Mainstream high priced stainless steel is experiencing a continuous rebound, and steel mills profits are about to enter the repair phase-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On April 14th, the three-month closing price of nickel in London was $24132, up $434, or 1.84%; The closing price of Shanghai Nickel 2305 was 187300 yuan, up 2720 yuan, or 1.48%. Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 8800 yuan/50 base tons. Luoyang molybdenum iron FeMo60 dropped by 1000 yuan or 0.54% to 184500 yuan/ton.

2. The latest price of stainless steel SS2305 is 15460 yuan, up 245 yuan or 1.61%; The holding amount is 53322 hands and the trading volume is 92735 hands.

3. Price of Dainan waste stainless steel

201 New materials 5400-5500304 Industrial 10400-10500304 New materials 10600-10700304 Particleboard 9200-9300;

316 shavings 15700-15800316 large furnace 17100-17400310 clinker 26600-26800;

430 no film 4500-4600431 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: 16000 yuan/ton for 304/NO.1; 19500 yuan/ton for 321/NO.1; 26100 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -17400 yuan/ton, 321 material 23500 yuan/ton, 316L material 32700 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 14700 yuan/ton for 4-12mm, 14900 yuan/ton for 14mm; 15400 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 26500 yuan/ton.

4. Qingshan hot rolling: 304 material 14900 yuan/ton;

5. Zhangpu guide price: 15700 yuan/ton for 304 materials, 18700 yuan/ton for 321 hot-rolled materials; 316L hot-rolled 26100 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 is 14800 yuan/ton, 316L material is 23600 yuan/ton, TP321 material is 17700 yuan/ton, and 321 material is 16500 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 14400 yuan/ton, while 316L material costs 23000 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; 316L material: 25800 yuan/ton for ? 140-250, 26000 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 -28 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -39.2 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -32.1 yuan/kg;

Stainless steel welded pipe 30408 material, specifications 219-813 * 4-6, pickled and weighed for delivery -21.1 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 -28.1 yuan/kg.

4、 Statistical data (according to Mysteel research):

On April 13, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1185599 tons, a decrease of 59674 tons or 4.79% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 664269 tons, a decrease of 353451 tons or 5.05% compared to last week;

The total inventory of hot-rolled stainless steel is 521330 tons, an increase of 24329 tons or a decrease of 4.46% compared to the previous week;

The total inventory of the 200 series is 235832 tons, a decrease of 22032 tons or 8.54% compared to last week;

The total inventory of the 300 series is 697472 tons, a decrease of 39909 tons or 5.41% compared to last week;

The total inventory of the 400 series is 252295 tons, an increase of 2267 tons or 0.91% compared to the previous week.

Wuxis inventory is 649431 tons, a decrease of 28989 tons or 4.27% compared to last week.

Foshans inventory is 347306 tons, a decrease of 38375 tons or 9.95% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 188862 tons of inventory, an increase of 7690 tons or 4.24% compared to the previous week.

5、 Market analysis

With the continuous expansion of domestic and international nickel production capacity, the surplus supply of refined nickel is gradually increasing, the strong supply and weak demand of the industry, and loose cost support continue to drag down nickel prices. The rainy season in the Philippines is coming to an end, and iron mills are increasingly willing to support prices. Nickel iron transactions have rebounded, and low inventory still provides some support for nickel prices. It is expected that short-term nickel prices will rise in a phased manner.

Stainless steel has been operating weakly in the early stage due to weak demand and pressure on nickel iron prices. For two consecutive months, stainless steel plants have been continuously losing money, with multiple steel plants reducing production. Mainstream domestic steel plants have been selling at a stable price in the stainless steel market, and it is expected that the profits of future steel plants will soon enter the repair stage. After several days of sharp decline, stainless steel has experienced a phased rebound. Downstream stainless steel demand has been boosted by some infrastructure real estate projects, and the alloy market has rebounded, Military orders for pure nickel are just in need of procurement, while daily civilian orders for pure nickel consumption have rebounded, and demand is gradually recovering.

Zhejiang Benji Stainless Steel Co., Ltd.,