Molybdenum concentrate profit taking price center has shifted downwards, and the mainstream stainless steel market inventory has increased by 60000 tons-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On May 8th, the latest price of nickel in London was $24630, up $99 or 0.40%; The latest price of Shanghai Nickel 2306 is 185080 yuan, up 380 yuan, or 0.21%. Shanghai high carbon ferrochrome FeCr55C1000 (50 base) is 9100 yuan/50 base tons, an increase of 200 yuan. Luoyang molybdenum iron FeMo60 dropped by 7000 yuan or 2.94% to 231500 yuan/ton.

2. The latest price of stainless steel SS2306 is 15525 yuan, up 50 yuan or 0.33%; The holding amount is 79523 hands, and the trading volume is 51045 hands.

3. Price of Dainan waste stainless steel

201 New materials 5500-5600304 Industrial 10900-11000304 New materials 11300-11400304 Particleboard 10000-10100;

316 shavings 17800-18000316 large furnace 19300-19500310 clinker 26900-27000;

430 without film 4500-4600431 return material 3400-3500.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guiding Price:

300 hot rolled series: 16400 yuan/ton for 304/NO.1; 18800 yuan/ton for 321/NO.1; 28100 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -17000 yuan/ton, 321 material 23300 yuan/ton, 316L material 32500 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 15200 yuan/ton for 4-12mm, 15400 yuan/ton for 14mm; 15900 yuan/ton for 16mm;

S31603 material: 27400 yuan/ton for 4-12mm, 27800 yuan/ton for 14mm; 28400 yuan/ton for 16mm;

310S hot-rolled flat plate 3: 39000 yuan/ton for 4mm, 38100 yuan/ton for 5-12mm, and 39200 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 27800 yuan/ton.

4. Qingshan hot rolling: 304 material 15200 yuan/ton;

5. Zhangpu guide price: 16100 yuan/ton for 304 materials, 18700 yuan/ton for 321 hot-rolled materials; 316L hot-rolled at 28000 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The price of Qingshan round steel is ? 65-130. S30400 material costs 15500 yuan/ton in May, 316L material costs 25600 yuan/ton in June, TP321 sealing material costs 18300 yuan/ton in April, and 321 material sealing material costs 17100 yuan/ton in April. 304 raw pipe round steel price+900316L raw pipe round steel price+1000321 raw pipe round steel price+900.

2. S30400 material is 15400 yuan/ton, and 316L material is 25800 yuan/ton.

3. Yongxing Bar Material ? 65-130: 304 material 18000 yuan/ton, TP321 material 20800 yuan/ton, 316L material 31300 yuan/ton, 316LGB material 35300 yuan/ton, S22053 material 33000 yuan/ton.

4. S30400 material costs 18200 yuan/ton, 316LS material costs 29500 yuan/ton, and 32107 material costs 20200 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 -28.8 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -41.5 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -32.8 yuan/kg;

Stainless steel welded pipe 30408 material, specifications 219-813 * 4-6, pickled and weighed for delivery -21.6 yuan/kg;

Stainless steel welded pipe S31603 material, specifications 219-813 * 4-6, pickled and weighed for delivery -35.8 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 May 5, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1130766 tons, an increase of 60804 tons or 5.68% compared to the previous week. Among them:

The total inventory of cold rolled stainless steel is 599456 tons, an increase of 36659 tons or 6.51% compared to the previous week;

The total inventory of hot-rolled stainless steel is 531310 tons, an increase of 24145 tons or 4.76% compared to the previous week;

The total inventory of the 200 series is 224911 tons, an increase of 7.02% compared to the previous week;

The total inventory of the 300 series is 666703 tons, an increase of 47124 tons or 7.61% compared to the previous week;

The total inventory of the 400 series is 239152 tons, a decrease of 4788 tons or 1.96% compared to last week.

Wuxi has 640021 tons of inventory, an increase of 32236 tons or 5.3% compared to last week.

Foshans inventory is 312257 tons, an increase of 35802 tons or 12.95% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 178488 tons of inventory, a decrease of 7234 tons or 3.9% compared to last week.

5、 Market analysis

The rising prices of 316L and 2205 after the holiday are mostly dependent on the rising prices of raw material ferromolybdenum, coupled with their own low supply, leading to a significant upward trend in stages. In terms of post holiday trends, the molybdenum iron market has stopped rising, the profit taking price center of molybdenum concentrate has shifted downward, and the molybdenum market has shown a weak trend, guiding molybdenum containing stainless steel towards weak expectations.

Since the beginning of this year, the domestic steel market has been influenced by multiple factors both domestically and internationally. Firstly, it has been led by strong macroeconomic policy expectations and supported by relatively high costs, showing a fluctuating and rising market trend; Subsequently, it was affected by the rapid recovery of supply, less than expected demand release, and external risk spillovers, resulting in a volatile and adjusted market situation; In the environment where supply and demand contradictions continue to accumulate, it shows a rapid downward trend.

Zhejiang Benji Stainless Steel Co., Ltd.,