1、 Raw Material Report:

1. Nickel: On May 15th, the latest price of nickel in London was $21622, a decrease of $595, or 2.68%; The latest price of Shanghai Nickel 2306 is 167550 yuan, down 3180 yuan, or 1.87%. Shanghai high carbon ferrochrome FeCr55C1000 (50 base) is 9200 yuan/50 base tons, an increase of 100 yuan. Luoyang molybdenum iron FeMo60 dropped by 7000 yuan or 2.94% to 228500 yuan/ton.

2. The latest price of stainless steel SS2306 is 15070 yuan, down 310 yuan, or 2.02%; The holding volume is 53271 hands and the trading volume is 79748 hands.

3. Price of Dainan waste stainless steel

201 New material 5500-5600304 Industrial 10900-11000304 New material 11200-11300304 Particleboard 10000-10100;

316 particle 17600-17800316 large furnace 19000-19100310 clinker 26900-27000;

430 No film 4400-4500431 Returned material 3400-3500.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guiding Price:

300 hot rolled series: 16200 yuan/ton for 304/NO.1; 18600 yuan/ton for 321/NO.1; 27300 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -17000 yuan/ton, 321 material: 22900 yuan/ton, 316L material: 32300 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

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

S31603 material: 26500 yuan/ton for 4-12mm, 26900 yuan/ton for 14mm; 27400 yuan/ton for 16mm;

310S hot-rolled flat plate 3: 39300 yuan/ton for 4mm, 38400 yuan/ton for 5-12mm, and 39500 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 27700 yuan/ton.

4. Qingshan hot rolling: 304 material 14800 yuan/ton;

5. Zhangpu guide price: 16000 yuan/ton for 304 materials, 18600 yuan/ton for 321 hot-rolled materials; 316L hot-rolled at 27700 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The price of Qingshan round steel is ? 65-130. S30400 material costs 15100 yuan/ton in May, 316L material costs 25400 yuan/ton in June, TP321 sealing material costs 17800 yuan/ton in April, and 321 material sealing material costs 16600 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: 18200 yuan/ton for ? 140-250, 18400 yuan/ton for ? 260-400; 316L material: 28000 yuan/ton for ? 140-250, 28200 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 11, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1094025 tons, a decrease of 34471 tons or 3.25% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 556928 tons, a decrease of 42528 tons or 7.09% compared to last week;

The total inventory of hot-rolled stainless steel is 537097 tons, an increase of 5787 tons or 1.09% compared to the previous week;

The total inventory of the 200 series is 207829 tons, a decrease of 17082 tons or 7.60% compared to last week;

The total inventory of the 300 series is 641780 tons, a decrease of 24923 tons or 3.74% compared to last week;

The total inventory of the 400 series is 244416 tons, an increase of 52648 tons or 2.20% compared to the previous week.

Wuxis inventory is 621379 tons, a decrease of 18642 tons or 2.91% compared to last week.

Foshans inventory is 280083 tons, a decrease of 32174 tons or 10.30% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 192563 tons of inventory, an increase of 14075 tons or 7.89% compared to the previous week.

5、 Market analysis

Yesterday, the price of stainless steel futures rose and fell during the day, with a significant drop at night. Spot prices remained weak and stable, with a low basis. Downstream purchasing willingness was weak, and overall market transactions were weak. Yesterday, the stainless steel basis in the Wuxi market decreased by 100 yuan/ton to 260 yuan/ton, while in the Foshan market, the stainless steel basis decreased by 50 yuan/ton to 310 yuan/ton, and the SS futures warehouse receipts decreased to 53271 lots.

At present, there is ample production capacity for stainless steel and nickel iron, and production may quickly rebound with improved profits in the later stage. There is currently no obvious sign of a rebound in terminal consumption. Therefore, in the context of increasing supply, weak consumer neutrality, and weakened cost neutrality, the momentum of stainless steel price rebound has been continuously weakening. Recently, with the rapid decline of nickel prices, stainless steel prices have been driven by emotions and are operating in a weak position.