The pressure of global demand contraction is still there, and the profit situation of the stainless steel industry chain is not good-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On October 17, London nickel closed at $18,593, down $9, or 0.05%; Shanghai nickel 2311 latest price 150680 yuan, down 350 yuan, down 0.23%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9200 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 198,500 yuan/ton, down 15,000 yuan.
2, stainless steel SS2312 latest price 14805 yuan, down 25 yuan, down 0.17%; The open position was 72,933 lots and the trading volume was 33,823 lots.
3, Wenzhou scrap stainless steel market quote:
On September 22, Wenzhou waste stainless steel market quotation: 201 non-film material 5750,304 industrial material 10500,316 industrial material 17200,430 non-film material 4350. 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 16200 yuan/ton; 321/ NO.1 17,100 yuan/ton; 27,100 yuan/ton for 316L/NO.1.
Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 17100 yuan/ton, 321 material 21600 yuan/ton, 316L material 31800 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14500 yuan/ton, 14mm 14700 yuan/ton; 15200 yuan/ton for 16mm;
S31603 material 4-12mm 25300 yuan/ton, 14mm 25800 yuan/ton; 26,300 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 26600 yuan/ton.
4, Qingshan hot rolling: 304 material 14,400 yuan/ton;
5, Zhangpu guide price: 304 material 15,300 yuan/ton, 321 hot rolled 17,900 yuan/ton; 316L hot rolling 26100 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 14500 yuan/ton, 316L material 24200 yuan/ton, TP321 material 17400 yuan/ton, 321 material 16200 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 14,600 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 29500 yuan/ton, 2507 material /F53 material 38000 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 - 27.6 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 39.8 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 -- 20.9 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 33.7 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery -- 27.3 yuan /kg.
Iv. Statistical Data:
According to Mysteel:
On October 12, 2023, the national mainstream market stainless steel social inventory of 1127,783 tons, down 39,012 tons from the previous week, a decrease of 3.34%, of which:
Cold-rolled stainless steel inventory of 628,325 tons, 26,467 tons less than last week, a decrease of 4.04%;
The total inventory of hot-rolled stainless steel is 499,458 tons, 12545 tons less than last week, a decrease of 2.45%;
The total inventory of 200 series is 213,782 tons, 701 tons less than last week, a decrease of 0.33%;
The total inventory of 300 series is 741,191 tons, 30,344 tons less than last week, a decrease of 3.93%;
The total inventory of 400 series is 172,810 tons, 7,967 tons less than last week, a decrease of 4.41%.
Wuxi inventory of 619,017 tons, down 21,481 tons from last week, a decrease of 3.35%
Foshans inventory is 388,820 tons, down 17,131 tons from last week, a decrease of 4.22%.
Zibo, Jieyang, Shenyang, Xi an inventory 119,946 tons, 400 tons less than last week, a decrease of 0.33%.
5. Market analysis
1, ferro molybdenum: the mainstream price of ferro molybdenum is 1900-205,000 yuan/ton.
2. Ferrochrome:
October 17, Inner Mongolia high carbon ferrochrome natural block cash including tax factory quote 8700-8900 yuan /50 base tons; Sichuan 8800-9000 yuan /50 base tons. Inner Mongolia low carbon ferrochrome C25 acceptance tax ex-factory report 15300-15700 yuan /60 base ton; Micro carbon ferrochrome C6 quote 15600-16200 yuan /60 base tons.
17 high carbon chromium iron weak operation mainly, due to the continued downturn in downstream demand has not improved, superimposed stainless steel prices continue to fall, steel mill pressure mentality gradually, market sentiment is more pessimistic, individual traders bearish mentality is strong, early to reduce the amount of quotation to avoid risk.
3 Nickel iron:
Nickel iron price pressure downward, October 17, Mysteel high nickel iron domestic factory price down 10 yuan to 1130-1135 yuan/nickel; Domestic ex-factory price decreased by 10 yuan to 1135-1145 yuan/nickel; The Indonesian high nickel iron bilge price including tax was reduced by 10 yuan to 1130-1140 yuan/nickel, and the Indonesian ferro nickel FOB price was reduced by 1 dollar to 135 dollars/nickel. Indonesian nickel mining concerns are suspended, nickel iron prices continue to fall, some recent steel plant overhaul production cuts, but Indonesias iron production and grade have declined, concerned about steel plant scheduling and related events progress
4, stainless steel:
From the perspective of the foreign environment, the global manufacturing PMI index has rebounded in the contraction range, reflecting the weak repair trend of the global economy, the overall tightening environment has not changed, and the pressure of demand contraction still exists. However, with the weak recovery of the global manufacturing sector, institutions have improved their expectations for global economic growth.
Stainless steel production fell slightly in October, and some steel mills cut production for maintenance, but the overall supply pressure is still large. In addition, Indonesia nickel mine supply is still uncertain, stainless steel season demand as a whole is less than expected, holiday inventory is expected to increase, new energy demand is stable, pay attention to downstream consumption after the holiday.
The current profit situation of the stainless steel industry chain is not good, which directly affects the actual production of stainless steel, and the production of stainless steel mills has been slightly reduced, the social inventory of stainless steel has begun to digest and fall, and the spot market sales pressure is slightly reduced, coupled with the current cost support of stainless steel, it is expected that the short-term stainless steel price or a small shock

Zhejiang Benji Stainless Steel Co., Ltd.,