1、 Raw Material Report:

1. Nickel: On May 22nd, the closing price of nickel in London was $21413, up $135 or 0.64%; The latest price of Shanghai Nickel 2307 is 161720 yuan, up 260 yuan or 0.17%. Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 9200 yuan/50 base tons. The 235000 yuan/ton of Luoyang molybdenum iron FeMo60 increased by 1000 yuan.

2. The latest price of stainless steel SS2307 is 14675 yuan, up 0 yuan or 0%; The holding amount is 64299 hands, and the trading volume is 24202 hands.

3. Price of Dainan waste stainless steel

201 New materials 5500-5600304 Industrial 10900-11000304 New materials 11100-11200304 Particleboard 10000-10100;

316 shavings 17500-17600316 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: 16000 yuan/ton for 304/NO.1; 18300 yuan/ton for 321/NO.1; 27000 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16800 yuan/ton, 321 material 22700 yuan/ton, 316L material 32100 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 14900 yuan/ton for 4-12mm, 15100 yuan/ton for 14mm; 15600 yuan/ton for 16mm;

S31603 material: 25900 yuan/ton for 4-12mm, 26300 yuan/ton for 14mm; 26800 yuan/ton for 16mm;

310S hot-rolled flat plate 3: 38600 yuan/ton for 4mm, 37700 yuan/ton for 5-12mm, and 38800 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 27300 yuan/ton.

4. Qingshan hot rolling: 304 material 14600 yuan/ton;

5. Zhangpu guide price: 15600 yuan/ton for 304 materials, 18600 yuan/ton for 321 hot-rolled materials; 316L hot-rolled 27000 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The price of Qingshan round steel is ? 65-130. S30400 material is priced at 15300 yuan/ton in May, 316L material is priced at 25500 yuan/ton in June, TP321 material is priced at 17800 yuan/ton in June, and 321 material is priced at 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. Delong round steel ? 65-130 S30400 material 15000 yuan/ton, 316L material 25200 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; The 316L material costs 27700 yuan/ton for ? 140-250, and 27900 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 18, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1090655 tons, a decrease of 3370 or 0.31% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 559792 tons, an increase of 2864 tons or 0.51% compared to the previous week;

The total inventory of hot-rolled stainless steel is 530863 tons, a decrease of 6234 tons or 1.16% compared to last week;

The total inventory of the 200 series is 223300 tons, an increase of 15471 tons or 7.44% compared to the previous week;

The total inventory of the 300 series is 627089 tons, a decrease of 14691 tons or 2.29% compared to last week;

The total inventory of the 400 series is 2440266 tons, a decrease of 4150 tons or 1.70% compared to last week.

Wuxis inventory is 610497 tons, a decrease of 10822 tons or 1.75% compared to last week.

Foshans inventory is 289755 tons, an increase of 9672 tons or 3.45% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 190403 tons of inventory, a decrease of 2160 tons or 1.12% compared to last week.

5、 Market analysis

Nickel is in a pattern of low inventory, high profits, and weak expectations. The supply and demand of the nickel midline is bearish. At the current price, the nickel production capacity is in a high profit state, stimulating the rapid growth of supply. In the later period, the supply of pure nickel, ferronickel and nickel intermediate products all has a large increase. The original nickel is changing from structural surplus to overall surplus. And with the weakening of the peripheral market sentiment sentiment, the risk of Shanghai nickel position squeeze subsides, and nickel hedging is treated with the idea of selling short at high prices. However, due to the fact that global refined nickel inventory is still at a historical low, nickel prices have a greater elasticity under low inventory conditions, resulting in a significant short-term price decline. Therefore, it is not advisable to excessively pursue short positions.

304 stainless steel is in a pattern of increasing supply, weak consumer neutrality, and weakened cost neutrality. Yesterday, the 304 round steel of Qingshan was increased by 100 yuan, while the 316L round steel was increased by 200 yuan, which has a significant supporting effect on the entire stainless steel tube vegetable market.

In the early stage, the price of stainless steel continued to rebound, and the profits of nickel iron and stainless steel factories significantly improved. In May, the expected production of 300 series stainless steel reached a historic high, while terminal consumption remained weak. Moreover, the high profit status of nickel iron combined with the continuous decline of nickel prices may also make it difficult for nickel iron prices to maintain a strong trend in the later stage, and stainless steel prices may operate in a weak position. However, after the recent sharp drop in stainless steel prices, steel mills immediate profits have rapidly contracted, and it is not advisable to excessively pursue short positions.