Gold nine expected negative, stainless steel continued weak shock-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On September 22, London nickel closed at $19,418, up $295, or 1.54%; Shanghai nickel 2311 latest price 157410 yuan, up 890 yuan, up 0.57%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9400 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 271500 yuan/ton, down 1000 yuan.
2, stainless steel SS2311 latest price 15110 yuan, down 40 yuan, up 0.26%; The open position was 106,284 lots and the volume was 67,888 lots.
3, Wenzhou scrap stainless steel market quote:
On September 22, Wenzhou waste stainless steel market quotation: 201 non-film material 5900,304 industrial material 10800,316 industrial material 20300,430 non-film material 4450. Unit: Yuan/ton, note: 304, 316 to Fujian price plus 100 yuan/ton.
Second, Wuxi stainless steel coil reference price
1, TISCO hot rolling guide price:
300 hot rolling series: 304/NO.1 16400 yuan/ton; 17,500 yuan/ton for 321/ NO.1; 28,700 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 17300 yuan/ton, 321 material 21600 yuan/ton, 316L material 31900 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14800 yuan/ton, 14mm 15000 yuan/ton; 15500 yuan/ton for 16mm;
S31603 material 4-12mm 27300 yuan/ton, 14mm 27600 yuan/ton; 28,200 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 37000 yuan/ton, 5-12mm 36100 yuan/ton, 14mm 37200 yuan/ton.
3, Dongte 2205 hot rolling 28,300 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 18,400 yuan/ton; 316L hot rolled 28000 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 September price] S30400 material 15,600 yuan/ton, 316L material 27400 yuan/ton, TP321 material 18,500 yuan/ton, 321 material 17,300 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 15300 yuan/ton, 316L material 27200 yuan/ton seal.
3, [Yongxing bar ￠65-130] 304 material 18000 yuan/ton, TP321 material 20800 yuan/ton, 316L material 32000 yuan/ton, 316LGB material 35600 yuan/ton, S22053 material 34,500 yuan/ton.
4. 【 Fukai Market price 】 :
1), 2205 material ￠65-130 round steel 30400 yuan/ton; 2205 material continuous casting billet - 170-250 29600 yuan/ton;
2), TP316L continuous casting billet - 150-250:27800 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 29900 yuan/ton, 2507 material /F53 material 38500 yuan/ton, 630/17-4PH material 18000 yuan/ton.
11), Wuxi Puheng Forging round 304L material 17400 yuan/ton of 140-250, 17600 yuan/ton of 260-400; 316L material - 29400 yuan/ton of 140-250, 29600 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 - 28.9 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 44.1 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 33.4 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 21.4 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 35.9 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:
On September 21, 2023, the national mainstream market stainless steel social inventory 1072118 tons, an increase of 57743 over the previous week, an increase of 5.69%, of which:
The total inventory of cold-rolled stainless steel is 566469 tons, an increase of 14,802 tons, an increase of 2.68%;
The total inventory of hot-rolled stainless steel was 505,649 tons, an increase of 42,941 tons over the previous week, an increase of 1.58%;
The total inventory of 200 series is 206,012 tons, 19,459 tons more than last week, an increase of 10.43%;
The total inventory of 300 series is 686,680 tons, an increase of 28,970 tons over the previous week, an increase of 4.40%;
The total inventory of 400 series is 179426 tons, an increase of 9314 tons over the previous week, an increase of 5.48%.
Wuxi inventory of 570,809 tons, an increase of 21,744 tons over the previous week, an increase of 3.96%
Foshan inventory 368006 tons, an increase of 31202 tons, an increase of 9.26% compared with last week.
Zibo, Jieyang, Shenyang, Xi an inventory 133,303 tons, an increase of 4,797 tons over the previous week, an increase of 3.73%.
5. Market analysis
1, ferric molybdenum: last week the international molybdenum market is also in a falling channel, coupled with the downstream steel price continuous pressure, resulting in market mentality and emotional frustration, the current mainstream spot cash offer of ferric molybdenum in 268-271,000 yuan/ton, bulk market due to the market to buy up do not buy down in the heart, so all day long bulk market enquiries are not active, mainly to just need to purchase.
2. Ferrochrome:
The current increase in the production cost of high-carbon ferrochrome is mainly caused by the increase in the price of chromium ore and the recovery of coke prices. The overall change in land freight prices and electricity costs is little, and the impact on high-carbon ferrochrome production costs is limited. However, in the short term, the raw material used by the ferrochrome plant is still early chromium ore, and the current actual production cost of ferrochrome has not reached the immediate high level, and the profit margin of ferrochrome is not greatly affected for the time being.
3 Nickel iron:
In nickel mining, Indonesias policy has changed market expectations to "short-term supply is tight, long-term concerns are no longer", and loose expectations at the mine end have also put pressure on nickel and stainless steel. In terms of nickel-iron, the negative feedback caused by poor downstream demand is constantly putting pressure on iron prices. In terms of stainless steel, the gold nine expected disappointment makes the steel price pressure is obvious, the future market demand is difficult to reverse in the short term, it is expected that the steel price will continue to be weak and volatile, and pay attention to the impact of the negative feedback of the industrial chain.
4, stainless steel:
Stainless steel spot prices fell last week. On the supply side, the gold nine peak season is expected to fall through, and steel mills have also increased production cuts. On the demand side, the overall transaction is less than expected, and the pessimism of merchants is spreading. In terms of cost and profit, affected by the negative feedback of the industrial chain, nickel-iron prices have fallen this week, but demand is less than expected, resulting in steel prices continue to move downward, and the overall profit pressure on steel mills is still large. In terms of inventory, stainless steel began to accumulate this week, mainly because the market arrived normally, but due to limited downstream demand, procurement is cautious, and the overall digestion pace is slow. In general, the failure of stainless steel gold nine expectations makes the steel price pressure is obvious, the future market demand is difficult to reverse in the short term, and steel prices are expected to continue to be weak and volatile.

Zhejiang Benji Stainless Steel Co., Ltd.,