The inventory of stainless steel market increased by 50000 tons, with a strong bullish atmosphere-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On January 28, the three-month closing price of London nickel was 28902 dollars, down 525 dollars, down 1.78%. The latest continuous price of Shanghai nickel was 219420 yuan, up 10930 yuan, up 5.25%. Shanghai high-carbon ferrochrome FeCr55C1000 (50 base) 9000 yuan/50 base tons. 297000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Continuous: the latest price of stainless steel on the 17th was 17220 yuan, up 5 yuan, or 0.03%. The position was 67687 and the trading volume was 77666.

3. Price of Dainan waste stainless steel

201 old pipe 5350-5450; 304 industrial 12200-12400304 new material 12400-12500304 particle 11300-11500.

316 shaving 19900-20000; 316 furnace 21300-21400; 310 Clinker 30000-30200;

430 filmless 4500-4600431 return charge 3850-3950

2、 Reference price of Wuxi stainless steel coil

1. Guide price for hot rolling of TISCO:

300 hot rolling series: 18300 yuan/ton of 304/NO.1; 21300 yuan/ton of 321/NO.1; 31800 yuan/ton of 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20900 yuan/ton, 321 material 26900 yuan/ton, 316L material 33500 yuan/ton.

2. Dongte hot rolling guide price: 16900 yuan/ton for 304 material 4-12mm, 17100 yuan/ton for 14mm; 17600 yuan/ton for 16mm; S31603 material: 30700 yuan/ton for 4-12mm, 31100 yuan/ton for 14mm; 31600 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolled 32000 yuan/ton; Dongte 2205 hot rolling is 32100 yuan/ton.

4. Qingshan hot rolling: 304 material 16900 yuan/ton;

5. Zhangpu guidance price 304 material 17800 yuan/ton, 321 hot rolled 20300 yuan/ton; 316L hot rolling 31300 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [January futures price of Qingshan round steel ￠ 65-130] The price is 17100 yuan/ton for S30400 material, 29700 yuan/ton for 316L material, 19700 yuan/ton for TP321 material and 18500 yuan/ton for 321 material. 304 raw pipe round steel price+800316L raw pipe round steel price+900321 raw pipe round steel price+850.

2. [Delong round steel ￠ 65-130] The price of S30400 material is 16900 yuan/ton, and 316L material is 29700 yuan/ton.

3. [Yongxing Bar ￠ 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 20300 yuan/ton, 316LS material 3330 yuan/ton, 32107 material 22500 yuan/ton.

5. [Fukai Material] Jiangyin Hanzhou ￠ 65-130: 2205/F60 material 28500 yuan/ton, 2507/F53 material 37000 yuan/ton, 630/17-4PH material 18500 yuan/ton. Wuxi Puhengjia 304L material ￠ 140-250, 19400 yuan/ton, ￠ 260-3200, 19600 yuan/ton; 316L material: 30700 yuan/ton for ￠ 140-250, 30900 yuan/ton for ￠ 260-3200.

6. [Reference price of Zhejiang Penji pipes]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold-drawn pipe, pickling and weighing delivery - 30.4 yuan/kg;

Stainless steel seamless pipe S31603, specification 25 * 2 * 6000, cold-drawn pipe, pickled, weighed and delivered - 45.4 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold-drawn pipe, pickled and delivered by weight - 33.1 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 23.6 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 39.1 yuan/kg;

Stainless steel welded pipe 32168, specification 219-813 * 4-6, pickling, weighing and delivery - 30.1 yuan/kg.

4、 Statistics

According to Mysteel survey:

On January 19, 2023, the social inventory of stainless steel in the national mainstream market was 1157219 tons, an increase of 49546 tons or 4.47% over the previous week, including:

The total inventory of cold-rolled stainless steel was 714913 tons, an increase of 34754 tons or 5.11% over the previous week;

The total inventory of hot-rolled stainless steel was 442306 tons, an increase of 14792 tons or 3.46% over the previous week;

The total inventory of the 200 series was 268835 tons, an increase of 12356 tons or 4.82% over the previous week;

The total inventory of 300 series was 708413 tons, an increase of 39243 tons or 5.86% over the previous week;

The total inventory of 400 series was 179971 tons, a decrease of 2053 tons or 1.13% over the previous week.

Wuxis inventory was 592862 tons, an increase of 34098 tons or 6.10% over the previous week.

Foshans inventory was 421253 tons, an increase of 24448 tons or 6.16% over the previous week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 143104 tons, down 9000 tons or 5.92% from last week.

5、 Market analysis

The Philippine nickel mine will continue to carry out the bidding for the delivery of the ship in February after the festival. Considering its own production costs and downstream demand, it is expected that the FOB price trend will be strong. The ferrochrome market operated smoothly. During the Spring Festival, the ferrochrome market was supported by costs and maintained a strong overall trend. The logistics stopped and the transaction stopped.

In terms of stainless steel, factories and businesses have started work in succession, but most of the working workers are still in their hometown for the Spring Festival, and the production and operation are limited. Both the steel plant and the market are optimistic about the release of demand after the year. Taiyuan Iron and Steel Group Co., Ltd. took the lead in raising the price with 316L at the beginning of the new year. Most agents have followed the increase, with an increase of about 400 yuan/ton. As the stainless steel market began to rise slightly in the day, the bullish atmosphere in the market was strong, and with the market returning to the market in succession, and driven by the rising sentiment after the holiday, it is expected that the stainless steel market will still run stronger.

Zhejiang Benji Stainless Steel Co., Ltd.,