Stainless steel faucet overhaul production reduction, market inventory again down 30,000 tons-Zhejiang Benji Stainless Steel Co., Ltd

I. Raw material report:
1. Nickel: On March 30, London nickel closed at $23,199 in three months, down $544, or 2.30%; Shanghai Nickel 2305 closed at 174,630 yuan, down 2,850 yuan, or 1.61%. Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9000 yuan /50 base ton, down 100 yuan. Luoyang ferro molybdenum FeMo60 208000 yuan/ton.
2, stainless steel SS2305: March 23 closing price of 14865 yuan, down 60 yuan, down 0.41%; Positions were 94,606 lots, while volume was 88,224 lots.
3, Dayan waste stainless steel price
201 new material 5700-5800, 304 Industrial 11000-11200, 304 new material 11200-11400, 304 shavings 9800-10000;
316 Shavings 17200-17300, 316 furnace 19400-1960, 310 clinker 28000-29000;
430 No film 4600-4800431 return charge 3950-4050
Two, Wuxi stainless steel plate roll reference price
1. Tisco hot rolling guide price:
300 hot rolling series: 16300 yuan/ton of 304/NO.1; 19,800 yuan/ton for 321/ NO.1; 27,400 yuan/ton for 316L/NO.1.
Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -- 18,200 yuan/ton, 321 material 24100 yuan/ton, 316L material 33,700 yuan/ton.
2. Dongte hot rolling Guide Price:
S30408 material 4-12mm 14900 yuan/ton, 14mm 15100 yuan/ton; 16mm 15600 yuan/ton;
S31603 is 26,600 yuan/ton for 4-12mm and 27,000 yuan/ton for 14mm. 16mm 27500 yuan/ton;
310S hot-rolled 41300 yuan/ton for 3 and 4mm, 40400 yuan/ton for 5-12mm and 41400 yuan/ton for 14mm.
3, Jiusteel 2205 hot rolling 29,900 yuan/ton; Dongte 2205 hot rolled 29,100 yuan/ton.
4, green Mountain hot rolling: 304 material 14,700 yuan/ton;
5. Zhangpu guide price: RMB 16,000 / ton for 304 material, RMB 19,900 / ton for 321 hot rolling; 316L hot rolling 27600 yuan/ton.
Three, stainless steel pipe rod reference price
1, [Castle Peak round steel price ￠65-130] price S30400 material 15000 yuan/ton, 316L material 24800 yuan/ton, TP321 material 18000 yuan/ton, 321 material 16800 yuan/ton. The price of 304 round steel is +900, the price of 316L series round steel is +1000, and the price of 321 series round steel is +900.
2, [Delong ￠65-130] S30400 material 15300 yuan/ton, 316L material 24800 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 19,300 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 Puheng Home 304L material 17600 yuan/ton of 140-250, 17800 yuan/ton of 260-400; 316L material ￠140-250 of 27000 yuan/ton, ￠260-400 of 27200 yuan/ton.
6. [Zhejiang Benji Pipe reference Price]
Stainless steel seamless pipe 30408 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 28 yuan /kg;
Stainless steel seamless tube S31603 material, specification 25*2*6000 cold drawn pipe pickling delivery by pound - 42.6 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 32.9 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 21.5 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 35.5 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling delivery pound - 29.3 yuan /kg.
Iv. Statistical Data According to Mysteel research statistics:
On March 30, 2023, the national mainstream market stainless steel social inventory of 1,376,853 tons, 30,394 tons less than last week, a 2.33% reduction, including:
Cold-rolled stainless steel inventory of 735295 tons, 37433 tons less than last week, 4.84% reduction;
Hot rolled stainless steel inventory 541,558 tons, 7039 tons more than last week, an increase of 1.32%;
The total inventory of 200 series is 274,084 tons, 6129 tons less than last week, a decrease of 2.19%;
The total inventory of 300 series is 773,500 tons, 14214 tons less than last week, a decrease of 1.80%;
The total inventory of 400 series is 229,269 tons, 30,394 tons less than last week, a decrease of 4.20%.
The inventory in Wuxi is 703,541 tons, which is 4441 tons less than last week, a decrease of 0.63%.
Foshan inventory 407,011 tons, 26,131 tons less than last week, a decrease of 6.03%.
The inventory in Zibo, Jieyang, Shenyang and Xi an was 166,301 tons, an increase of 178 tons or 0.11% compared with last week.
Five, market analysis
The domestic ferro molybdenum market rose 2000 yuan the day before yesterday, the price was temporarily stable, indicating the formation of ferro molybdenum price bottom support, then look at the direction of the market. In the short term, the global apparent inventory of refined nickel is still at a historical low. The price of nickel is relatively flexible under the condition of low inventory, and the power of money sentiment cannot be ignored. However, the prices of nickel sulfate and nickel iron continue to fall recently, and after the rebound of pure nickel price, its premium to them is stronger again. But nickel price upside space is limited, short - term still to meet the idea of selling short.
300 series stainless steel production is at a high level, capacity is still continuing to expand, the middle line supply pressure is relatively large, but the current industry profit situation is poor, some steel mills have announced production reduction plans, late production is expected to decline slightly. From the point of view of consumption, the peak season is not prosperous, it is estimated that the off-season is not weak, seasonal consumption peak season may be delayed, April consumption may improve, but temporarily it may still be difficult to see consumption significantly warmer.
The good news is that the stainless steel market inventory has been reduced for two weeks in a row, coupled with the recent announcement of a number of head enterprises to overhaul production cuts, production will be significantly lower than the month of production, stainless steel also forms a certain supporting role. April is the traditional peak season, demand may be improved, coupled with steel production cuts and maintenance, the stainless steel has support, stainless steel prices are expected to be low shock trend.

Zhejiang Benji Stainless Steel Co., Ltd.,