Molybdenum iron has fallen below the 200000 mark, and some molybdenum containing stainless steel pipes are still out of stock at high prices-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On April 10th, the three-month closing price of nickel in London was $22800, up $94, or 0.42%; The closing price of Shanghai Nickel 2305 was 178180 yuan, down 700 yuan, or 0.40%. Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 8800 yuan/50 base tons. Luoyang molybdenum iron FeMo60 dropped by 5000 yuan or 0.25% at 196000 yuan/ton.

2. Stainless steel SS2305: The closing price on April 10th was 14750 yuan, up 90 yuan, or 0.61%; The holding volume is 90340 hands and the trading volume is 61513 hands.

3. Price of Dainan waste stainless steel

201 New materials 5400-5500304 Industrial 10100-10200304 New materials 10200-10300304 Particleboard 8900-9000;

316 shavings 15400-15500316 large furnace 17100-17200310 clinker 26600-26800;

430 No film 4300-4400431 Return material 3950-4050.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guiding Price:

300 hot rolled series: 15700 yuan/ton for 304/NO.1; 19200 yuan/ton for 321/NO.1; 26200 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -17600 yuan/ton, 321 material 23700 yuan/ton, 316L material 33000 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 14400 yuan/ton for 4-12mm, 14600 yuan/ton for 14mm; 15100 yuan/ton for 16mm;

S31603 material: 25100 yuan/ton for 4-12mm, 25500 yuan/ton for 14mm; 26000 yuan/ton for 16mm;

310S hot rolling costs 38800 yuan/ton for 3 and 4mm, 37900 yuan/ton for 5-12mm, and 39000 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 26100 yuan/ton.

4. Qingshan hot rolling: 304 material 14300 yuan/ton;

5. Zhangpu guide price: 15400 yuan/ton for 304 materials, 18700 yuan/ton for 321 hot-rolled materials; 316L hot-rolled 26000 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The price of Qingshan round steel in April is ? 65-130. S30400 material costs 14300 yuan/ton, 316L material costs 22900 yuan/ton, TP321 material costs 17300 yuan/ton, and 321 material costs 16100 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 costs 14300 yuan/ton, while 316L material costs 23400 yuan/ton.

3. Yongxing Bar Material ? 65-130: 304 material 17800 yuan/ton, TP321 material 20600 yuan/ton, 316L material 30800 yuan/ton, 316LGB material 34800 yuan/ton, S22053 material 31800 yuan/ton.

4. S30400 material costs 18400 yuan/ton, 316LS material costs 29000 yuan/ton, and 32107 material costs 20600 yuan/ton.

5. [Fukai round steel market value] ￠ 65-130: Jiangyin Hanzhou 2205/F60 material 28500 yuan/ton, 2507 material/F53 material 37500 yuan/ton, 630/17-4PH material 18000 yuan/ton. Wuxi Puhengjia 304L material: 17600 yuan/ton for ? 140-250, 17800 yuan/ton for ? 260-400; The 316L material costs 27000 yuan/ton for ? 140-250, and 27200 yuan/ton for ? 260-400.

6. Zhejiang Benji Pipe Reference Price

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -27.5 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -38.3 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -31.6 yuan/kg;

Stainless steel welded pipe 30408 material, specifications 219-813 * 4-6, pickled and weighed for delivery -20.8 yuan/kg;

Stainless steel welded pipe S31603 material, specifications 219-813 * 4-6, pickled and weighed for delivery -33.5 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickled and weighed for delivery -28 yuan/kg.

4、 Statistical data According to Mysteel research:

On April 6, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1245273 tons, a decrease of 31580 tons or 2.47% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 699614 tons, a decrease of 35681 tons or 4.85% compared to last week;

The total inventory of hot-rolled stainless steel is 545659 tons, an increase of 4101 tons or 0.76% compared to the previous week;

The total inventory of the 200 series is 257864 tons, a decrease of 16220 tons or 5.92% compared to last week;

The total inventory of the 300 series is 737381 tons, a decrease of 36119 tons or 4.67% compared to last week;

The total inventory of the 400 series is 250028 tons, an increase of 20759 tons or 9.05% compared to the previous week.

Wuxis inventory is 678420 tons, a decrease of 25121 tons or 3.57% compared to last week.

Foshans inventory is 385681 tons, a decrease of 21330 tons or 5.24% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 181172 tons of inventory, an increase of 14871 tons or 8.94% compared to the previous week.

5、 Market analysis

Overseas economic concerns have dragged down nickel prices, with pure nickel weakening and spot prices declining. The nickel iron market has maintained a weak and stable situation, and the Shanghai nickel market has shown weak volatility within the day; Recently, the concentrated production reduction of stainless steel factories continues to exert pressure, and the price of raw material nickel iron continues to decline. Today, stainless steel futures are floating green, and the overall weakness is fluctuating. The price of laterite nickel ore has fallen, and the cost is still in a low stage. The continued weakness of stainless steel prices has led to strong pessimism in the market.

From the perspective of demand, stainless steel has been out of stock for three consecutive weeks, which helps to boost market sentiment periodically. But inventory is still at a historical high, and the negative feedback phenomenon is still continuing.

Due to the significant increase in ferromolybdenum since the beginning of the year, manufacturers have rarely restocked at high levels, and inventory of molybdenum containing stainless steel pipes has been depleted. New inventory restocking has not yet arrived, and some merchants are reluctant to sell in stock. Some merchants with molybdenum containing series stainless steel pipes in stock on the market have quoted prices that have seriously deviated from actual costs. Although the decline in ferromolybdenum prices has not stopped, the price of molybdenum containing stainless steel pipes in stock is still high, making it difficult for some merchants to bear.

Zhejiang Benji Stainless Steel Co., Ltd.,