The domestic stainless steel social inventory increased by 90,000 tons, and the spot market sales pressure gradually increased-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On October 11, London nickel closed at $18,371, down $311, or 1.66%; Shanghai nickel 2311 latest price 148730 yuan, down 1730 yuan, down 1.15%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9200 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 238,500 yuan/ton, down 6,000 yuan.
2, stainless steel SS2311 latest price 14675 yuan, up 105 yuan, an increase of 0.72%; The open position was 79,175 lots and the trading volume was 51,154 lots.
3, Wenzhou scrap stainless steel market quote:
On September 22, Wenzhou waste stainless steel market quotation: 201 non-film material 5800,304 industrial material 10500,316 industrial material 19200,430 non-film material 4400. 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 16100 yuan/ton; 321/ NO.1 17,100 yuan/ton; 27,700 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 14400 yuan/ton, 14mm 14600 yuan/ton; 15100 yuan/ton for 16mm;
S31603 material 4-12mm 26000 yuan/ton, 14mm 26400 yuan/ton; 26,900 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 36700 yuan/ton, 5-12mm 35900 yuan/ton, 14mm 36900 yuan/ton.
3, Dongte 2205 hot rolling 27400 yuan/ton.
4, Qingshan hot rolling: 304 material 14,300 yuan/ton;
5, Zhangpu guide price: 304 material 15,200 yuan/ton, 321 hot rolled 18,000 yuan/ton; 316L hot rolling 26800 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 14800 yuan/ton, 316L material 25600 yuan/ton, TP321 material 17700 yuan/ton, 321 material 16500 yuan/ton, 2205 material round steel 27500 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 15000 yuan/ton, 316L material yuan/ton seal.
3, [Yongxing bar ￠65-130] 304 material 17,500 yuan/ton, TP321 material 20,300 yuan/ton, 316L material 30500 yuan/ton, 316LGB material 34100 yuan/ton, S22053 material 32,500 yuan/ton.
4. 【 Fukai Market price 】 :
1), 2205 material ￠65-130 round steel 28500 yuan/ton; 2205 material continuous casting billet - 170-250 28000 yuan/ton;
2), TP316L continuous casting billet - 150-250:26200 yuan/ton; 3), NO8810 electroslag ingot ￠360-900:69,000 yuan/ton;
4), NO8825 electroslag ingot ￠360-900:102000 yuan/ton; 5), 17-4 electroslag ingot ￠360-900:20000 yuan/ton;
6), 625 vacuum electroslag ingot ￠360-900:208000 yuan/ton; 7), 6600 vacuum electroslag ingot - 360-900:155,000 yuan/ton;
8), C-276 vacuum electroslag ingot ￠360-900:232000 yuan/ton; 9), 718 vacuum electroslag ingot ￠360-900:183,000 yuan/ton;
10), Jiangyin Hanzhou 2205/F60 material 29000 yuan/ton, 2507 material /F53 material 38500 yuan/ton, 630/17-4PH material 18000 yuan/ton.
11), Wuxi Puheng Forging round 304L material 16800 yuan/ton of 140-250, 17000 yuan/ton of 260-400; 316L material - 27700 yuan/ton of 140-250, 27900 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 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 42.6 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 32.1 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 20.8 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 34.4 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery -- 27.4 yuan /kg.
Iv. Statistical Data:
According to Mysteel:
On October 8, 2023, the national mainstream market stainless steel social inventory of 1,166,795 tons, an increase of 92025 over the previous week, an increase of 8.56%, of which:
The total inventory of cold-rolled stainless steel is 654792 tons, an increase of 63,600 tons over the previous week, an increase of 10.76%;
The total inventory of hot-rolled stainless steel is 512,003 tons, an increase of 28,425 tons over the previous week, an increase of 5.88%;
The total inventory of 200 series is 214,483 tons, an increase of 7036 tons over the previous week, an increase of 3.39%;
The total inventory of 300 series is 771,535 tons, an increase of 63,297 tons over the previous week, an increase of 8.94%;
The total inventory of 400 series is 180777 tons, an increase of 21692 tons over the previous week, an increase of 8.56%.
Wuxi inventory of 640,498 tons, an increase of 72,303 tons over the previous week, an increase of 12.72%
Foshans inventory of 405,951 tons, an increase of 15,784 tons, an increase of 4.05% over last week.
Zibo, Jieyang, Shenyang, Xi an inventory 120,346 tons, an increase of 3939 tons over the previous week, an increase of 3.38%.
5. Market analysis
1, ferro molybdenum: According to the investigation of the national ferro molybdenum main production areas of 24 enterprises (two new) in September 2023 ferro molybdenum production 17,040 tons, down 2.39% from the previous month. Mainstream spot cash price 225,000-230,000 yuan/ton.
2. Ferrochrome:
On the 10th, the stable operation of high-carbon ferrochrome is mainly based on the poor sale of ferrochrome, and the market is dominated by a small number of low-price transactions. In the case of low demand, the quotation of ferrochrome in multi-producing areas is reduced by 100 yuan to 8900 yuan /50 base tons. It is expected that the ferrochrome market will be weak and stable in the near future.
3 Nickel iron:
The supply of pure nickel, ferro nickel and nickel intermediates has a large increment, the primary nickel is changing from structural surplus to overall surplus, and the nickel midline maintains the idea of selling on a high. However, because the global refined nickel manifest inventory is still at a historical low, Shanghai nickel warehouse at a low level, low inventory low warehouse state nickel price rise elasticity is large, the recent nickel price continued to fall after the problem of high valuation temporarily eased, nickel industry profits were significantly shrunk, nickel prices continue to decline the initiative is insufficient, short-term nickel prices or shock operation, it is recommended to wait and see.
4, stainless steel:
In September, the production of 300 series stainless steel was at a high level, while the end consumption performance was general, and nickel-iron and stainless steel were in a state of continuous expansion and excess capacity. The current profit situation of the stainless steel industry chain is not good, but it has not affected the actual production of stainless steel, stainless steel social inventory continues to rise, the spot market sales pressure is increasing, making the upward space of stainless steel prices is limited, but due to cost support, making stainless steel prices are under pressure, it is expected that short-term stainless steel prices or shock operation, it is recommended to wait and see for the time being.

Zhejiang Benji Stainless Steel Co., Ltd.,