1、 Raw material report:

1. Nickel: On September 23, the three-month closing price of nickel in London was 23411 dollars, down 1151 dollars, or 4.69%. The latest price of nickel in Shanghai was 189530 yuan, down 5160 yuan, or 2.65%. 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 16740 yuan, down 305 yuan, or 1.79%. Positions: 26126, trading volume: 41655.

3. Price of Dainan waste stainless steel

201 Old pipe 5450-5550304 Industrial 12000-12100304 New material 12400-12600304 Shavings 11100-11200;

316 shavings 17600-17700316 large furnace 19000-19200310 clinker 29800-30000;

430 filmless 4500-4600431 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 18600 yuan/ton for 1; RMB 23000/ton for 321/NO.1; 28800 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: 16600 yuan/ton for materials of 304 4-12mm, 16800 yuan/ton for materials of 14mm; RMB17300/ton for 16mm; RMB 27400/ton for 316L material 4-12mm, RMB 27800/ton for 14mm; 28300 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling is 28100 yuan/ton, Dongte 2205 hot rolling is 2750 yuan/ton.

4. Qingshan hot rolling: 304 material 16400 yuan/ton;

5. Guiding price of Zhangpu 17700 yuan/ton for 304 material, 19900 yuan/ton for 321 hot rolling; 316L hot rolling 27300 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [Qingshan round steel sealing plate registration ￠ 65-130] price: S30400, material: 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 is 19300 yuan/ton, 316LS material is 28700 yuan/ton, 32107 material is 21500 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 - 35.8 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 22, 2022, the social inventory of stainless steel in the national mainstream market will be 717381 tons, an increase of 3035 tons or 0.42% over the previous week, including:

The total inventory of cold-rolled stainless steel was 320544 tons, 513 tons more than last week, an increase of 0.16%;

The total inventory of hot rolled stainless steel was 396827 tons, an increase of 2522 tons or 0.64% over the previous week;

The total inventory of the 200 series was 110691 tons, down 1689 tons or 1.50% from last week;

The total inventory of 300 series is 374038 tons, 20672 tons more than that of last week, 5.85% more;

The 400 series inventory totaled 232652 tons, a decrease of 15948 tons or 6.42% compared with last week.

The inventory in Wuxi was 411288 tons, an increase of 14877 tons over the previous week, or 3.75%.

Foshans inventory was 117110 tons, down 5365 tons or 4.59% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 188983 tons, down 6207 tons or 3.18% from last week.



5、 Market analysis

This week, the social inventory of stainless steel in the national mainstream market ended four consecutive drops. The increase is mainly reflected in the 300 series hot rolling resources, mainly the hot rolling resources in the Wuxi market have arrived in succession; The 200 series went to the warehouse in a small amount, mainly for the digestion of Foshan market resources; The 400 series is still in the resource digestion stage, which is reflected in Wuxi market and regional market.

There is an expectation of increasing supply in the nickel market. Due to the continuous production of Indonesian projects, the global nickel supply has a significant upward trend. However, the release of Indonesian projects is not pure nickel, so it has not been reflected in the pure nickel inventory. Looking ahead to the future, Indonesia said that it may increase taxes on nickel products in the third and fourth quarters of this year, but it is estimated that the impact is limited. In terms of supply and demand, domestic electrolytic nickel output fell 3.13% month on month in August, while apparent consumption rebounded. Pure nickel inventory was at a relatively low level, which provided some support for early prices. But at the same time, the overseas Indonesian ferronickel, wet intermediate products and stainless steel products continue to flow back, and the supply side is still under great pressure. In addition, in the downstream stainless steel sector, although demand picked up in September, inventory declined, and ferronickel demand improved slightly, supply pressure may reappear after the peak demand of the "golden nine silver ten" season. In general, under the macro pressure, nickel price mainly operates under relative pressure.