Molybdenum has almost halved since the beginning of the new year, and transactions of stainless steel tubes have increased significantly after the price reduction-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On March 27th, the three-month closing price of nickel in London was $24074, up $231, or 0.97%; Shanghai Nickel 2305 closed at 182710 yuan, up 4560 yuan, or 2.56%. Shanghai High Carbon Ferrochrome FeCr55C1000 (50 base) 9100 yuan/50 base tons. The 206000 yuan/ton of Luoyang ferromolybdenum FeMo60 fell by 3500 yuan.

2. Stainless steel SS2305: On March 23, the closing price was 15360 yuan, up 50 yuan, or 0.33%; The position was 87012 hands and the trading volume was 41684 hands.

3. Price of Dainan waste stainless steel

201 New material 5700-5800304 Industrial 11000-11200304 New material 11100-11200304 Particleboard 9800-10000;

316 particle 17200-17300316 large furnace 19400-19600310 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: 16600 yuan/ton of 304/NO.1; 20100 yuan/ton for 321/No.1; RMB 28200/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 18500 yuan/ton, 321 material 24500 yuan/ton, 316L material 34000 yuan/ton.

2. Dongte hot rolling guide price:

S30408 material: 15100 yuan/ton for 4-12mm, 15300 yuan/ton for 14mm; 15800 yuan/ton for 16mm;

S31603 material: 27100 yuan/ton for 4-12mm, 27500 yuan/ton for 14mm; 28000 yuan/ton for 16mm;

310S hot rolling: 42300 yuan/ton for 3 and 4mm, 41500 yuan/ton for 5-12mm, 42500 yuan/ton for 14mm.

3. Jiuquan Iron and Steel 2205 hot rolled 30400 yuan/ton; Dongte 2205 hot rolled 29600 yuan/ton.

4. Qingshan hot rolling: 304 material 15000 yuan/ton;

5. Zhangpu guidance price: 16200 yuan/ton for 304 materials, 19900 yuan/ton for 321 hot rolling; 316L hot rolled 28100 yuan/ton.

3、 Reference price of stainless steel tube and rod

1. [Qingshan Round Steel Price: ￠ 65-130] The price is 15420 yuan/ton for S30400 materials, 26700 yuan/ton for 316L materials, 18400 yuan/ton for TP321 materials, and 17200 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: 19300 yuan/ton, 316LS material: 33800 yuan/ton, 32107 material: 21500 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, acid washed, weighed and delivered - 21.5 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 35.5 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, acid washed, weighed and delivered - 29.3 yuan/kg.

4、 Statistical data:

On March 23, 2023, the social inventory of stainless steel in the national mainstream market was 1307247 tons, a decrease of 44821 tons or 3.31% compared to last week, including:

The total inventory of cold rolled stainless steel was 772728 tons, a decrease of 32193 tons or 4.00% compared to last week;

The total inventory of hot rolled stainless steel was 534519 tons, an increase of 12628 tons or a decrease of 2.31% compared to the previous week;

The total inventory of the 200 series was 280213 tons, a decrease of 25981 tons or 8.49% compared to last week;

The total inventory of the 300 series was 787714 tons, a decrease of 24247 tons or 2.99% compared to last week;

The total inventory of the 400 series was 239320 tons, an increase of 5407 tons or 2.31% compared to the previous week.

Wuxis inventory was 707982 tons, a decrease of 25891 tons or 3.53% compared to last week.

Foshans inventory was 433142 tons, down 15893 tons or 3.54% from last week.

Zibo, Jieyang, Shenyang, and Xian have 166123 tons of inventory, a decrease of 3037 tons or 1.80% compared to last week.

5、 Market analysis

The domestic ferromolybdenum market continued to decline, falling another 3500 yuan on the latest day, but the decline slowed significantly. Since the beginning of the year, FeMo60 of ferromolybdenum has risen to a multi-year record of 398000. Since then, it has fallen by a cumulative amount of 192000 yuan, a decrease of 48.25%, almost halving. Affected by this, 316L stainless steel plates and coils have also fallen to a new low since this year.

The price of nickel ore at the upstream end remained stable at a high level. The spot price of refined nickel rebounded from a decline. Although the month is approaching, the premium is still strong, and market transactions are weak. The news of production reduction in stainless steel plants is frequent, which is generally negative for nickel iron prices. The overall demand for stainless steel is higher than in the previous period, with a surge in inquiries and a significant increase in transactions for stainless steel pipes, indicating that the market does not accept inflated prices. Steel mills are in the centralized procurement stage, and enterprises with high inventory levels are eager to ship. Spot prices still have a decline.

Zhejiang Benji Stainless Steel Co., Ltd.,