Stainless steel inventory has dropped to a medium to low level, and prices continue to fluctuate and fine-tune-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On June 20th, the closing price of nickel in London was $22039, down $464, or 2.07%; The latest price of Shanghai Nickel 2307 is 165920 yuan, up 430 yuan or 0.26%. Shanghais high carbon ferrochrome FeCr55C1000 (50 base) is 9000 yuan/50 base tons, down 100 yuan. The 250000 yuan/ton of Luoyang ferromolybdenum FeMo60 increased by 8500 yuan or 3.32%.

2. The latest price of stainless steel SS2308 is 14840 yuan, up 40 yuan or 0.27%; The holding volume is 56656 lots and the trading volume is 37687 lots.

3. Price of Dainan waste stainless steel

201 New materials 5500-5600304 Industrial 10700-10800304 New materials 10900-11000304 Particleboard 9900-10000;

316 shavings 17800-18000316 large furnace 19100-19200310 clinker 26900-27000;

430 No film 4400-4500431 Returned material 4000-4100.

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; 17900 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: 14700 yuan/ton for 4-12mm, 14900 yuan/ton for 14mm; 15400 yuan/ton for 16mm;

S31603 material: 26200 yuan/ton for 4-12mm, 26600 yuan/ton for 14mm; 27100 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 14500 yuan/ton;

5. Zhangpu guide price: 15500 yuan/ton for 304 materials, 18500 yuan/ton for 321 hot-rolled materials; 316L hot-rolled 27100 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 15, 2023, the social inventory of stainless steel in the mainstream market nationwide was 982206 tons, a decrease of 7744 tons or 0.78% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 474852 tons, a decrease of 19798 tons or 4.00% compared to last week;

The total inventory of hot-rolled stainless steel is 507354 tons, an increase of 12054 tons or 2.43% compared to the previous week;

The total inventory of the 200 series is 211340 tons, a decrease of 6672 tons or 3.06% compared to last week;

The total inventory of the 300 series is 547578 tons, an increase of 6905 tons or 1.28% compared to the previous week;

The total inventory of the 400 series is 223288 tons, a decrease of 7977 tons or 3.45% compared to last week.

Wuxis inventory is 542704 tons, an increase of 3394 tons or 0.63% compared to last week.

Foshans inventory is 268828 tons, a decrease of 6677 tons or 2.42% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 170674 tons of inventory, a decrease of 4461 tons or 2.55% 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 nickel central line hedging is treated with the idea of selling short every high. However, due to the fact that global refined nickel inventory is still at a historical low, nickel prices have a relatively high elasticity of rise, and recent macroeconomic sentiment is relatively strong. In the short term, nickel prices may remain volatile, so it is recommended to temporarily wait and see.

304 stainless steel is in a pattern of increasing supply, weak consumer neutrality, and cost neutrality. Due to the improvement in profits of nickel iron stainless steel, the production of 300 series stainless steel may increase to a high level in June, while terminal consumption remains weak. Moreover, the high profit status of nickel iron combined with the continuous expansion of new production capacity may lead to a downward trend in the center of nickel iron prices in the later stage, and the upward space for stainless steel prices is limited. However, the current contradiction of stainless steel itself is not prominent, and inventory continues to decline to medium to low levels. In the short term, peripheral sentiment is strong, and nickel prices are rebounding, causing stainless steel prices to fluctuate.

Zhejiang Benji Stainless Steel Co., Ltd.,