1、 Raw material report:

1. Nickel: On October 12, the three-month closing price of nickel in London was 22292 dollars, up 213 dollars, or 0.97%. The latest price of nickel in Shanghai was 184110 yuan, up 4440 yuan, or 2.47%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8400 yuan/50 basis tons. 215000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 16500 yuan, up 180 yuan or 1.10%. 59700 positions and 44349 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5450-5550304 Industry 12300-12400304 New material 12400-12600304 Shavings 11300-11400;

316 shavings 17700-17800316 large furnace 19300-19400310 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 17800 yuan/ton for 1; RMB 21700/t for 321/NO.1; 27900 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20000 yuan/ton, 321 material 26900 yuan/ton, 316L material 30600 yuan/ton.

2. The guide price of Dongte hot rolling: 16500 yuan/ton for materials of 304 4-12mm, 16700 yuan/ton for materials of 14mm; 17200 yuan/ton for 16mm; 27600 yuan/ton for 316L material 4-12mm, 28000 yuan/ton for 14mm; 28500 yuan/ton for 16mm;

3. Jiuquan Steel 2205 hot rolling is 27500 yuan/ton, Dongte 2205 hot rolling is 27300 yuan/ton.

4. Qingshan hot rolling: 16300 yuan/ton for 304 material;

5. Guiding price of Zhangpu 17500 yuan/ton for 304 material, 19900 yuan/ton for 321 hot rolling; 316L hot rolling 27400 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [Qingshan round steel futures price in October ￠ 65-130] S30400, 16300 yuan/ton,; 316L material is 26400 yuan/ton, TP321 material is 19400 yuan/ton, 321 material is 18200 yuan/ton, S22053 material (ITU) is 24800 yuan/ton, 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] The price is 16000 yuan/ton for S30400 material and 26100 yuan/ton for 316L material.

3. [Yongxing rod ￠ 65-130] 304 material 19300 yuan/ton, TP321 material 22000 yuan/ton, 316L material 30000 yuan/ton, 316GB material 34000 yuan/ton, S22053 material 30000 yuan/ton.

4. [Huaxin Lihua ￠ 65-130] S30400 material is 19600 yuan/ton, 316LS material is 29000 yuan/ton, 32107 material is 21800 yuan/ton.

6. [Guoqing ￠ 65-130] S22053 material is 26000 yuan/ton, 310S material is 41000 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 delivery - 23.3 yuan/kg;

Stainless steel welded pipe S31603, specification 219-813 * 4-6, pickled, weighed and delivered - 36 yuan/kg;

Stainless steel welded pipe 32168, specification 219-813 * 4-6, acid pickling, weighing delivery - 29.3 yuan/kg.



4、 Statistics

According to Mysteel research statistics:

On October 9, 2022, the social inventory of stainless steel in the national mainstream market will be 727225 tons, an increase of 33307 tons or 4.80% over the previous week, including:

The total inventory of cold rolled stainless steel was 330435 tons, an increase of 16058 tons or 5.11% over the previous week;

The total inventory of hot rolled stainless steel was 396790 tons, an increase of 17249 tons or 4.54% over the previous week;

The total inventory of 200 series was 131724 tons, an increase of 16575 tons over the previous week, or 14.39%;

The total inventory of the 300 series was 382067 tons, an increase of 33491 tons or 9.61% over the previous week;

The total inventory of 400 series was 213434 tons, a decrease of 16759 tons or 7.28% compared with last week.

Wuxis inventory was 415742 tons, 28511 tons more than last week, an increase of 7.36%.

Foshans inventory was 143074 tons, an increase of 24643 tons or 20.81% over the previous week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 168409 tons, a decrease of 19847 tons or 10.54% compared with last week.

5、 Market analysis

At present, the contradiction between the negative situation of the middle line of nickel and the status quo of low inventory is deadlocked. The increase in the supply of intermediate goods is faster than the increase in the consumption of nickel in the new energy sector, and the supply and demand of refined nickel in the middle line will gradually become excessive. However, the global dominant inventory of refined nickel is still at a historical low. The nickel price elasticity is relatively large under the condition of low inventory and low warehouse receipts. The market sentiment is strong in the traditional consumption peak season of "Jin Jiu Yin Shi". The low inventory of nickel is easy to be hyped by funds, so it is treated as a shock.

The willingness of stainless steel to continue to rise has declined, and the recovery of social libraries also shows that there is indeed pressure on downstream demand. With the increase of raw material price and the decrease of finished product price, the spot profit of stainless steel plant gradually weakens. The production capacity of 304 stainless steel midline is abundant, the production growth potential is great, the cost center of gravity continues to move downward, and the midline is expected to be pessimistic. However, in October, the supply and demand of stainless steel is expected to be strong, the profits of steel mills will improve and the output will rise. The consumer end is expected to perform well in the traditional peak season, and there is also some support at the cost end. Later, it will still face the uncertainty brought by the consumer end and Indonesian policies, and the short-term stainless steel price will be treated as a shock.