1、 Raw material report:

1. Nickel: On November 15, the three-month closing price of nickel in London was US $30254, a sharp increase of US $1414, or 4.90%. The latest price of nickel in Shanghai was RMB 207550, up 1900, or 0.92%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8400 yuan/50 basis tons. 215,000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 17080 yuan, up 430 yuan or 2.58%. 49845 positions and 83115 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5300-5400; 304 Industrial 12000-12100304 New material 12000-12100304 Shavings 11200-11400.

316 shavings 18500-18600; 316 large furnace 19400-19500; 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; 21200 yuan/ton for 321/NO.1; 28,700 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: 16600 yuan/ton for materials of 304 4-12mm, 16800 yuan/ton for materials of 14mm; RMB17300/ton for 16mm; S31603 material: 28100 yuan/ton for 4-12mm, 28500 yuan/ton for 14mm; RMB 29000/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 29100 yuan/ton; Dongte 2205 hot rolling is 28500 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, 17200 yuan/ton,; 316L material is 26600 yuan/ton, TP321 material is 19700 yuan/ton, 321 material is 18500 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 26600 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] S30,400 material 20,000 yuan/ton, 316LS material 31,600 yuan/ton, 32,107 material 22,000 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 - 36.5 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 415908 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

On the news side, the President of Indonesia met with the Chairman of Jiangsu Delong at the G20 Business Summit and said that Indonesia must stop exporting raw materials in order to obtain more added value. The nickel price may be boosted emotionally. Luni has risen for six consecutive trading days since November 7, with a cumulative increase of US $6859, or 29.32%.

The main reason for the sharp fluctuation of Lunyi nickel futures price is the lack of liquidity, while low inventory and low liquidity are more vulnerable to the impact of capital; At the same time, due to the high dependence on foreign nickel in China, the linkage risk may occur in the internal market under the sharp fluctuation of the external market price. Under the abnormal trend of Luni Nickel, the import loss continued to increase. A traders early booking of Sumitomo resources was cancelled. At present, Norway and Sumitomo resources are hard to find in the market, and the trader has no import plan. At present, the ferrochrome market is affected by the falling price of raw material ore end, the cost pressure of ferrochrome enterprises has been reduced, and the manufacturers quotation has tended to be lower.

The center line of 304 stainless steel is expected to be empty, and the short-term cost support is strong, so it is treated with the idea of shock. The production capacity of the stainless steel midline is abundant, the supply pressure is large, and the midline is expected to be pessimistic. However, the price of short-term raw materials is firm, the cost is high, and the steel plant suffers from immediate profit losses. In addition, there are uncertainties about the possible implementation of Indonesias nickel iron export policy in the fourth quarter. The short-term stainless steel price is treated as a shock.