1、 Raw material report:

1. Nickel: On December 22, the three-month closing price of nickel in London was $29240, down $351, or 1.19%. The latest price of nickel in Shanghai was 216510, down $2970, or 1.35%. Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) was 8800 yuan/50 basis tons, up 500 yuan, or 6.02%. Luoyang FeMo60 was 268000 yuan/ton, up 23000 yuan or 9.39%.

2. Stainless steel: The latest price on the 17th was 16245 yuan, down 170 yuan, or 1.04%. 71881 positions and 80230 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5300-5400; 304 Industrial 12500-12700304 New material 12700-12900304 Shavings 11300-11500.

316 shavings 19800-19900; 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: 17900 yuan/ton for 304/NO.1; 21200 yuan/ton for 321/NO.1; RMB 30000/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 32700 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; 17400 yuan/ton for 16mm; S31603 material: 29500 yuan/ton for 4-12mm, 29900 yuan/ton for 14mm; RMB 30400/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 29900 yuan/ton; Dongte 2205 hot rolling is 29500 yuan/ton.

4. Qingshan hot rolling: 304 material 16,500 yuan/ton;

5. Guiding price of Zhangpu 17500 yuan/ton for 304 material, 20200 yuan/ton for 321 hot rolling; 316L hot-rolled 29600 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] S30,400 material is 20,200 yuan/ton, 316LS material is 31,200 yuan/ton, 32,107 material is 22,500 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 22, 2022, the social inventory of stainless steel in the national mainstream market will be 885005 tons, an increase of 59653 tons over the previous week, or 7.23%, of which:

The total inventory of cold rolled stainless steel was 503974 tons, an increase of 53851 tons or 11.96% over the previous week;

The total inventory of hot rolled stainless steel was 381031 tons, 5802 tons more than last week, up 1.55%;

The total inventory of 200 series is 180,466 tons, 4029 tons more than that of last week, an increase of 2.28%;

The total inventory of 300 series was 531814 tons, an increase of 62984 tons or 13.43% over the previous week;

The 400 series inventory totaled 172725 tons, a decrease of 7360 tons or 4.09% compared with last week.

Wuxis inventory was 442957 tons, an increase of 41525 tons or 10.34% over the previous week.

Foshans inventory was 298693 tons, an increase of 27629 tons or 10.19% over the previous week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 143355 tons, down 9501 tons or 6.22% from last week.

5、 Market analysis

Since some European buyers no longer choose Russian supply, and nickel metal itself may be oversupplied, MMC Norilsk Nickel PJSC (Nornickel), a Russian enterprise producing nickel ore, is considering reducing nickel output by about 10% in 2023, that is, next year, and has informed customers of the production reduction plan.

Although LME finally decided not to prohibit the delivery of metals produced in Russia, the source said that Nornickel was still affected and did not complete the transaction signing volume next year. The company expected that the sales volume in the European market would decline and planned to increase sales to China next year. Chinese buyers want to sign at the Shanghai Futures Exchange (SFE) price, which is usually lower than the LME price. This is the main topic of bilateral consultations.

Earlier this month, it was mentioned by the media that some of the worlds largest nickel buyers in China asked nickel producers to use the contracts of the previous exchange to price their nickel supply. Because the buyer believed that the low liquidity and low inventory led to the high price of Lunni this year, which did not reflect the market fundamentals. The "demon nickel" crisis in March has greatly reduced the market credit of LME, and the liquidity of Lunni has dropped to the lowest level in ten years. If the above requirements of Chinese buyers are met, LMEs position in the global metal market will be further weakened.