1、 Raw material report:

1. Nickel: on September 9, the three-month closing price of London nickel was 21753 US dollars, up 173 US dollars, or 0.81%. The latest price of Shanghai nickel was 174800 yuan, up 680 yuan, or 0.39%. Shanghai high carbon ferrochromium fecr55c1000 (50 basis) 7800 yuan / 50 basis tons, up 200. Luoyang ferromolybdenum femo60 178000 yuan / ton, up 4000.

2. Stainless steel continuous: the latest price is 16990 yuan, up 480 yuan, up 2.91%. The position was 80756 lots and the turnover was 84072 lots.

3. Price of Dainan waste stainless steel

201 old pipe 5150-5250304 industry 11500-11700304 new material 11600-11700304 particle 10600-10700;

316 particle 16700-16800316 large furnace 17900-18000310 clinker 29800-30000;

430 no film 4450-4650431 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 18200 yuan / ton for 1; 321 / No.1 22100 yuan / ton; RMB 27200 / T 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: 16200 yuan / ton for 304 material 4-12mm, 16400 yuan / ton for 14mm; 16900 yuan / ton for 16mm; 316L material: 25700 yuan / ton for 4-12mm and 26100 yuan / ton for 14mm; 26600 yuan / ton for 16mm;

3. Jiuquan Iron and steel 2205 hot rolling 27800 yuan / ton, dongte 2205 hot rolling 26100 yuan / ton, up 500.

4. Qingshan hot rolling: 304 material 16000 yuan / ton;

5. Zhangpu guide price: 304 material 17000 yuan / ton, 321 hot rolling 19700 yuan / ton; 316L hot rolling 25900 yuan / ton.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel September futures price ￠ 65-130] price s30400 material 16000 yuan / ton,; 316L material is 25100 yuan / ton, TP321 material is 18500 yuan / ton, 321 material is 17300 yuan / ton, s22053 material (ITU) is 24800 yuan / ton, and 310S material (ITU) is 40800 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: 15600 yuan / ton for s30400 material, 24400 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 28000 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 - 39.7 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 - 22.6 yuan / kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 34.1 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 8, 2022, the social inventory of stainless steel in the national mainstream market was 738565 tons, a significant decrease of 80007 tons over last week, a decrease of 9.77%, including:

The total inventory of cold-rolled stainless steel was 337512 tons, a decrease of 35350 tons or 9.48% over last week;

The total inventory of hot-rolled stainless steel was 401053 tons, a decrease of 44657 tons or 10.02% over last week;

The total inventory of 200 series was 107428 tons, a decrease of 8561 tons or 7.38% over last week;

The total inventory of 300 series was 369792 tons, a decrease of 44968 tons or 10.84% over last week;

The total inventory of 400 series was 261345 tons, a decrease of 26478 tons or 9.20% over last week.

Wuxis inventory was 394086 tons, a decrease of 53022 tons or 11.86% over last week.

Foshans inventory was 127271 tons, a decrease of 9584 tons or 7.00% over last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 217208 tons, a decrease of 17401 tons or 7.42% over last week.



5、 Market analysis

Since late August, the price of stainless steel has continued to rise. As the main downstream of nickel, the strong operation of stainless steel has significantly boosted the price of nickel. Benefiting from the recovery of stainless steel prices and the expectation that Indonesia will impose export tariffs on nickel and pig iron, there is renewed interest in the nickel industry chain. Prior to this, stainless steel showed an unusually weak performance due to its own fundamental problems, which led to the downward shift of the focus of the entire industrial chain. The current rise in stainless steel prices indicates that the industrial chain is gradually repairing and improving, and also drives the bullish sentiment of nickel prices.

In the recent stage, stainless steel has shown resistance to falling at its current position and has continued to rebound. If it continues to perform strongly in the future, it may drive a wave of bullish sentiment in nickel. However, on the whole, the high level of nickel has appeared, and it is advisable to be cautious in chasing more.