1、 Raw material report:

1. Nickel: On December 7, the three-month closing price of nickel in London was 31441 dollars, up 2170 dollars, or 7.41%. The latest price of nickel in Shanghai was 214180 yuan, up 5150 yuan, or 2.46%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8300 yuan/50 basis tons. 230000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel: The latest price on the 17th was 16820 yuan, up 230 yuan or 1.39%. 68691 positions and 91724 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5300-5400; 304 Industrial 12200-12400304 New material 12400-12500304 Shavings 11200-11400.

316 shavings 18900-19100; 316 large furnace 19400-19500; 310 Clinker 30200-30400;

430 filmless 4600-4,700,431 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 17700 yuan/ton for 1; 21000 yuan/ton for 321/NO.1; 28600 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 19900 yuan/ton, 321 material 26600 yuan/ton, 316L material 31200 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; 17,400 yuan/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 29000 yuan/ton; Dongte 2205 hot rolling is 28700 yuan/ton.

4. Qingshan hot rolling: 304 material 16500 yuan/ton;

5. Guiding price of Zhangpu 17400 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. [Qingshan round steel futures price in January ￠ 65-130] S30400 material 16900 yuan/ton,; 316L material is 27100 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] 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] S30400 material is 20200 yuan/ton, 316LS material is 31200 yuan/ton, 32107 material is 22500 yuan/ton.

5. [Guoqing ￠ 65-130] S22,053 material is 26,200 yuan/ton, 310S material is 41,500 yuan/ton.

6. [Jiangyin Hanzhou ￠ 65-130 Fukai Material] 2205/F60 material 28,000 yuan/ton, 2507 material/F53 material 36,500 yuan/ton, 630/17-4PH material 18,000 yuan/ton,

7. [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 material, specification 219-813 * 4-6, acid pickling, weighing delivery - 23.1 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 December 1, 2022, the social inventory of stainless steel in the national mainstream market will be 674131 tons, an increase of 20923 tons over the previous week, or 3.20%, of which:

The total inventory of cold rolled stainless steel was 339832 tons, an increase of 14300 tons over the previous week, or 4.39%;

The total inventory of hot rolled stainless steel was 334299 tons, an increase of 6623 tons or 2.02% over the previous week;

The total inventory of 200 series was 112171 tons, an increase of 7931 tons or 7.61% over the previous week;

The total inventory of 300 series was 392841 tons, an increase of 6724 tons or 1.74% over the previous week;

The 400 series inventory totaled 169119 tons, an increase of 6268 tons or 3.85% over the previous week.

Wuxis inventory was 415661 tons, 6872 tons less than last week, a decrease of 1.63%.

Foshans inventory was 111069 tons, an increase of 14839 tons over the previous week, or 15.42%.

The inventory of Zibo, Jieyang, Shenyang and Xian was 147401 tons, an increase of 12956 tons or 9.64% over the previous week.

5、 Market analysis

"Demon Nickel" surged 10% to a seven month high, and the media said LME was again a target for acquisition. On Wednesday, December 7, the media quoted insiders as saying that the Intercontinental Exchange (ICE) proposed to acquire the London Metal Exchange from the parent company Hong Kong Exchanges and Clearing Limited earlier this year. Although ICE was rejected at that time, it may try again in the future. In addition, people familiar with the matter said that the Chicago Mercantile Exchange (CME) also said that it might be interested in bidding for LME in the future.

LME said that it intends to release the independent investigation results of the nickel crisis this month, and the Financial Conduct Authority and the Bank of England are also reviewing the matter. At the same time, Elliott Investment Management and Jane Street jointly sought damages of 471 million dollars from LME, and some other hedge funds and proprietary traders are also taking legal action, which may be the prelude to further claims. In addition, due to the nickel trading crisis in March this year, LMEs credit in the market has been greatly discounted, and its liquidity has fallen to the lowest level in ten years.

On Wednesday, some media said that, as the worlds largest buyer, some Chinese nickel buyers have asked manufacturers to use the Shanghai Futures Exchange (SHFE) contract to price their nickel supply next year. If Chinese buyers succeed in the negotiations, LMEs position in the global metal market will be further weakened. Chinese market participants said that the decline in liquidity and low inventory led to continued high prices in London this year, which did not reflect market fundamentals. The media quoted people familiar with the matter as saying that a large Chinese trading company said that metal importers mainly used for stainless steel production suffered heavy losses due to high prices in London.

On the news side, Indonesian KOMPASTV said on Wednesday morning that Indonesia considered resuming nickel ore export and collecting taxes. "This is the first time that Indonesia has loosened its grip on nickel ore export since it lost the WTO lawsuit. However, considering that there are many nickel processing plants invested in Indonesia, it is difficult to judge the impact of nickel ore export if it resumes." High prices restrain demand to some extent, and there is pressure above.