1、 Raw material report:

1. Nickel: On December 11, the three-month closing price of nickel in London was 29825 dollars, down 1225 dollars, or 3.95%. The latest price of nickel in Shanghai was 218040 yuan, down 2560 yuan, or 1.16%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8300 yuan/50 basis tons. Luoyang ferromolybdenum FeMo60 was 245000 yuan/ton, up 15000 yuan, or 6.38%.

2. Stainless steel: The latest price on the 17th was 17550 yuan, up 125 yuan or 0.72%. 81168 positions and 124329 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5300-5400; 304 Industrial 12500-12700304 new material 12600-12800304 shavings 11200-11400.

316 shavings 19100-19300; 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 18200 yuan/ton for 1; 21400 yuan/ton for 321/NO.1; 29000 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20000 yuan/ton, 321 material: 26700 yuan/ton, 316L material: 31300 yuan/ton.

2. The guide price of Dongte hot rolling: 17000 yuan/ton for materials of 304 4-12mm, 17200 yuan/ton for materials of 14mm; 17700 yuan/ton for 16mm; S31,603 material: 28,900 yuan/ton for 4-12mm, 29,300 yuan/ton for 14mm; 29800 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: RMB 16900/ton for 304 material;

5. Guiding price of Zhangpu 17600 yuan/ton for 304 material, 20200 yuan/ton for 321 hot rolling; 316L hot-rolled 28,900 yuan/ton.

3、 Reference price of stainless steel tube and bar

1. [Qingshan round steel futures price in January ￠ 65-130] S30400, 17100 yuan/ton,; The price of 316L material sealing plate is 27100 yuan/ton, that of TP321 material is 19700 yuan/ton, and that of 321 material is 18500 yuan/ton. The price of 304 raw round steel is+800316L raw round steel+900321 raw round steel+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 22100 yuan/ton, 316L material 32000 yuan/ton, 316GB material 36200 yuan/ton, S22053 material 32500 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. [Jiangyin Hanzhou ￠ 65-130 Fukai Material] 2205/F60 material 28000 yuan/ton, 2507 material/F53 material 36500 yuan/ton, 630/17-4PH material 18000 yuan/ton,

6. [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 - 23.4 yuan/kg;

Stainless steel welded pipe S31603, specification 219-813 * 4-6, pickled, weighed and delivered -- 37.3 yuan/kg;

Stainless steel welded pipe 32168, specification 219-813 * 4-6, acid pickling, weighing delivery -- 29.6 yuan/kg.

4、 Statistics

According to Mysteel research statistics:

On December 8, 2022, the social inventory of stainless steel in the national mainstream market will be 797655 tons, an increase of 24208 tons over the previous week, or 3.13%, of which:

The total inventory of cold rolled stainless steel was 420195 tons, an increase of 18692 tons over the previous week, or 4.66%;

The total inventory of hot rolled stainless steel was 377460 tons, an increase of 5516 tons or 1.48% over the previous week;

The total inventory of the 200 series was 161063 tons, 2501 tons more than that of the previous week, up 1.58%;

The total inventory of 300 series is 450282 tons, 14506 tons more than that of last week, 3.33% more;

The 400 series inventory totaled 186310 tons, an increase of 7201 tons or 4.02% over the previous week.

Wuxis inventory was 394275 tons, a decrease of 21386 tons or 5.15% compared with last week.

Foshans inventory was 246924 tons, an increase of 36539 tons or 17.37% over the previous week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 156456 tons, an increase of 9055 tons or 6.14% over the previous week.

5、 Market analysis

In December, the total output of the national stainless steel plants increased slightly on a month on month basis. The increase was mainly reflected in the resumption of production of 300 series stainless steel by the steel plants, mainly due to the recovery of profit space of 300 series stainless steel, and the superposition of spot transactions was good. At the alloy end, civil orders are still weak, while pure nickel steel is still needed for military orders. On the demand side, the stainless steel plant is expected to improve, the profit will be repaired, the raw material price will be compromised, and the market transaction will be active again.

In terms of supply, the arrival rhythm of the steel plant has been accelerated, and the social warehouse shows signs of accumulation. Although the profits of the steel plant are still in deficit, they are gradually recovering. In terms of demand, some local infrastructure projects have been started successively, and the demand for hot rolling has been transmitted smoothly to the terminal. In addition, due to the strong operation of the panel, the atmosphere of market price rise is strong. Although the market transaction is still light, it has improved slightly compared with November.

In general, the nickel market price has deviated from the fundamentals. Even if the US CPI data did not exceed expectations, the price may fall back, but we need to pay attention to the impact of capital on the market; The stainless steel market is in a state of weak reality and strong expectation. Although the turnover has not improved significantly in the short term, the price is expected to rise after the Spring Festival next year as the domestic economic fundamentals gradually repair.