1、 Raw material report:

1. Nickel: On November 10, the three-month closing price of nickel in London was 25949 US dollars, up 1261 US dollars, or 5.11%. The latest price of nickel in Shanghai was 203500 yuan, up 5270 yuan, or 2.66%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8500 yuan/50 basis tons. 206000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 16885 yuan, up 375 yuan or 2.27%. 59638 positions and 83796 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 17800 yuan/ton for 1; 21,200 yuan/ton for 321/NO.1; 28600 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: 16500 yuan/ton for materials of 304 4-12mm, 16700 yuan/ton for materials of 14mm; 17200 yuan/ton for 16mm; S31603 material: 28000 yuan/ton for 4-12mm, 28400 yuan/ton for 14mm; 28900 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: 16300 yuan/ton for 304 material;

5. Guiding price of Zhangpu 17300 yuan/ton for 304 material, 20000 yuan/ton for 321 hot rolling; 316L hot rolling 28500 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [November futures price of Qingshan round steel ￠ 65-130] S30400, 16900 yuan/ton,; 316L material is 26400 yuan/ton, TP321 material is 19400 yuan/ton, 321 material is 18200 yuan/ton, 304 raw round steel price+800316L raw round steel price+900321 raw round steel price+850.

2. [Delong round steel ￠ 65-130] price: 16900 yuan/ton for S30400 material, 26400 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 26200 yuan/ton, 310S material is 41500 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 - 29.4 yuan/kg;

Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube, acid pickling, weighing delivery -- 42.1 yuan/kg;

Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube, acid pickling, weighing delivery - 32.8 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 - 36.4 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 10, 2022, the social inventory of stainless steel in the national mainstream market will be 650199 tons, 14572 tons less than last week, or 2.19% less, of which:

The total inventory of cold rolled stainless steel is 317869 tons, 4369 tons less than last week, 1.36% less;

The total inventory of hot rolled stainless steel was 332330 tons, down 10203 tons or 2.98% from last week;

The total inventory of the 200 series was 106660 tons, down 10028 tons from last week, or 8.59%;

The total inventory of 300 series is 385682 tons, 1294 tons more than last week, an increase of 0.34%;

The 400 series inventory totaled 157857 tons, a decrease of 5838 tons or 3.57% over last week.

Wuxi has 415,908 tons of inventory, 249 tons less than last week, an increase of 0.06%.

Foshans inventory was 108416 tons, down 11604 tons or 9.67% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 125875 tons, a decrease of 2719 tons or 2.11% compared with last week.

5、 Market analysis

In terms of Indonesian ferronickel output, the actual output of Indonesian ferronickel in October 2022 will be 102800 tons, an increase of 0.89% month on month and 43.58% year on year. The output of Indonesias new production increase line continued to climb. In addition to the gradual recovery of Indonesian power supply, the overall output growth maintained a growth trend. It is estimated that Indonesias nickel pig iron production in November 2022 will be 105200 tons of metal, an increase of 2.42% month on month and 43.18% year on year.

From January to September 2022, Chinas ferronickel imports totaled 4.142 million tons, an increase of 1.342 million tons or 47.9% year on year. Among them, the amount of ferronickel imported from Indonesia was 3.813 million tons, with a year-on-year increase of 1.447 million tons, or 61.1%. In the future, as Indonesian production capacity continues to be put into operation, ferronickel imports will still maintain a rapid growth, and the ferronickel market is in a situation of abundant supply.

Recently, the nickel price has been rising, and many events in the industry have also formed the "fuse" of nickel market changes. As of the closing of the domestic futures market on the afternoon of November 10, the main contract of Shanghai Nickel rose 4.3% to 2007500 yuan/ton, reaching a new high of 200000 yuan/ton since September 21. The insiders said that the market risk preference has picked up recently, and the trading atmosphere of the commodity market has warmed up.

The output of downstream stainless steel plants is increasing, and the demand for nickel is improving. The rainy season in the Philippines, the main nickel ore producing area, the London Metal Exchange or the ban on Russian nickel, the large nickel resource country Indonesia or the imposition of taxes on nickel product exports all boosted the performance of the nickel market. The apparent inventory of global refined nickel is still at a historical low. Under the conditions of low inventory and low warehouse receipts, nickel prices are more flexible to rise, which is vulnerable to capital sentiment. In addition, nickel may also be affected by the uncertainty of Russian nickel supply and Indonesian nickel export policies in the later period. In the short term, as the peripheral sentiment recovers, nickel prices will be treated in a cautious and excessive way.

According to Mysteel statistics, in October 2022, the crude steel output of 40 domestic stainless steel plants will be 3.065 million tons, with a month on month increase of 413000 tons, a month on month increase of 15.57%, and a year on year increase of 26.21%. The output of 300 series has increased significantly, and the monthly output is expected to hit a new historical high.