1、 Raw material report:

1. Nickel: the three-month closing price of nickel in London on March 10 was $22684, down $585, or 2.52%; Shanghai Nickel 2304 closed at 174970 yuan, down 8190 yuan, or 4.48%. Shanghai high-carbon ferrochrome FeCr55C1000 (50 base) 9300 yuan/50 base tons. 309500 yuan/ton of Luoyang ferromolybdenum FeMo60.

2. Stainless steel SS2304: The closing price on March 10 was 15660 yuan, down 155%, or 0.98%; The position was 77761 and the trading volume was 65318.

3. Price of Dainan waste stainless steel

201 old pipe 5400-5500; 304 industrial 12000-12100304 new material 12100-12200304 particle 11500-11600.

316 particle 19700-19800; 316 furnace 21500-21600; 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: 17600 yuan/ton of 304/NO.1; 20900 yuan/ton of 321/NO.1; 32400 yuan/ton of 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20200 yuan/ton, 321 material 26200 yuan/ton, 316L material 35600 yuan/ton.

2. Dongte hot rolling guide price:

S30408 material: 16200 yuan/ton for 4-12mm, 16400 yuan/ton for 14mm; 16900 yuan/ton for 16mm;

S31603 material: 31400 yuan/ton for 4-12mm, 31800 yuan/ton for 14mm; 32300 yuan/ton for 16mm;

310S hot rolling: 44700 yuan/ton for 3 and 4 mm, 43800 yuan/ton for 5-12 mm, and 44900 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 16000 yuan/ton;

5. Zhangpu guide price: 17200 yuan/ton for 304 materials, 20300 yuan/ton for 321 hot rolling; 316L hot rolled 32300 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan round steel price ￠ 65-130] The price of S30400 material is 15800 yuan/ton, 316L material is 29400 yuan/ton, TP321 material is 19100 yuan/ton, 321 material is 17900 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, pickling, weighing delivery - 28 yuan/kg;

Stainless steel seamless pipe S31603, specification 25 * 2 * 6000, cold-drawn pipe, pickled, weighed and delivered - 44.6 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold-drawn pipe, pickled, weighed and delivered - 32.5 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, pickling and weighing delivery - 22.6 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 39.8 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

On the macro level, although the market is currently expecting to continue to raise interest rates by 25BP in March with a high probability, the hawkish statements of the Federal Reserve and the unexpected non-agricultural data still play a certain role in suppressing the nickel price;

Another worry in the market is whether the bankruptcy of the Silicon Valley bank will return to the Lehman moment. The rising panic has reduced the market risk appetite. In the future, we need to continue to pay attention to the progress of the event. At home, although the credit data exceeded expectations, the final consumption of stainless steel remained weak, and demand dragged down the weak operation of the nickel-steel industry chain.

Stainless steel continued to be weak, the domestic recovery was less than expected, the losses of steel mills were further expanded, and the production reduction of steel mills continued. During the week, the mainstream market received less goods, the market price declined, and the market confidence was insufficient. Traders often sold goods at a discount to promote the transaction. Therefore, the low price resources were obvious, the market confidence was poor, and the weak operation of the week sought support.