1、 Raw material report:

1. Nickel: On September 16, the three-month closing price of nickel in London was 24249 dollars, up 1122 dollars, or 4.86%. The latest price of nickel in Shanghai was 195840 yuan, up 10480 yuan, or 5.65%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8000 yuan/50 basis tons. 190000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 17210 yuan, 345 yuan, up 2.05%. 64465 positions and 81076 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5350-5450304 Industrial 11500-11700304 New material 11800-12000304 Shavings 10700-10800;

316 shavings 16900-17100316 18000-18200310 clinker 29800-30000;

430 filmless 4450-4650431 recycled material 3850-4050

2、 Reference price of Wuxi stainless steel coil

1. Hot rolling guide price of TISCO:

300 hot rolling series: 304/NO 1 yuan/ton; RMB 23000/ton for 321/NO.1; 28000 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20500 yuan/ton, 321 material 26700 yuan/ton, 316L material 30400 yuan/ton.

2. The guide price of Dongte hot rolling: 16800 yuan/ton for materials of 304 4-12mm, 17000 yuan/ton for materials of 14mm; 17500 yuan/ton for 16mm; RMB26700/ton for 316L material 4-12mm, RMB27100/ton for 14mm; 27600 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling is 27800 yuan/ton, Dongte 2205 hot rolling is 26600 yuan/ton.

4. Qingshan hot rolling: 304 material 16600 yuan/ton;

5. Guiding price of Zhangpu 17600 yuan/ton for 304 material, 19900 yuan/ton for 321 hot rolling; 316L hot rolling 26500 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [Qingshan round steel futures price in September ￠ 65-130] S30400, 16800 yuan/ton,; 25900 yuan/ton for 316L material, 19300 yuan/ton for TP321 material, 18100 yuan/ton for 321 material, 24800 yuan/ton for S22053 material (ITU), and 40800 yuan/ton for 310S material (ITU). 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: 16400 yuan/ton for S30400 material, 25200 yuan/ton for 316L material.

3. [Yongxing rod ￠ 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 19000 yuan/ton, 316LS material 28000 yuan/ton, 32107 material 21200 yuan/ton.

5. [Reference price of Zhejiang Benji pipes]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe, acid pickling, weighing delivery - 29.2 yuan/kg;

Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube, pickled and weighed delivery - 40.7 yuan/kg;

Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube, acid pickling, weighing delivery - 32.7 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid pickling, weighing and delivery - 23.2 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid pickling, weighing delivery - 35.1 yuan/kg;

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



4、 Statistics

According to Mysteel research statistics:

On September 15, 2022, the social inventory of stainless steel in the national mainstream market will be 714346 tons, a decrease of 24219 tons or 3.28% over last week, including:

The total inventory of cold rolled stainless steel was 320041 tons, down 17471 tons or 5.18% from last week;

The total inventory of hot rolled stainless steel was 394305 tons, a decrease of 6748 tons or 1.68% over last week;

The total inventory of 200 series was 112380 tons, an increase of 4952 tons over the previous week, or 4.61%;

The total inventory of 300 series is 353366 tons, a decrease of 16426 tons or 4.44% compared with last week;

The total inventory of the 400 series was 248600 tons, down 12745 tons or 4.88% from last week.

Wuxis inventory was 396411 tons, an increase of 2325 tons or 0.59% over the previous week.

The inventory in Foshan was 122745 tons, a decrease of 4526 tons or 3.56% compared with last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 195190 tons, down 22018 tons or 10.14% from 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 nickel price. Benefiting from the recovery of stainless steel prices and the expectation of Indonesias imposition of export tariffs on nickel pig iron, the nickel industry chain is interested again.

"The overall performance of the non-ferrous sector was good this week, mainly due to the easing of the negative expectation of the US radical interest rate increase. However, from the current data, the probability of 75 basis points of interest rate increase in September is still higher than 50%, and the subsequent monetary policy of the Federal Reserve still needs further data instructions." Cai Li said that, from the domestic perspective, the policy has increased, the economy has recovered steadily under the repeated epidemic, and the demand for nonferrous metals in the "golden nine silver ten" peak season has not yet arrived. On the trend, due to the interest rate increase cycle of the Federal Reserve and the global economic recession, nonferrous metals sector is still facing greater downward pressure, and the current nickel price is still overvalued compared with the fundamentals.

In terms of stainless steel pipes, the market inventory is also decreasing. It is not easy to purchase stainless steel pipes of common specifications made of conventional materials with a little more. At present, there are not many options in the inventory, so it may be good to have them in stock, which is not as full as before.

In the traditional peak season of "golden nine and silver ten", the demand is expected to turn better, but the terminal has not seen significant improvement. The reduction and shutdown of overseas stainless steel production may be beneficial to export. The early stage replenishment may be over, and the turnover within the week will gradually weaken. To sum up, there is no change in the supply side. With the approaching of the traditional peak consumption season, the stainless steel consumption in the future may be improved to a certain extent. It is expected that the short-term stainless steel will have a strong shock trend.