1、 Raw material report:

1. Nickel: On November 1, the three-month closing price of nickel in London was 23600 dollars, up 1791 dollars, or 8.21%. The latest price of nickel in Shanghai was 192180 yuan, up 7330 yuan, or 3.97%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8700 yuan/50 basis tons. 207000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 16735 yuan, up 130 yuan or 0.78%. 64631 positions and 85287 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5500-5600; 304 Industrial 12300-12400304 New material 12400-12500304 Shavings 11500-11600.

316 shavings 18900-19100; 316 large furnace 21000-21100; 310 Clinker 30200-30400;

430 filmless 4600-4700431 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 18,100 yuan/ton for 1; 21,300 yuan/ton for 321/NO.1; 28,900 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20500 yuan/ton, 321 material 26900 yuan/ton, 316L material 31500 yuan/ton.

2. The guide price of Dongte hot rolling: 16700 yuan/ton for materials of 304 4-12mm, 16900 yuan/ton for materials of 14mm; 17400 yuan/ton for 16mm; S31,603 material: 28,400 yuan/ton for 4-12mm, 28,800 yuan/ton for 14mm; 29300 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 29100 yuan/ton; Dongte 2205 hot rolling is 28600 yuan/ton.

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

5. Guiding price of Zhangpu 17700 yuan/ton for 304 material, 20000 yuan/ton for 321 hot rolling; 316L hot rolling is 28700 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [November futures price of Qingshan round steel ￠ 65-130] S30400, 17400 yuan/ton,; 316L material is 28000 yuan/ton, TP321 material is 19900 yuan/ton, 321 material is 18700 yuan/ton, 304 raw round steel price+800316L raw round steel price+900321 raw round steel price+850.

2. [Delong round steel ￠ 65-130] The price is 17100 yuan/ton for S30400 material and 27600 yuan/ton for 316L material.

3. [Yongxing rod ￠ 65-130] 304 material 19300 yuan/ton, TP321 material 22000 yuan/ton, 316L material 31500 yuan/ton, 316GB material 35500 yuan/ton, S22053 material 31500 yuan/ton.

4. [Huaxin Lihua ￠ 65-130] S30400 material 20000 yuan/ton, 316LS material 31600 yuan/ton, 32107 material 22000 yuan/ton.

6. [Guoqing ￠ 65-130] S22053 material is 26600 yuan/ton, 310S material is 41900 yuan/ton.

5. [Reference price of Zhejiang Benji pipes]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe, pickled and weighed delivery - 29.6 yuan/kg;

Stainless steel seamless tube S31603, specification 25 * 2 * 6000, cold drawn tube, pickled, weighed and delivered -- 43 yuan/kg;

Stainless steel seamless tube S32168, specification 25 * 2 * 6000, cold drawn tube, pickled, weighed and delivered - 33.4 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid pickling, weighing delivery - 23.6 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickled, weighed and delivered -- 37.2 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 October 27, 2022, the social inventory of stainless steel in the national mainstream market will be 667849 tons, a decrease of 30714 tons or 4.40% over last week, including:

The total inventory of cold rolled stainless steel was 330620 tons, 6985 tons less than last week, or 2.07% less;

The total inventory of hot rolled stainless steel was 337229 tons, down 23729 tons or 6.57% from last week;

The total inventory of 200 series was 118882 tons, down 17584 tons or 12.89% from last week;

The total inventory of 300 series was 376416 tons, an increase of 574 tons or 0.15% over the previous week;

The total inventory of 400 series was 171551 tons, a decrease of 13704 tons or 7.36% compared with last week.

Wuxi has 413358 tons of inventory, 4510 tons less than last week, or 1.08% less.

Foshans inventory was 125509 tons, down 14744 tons or 10.51% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 128982 tons, down 11460 tons or 8.16% from last week.

5、 Market analysis

At the end of October and the beginning of November, the stainless steel plate roll was lowered by about 500, and the stainless steel bars of Qingshan and Delong remained unchanged. However, with the sharp rise of nickel price (especially Lunni) yesterday, Qingshan stainless steel bars rose another 100 yuan on November 2.

Looking ahead, the price trend of stainless steel in November mainly focused on marginal changes in cost, supply and demand.

In terms of cost, high nickel pig iron accounts for a higher proportion of nickel raw materials in the production of 300 series stainless steel, but the price of nickel iron may be weakened in the future. On the one hand, as mentioned above, the demand for stainless steel continues to be weak, which may lead to negative feedback or loose demand for ferronickel. From the current market news, small and medium-sized steel plants have gradually turned to wait-and-see; On the other hand, disturbed by the news of Indonesian nickel export tax, Indonesias ferronickel export has accelerated recently, so the price increase of ferronickel may converge.

In terms of supply, the profit margin of 304 stainless steel is around 6% at present. As far as the steel plant is concerned, the production power is still sufficient towards the end of the year. For the incremental part, Shandong Taigang Xinhai Stainless Steel Co., Ltd. succeeded in hot test. The plant has designed an annual capacity of 1.62 million tons of continuous casting billets, 1.57 million tons of hot rolled steel coils, 1.55 million tons of hot pickled steel coils, mainly 300 series stainless steel. Resources in the future market may continue to be rapidly introduced. In terms of inventory, the reluctance to sell has limited support for the plate in the medium and long term. In the context of increased output and sluggish downstream demand, it is expected that the stainless steel will return to the stock in the future.

In terms of demand, downstream transactions have been declining recently. Stainless steel price support needs to be driven by more downstream orders. However, from the perspective of home appliances, construction and other major stainless steel application industries at the current terminal, "nine gold and ten silver" has passed, and there may be little room for growth in demand. From a macro perspective, a series of plans put forward by major domestic conferences for future economic development are worth looking forward to, but in the short term, it may take time to realize them. The economic trend will probably remain stable and slow in the year. The consumption of stainless steel may remain depressed in November.

Although the cost support of stainless steel is relatively strong due to factors such as the high price of ferronickel factory and the slow delivery efficiency of ferrochrome in South Africa, the terminal demand continues to be weak against the background of less than expected repair of domestic real estate and continued slowdown in consumption, and the downstream fear of decline is heavy, so the stainless steel transaction is limited. Looking ahead, unless there is an expectation that strong profits will stimulate the recovery of stainless steel consumption, the probable price rate of stainless steel will return downward.