In October, the national high-carbon ferrochrome production reached a record high, and stainless steel consumption was lower than expected-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1, nickel: On November 1, London nickel closed at $18,014, down $116, or 0.64%; Shanghai Nickel 2312 latest price 140630 yuan, down 890 yuan, down 0.63%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 9000 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 205,500 yuan/ton, up 3,000 yuan.
2, stainless steel SS2312 latest price 14390 yuan, down 25 yuan, down 0.17%; The open position was 91,957 lots, and the trading volume was 91,322 lots.
3, Wenzhou scrap stainless steel market quote:
Wenzhou waste stainless steel market quote: 201 non-film material 5800,304 industrial material 10300,316 industrial material 17600,430 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: 15900 yuan/ton of 304/NO.1; 16,900 yuan/ton of 321/ NO.1; 26,800 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 17100 yuan/ton, 321 material 21700 yuan/ton, 316L material 30600 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14200 yuan/ton, 14mm 14400 yuan/ton; 14900 yuan/ton for 16mm;
S31603 material 4-12mm 25,000 yuan/ton, 14mm 25900 yuan/ton; 26400 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 36200 yuan/ton, 5-12mm 35400 yuan/ton, 14mm 36400 yuan/ton.
3. Dongte 2205 hot rolled 26000 yuan/ton.
4, Qingshan hot rolling: 304 material 14,100 yuan/ton;
5, Zhangpu guide price: 304 material 15,100 yuan/ton, 321 hot rolled 17,900 yuan/ton; 316L hot rolling 25900 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 14,500 yuan/ton, 316L material 24700 yuan/ton, TP321 material 17,400 yuan/ton, 321 material 16,200 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 26400 yuan/ton of 140-250, 26600 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 -- 20.6 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 33.4 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 research: As of October 27, the domestic trade of stainless steel in transit sea drift a total of 39,750 tons, a total of 12 ships, 150 tons less than the previous period, from Fujian port 39,750 tons, from Jiangsu port 0 tons.
From October 20 to October 27, the total amount of stainless steel discharged from domestic trade to port was 101,947 tons, an increase of 28,630 tons compared with the previous period; Foshan 55,817 tons, an increase of 23,565 tons over the previous period; Wuxi 46130 tons, an increase of 5065 tons from the previous period; 86,947 tons from Fujian port, 15,000 tons from Jiangsu port.
5. Market analysis
1, ferro molybdenum: On November 2, the mainstream price of ferro molybdenum was 20.3-208,000 yuan/ton; 45%-50% taste molybdenum mine price in 3010-3050 yuan/ton.
2. Ferrochrome:
On November 1, Inner Mongolia high carbon ferrochrome natural block cash including tax factory quote 8500-8700 yuan /50 base tons; Sichuan 8600-8800 yuan /50 base tons. Inner Mongolia low carbon ferrochrome C25 acceptance including tax ex-factory report 14900-15300 yuan /60 base ton; Micro carbon ferrochrome C6 quote 15200-15800 yuan /60 base tons.
In October, the national high carbon ferrochrome production hit a new record high, while downstream consumption is weak, steel mills have increased production cuts, the demand for raw ferrochrome is weakening, the supply of strong and weak situation is difficult to change in the short term, and the ferrochrome market is declining. Therefore, in October, the spot sales price of high-carbon ferrochrome in the domestic market was lowered to 8600-8700 yuan /50 base tons, which eventually led to the bidding price of Qingshan steel mill in November falling by 300 yuan /50 base tons to 8695 yuan /50 base tons. Ferrochrome prices are expected to weaken further in November.
3 Nickel iron:
On November 1, the domestic factory price of Mysteel high nickel iron was reduced by 5 yuan to 1095-1100 yuan/nickel; Domestic ex-factory price is temporarily stable to 1110-1120 yuan/nickel; Indonesian high nickel iron bilge price including tax temporarily stable to 1100-1110 yuan/nickel, Indonesian nickel iron FOB price temporarily stable to 132 US dollars/nickel.
4, stainless steel:
Stainless steel consumption in October was lower than expected, with both domestic and overseas sales. Downstream end customers face poor market trend wait-and-see sentiment, superposition for next years economic expectations are not satisfactory, which will directly affect the speculative demand of downstream customers at the end of the year, making downstream customers procurement enthusiasm will weaken.
Combined with the demand trend, inventory situation, steel mill losses, September or will be the highest point in the supply of steel mills in the year, the fourth quarter of steel mill production and sales probability will fall month by month to alleviate the intensified contradiction between supply and demand. According to industry institutions and website statistics, it is expected that domestic stainless steel crude steel production in October reduced to about 3 million tons, a decrease of nearly 200,000 tons in September, and it is expected that the total output in November will be reduced by 100,000 tons to about 2.9 million tons. The continuous production reduction of domestic steel mills has alleviated the sales pressure on the market to a certain extent, and the social inventory has also declined.
However, while domestic production decreased, Indonesias production increased from October to November, which is mainly reflected in profiles and a slight increase in plates; Moreover, overseas sales in November are poor, and it is expected that the amount of imports returned to China will increase slightly in November and December, which will make up for the domestic reduction space to a certain extent.
In summary, in November nickel-chromium stainless steel raw materials or will further weaken, stainless steel cost support weakened. In November, steel mills may further reduce production, and the supply pressure may ease, but it is necessary to pay attention to the production reduction of steel mills. It is expected that the price trend of stainless steel in November will continue to weaken.

Zhejiang Benji Stainless Steel Co., Ltd.,