1、 Raw Material Report:

1. Nickel: On June 13th, the closing price of nickel in London was $21952, a significant increase of $1197, or 5.77%; The latest price of Shanghai Nickel 2307 is 166980 yuan, up 5780 yuan, or 3.59%. Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 9200 yuan/50 base tons. Luoyang Molybdenum Iron FeMo60s price of 242500 yuan/ton decreased by 3000 yuan or 1.23%.

2. The latest price of stainless steel SS2307 is 15325 yuan, up 195 yuan or 1.29%; The holding amount is 69437 hands and the trading volume is 46575 hands.

3. Price of Dainan waste stainless steel

201 New material 5500-5600304 Industrial 10700-10800304 New material 11000-11100304 Particleboard 9900-10000;

316 particle 17600-17700316 large furnace 19100-19200310 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; 18000 yuan/ton for 321/NO.1; 27300 yuan/ton for 316L/NO.1.

Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16500 yuan/ton, 321 material 22600 yuan/ton, 316L material 31900 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 14800 yuan/ton for 4-12mm, 15000 yuan/ton for 14mm; 15500 yuan/ton for 16mm;

S31603 material: 26300 yuan/ton for 4-12mm, 26700 yuan/ton for 14mm; 27200 yuan/ton for 16mm;

310S hot-rolled flat plate 3: 38100 yuan/ton for 4mm, 37200 yuan/ton for 5-12mm, and 38300 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 27800 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 27200 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The price of Qingshan round steel in June is 15100 yuan/ton for S30400 material, 25600 yuan/ton for 316L material, 17900 yuan/ton for TP321 material, and 16700 yuan/ton for 321 material. 304 raw pipe round steel price+800316L raw pipe round steel price+1000321 raw pipe round steel price+900.

2. S30400 material is 14700 yuan/ton, and 316L material is 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. Market price of Fukai round steel: ? 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 -34.9 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 8, 2023, the social inventory of stainless steel in the mainstream market nationwide was 989950 tons, a decrease of 35336 tons or 3.45% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 494650 tons, a decrease of 30986 tons or 5.89% compared to last week;

The total inventory of hot-rolled stainless steel is 495300 tons, a decrease of 4350 tons or 0.87% compared to last week;

The total inventory of the 200 series is 218012 tons, an increase of 5844 tons or 2.75% compared to the previous week;

The total inventory of the 300 series is 540673 tons, a decrease of 35280 tons or 6.13% compared to last week;

The total inventory of the 400 series is 231265 tons, a decrease of 5900 tons or 2.49% compared to last week.

Wuxis inventory is 539310 tons, a decrease of 26746 tons or 4.72% compared to last week.

Foshans inventory is 275505 tons, an increase of 155 tons or 0.06% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 175135 tons of inventory, a decrease of 8745 tons or 4.76% compared to last week.

5、 Market analysis

Indonesian domestic companies continue to make efforts in the nickel industry: PT United Tractors Tbk (UNTR) has signed an agreement to acquire 19.9% of the Australian listed nickel company Nickel Industries Limited (NIC) for 9.4 trillion rupees.

This transaction will increase UTs risk exposure in the electric vehicle supply chain, as NIC has multiple nickel projects in Indonesia and Australia. According to the Share Subscription Agreement (SSA) announced on Friday, PT Danusa Tambang Nusantara, a subsidiary of UNTR, will purchase 857 million new ordinary shares of NIC for A $110 per share, totaling A $943 million.

SSA will give UT 19.99% ownership of the NIC. Previously, PT Harum Energy Tbk (HRUM) purchased a 6.5% stake in NIC. Therefore, UNTR and HRUM will own shares in the same nickel company.

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 nickel central line hedging is treated with the idea of selling short every high. However, due to the fact that the global inventory of refined nickel is still at a historical low, the elasticity of nickel price increase is relatively high. Recently, with the recovery of peripheral sentiment, nickel prices may fluctuate strongly. It is recommended to temporarily wait and see.

Affected by the weak performance of the global manufacturing industry, there has been a significant decline in the domestic export order index, which will also have an impact on steel demand. According to a survey by the China Internet of Things Steel Logistics Professional Committee, the index of new export orders for steel enterprises fell 11.4 percentage points in May to 44.1%, returning to the contraction range.

Therefore, from the current perspective, the markets state of "strong supply and weak demand" is still difficult to change in the short term. Fortunately, the current steel inventory is relatively low and there is not much market pressure. For the later trend, from the current perspective, the markets expectations for policy are constantly increasing, but the reality is still weak; Therefore, in the short term, the market is in a state of upward pressure and downward pressure, and will gradually enter the bottoming stage.