From January to September, Chinas total imports of high-carbon ferrochrome increased by 37%, and steel demand is not easy to improve in the short term-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On October 20, London nickel closed at $18,588, up $68, or 0.37%; Shanghai nickel 2311 latest price 148940 yuan, down 250 yuan, down 0.17%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9100 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 224,500 yuan/ton, up 15,000 yuan.
2, stainless steel SS2312 latest price 14570 yuan, down 85 yuan, down 0.58%; The open position was 95,182 lots and the trading volume was 42,173 lots.
3, Wenzhou scrap stainless steel market quote:
Wenzhou waste stainless steel market quote: 201 non-film material 5800,304 industrial material 10600,316 industrial material 18200,430 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 16000 yuan/ton; 321/ NO.1 17,100 yuan/ton; 26,900 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 17000 yuan/ton, 321 material 21600 yuan/ton, 316L material 31800 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 25300 yuan/ton, 14mm 25700 yuan/ton; 26,200 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 26700 yuan/ton.
4, Qingshan hot rolling: 304 material 14,200 yuan/ton;
5, Zhangpu guide price: 304 material 15,200 yuan/ton, 321 hot rolled 17,900 yuan/ton; 316L hot rolled 26000 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 14600 yuan/ton, 316L material 25100 yuan/ton, TP321 material 17500 yuan/ton, 321 material 16300 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 14,400 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 26200 yuan/ton of 140-250, 26400 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 - 27.7 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 40.8 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 31.8 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 19, 2023, the national mainstream market stainless steel social inventory of 1075,127 tons, 52,656 tons less than last week, a decrease of 4.67%, of which:
Cold-rolled stainless steel inventory of 610,814 tons, 17,511 tons less than last week, a decrease of 2.79%;
The total inventory of hot-rolled stainless steel is 464,313 tons, down 35145 tons from last week, a decrease of 7.04%;
The total inventory of 200 series is 203,967 tons, 9815 tons less than last week, a decrease of 4.59%;
The total inventory of 300 series is 709,819 tons, 31,372 tons less than last week, a decrease of 4.23%;
The total inventory of 400 series is 161,341 tons, down 11,469 tons from last week, a decrease of 6.64%.
Wuxi inventory of 606,497 tons, down 12,520 tons from last week, a decrease of 2.02%
Foshan inventory 368,558 tons, 20,262 tons less than last week, a decrease of 5.21%.
Stocks in Zibo, Jieyang, Shenyang and Xi an are 10,072 tons, down 19,874 tons from last week, a decrease of 16.57%.
5. Market analysis
1, ferro molybdenum: the mainstream price of ferro molybdenum is 223,000-230,000 yuan/ton.
2. Ferrochrome:
In September 2023, Chinas total import of high-carbon ferrochrome was 301,900 tons, an increase of 5.4% month-on-month and 29.8% year-on-year; Among them, 140,400 tons of high-carbon ferrochrome were imported from South Africa, a decrease of 14.7% from the previous quarter and 9% from the previous year; 91,600 tons of high-carbon ferrochrome imported from Kazakhstan, an increase of 35.4% month-on-month and 189.1% year-on-year.
From January to September 2023, Chinas imports of high-carbon ferrochrome totaled 2.416,200 tons, an increase of 37%; Among them, the number of high-carbon ferrochrome imported from South Africa was 1,413,500 tons, an increase of 61.3%, and the number of high-carbon ferrochrome imported from Kazakhstan was 494,300 tons, an increase of 25.3%.
3 Nickel iron:
This week, mainstream steel mills entered the purchase of nickel iron, driving the focus of nickel iron bargaining to move down, nickel iron prices are under pressure. At the cost end, the profit margin of the industrial chain has been squeezed from the bottom up, and the mining end has made profits, and the CIF price of ni: 1.5% has fallen to 63 US dollars/wet ton, and the nickel ore price is under pressure. On the supply side, the profit margin of domestic iron mills has been in a state of loss under the continuous squeeze of upstream and downstream, but under the bearish sentiment of the market, iron mills and traders have loosened the quotation, and the current quotation is mostly around 1130 yuan/nickel (factory tax included), and it is difficult to make room for profit for the time being;
This week, Indonesia nickel iron reflux level continued to record high, but the recent rise in oil prices, sea freight with the rise, to a certain extent, increased the cost of traders Indonesia nickel iron reflux. On the demand side, downstream demand has not recovered, and spot prices remain low. In addition, steel mills continue to put pressure on the raw material end, nickel iron prices fell sharply, steel mills immediate production profits slightly recovered, the current price of nickel iron to maintain a pressure mentality, psychological price is more than 1100-1120 yuan/nickel (to the factory includes). At present, the psychological price difference between the supply and demand sides is further narrowed, and the follow-up needs to pay attention to the latest transaction dynamics of the market and the quotations and psychological prices of the supply and demand sides.
4, stainless steel:
At present, the social inventory of stainless steel has fallen by 52,700 tons, a significant decline, and the inventory pressure has been greatly reduced in the mainstream market of stainless steel resources in various departments. This week, the market arrived less, due to the general trading atmosphere, the spot market is weak, shipments are concentrated in low-price resources.
At present, although the acceleration of manufacturing investment and infrastructure investment will drive a certain increase in steel demand, the drag of the decline in real estate investment on steel demand is still strong, and it is difficult to significantly increase steel demand in the short term.

Zhejiang Benji Stainless Steel Co., Ltd.,