1、 Raw material report:

1. Nickel: The three-month closing price of nickel in London on March 9 was 23269 US dollars, down 705 US dollars, or 2.94%. The latest continuous price of nickel in Shanghai was 184290 yuan, down 2780 yuan, or 1.49%. Shanghai high-carbon ferrochrome FeCr55C1000 (50 base) 9600 yuan/50 base tons. Luoyang ferromolybdenum FeMo60 was 309500 yuan/ton, down 7000 yuan.

2. Stainless steel continuous: the closing price on March 9 was 15860 yuan; The position was 76878 and the trading volume was 47382.

3. Price of Dainan waste stainless steel

201 old pipe 5450-5550; 304 industrial 12000-12100304 new material 12100-12200304 particle 11500-11600.

316 particle 20800-20900; 316 furnace 22600-22800; 310 Clinker 29000-30000;

430 Non-film 4500-4700431 Returned material 3950-4050

2、 Reference price of Wuxi stainless steel coil

1. Guide price for hot rolling of TISCO:

300 hot rolling series: 17900 yuan/ton of 304/NO.1; 21000 yuan/ton of 321/NO.1; 32600 yuan/ton of 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20400 yuan/ton, 321 material 26400 yuan/ton, 316L material 35900 yuan/ton.

2. Dongte hot rolling guide price:

S30408 material: 16300 yuan/ton for 4-12mm, 16500 yuan/ton for 14mm; 17000 yuan/ton for 16mm;

S31603 material: 31500 yuan/ton for 4-12mm, 31900 yuan/ton for 14mm; 32400 yuan/ton for 16mm;

310S hot rolling: 45100 yuan/ton for 3 and 4 mm, 44300 yuan/ton for 5-12 mm, 45300 yuan/ton for 14 mm.

3. Jiuquan Iron and Steel 2205 hot rolling 33400 yuan/ton; Dongte 2205 hot rolled 33000 yuan/ton.

4. Qingshan hot rolling: 304 material 16200 yuan/ton;

5. Zhangpu guide price: 17200 yuan/ton for 304 materials, 20300 yuan/ton for 321 hot rolling; 316L hot rolled 32500 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan round steel price ￠ 65-130] The price of S30400 material is 16300 yuan/ton, 316L material is 29400 yuan/ton, TP321 material is 19400 yuan/ton, 321 material is 18200 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 29700 yuan/ton.

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

4. [Huaxin Lihua ￠ 65-130] S30400 material 20000 yuan/ton, 316LS material 35700 yuan/ton, 32107 material 22200 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: 18100 yuan/ton for ￠ 140-250, 18300 yuan/ton for ￠ 260-400; 316L material: 30800 yuan/ton for ￠ 140-250, 31000 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, pickled and delivered by weight - 28.5 yuan/kg;

Stainless steel seamless pipe S31603, specification 25 * 2 * 6000, cold-drawn pipe, pickled, weighed and delivered - 45.7 yuan/kg;

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

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 22.7 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 39.9 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 March 9, 2023, the social inventory of stainless steel in the national mainstream market was 1350072 tons, a decrease of 49238 tons or 3.52% over the previous week, including:

The total inventory of cold-rolled stainless steel was 820936 tons, a decrease of 20424 tons or 2.43% over the previous week;

The total inventory of hot-rolled stainless steel was 529136 tons, a decrease of 28814 tons or 5.16% over the previous week;

The total inventory of the 200 series was 306534 tons, a decrease of 377 tons or 0.12% over the previous week;

The total inventory of 300 series was 806734 tons, down 44951 tons or 5.28% from last week;

The total inventory of 400 series was 236804 tons, down 3910 tons or 1.62% from last week.

Wuxis inventory was 738052 tons, down 13125 tons or 1.75% from last week.

Foshans inventory was 438140 tons, down 32400 tons or 6.86% from last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 173880 tons, down 3713 tons or 2.09% from last week.

5、 Market analysis

According to market news, "due to high costs and serious losses, a steel plant in East China began to stop production for maintenance on March 9, and is tentatively scheduled to stop production until April 15, which is expected to affect the production of about 74000 tons of steel billets, all of which are 300 series." According to SMM, many steel plants in East China have stopped production and reduced production in the past week. Some industry insiders said bluntly that the loss of stainless steel plant has intensified recently. The cost of stainless steel plant is higher than that of ordinary steel plant, and the loss continues. At present, the cost of common steel plants in East China has improved, and the profit has improved slightly. The long process profit is 100-150 yuan/ton, and the short process profit is about 50 yuan/ton. The steel mills in the central and western regions still have losses, and the market demand and profits of the steel mills in the north, south and east are different and differentiated.

Powells remarks about the continued acceleration of interest rate hikes in the dollar overnight became the main driving force of the short market. On the other hand, nickel and stainless steel are also suffering from oversupply, so the negative momentum of interest rate increase is more magnified. At present, the nickel price has been confirmed to fall below the previous shock range, while the center of gravity of stainless steel continues to fall during the shock. Short-term futures are bearish.