1、 Raw material report:

1. Nickel: On October 19, the three-month closing price of nickel in London was 21945 dollars, up 69 dollars, or 0.32%. The latest price of nickel in Shanghai was 186050 yuan, up 2930 yuan, or 1.60%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8600 yuan/50 basis tons, up 200 yuan. Luoyang ferromolybdenum FeMo60 is 220000 yuan/ton, up 5000 yuan.

2. Stainless steel: The latest price on the 17th was 17590 yuan, up 280 yuan or 1.62%. 62713 open positions and 66166 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5500-5600, increased by 50 yuan; 304 industry 12300-12400304 new material 12600-12700, up 200 yuan; 304 shavings 11500-11700, up 200 yuan.

316 shavings 18200-18400, up 500 yuan; 316 large furnace 19800-19900, up 500 yuan; 310 Clinker 29800-30000;

430 filmless 4500-4600431 recycled material 3850-4050

2、 Reference price of Wuxi stainless steel coil

1. The guide price of hot rolling at TISCO rises by 100 yuan:

300 hot rolling series: 304/NO 18200 yuan/ton for 1; RMB 21700/t for 321/NO.1; 28900 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20200 yuan/ton, 321 material 26900 yuan/ton, 316L material 31500 yuan/ton.

2. The guide price of Dongte hot rolling is increased by 100 yuan: 16900 yuan/ton for materials of 304 4-12mm, 17100 yuan/ton for materials of 14mm; 17600 yuan/ton for 16mm; S31603 material: 28400 yuan/ton for 4-12mm, 28800 yuan/ton for 14mm; 29400 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 29200 yuan/ton, up 300 yuan; Dongte 2205 hot rolling is 28800 yuan/ton, up 300 yuan.

4. Qingshan hot rolling: 16900 yuan/ton for 304 material, up by 100 yuan;

5. Guiding price of Zhangpu 304 material 17900 yuan/ton, 321 hot rolling 19900 yuan/ton; 316L hot rolling 28500 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, acid pickling, weighing delivery - 36.8 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 13, 2022, the social inventory of stainless steel in the national mainstream market will be 724223 tons, 3002 tons less than last week, or 0.41% less, of which:

The total inventory of cold rolled stainless steel was 339733 tons, an increase of 9298 tons or 2.81% over the previous week;

The total inventory of hot rolled stainless steel was 384490 tons, down 12300 tons or 3.10% from last week;

The total inventory of 200 series was 138450 tons, an increase of 6726 tons or 5.11% over the previous week;

The total inventory of 300 series is 378834 tons, a decrease of 3233 tons or 0.85% compared with last week;

The total inventory of 400 series was 206939 tons, a decrease of 6495 tons or 3.04% compared with last week.

Wuxis inventory was 414802 tons, a decrease of 940 tons or 0.23% compared with last week.

Foshans inventory was 147885 tons, 4811 tons more than last week, an increase of 3.36%.

The inventory of Zibo, Jieyang, Shenyang and Xian was 161536 tons, a decrease of 6873 tons or 4.08% over last week.

5、 Market analysis

Recently, the London Metal Exchange (LME) released a discussion paper on Russian metals to solicit market opinions on whether to take sanctions against Russian metals trading in the LME market. This document means that there is a further risk that Russian metals will be restricted from entering the LME circulation in the future.

In the past some time, LME learned that according to the 2022 supply agreement, global metal consumers are willing to accept Russian metals, so LME believed that it is not appropriate to take unilateral measures against Russian brands. However, some market participants told LME that in the preliminary discussion about the 2023 supply agreement, a large number of metal consumers expressed their unwillingness to accept Russian metals in 2023. At the current time point, LME believes that it is appropriate to start market discussion while negotiating the 2023 physical supply contract to ensure that LME can make a correct decision on whether the Russian metal brand is suitable for continued listing.

The increase in production scheduling of downstream steel plants has brought about demand recovery, which will continue to give nickel prices some action; In terms of stainless steel, the supply side exerted pressure to push up the price center, but the downstream was in a strong wait-and-see mood. Although the nickel price is too high on the basic level, the macro sentiment is unstable or the nickel price continues to fluctuate widely. Although the stainless steel price remains high at present, the downstream transactions continue to be light, or it is difficult to sustain the high price of stainless steel.