1、 Raw Material Report:

1. Nickel: On May 30th, the closing price of nickel in London was $21027, down $135, or 0.64%; The latest price of Shanghai Nickel 2307 is 161890 yuan, down 2090 yuan, or 1.53%. 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 14755 yuan, down 115 yuan, or 0.78%; The holding amount is 62647 hands, and the trading volume is 52163 hands.

3. Price of Dainan waste stainless steel

201 New material 5500-5600304 Industrial 10800-10900304 New material 11000-11100304 Particleboard 9900-10000;

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: 15900 yuan/ton for 304/NO.1; 18200 yuan/ton for 321/NO.1; 26900 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16600 yuan/ton, 321 material 22700 yuan/ton, 316L material 32100 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: 25800 yuan/ton for 4-12mm, 26200 yuan/ton for 14mm; 26700 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 27500 yuan/ton.

4. Qingshan hot rolling: 304 material 14500 yuan/ton;

5. Zhangpu guide price: 15500 yuan/ton for 304 materials, 18600 yuan/ton for 321 hot-rolled materials; 316L hot-rolled 26800 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 25400 yuan/ton in June, TP321 material is priced at 17700 yuan/ton in June, and 321 material is priced at 16500 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 is 14700 yuan/ton, and 316L material is 25000 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 26, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1062554 tons, a decrease of 28101 tons or 2.58% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 548068 tons, a decrease of 11724 tons or 2.09% compared to last week;

The total inventory of hot-rolled stainless steel is 514486 tons, a decrease of 16377 tons or 3.08% compared to last week;

The total inventory of the 200 series is 217561 tons, a decrease of 5739 tons or 2.57% compared to last week;

The total inventory of the 300 series is 610733 tons, a decrease of 16356 tons or 2.61% compared to last week;

The total inventory of the 400 series is 234260 tons, a decrease of 6006 tons or 2.50% compared to last week.

Wuxis inventory is 587105 tons, a decrease of 23392 tons or 3.83% compared to last week.

Foshans inventory is 294884 tons, an increase of 5129 tons or 1.77% compared to the previous week.

Zibo, Jieyang, Shenyang, and Xian have 180565 tons of inventory, a decrease of 9838 tons or 5.17% 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 nickel in the central line are bearish. Currently, nickel production capacity is in a high profit state, stimulating rapid supply growth. In the later stage, there is a significant increase in the supply of pure nickel, nickel iron, and nickel intermediate products. The primary nickel is transitioning from structural surplus to comprehensive surplus, and the high profit state of nickel iron is combined with the weak trend of nickel price. In the later stage, the center of gravity of nickel iron price may gradually shift downwards.

In May, the steel factorys production schedule reached a new high, but the actual production may not be as expected. As resources arrived in transit, supply pressure gradually emerged. The overall performance of stainless steel terminal demand in the first quarter was lackluster, with no significant difference between peak and low seasons. In May, stainless steel demand remained in a weak recovery state, making it difficult to see a significant rebound.

At present, the production enthusiasm of steel mills is average, and they are cautious about scheduling production in June. The market maintains a weak state of supply and demand, and there is not much pressure on stainless steel inventory. Steel mills and traders have limited willingness to proactively reduce prices. The production of 300 series stainless steel may increase to a high level, while terminal consumption remains weak. With the loosening of raw material prices and the shift of cost center, stainless steel prices in June may mainly operate around a weak cost line.