1、 Raw material report:

1. Nickel: On November 7, the three-month closing price of nickel in London was 23395 dollars, down 416 dollars, or 1.75%. The latest price of nickel in Shanghai was 190680 yuan, down 2320 yuan, or 1.20%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8500 yuan/50 basis tons. 202000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 16475 yuan, down 230 yuan, or 1.38%. 60830 positions and 50999 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5500-5600; 304 Industrial 12300-12400304 New material 12300-12400304 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 RMB17900/ton; 21300 yuan/ton for 321/NO.1; 28800 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20,200 yuan/ton, 321 material 26,900 yuan/ton, 316L material 31,500 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; RMB17,300/ton for 16mm; S31603 material: 28300 yuan/ton for 4-12mm, 28700 yuan/ton for 14mm; 29200 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 16400 yuan/ton;

5. Guiding price of Zhangpu 17600 yuan/ton for 304 material, 20000 yuan/ton for 321 hot rolling; 316L hot-rolled 28600 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [November futures price of Qingshan round steel ￠ 65-130] S30400, 17100 yuan/ton,; 316L material is 27600 yuan/ton, TP321 material is 19600 yuan/ton, 321 material is 18400 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 17000 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, acid pickling, weighing delivery - 29.3 yuan/kg;

Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube, acid pickling, weighing delivery -- 42.6 yuan/kg;

Stainless steel seamless tube S32168, specification 25 * 2 * 6000, cold drawn tube, pickled, weighed and delivered - 33.1 yuan/kg;

Stainless steel welded pipe 30408, specification 219-813 * 4-6, pickled, weighed and delivered - 23 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid pickling, weighing delivery - 36.7 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 November 3, 2022, the social inventory of stainless steel in the national mainstream market will be 664771 tons, a decrease of 3078 tons or 0.46% over last week, including:

The total inventory of cold rolled stainless steel was 322238 tons, a decrease of 8382 tons or 2.54% compared with last week;

The total inventory of hot rolled stainless steel was 342533 tons, 5304 tons more than last week, up 1.57%;

The total inventory of the 200 series was 116688 tons, down 2194 tons or 1.85% from last week;

The total inventory of 300 series was 384388 tons, an increase of 7972 tons or 2.12% over the previous week;

The 400 series inventory totaled 163695 tons, a decrease of 8856 tons or 0.46% over last week.

Wuxi has 416157 tons of inventory, 2799 tons more than last week, up 0.68%.

Foshans inventory was 120020 tons, 5489 tons less than last week, a decrease of 4.37%.

The inventory of Zibo, Jieyang, Shenyang and Xian is 128594 tons, 388 tons less than last week, a decrease of 0.30%.

5、 Market analysis

Affected by the strike activities of the main port workers in South Africa, the inventory of chromium ore ports in late October fell 8.5% month on month, and the production cost of high carbon ferronickel rose 390 yuan/50 basis tons month on month, an increase of 4.7%. The impact of the strike in South Africa gradually diminished in November, and the price of chrome ore is expected to fall back.

Judging from the current major stainless steel application industries such as home appliances and construction, the "golden nine and silver ten" has passed, and the demand may have little room for growth. On October 30, commercial housing in large and medium-sized cities was 9.88 million square meters, down 24.9% month on month;

In terms of nickel, macro factors switched frequently. Influenced by the Indonesian nickel iron tax event, LMEs ban on nickel sales in Russia, the Federal Reserves violent interest rate hike and other events, nickel and stainless steel fluctuated frequently and intensified.

In November, the demand in the golden nine and silver ten peak seasons is fading away, and the downstream consumption expectation is weakening. During the year, the economic trend rate will remain stable and slow, and the stainless steel consumption may continue to remain sluggish in November. Although the market is still waiting for LMEs resolution on Russian metals, the nickel price is supported by more emotions. Once the news falls short of expectations, the nickel price may fluctuate violently again. The cost support of stainless steel is relatively strong, but under the background that the repair of domestic real estate is not as expected and consumption continues to slow down, it may fall in shock.