Molybdenum Continuously Decreases and Loses Increase at the Beginning of the Year 316L Stainless Steel Tube Downregulates Pressure Relief-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On March 20th, the three-month closing price of nickel in London was $2336422767, down $597, or 2.56%; Shanghai Nickel 2304 closed at 175270 yuan, down 2670 yuan, or 1.5%. Shanghai High Carbon Ferrochrome FeCr55C1000 (50 base) 9100 yuan/50 base tons. Luoyang ferromolybdenum FeMo60 was 277000 yuan/ton, down 6000 yuan.

2. Stainless steel SS2304: On March 20th, the closing price was 15810 yuan, down 55 yuan, down 0.35%; Positions were 42617 and trading volume was 39065.

3. Price of Dainan waste stainless steel

201 New material 5700-5800304 Industrial 11000-11200304 New material 11100-11200304 Particleboard 10100-10200;

316 particle 18100-18200316 furnace 19900-20000310 clinker 28000-29000;

430 No Film 4600-4800431 Return 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: 17100 yuan/ton of 304/NO.1; 20600 yuan/ton for 321/No.1; RMB 30500/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 19500 yuan/ton, 321 material 25500 yuan/ton, 316L material 34800 yuan/ton.

2. Dongte hot rolling guide price:

S30408 material: 15600 yuan/ton for 4-12mm, 15800 yuan/ton for 14mm; 16300 yuan/ton for 16mm;

S31603 material: 29700 yuan/ton for 4-12mm, 30100 yuan/ton for 14mm; RMB 30600/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 31700 yuan/ton; Dongte 2205 hot rolled 31300 yuan/ton.

4. Qingshan hot rolling: 304 material 15500 yuan/ton;

5. Zhangpu guidance price: 16700 yuan/ton for 304 materials, 20300 yuan/ton for 321 hot rolling; 316L hot rolled 30400 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan Round Steel Price: ￠ 65-130] The price is 15320 yuan/ton for S30400 materials, 26900 yuan/ton for 316L materials, 19100 yuan/ton for TP321 materials, and 17900 yuan/ton for 321 materials. 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: 15300 yuan/ton, 316L material: 26400 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 33500 yuan/ton, 2507 material/F53 material 40500 yuan/ton, 630/17-4PH material 18500 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, pickling, weighing and delivery - 22 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 38.1 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

The latest price of Luoyang ferromolybdenum FeMo60 is 277000 yuan, down another 6000 yuan, and the price has plummeted continuously. Affected by this, Qingshan sharply lowered the price of 316L round steel today to 26600 yuan/ton, down 1000 yuan/ton, a decrease of 3.76%. Since the rise of ferromolybdenum to a record 395000 yuan/ton, it has fallen continuously to today, with a cumulative decline of 118000 yuan, or 29.88%.

The decline in nickel prices this year is mainly due to the repair and valuation of secondary nickel after the production of Qingshan electrowinning nickel. The premium to nickel sulfate is basically reasonable, and the gap with NPI is still large, and it does not reflect macro risks. Currently, attention needs to be paid to whether the crisis can be eliminated in the bud and when the peak season can come. The expected divergence in the peak season for stainless steel is still large, with insufficient upward drive. The industrial chain is at the stage of active inventory removal, and does not support increasing the profits of the tapping plant. After a rebound, it is necessary to further compress profits to seek support.

Stainless steel inventory remains high for a long time, current orders and procurement volumes are insufficient, and the spot market is not active. Downstream manufacturers are generally pessimistic about the market.

Zhejiang Benji Stainless Steel Co., Ltd.,