1、 Raw material report:

1. Nickel: On February 24, the three-month closing price of London nickel was 24554 US dollars, down 833 US dollars, down 3.29%. The latest continuous price of Shanghai nickel was 196190 yuan, down 1740 yuan, down 0.88%. Shanghai high-carbon ferrochrome FeCr55C1000 (50 base) 9500 yuan/50 base tons. 340000 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Continuous: the latest price of stainless steel on the 25th was 16675 yuan, down 60 yuan, or 0.36%. The position was 59711 and the trading volume was 29055.

3. Price of Dainan waste stainless steel

201 old pipe 5450-5550; 304 industrial 12200-12400304 new material 12500-1600304 particle 11700-11800.

316 particle 21400-21600; 316 furnace 23300-23500; 310 Clinker 29000-30000;

430 filmless 4550-4650431 return material 3950-4050

2、 Reference price of Wuxi stainless steel coil

1. Guide price for hot rolling of TISCO:

300 hot rolling series: 18200 yuan/ton of 304/NO.1; 21500 yuan/ton of 321/NO.1; 33300 yuan/ton of 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20800 yuan/ton, 321 material 26900 yuan/ton, 316L material 36500 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: 32400 yuan/ton for 4-12mm, 32800 yuan/ton for 14mm; 33400 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 34500 yuan/ton; Dongte 2205 hot rolling is 34100 yuan/ton.

4. Qingshan hot rolling: 304 material 16700 yuan/ton;

5. Zhangpu guidance price 304 material 17700 yuan/ton, 321 hot rolled 20300 yuan/ton; 316L hot rolled 33200 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan round steel price ￠ 65-130] The price of S30400 material is 16900 yuan/ton, 316L material is 31100 yuan/ton, TP321 material is 19700 yuan/ton, 321 material is 18500 yuan/ton. 304 raw pipe round steel price+900316L raw pipe round steel price+1000321 raw pipe round steel price+900.

2. [Delong round steel ￠ 65-130] S30400 material 16700 yuan/ton, 316L material 30600 yuan/ton.

3. [Yongxing Bar ￠ 65-130] 304 material 20300 yuan/ton, TP321 material 23300 yuan/ton, 316L material 37300 yuan/ton, 316GB material 41800 yuan/ton, S22053 material 40000 yuan/ton.

4. [Huaxin Lihua ￠ 65-130] S30400 material 20300 yuan/ton, 316LS material 37000 yuan/ton, 32107 material 22500 yuan/ton.

5. [Fukai round steel market price] ￠ 65-130:2205/F60 material 33500 yuan/ton, material inquiry yuan/ton, 2507 material/F53 material sealing yuan/ton, 630/17-4PH material 18500 yuan/ton. Wuxi Puhengjia 304L material ￠ 140-250, 19400 yuan/ton, ￠ 260-400, 19600 yuan/ton; 316L material: 33000 yuan/ton for ￠ 140-250, 33200 yuan/ton for ￠ 260-400.

6. [Reference price of Zhejiang Penji pipes]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold-drawn pipe, pickling and weighing delivery - 29.6 yuan/kg;

Stainless steel seamless pipe S31603, specification 25 * 2 * 6000, cold-drawn pipe, pickled, weighed and delivered - 46.9 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold-drawn pipe, pickled and delivered by weight - 33.5 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 23.3 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 408 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickling and weighing delivery - 29.7 yuan/kg.

4、 Statistics

According to Mysteel survey:

On February 23, 2023, the social inventory of stainless steel in the national mainstream market was 1410603 tons, an increase of 10085 tons or 0.72% over the previous week, including:

The total inventory of cold-rolled stainless steel was 820261 tons, an increase of 9868 tons or 1.22% over the previous week;

The total inventory of hot-rolled stainless steel was 590342 tons, an increase of 217 tons or 0.04% over the previous week;

The total inventory of the 200 series was 309943 tons, an increase of 20388 tons or 7.04% over the previous week;

The total inventory of 300 series was 867080 tons, a decrease of 4453 tons or 0.51% over the previous week;

The total inventory of 400 series is 233580 tons, a decrease of 5850 tons or 0.44% compared with last week.

Wuxis inventory was 755782 tons, an increase of 30796 tons or 4.25% over the previous week.

Foshans inventory was 477998 tons, down 14977 tons or 3.04% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 176823 tons, down 5734 tons or 3.14% from last week.

5、 Market analysis

Affected by shipment pressure and environmental supervision, the production of the five continuous rolling and pickling lines in Xiangshui Base of Jiangsu D Steel Plant has been suspended on February 22. It is estimated that the production will be suspended until the end of this month, or affect the production of 20000 tons of cold rolling. As soon as the news came out, the trading atmosphere of the spot market could be seen to be warmer. However, with the decline of the stainless steel futures market in the past two days, the market transaction weakened again.

Although stainless steel rose slightly this week, the steel plant resumed production, or less than expected. Downstream demand cashed slowly and the absolute value of inventory was high. The raw material side received negative feedback and the price of ferronickel was reduced.

The Philippines is still in the rainy season, and the supply at the mine end is tight. In terms of ferronickel, high-priced nickel ores support the cost of ferronickel, and domestic ferronickel enterprises are waiting and watching. Refined nickel production increased rapidly, import profit window continued to open, and domestic spot premium continued to decline. On the demand side, the transaction of the stainless steel spot market has not improved much. The cost of the stainless steel factory is high, the profit is low, and the industry is generally in a loss state. At present, some stainless steel factories are considering reducing production. At the alloy end, affected by the high nickel price, the manufacturers still fear high prices.