1、 Raw material report:

1. Nickel: On February 28, the three-month closing price of London nickel was 24794 US dollars, down 711 US dollars, down 2.79%. The latest continuous price of Shanghai nickel was 195440 US dollars, down 2760 US dollars, down 1.39%. Shanghai high-carbon ferrochrome FeCr55C1000 (50 base) 9500 yuan/50 base tons. Luoyang ferromolybdenum FeMo60 was 327000 yuan/ton, down 13000 yuan.

2. Continuous: the latest price of stainless steel on the 25th was 16290 yuan, down 225 yuan, or 1.36%; The position was 77051 and the trading volume was 125922.

3. Price of Dainan waste stainless steel

201 old pipe 5450-5550; 304 industrial 12100-12200304 new material 12300-12400304 particle 11500-11600.

316 particle 21900-22100; 316 furnace 23200-23300; 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: 18100 yuan/ton of 304/NO.1; 21500 yuan/ton of 321/NO.1; 33100 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: 16700 yuan/ton for 304 material 4-12mm, 16900 yuan/ton for 14mm; 17400 yuan/ton for 16mm; S31603 material: 32100 yuan/ton for 4-12mm, 32500 yuan/ton for 14mm; 33000 yuan/ton for 16mm;

3. Jiuquan Iron and Steel 2205 hot rolling 34000 yuan/ton; Dongte 2205 hot rolling is 33700 yuan/ton.

4. Qingshan hot rolling: 304 material 16600 yuan/ton;

5. Zhangpu guidance price 304 material 17600 yuan/ton, 321 hot rolled 20300 yuan/ton; 316L hot rolled 33000 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan round steel price ￠ 65-130] The price of S30400 material is 16500 yuan/ton, 316L material is 30600 yuan/ton, TP321 material is 19600 yuan/ton, 321 material is 18400 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 16400 yuan/ton, 316L material 30400 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: Jiangyin Hanzhou 2205/F60 material 35000 yuan/ton, 2507 material/F53 material 42000 yuan/ton, 630/17-4PH material 19500 yuan/ton. Wuxi Puhengjia 304L material: 18800 yuan/ton for ￠ 140-250, 19000 yuan/ton for ￠ 260-400; 316L material: 31500 yuan/ton for ￠ 140-250, 31700 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 - 28.8 yuan/kg;

Stainless steel seamless pipe S31603, specification 25 * 2 * 6000, cold-drawn pipe, pickled, weighed and delivered - 45.9 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 - 23.1 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 40.5 yuan/kg;

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

4、 Statistical data:

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

The steel plant resumed production, the downstream demand was slow to meet, and the inventory was high. The steel plant put pressure on the raw material end ferronickel, which weakened the cost support. Among them, ferronickel is stable and weak; However, due to the tight chrome ore and the cost inversion, the South Ferrochrome Plant may stop production, and the ferrochrome is stable and strong.

On the whole, the core contradiction is still high inventory and undervalue, the demand is weak, but there is still weak improvement expectation, or low volatility to digest inventory. As for the future direction, it still depends on the demand.

Due to the increase of domestic production and loose spot supply, the price of nickel in the upstream fell sharply. With the resumption of work after the Spring Festival, steel plant resources continue to arrive, while downstream demand is slow, resource consumption is less than expected, and stainless steel inventory is at a relatively high level. The inventory of Tianliang is slowly reduced, and the downstream orders are insufficient, which is a significant drag; The disk is tangled under the pressure of cost support and inventory, and the range fluctuation is obvious.

Affected by the sharp correction of Shanghai Nickel Exchange recently, the market weakened again; Under the pressure of inventory, the price of stainless steel is difficult to be high and firm. It is expected that the price of stainless steel will be weak in the short term. However, with the arrival of the peak season in March, the terminal demand may improve to some extent. At that time, the price of stainless steel may rise slightly.