he late spring cold only leaves a tail, and the demand for stainless steel pipes in the subsequent peak season will be left and right-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On March 16th, the three-month closing price of nickel in London was $23236, up $233, or 1.02%; Shanghai Nickel 2304 closed at 176400 yuan, up 1210 yuan, or 0.69%. Shanghai High Carbon Ferrochrome FeCr55C1000 (50 base) RMB 9100/50 base tons, down 200. Luoyang ferromolybdenum FeMo60 was 289000 yuan/ton, down 9000 yuan.

2. Stainless steel SS2304: On March 16, the closing price was 15755 yuan, down 20%, or 0.13%; The position was 58111 and the trading volume was 46483.

3. Price of Dainan waste stainless steel

201 Old pipe 5400-5500; 304 Industrial 12000-12100304 New Material 11600-11700304 Particleboard 10900-11000.

316 particle 19700-19800; 316 furnace 21500-21600; 310 Clinker 29000-30000;

430 No film 4500-4700431 Returned material 3950-4050

2、 Reference price of Wuxi stainless steel plate and roll

1. Taiyuan Iron and Steel Hot Rolling Guide Price:

300 hot rolled series: 17200 yuan/ton of 304/NO.1; 20600 yuan/ton for 321/No.1; 31500 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 19700 yuan/ton, 321 material 25700 yuan/ton, 316L material 35000 yuan/ton.

2. Dongte hot rolling guide price:

S30408 material: 15700 yuan/ton for 4-12mm, 15900 yuan/ton for 14mm; RMB 16400/ton for 16mm;

S31603 material: 30200 yuan/ton for 4-12mm, 30600 yuan/ton for 14mm; RMB 31100/ton for 16mm;

310S hot rolling: 44700 yuan/ton for 3 and 4mm, 43800 yuan/ton for 5-12mm, and 44900 yuan/ton for 14mm.

3. Jiuquan Iron and Steel 2205 hot rolling: 32200 yuan/ton; Dongte 2205 hot rolled 31800 yuan/ton.

4. Qingshan hot rolling: 304 material 15600 yuan/ton;

5. Zhangpu guidance price: 16700 yuan/ton for 304 materials, 20300 yuan/ton for 321 hot rolling; 316L hot rolled 31100 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan Round Steel Price: ￠ 65-130] Price: S30400 material: 15800 yuan/ton, 316L material: 27600 yuan/ton, TP321 material: 19100 yuan/ton, 321 material: 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: 15800 yuan/ton, 316L material: 27400 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 34500 yuan/ton, 2507 material/F53 material 41500 yuan/ton, 630/17-4PH material 19000 yuan/ton. Wuxi Puhengjia 304L material: 17600 yuan/ton for ￠ 140-250, 17800 yuan/ton for ￠ 260-400; 316L material: 28600 yuan/ton for ￠ 140-250, 28800 yuan/ton for ￠ 260-400.

6. [Reference price of Zhejiang Penji pipe material]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe, pickling, weighing, delivery - 28 yuan/kg;

Stainless steel seamless pipe S31603 material, specification: 25 * 2 * 6000 cold drawn pipe, pickling, weighing, delivery - 42.6 yuan/kg;

Stainless steel seamless pipe S32168 material, specification: 25 * 2 * 6000 cold drawn pipe, pickling, weighing, delivery - 32.5 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 22.1 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 38.6 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 29.7 yuan/kg.

4、 Statistical data:

On March 16, 2023, the social inventory of stainless steel in the national mainstream market was 1352068 tons, an increase of 1996 tons or 0.15% compared to the previous week, including:

The total inventory of cold rolled stainless steel was 804921 tons, a decrease of 16015 tons or 1.95% compared to last week;

The total inventory of hot rolled stainless steel was 547147 tons, an increase of 18011 tons or 3.40% compared to the previous week;

The total inventory of the 200 series was 306194 tons, a decrease of 340 tons or 0.11% compared to last week;

The total inventory of the 300 series was 811961 tons, an increase of 5227 tons or 0.65% compared to the previous week;

The total inventory of the 400 series was 233913 tons, a decrease of 2891 tons or 1.22% compared to last week.

Wuxis inventory was 733873 tons, down 4179 tons or 0.57% from last week.

Foshans inventory was 449035 tons, down 10895 tons from last week, with an increase of 2.49%.

Zibo, Jieyang, Shenyang, and Xian have 169160 tons of inventory, a decrease of 4720 tons or 2.71% compared to last week.

5、 Market analysis

Looking forward to the future, the slope of domestic demand recovery is particularly important against the backdrop of the remaining surplus production capacity and raw material ferronickel throughout the year, as well as the difficulty in reversing export expectations. According to feedback from downstream research, short-term demand recovery is limited. At present, the negative feedback of high inventory pressure is transmitted upstream, and the steel plant enters the maintenance and load reduction stage in advance. The subsequent key still lies in the demand recovery after the supply pressure is relieved. If domestic demand in the peak season is limited, further pressure may be needed on the supply side to reduce production; If the peak season demand is fulfilled after the inventory pressure is relieved, the stainless steel price may stabilize and recover.

Under the pressure of high inventory, the price of stainless steel has dropped significantly, leading to some steel plants to carry out maintenance in advance. Recently, some steel mills in Shandong, East China, South China, and other regions have scheduled maintenance periods ranging from 1 to 2 weeks in advance to address the pressure of high costs and weak demand. The supply side experienced a passive decline in the short term, while the demand side experienced a certain degree of improvement in the supply and demand margin as projects such as real estate and infrastructure projects began to commence. Downstream demand recovered seasonally.

Subsequently, with the arrival of peak season demand, inventory digestion is particularly important. At present, the contradiction between high cost and high inventory mainly depends on the reduction of raw material prices and production reduction of steel mills after the price falls. Under the pressure of new production, it is difficult for steel mills to maintain low startup. After maintenance, there is greater certainty of high supply, and the subsequent peak season demand recovery slope will greatly affect the phased price center of stainless steel.

Zhejiang Benji Stainless Steel Co., Ltd.,