price of raw pipe + 850.

2. [Delong round steel ￠ 65-130] price: 15300 yuan / ton for s30400 material, 24100 yuan / ton for 316L material.

3. [Yongxing bar ￠ 65-130] 304 material 18800 yuan / ton, TP321 material 21500 yuan / ton, 316L material 29000 yuan / ton, 316gb material 32800 yuan / ton, s22053 material 29000 yuan / ton.

4. [Huaxin Lihua ￠ 65-130] s30400 material is 19000 yuan / ton, 316ls material is 27600 yuan / ton, and 32107 material is 21200 yuan / ton.

5. [national green round steel ￠ 65-130] s22053 material 24300 yuan / ton, s31008 material 39300 yuan / ton.

6. [Zhejiang Benji pipe reference price]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe pickling weighing delivery - 28.5 yuan / kg;

Stainless steel seamless pipe s31603 material, specification 25 * 2 * 6000 cold drawn pipe pickling weighing delivery - 39.1 yuan / kg;

Stainless steel seamless pipe s32168 material, specification 25 * 2 * 6000 cold drawn pipe pickling weighing delivery - 32.2 yuan / kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 22.2 yuan / kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 33.6 yuan / kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickling and weighing delivery - 29.4 yuan / kg.



4、 Statistics

According to Mysteels research statistics:

On September 2, 2022, the social inventory of stainless steel in the national mainstream market was 818572 tons, a decrease of 58730 tons or 6.69% over the previous week, including:

The total inventory of cold-rolled stainless steel was 372862 tons, a decrease of 17365 tons or 4.45% over last week;

The total inventory of hot-rolled stainless steel was 445710 tons, a decrease of 41365 tons or 8.49% over last week;

The total inventory of 200 series was 115989 tons, a decrease of 5873 tons or 4.82% over last week;

The total inventory of 300 series was 414760 tons, a decrease of 34617 tons or 5.60% over last week;

The total inventory of 400 series was 287823 tons, a decrease of 28240 tons or 8.93% over last week.

Wuxis inventory was 447108 tons, down 29306 tons or 6.15% from last week.

Foshans inventory was 136855 tons, down 3789 tons or 2.69% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 234609 tons, a decrease of 25635 tons or 9.85% over last week.



5、 Market analysis

The Philippine house of Representatives group approved the proposal of levying royalties and export taxes on minerals, but the implementation process of Philippine bills generally takes 3-5 years, with limited impact in the short term. It is expected that the ore price will be relatively strong in September.

Looking ahead to September, the biggest variable is Indonesias export tax. According to previous senior Indonesian officials, the export tax may fall in Q3. It seems that September is the deadline, which is also the logic of long trading. If the export tax collection range is 2-3%, the impact on spot procurement will be limited, but it will push up the cost of ferronickel in Indonesia to a certain extent. The actual impact needs to be announced by the government. In general, driven by the three positive factors of cost support moving up, procurement improving and Indonesian export tax, ferronickel may rebound in September.

Rumors of collection and storage and Indonesias export tax have become uncertain factors, supporting nickel prices below. In addition, affected by the continuous losses, the reduction of stainless steel production has been expanded, and the 300 series has just been shipped, and the stainless steel has gradually strengthened slightly.

In terms of demand, the 300 series has a rigid demand, but the overall consumption of stainless steel has not reversed. In addition to the increase in the output of elevators due to the renovation of old residential areas, the production of stainless steel in the main application fields, including washing machines, refrigerators, air conditioners and so on, has been significantly reduced. The root cause is the overall decline of the real estate. At present, the completion data of the real estate is still declining, and the consumption of stainless steel is still difficult to improve. In contrast to the spot market, the futures market has rebounded slightly since the end of last ten days, mainly because of the support brought by the contraction of the supply side, while the decrease of futures warehouse orders has boosted the rise. In the case of insufficient basic support, it is difficult to maintain the rise due to repeated epidemics and weak real estate.