Triple benefits drive global commodity strength, with Qingshan adjusting its price for stainless steel bars in June-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On June 1st, the closing price of nickel in London was $21318, up $730 or 3.55%; The latest price of Shanghai Nickel 2307 is 161410 yuan, up 4680 yuan, or 2.99%. Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 9300 yuan/50 base tons. Luoyang molybdenum iron FeMo60 is priced at 250500 yuan/ton, up 7000 yuan or 2.88%.

2. The latest price of stainless steel SS2307 is 15050 yuan, up 185 yuan or 1.25%; The holding amount is 62711 lots, and the trading volume is 62899 lots.

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; 27000 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: 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 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 15100 yuan/ton in June, 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+800316L 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 is 28500 yuan/ton, 2507 material/F53 material is 37500 yuan/ton, and 630/17-4PH material is 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 June 1, 2023, the social inventory of stainless steel in the mainstream market nationwide was 1025286 tons, a decrease of 37268 tons or 3.51% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 525636 tons, a decrease of 22432 tons or 4.09% compared to last week;

The total inventory of hot-rolled stainless steel is 499650 tons, a decrease of 14836 tons or 2.88% compared to last week;

The total inventory of the 200 series is 212168 tons, a decrease of 5393 tons or 2.48% compared to last week;

The total inventory of the 300 series is 575953 tons, a decrease of 34780 tons or 5.69% compared to last week;

The total inventory of the 400 series is 237165 tons, an increase of 2905 tons or 1.24% compared to the previous week.

Wuxis inventory is 566056 tons, a decrease of 21049 tons or 3.59% compared to last week.

Foshans inventory is 275350 tons, a decrease of 19534 tons or 6.62% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have inventory of 183880 tons, an increase of 3315 tons or 1.84% compared to last week.

5、 Market analysis

In the stainless steel sector, due to the following three positive factors, Qingshan has raised the price of all series of stainless steel bars:

1. Last week, the domestic mainstream market inventory decreased by 37000 tons, and continued to destock nearly 65000 tons for two consecutive weeks;

2. Molybdenum iron rose significantly by 7000 yuan yesterday, driving the rise of 316L and 2205 stainless steel materials.

3. The US debt ceiling has passed a vote in the House of Representatives, easing risk sentiment and possibly delaying the Feds interest rate hike in June until July.

The dual benefits of the US economy have improved global market risk appetite; In May, the domestic Caixin manufacturing industry data was released, showing that the manufacturing PMI rose to 50.9, and the overall prosperity returned to above the boom and bust line. Commodity prices strengthened, and positive data boosted the general metal recovery; Nickel prices are expected to rebound driven by surrounding metals. According to the Market Department on May 30th, Indonesia will temporarily suspend the imposition of export tariffs on nickel products, coupled with the early concentration of Russian nickel deliveries. Recently, nickel oversupply has gradually been realized, but continuous inventory depletion is still positive for nickel prices. Today, the market is expected to have a strong rebound signal for short-term Shanghai nickel.

Zhejiang Benji Stainless Steel Co., Ltd.,