The hot test of the Indonesian square billet continuous casting machine project was successful, and the production of nickel ore will be reduced when the rainy season comes in the Philippines-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On October 26, London nickel closed at $18,079, down $238, or 1.30%; Shanghai nickel 2312 latest price 144,860 yuan, down 1760 yuan, down 1.20%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9000 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 213,500 yuan/ton, down 4000 yuan.
2, stainless steel SS2312 latest price 14,550 yuan, down 70 yuan, down 0.78%; The open position was 92,648 lots and the trading volume was 800,083 lots.
3, Wenzhou scrap stainless steel market quote:
Wenzhou waste stainless steel market quote: 201 non-film material 5800,304 industrial material 10500,316 industrial material 18200,430 non-film material 4300. 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; 16,900 yuan/ton of 321/ NO.1; 26,900 yuan/ton for 316L/NO.1.
Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 16600 yuan/ton, 321 material 21400 yuan/ton, 316L material 31000 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14300 yuan/ton, 14mm 14500 yuan/ton; 15,000 yuan/ton for 16mm;
S31603 material 4-12mm 25500 yuan/ton, 14mm 25900 yuan/ton; 26400 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 26500 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 rolling 26300 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 25200 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 28000 yuan/ton; 2205 material continuous casting billet 170-250 ￠27500 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 ￠140-250 27000 yuan/ton, ￠260-400 27200 yuan/ton.
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 26, 2023, the national mainstream market stainless steel social inventory of 1076,062 tons, an increase of 935 tons over the previous week, an increase of 0.09%, of which:
Cold-rolled stainless steel inventory of 596,423 tons, 14391 tons less than last week, a decrease of 2.36%;
The total inventory of hot-rolled stainless steel is 479,639 tons, 15326 tons more than last week, an increase of 3.30%;
The total inventory of 200 series is 186,958 tons, 17009 tons less than last week, a decrease of 8.34%;
The total inventory of 300 series is 703,878 tons, 5941 tons less than last week, a decrease of 0.84%;
The total inventory of 400 series is 185,226 tons, an increase of 23,885 tons over the previous week, an increase of 14.80%.
Wuxi inventory of 628894 tons, an increase of 22397 tons, an increase of 3.69% over the previous week
Foshans inventory of 3220,798 tons, down 46,479 tons from last week, a decrease of 12.61%.
Zibo, Jieyang, Shenyang, Xi an inventory of 125,089 tons, an increase of 25,017 tons over the previous week, an increase of 25%.
5. Market analysis
1, ferro molybdenum: Ferro molybdenum continued to decline, the mainstream price of 21-215,000 yuan/ton.
2. Ferrochrome:
October 27 Inner Mongolia high carbon ferrochrome factory price 8600 yuan /50 base tons.
3 Nickel iron:
At the cost end, nickel ore prices are under pressure, and the CIF price of Ni: 1.5% nickel ore is lowered by $3 / wet ton to $58 / wet ton.
On the supply side, the current profit price of the iron factory is mostly around 1120-1130 yuan/nickel (including tax to the factory), and the profit is limited under the cost support; The market sentiment is not good, and some traders who hold goods have the phenomenon of shipping profits. In October, the return of nickel iron in Indonesia was still high, and it is necessary to beware of the impact on the domestic market.
On the demand side, the downstream stainless steel plate fluctuates downward, and the spot market is generally traded. Under the double extrusion of production and consumption, steel mills maintain a price mentality for ferro nickel, and the psychological price is more than 1100 yuan/nickel (including tax to the factory) or even below.
In Indonesia, the local government in order to maintain the balance between nickel ore supply and demand, plans to suspend or limit the construction of secondary nickel processing plant permits, which is expected to further reduce Indonesias nickel iron production; The Philippines is about to enter the rainy season, nickel ore production is expected to gradually decrease, Chinas nickel ore imports from the Philippines is also expected to gradually decline.
4, stainless steel:
Indonesia 6 machine 6 flow square billet continuous casting machine project success: Recently, PT-0SS (Indonesia OSS Company) 6-machine 6-flow square, round billet continuous casting machine EP project successful one-time hot test, the continuous casting machine with the production of 160mm-220mm square billet and φ180mm-240mm round billet capacity, the main products are 300 series stainless steel, duplex steel and welding wire steel, designed annual output of 1 million tons.
At the macro level, the financial increase of 1 trillion special Treasury bonds and special funds, mainly invested in post-disaster reconstruction and emergency engineering construction, night stainless steel rose slightly by 0.86% to 14,720 yuan/ton. The issuance of special Treasury bonds is in the fundamentals, which is conducive to the recovery of demand and the digestion of excess supply and demand. Recently, the price of raw materials has loosened, and the transaction price of nickel iron has fallen, but it is still at a relatively high level, and the immediate profit has a small loss.
It is expected that the follow-up steel mills will maintain the supply side of the active reduction of capacity to alleviate the contradiction between supply and demand, stainless steel is expected to shock adjustment in the short term.

Zhejiang Benji Stainless Steel Co., Ltd.,