The price of high nickel iron falls below the thousand yuan mark, and if the steel mill loses money again, it may cut production again-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On November 20, London nickel closed at $16,752, up $152, or 0.90%; Shanghai nickel 2401 latest price 134460 yuan, down 660 yuan, down 0.49%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 8800 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 196,500 yuan/ton.
2, stainless steel SS2401 latest price 13,875 yuan, down 10 yuan, down 0.07%; The open position was 154,300 lots and the turnover was 105,008 lots.
3, Qingtuo Wenzhou Binhai Sixteen Road freight yard waste stainless steel purchase price:
1), 304 special grade material 9900 yuan/ton, 304 clean material 9800 yuan/ton, 304 industrial material/film material 9500 yuan/ton, 304 secondary material 9200 yuan/ton, 304 dry shavings 8800-9000 yuan/ton.
2), 316L industrial material 16600 yuan/ton, 316 new material 16800 yuan/ton, 316 shavings 14700-14900 yuan/ton.
3), 2205 steel planer 14200 yuan/ton, 2205 Angle material 14500 yuan/ton, 2520 charge 22000-23000 yuan/ton.
Second, Wuxi stainless steel coil reference price
1, TISCO hot rolling guide price:
300 hot rolling series: 15100 yuan/ton of 304/NO.1; 16,400 yuan/ton of 321/ NO.1; 24,600 yuan/ton of 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 16800 yuan/ton, 321 material 21500 yuan/ton, 316L material 29400 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 13300 yuan/ton, 14mm 13500 yuan/ton; 14000 yuan/ton of 16mm;
S31603 material 4-12mm 23300 yuan/ton, 14mm 23700 yuan/ton; 24,200 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm of 35,000 yuan/ton, 5-12mm of 34100 yuan/ton, 14mm of 35200 yuan/ton.
3, Dongte 2205 hot rolling 25200 yuan/ton, Dingxin 310S3mm 34100 yuan/ton, 5-10mm 344000 yuan/ton.
4, Qingshan hot rolling: 304 material 13200 yuan/ton;
5, Zhangpu guide price: 304 material 14,200 yuan/ton, 321 hot rolled 17,200 yuan/ton; 316L hot rolling 24,300 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 October price] S30400 material 13200 yuan/ton, 316L material 22900 yuan/ton, TP321 material 16100 yuan/ton, 321 material 14900 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 13600 yuan/ton, 316L material yuan/ton seal.
3, [Yongxing bar ￠65-130] 304 material 16,300 yuan/ton, TP321 material 18,900 yuan/ton, 316L material 27500 yuan/ton, 316LGB material 30700 yuan/ton, S22053 material 29000 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 16400 yuan/ton of 140-250, 16600 yuan/ton of 260-400; 316L material - 25600 yuan/ton of 140-250, 25800 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 - 26.3 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 38.3 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 30.3 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 19.7 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 31.7 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery -- 26.6 yuan /kg.
Iv. Statistical Data:
According to Mysteel:
On November 16, 2023, the national mainstream market stainless steel social inventory of 1,014,932 tons, down 22,168 tons from last week, a decrease of 2.14%, of which:
Cold-rolled stainless steel inventory 541,938 tons, 24,731 tons less than last week, a decrease of 4.36%;
The total inventory of hot-rolled stainless steel is 472,994 tons, an increase of 2563 tons over the previous week, an increase of 0.54%;
The total inventory of 200 series is 176,482 tons, 2227 tons less than last week, a decrease of 1.25%;
The total inventory of 300 series is 647,170 tons, down 19,997 tons from last week, a decrease of 3.00%;
The total inventory of 400 series is 191,280 tons, an increase of 56 tons over the previous week, an increase of 0.03%.
Wuxi inventory of 590,465 tons, 6,684 tons less than last week, a decrease of 1.12%
Foshans inventory is 294,060 tons, down 11,188 tons from last week, a decrease of 3.67%.
Stocks in Zibo, Jieyang, Shenyang and Xi an were 130,407 tons, down 4,296 tons from last week, a decrease of 3.19%.
5. Market analysis
1, ferro molybdenum: the mainstream price of ferro molybdenum is 19.3-200,000 yuan/ton.
2. Ferrochrome:
On November 14, the factory price of high carbon ferrochrome in Inner Mongolia was 8,500 yuan /50 base tons; C25 natural block factory price including tax 143-14700 yuan /60 base tons; C6 natural block factory price including tax 1.48-15,400 yuan /60 base tons.
3 Nickel iron:
High nickel iron market domestic market price in 985-995 yuan/nickel point (including tax to the factory). 19, a steel plant in South China Indonesia high nickel iron purchase transaction price of 985 yuan/nickel (including tax to the factory), thousands of tons of transactions. Ferro nickel market pessimism spread, ferro nickel bargaining support is weak, ferro nickel price pressure operation. On the supply side, some domestic iron mills continue to cost upside down and have a strong price mentality. Iron works reduce the load of production, to the long-term order based. Under the poor market conditions, traders can operate more space; Indonesia ferro nickel profit is still there, need to be vigilant about Indonesia ferro nickel reflux impact risk.
4, stainless steel:
The social inventory of stainless steel continues to decline, mainly related to the production reduction of steel mills. The volume of warehouse receipts continued to decline, and the transaction of delivery resources was good. In the middle of the year, the spot transaction did not improve, and still maintained the just-needed procurement rhythm. Upstream nickel-iron fell to the thousand yuan mark, stainless steel cost support weakened.
From the fundamental point of view, there is no more profit expected, the large probability of maintaining the shock trend, the profit brought by the cost decline in the early stage is compressed, but there is still profit, if the steel mill loses again, it may cut production again, but the price after repair will bring supply pressure. The effect of steel mill production reduction in the early stage has shown that social inventory continues to decline but is still at a high level in the same period of previous years. Short-term market game sentiment is strong, the overall look at the fundamental improvement before the upper space is limited, cautious to meet the high short short ideas.

Zhejiang Benji Stainless Steel Co., Ltd.,