The Federal Reserve will raise interest rates with the peak season is expected to be good, stainless steel strong shock-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On July 24, London nickel closed at $21,428, up $659, or 3.18%; Shanghai Nickel 2309 latest price 169370 yuan, up 2630 yuan, up 1.58%. Shanghai high carbon ferrochrome FeCr55C1000(50 base) 8900 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 258000 yuan/ton.
2, stainless steel SS2309 latest price 15575 yuan, up 120 yuan, an increase of 0.78%; The open position was 120,202 lots and the trading volume was 51,472 lots.
3, Dynan waste stainless steel price
201 New material 5500-5600, 304 Industrial 10100-10200, 304 new material 10500-10700, 304 Shavings 9400-9500;
316 Shavings 17400-17500, 316 large furnace 18900-19000, 310 clinker 26800-26900;
430 No film 4150-4250, 431 return charge 3150-3200.
Second, Wuxi stainless steel coil reference price
Three.
1, TISCO hot rolling guide price:
300 hot rolling series: 304/NO.1 16200 yuan/ton; 17,500 yuan/ton for 321/ NO.1; 27,600 yuan/ton of 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 16600 yuan/ton, 321 material 22800 yuan/ton, 316L material 31900 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14700 yuan/ton, 14mm 14900 yuan/ton; 15400 yuan/ton for 16mm;
S31603 material 4-12mm 26600 yuan/ton, 14mm 27000 yuan/ton; 27600 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 37100 yuan/ton, 5-12mm 36300 yuan/ton, 14mm 37300 yuan/ton.
3, Dongte 2205 hot rolling 27700 yuan/ton.
4, Qingshan hot rolling: 304 material 14,700 yuan/ton;
5, Zhangpu guide price: 304 material 15,500 yuan/ton, 321 hot rolled 18,500 yuan/ton; 316L hot rolling 27100 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 July price] S30400 material 14,600 yuan/ton, 316L material 25600 yuan/ton, TP321 material 17,500 yuan/ton, 321 material 16,300 yuan/ton. 304 round steel price +800,316L series round steel price +1000,321 series round steel price +900.
2, 【 Delong round steel ￠65-130】S30400 material 14,400 yuan/ton, 316L material 25400 yuan/ton.
3, [Yongxing bar ￠65-130] 304 material 17000 yuan/ton, TP321 material 19800 yuan/ton, 316L material 29500 yuan/ton, 316LGB material 33100 yuan/ton, S22053 material 31500 yuan/ton.
4. 【 Fukai Market price 】 :
1), 2205 material ￠65-130 round steel 28400 yuan/ton; 2205 material continuous casting billet 170-250 ￠27600 yuan/ton;
2), TP316L continuous casting billet - 150-250:26300 yuan/ton; 3), NO8810 electroslag ingot ￠360-900:72000 yuan/ton;
4), NO8825 electroslag ingot ￠360-900:108000 yuan/ton; 5), 17-4 electroslag ingot ￠360-900:22,000 yuan/ton;
6), 625 vacuum electroslag ingot ￠360-900:226000 yuan/ton; 7), 6600 vacuum electroslag ingot - 360-900:171000 yuan/ton;
8), C-276 vacuum electroslag ingot ￠360-900:247000 yuan/ton; 9), 718 vacuum electroslag ingot ￠360-900:195,000 yuan/ton;
10), Jiangyin Hanzhou 2205/F60 material 28500 yuan/ton, 2507 material /F53 material 37500 yuan/ton, 630/17-4PH material 18000 yuan/ton.
11), Wuxi Puhengjia 304L material 17100 yuan/ton of 140-250, 27700 yuan/ton of 260-400; 316L material - 27500 yuan/ton of 140-250, 27700 yuan/ton of 260-400.
5, 【 Zhejiang Benji pipe reference price 】
Stainless steel seamless pipe 30408 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 28.8 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 41.5 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 32.8 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 21.1 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 35 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery - 28.1 yuan /kg.
Iv. Statistical Data (according to Mysteel survey statistics) :
According to Mysteel:
On July 20, 2023, the national mainstream market stainless steel social inventory of 1,026,689 tons, an increase of 14,529 over the previous week, an increase of 1.44%, of which:
The total inventory of cold-rolled stainless steel is 50,179 tons, an increase of 9257 tons over the previous week, an increase of 1.89%;
The total inventory of hot-rolled stainless steel is 526,510 tons, an increase of 5272 tons, an increase of 1.01% over the previous week;
The total inventory of 200 series is 199,289 tons, an increase of 5634 tons over the previous week, an increase of 2.91%;
The total inventory of 300 series is 569,239 tons, an increase of 6,209 tons over the previous week, an increase of 1.10%;
The total inventory of 400 series is 258,161 tons, an increase of 2868 tons over the previous week, a decrease of 1.05%.
Wuxi inventory 554743 tons, an increase of 1682 tons over the previous week, an increase of 0.30%.
Foshan inventory 280,662 tons, an increase of 13,660 tons over the previous week, an increase of 5.12%.
Zibo, Jieyang, Shenyang, Xi an inventory 191,281 tons, 813 tons less than last week, a decrease of 0.42%.

5. Market analysis
The market expects the Federal Reserve to end the current interest rate hike cycle will only raise interest rates once more, and the market began to bet on the near future, the Federal Reserve is about to open the interest rate cut cycle, this week ushered in the "super central bank week", this Thursday morning, the Federal Reserve will announce interest rate resolutions, the market will wait for further guidance, short-term market sentiment has boosted, stainless steel prices to maintain shock rising market, Spot prices followed suit.
Recently, China has introduced a number of joint efforts to promote furniture consumption, formulate a number of measures to restore and expand consumption, and the latest new measures to promote the development of the private economy, good policy dividends continue to release good steel market, but the off-season and high temperature weather led to poor spot overall demand.
304 stainless steel is in a pattern of high realistic supply, weak realistic demand, increasing expected supply, good expected demand, neutral inventory and weak cost neutrality. In July, the production of 300 series stainless steel was at a high level, while the terminal consumption performance was general, and the high profit state of nickel-iron superposition of new capacity continued to expand, and the late nickel-iron price center of gravity or a downward trend. However, due to the expected supply and demand increase in the stainless steel middle line, and no obvious inventory pressure, the contradiction between supply and demand is not prominent, coupled with short-term peripheral sentiment is strong, and there are still policy expectations and peak season consumption expectations support, short-term prices or strong shocks.

Zhejiang Benji Stainless Steel Co., Ltd.,