Nickel price cost support moved down, steel mill losses under the possibility of production stoppage-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On November 9, London nickel closed at $17,813, down $281, or 1.55%; Shanghai nickel 2312 latest price 141710 yuan, down 160 yuan, down 0.11%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 8800 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 217500 yuan/ton.
2, stainless steel SS2312 latest price 14,550 yuan, up 45 yuan, an increase of 0.31%; The open position was 71,488 lots and the turnover was 39,814 lots.
3, Wenzhou scrap stainless steel market quote:
Wenzhou waste stainless steel market quote: 201 non-film material 5800,304 industrial material 10000,316 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: 15800 yuan/ton of 304/NO.1; 16,800 yuan/ton of 321/ NO.1; 26,500 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 30300 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 14100 yuan/ton, 14mm 14300 yuan/ton; 14800 yuan/ton for 16mm;
S31603 material 4-12mm 24800 yuan/ton, 14mm 25200 yuan/ton; 25,700 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 rolling 26100 yuan/ton.
4, Qingshan hot rolling: 304 material 14,000 yuan/ton;
5, Zhangpu guide price: 304 material 14,900 yuan/ton, 321 hot rolled 17,900 yuan/ton; 316L hot rolling 25,700 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 14200 yuan/ton, 316L material 24300 yuan/ton, TP321 material 17100 yuan/ton, 321 material 15900 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 14000 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 26500 yuan/ton; 2205 material continuous casting billet 26000 yuan/ton of 170-250;
2), TP316L continuous casting billet - 150-250:24700 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 -- 20.5 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 33.3 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 November 9, 2023, the national mainstream market stainless steel social inventory of 1,037,100 tons, down 15,429 tons from last week, a decrease of 1.47%, of which:
The total inventory of cold-rolled stainless steel is 566669 tons, 16,694 tons less than last week, a decrease of 2.86%;
The total inventory of hot-rolled stainless steel is 470,431 tons, an increase of 1265 tons, an increase of 0.27%;
The total inventory of 200 series is 178,709 tons, 7,919 tons less than last week, a decrease of 4.24%;
The total inventory of 300 series is 667,167 tons, 3842 tons less than last week, a decrease of 0.57%;
The total inventory of 400 series is 191,224 tons, 3668 tons less than last week, a decrease of 1.88%.
Wuxi inventory 597,149 tons, an increase of 9669 tons over the previous week, an increase of 1.65%
Foshan inventory 305,248 tons, 23021 tons less than last week, a decrease of 7.01%.
Stocks in Zibo, Jieyang, Shenyang and Xi an are 137,703 tons, down 2,077 tons from last week, a decrease of 1.52%.
5. Market analysis
1. Ferric molybdenum: The price is flat
2. Ferrochrome:
Recently, the factory has carried out more futures purchases. Some pre-planned production enterprises choose to postpone production under the weak market, and it is expected that the ferrochrome market will be weak and stable in the near future.
3 Nickel iron:
Unilateral: nickel price increase to break down. A number of institutions have given the forecast that the surplus of primary nickel will continue to exceed 200,000 tons next year, and the medium and long term nickel price is still in the short trend. Nickel sulfate prices by the reduction of demand for three, the recent price accelerated decline, as long as nickel sulfate prices do not stop falling, the price of pure nickel is difficult to find the bottom. Even though the continuous reduction of LME inventory has brought support to Lun Nickel, the decline of Lun nickel in the early stage is relatively fast, the valuation of Shanghai nickel is relatively high, and the recent appreciation of RMB has put pressure on Shanghai Nickel, and with the continuous accumulation of raw material MHP, nickel price cost support has moved down.
4, stainless steel:
The recent price reduction of raw materials continues to drive down the cost of stainless steel, and the steel mill gradually becomes profitable after repairing the steel price, and the actual realization of the production reduction in November is tested after profitability. Steel mill losses under the possibility of production suspension, but it is expected that Indonesia nickel iron reflux caused more supply pressure. As a whole, it is possible to maintain shock to consume inventory based on shipments.

Zhejiang Benji Stainless Steel Co., Ltd.,