Stainless steel raw materials sufficient production costs move down, driving prices down-Zhejiang Benji Stainless Steel Co., Ltd

1. Raw material report:
1. Nickel: On December 12, London nickel closed at $16,520, down $87, or 0.52%; Shanghai Nickel 2402 latest price 130,290 yuan, down 1030 yuan, down 0.78%; Shanghai high carbon ferrochrome FeCr55C1000(50 base) 8800 yuan /50 base ton. Luoyang ferro molybdenum FeMo60 203500 yuan/ton.
2, stainless steel SS2402 latest price 13485 yuan, up 45 yuan, an increase of 0.33%; The open position was 114,175 lots and the trading volume was 161,225 lots.
3, Qingtuo Wenzhou Haitong freight yard waste stainless steel purchase price:
1), 304 special grade material 9500 yuan/ton, 304 new material 9400 yuan/ton, 304 industrial material/film material 9100 yuan/ton, 304 dry shavings 8300-8500 yuan/ton.
2), 316L industrial material 16,500 yuan/ton, 316 new material 16,700 yuan/ton, 316 dry shavings 14,800-15,000 yuan/ton.
3), 2205 steel plane 14000 yuan/ton, 2205 Angle material 14500 yuan/ton.
Second, Wuxi stainless steel coil reference price
1, TISCO hot rolling guide price:
300 hot rolling series: 304/NO.1 of 14700 yuan/ton; 15800 yuan/ton of 321/ NO.1; 24,800 yuan/ton for 316L/NO.1.
Medium plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material - 16500 yuan/ton, 321 material 21,200 yuan/ton, 316L material 28800 yuan/ton.
2, Dongte hot rolling guide price:
S30408 material 4-12mm 12900 yuan/ton, 14mm 13100 yuan/ton; 13600 yuan/ton for 16mm;
S31603 material 4-12mm 23400 yuan/ton, 14mm 23800 yuan/ton; 24,300 yuan/ton for 16mm;
310S hot rolled plate 3, 4mm 34900 yuan/ton, 5-12mm 34100 yuan/ton, 14mm 35100 yuan/ton.
3, Dongte 2205 hot rolling 24600 yuan/ton, Dingxin 310S material 3mm 34,000 yuan/ton, 4-10mm 33900 yuan/ton.
4, Qingshan hot rolling: 304 material 12700 yuan/ton;
5, Zhangpu guide price: 304 material 13,600 yuan/ton, 321 hot rolled 17,000 yuan/ton; 316L hot rolled 24000 yuan/ton.
Third, stainless steel pipe rod reference price
1, [Qingshan round steel price ￠65-130 December price] S30400 material 12700 yuan/ton, 316L material 21800 yuan/ton, TP321 material 15600 yuan/ton, 321 material 14400 yuan/ton. 304 pipe round steel price +800,316L series pipe round steel price +100j.
0,321 series pipe round steel price +900.
2, 【 Delong round steel ￠65-130】S30400 material 12700 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 24700 yuan/ton; 2205 material continuous casting billet - 170-250 24200 yuan/ton;
2), TP316L continuous casting billet 150-250:23200 yuan/ton; 3), NO8810 electroslag ingot ￠360-900:64,000 yuan/ton;
4), NO8825 electroslag ingot ￠360-900:97000 yuan/ton; 5), 17-4 electroslag ingot ￠360-900:20000 yuan/ton;
6), 625 vacuum electroslag ingot ￠360-900:203000 yuan/ton; 7), 6600 vacuum electroslag ingot - 360-900:150,000 yuan/ton;
8), C-276 vacuum electroslag ingot ￠360-900:227000 yuan/ton; 9), 718 vacuum electroslag ingot ￠360-900:178000 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 15100 yuan/ton of 140-250, 15300 yuan/ton of 260-400; 316L material 24400 yuan/ton of 140-250, 24600 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 - 25.7 yuan /kg;
Stainless steel seamless pipe S31603 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 37.2 yuan /kg;
Stainless steel seamless pipe S32168 material, specifications 25*2*6000 cold drawn pipe pickling delivery - 29.7 yuan /kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling pound delivery -- 19.3 yuan /kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling pound delivery -- 31.8 yuan /kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling pound delivery -- 26.4 yuan /kg.
Iv. Statistical Data:
According to Mysteel:
1. In-factory inventory:
In November 2023, the inventory of 15 mainstream stainless steel factories in China was 1,114,200 tons, a decrease of 7.32% from the previous month and a year-on-year increase of 19.08%. Among them:
200 series 35600 tons, a decrease of 13.04% compared with last year, an increase of 0.14%; 300 series 546,500 tons, a decrease of 6.21% compared with the previous year, an increase of 34.01%; 400 was 21.17 million tons, an increase of 0.76% from the previous quarter and 22.80% from the previous year.
2. Sea drift in transit:
As of December 8, the total amount of domestic stainless steel floating in the sea totaled 15,700 tons, a total of 8 ships, a reduction of 28,500 tons from the previous period, 10,700 tons from Fujian port, 5,000 tons from Jiangsu port.
3, domestic stainless steel unloading quantity
From December 1 to December 8, the total amount of stainless steel discharged from domestic trade to port was 86,389 tons, an increase of 31,872 tons compared with the previous period; Foshan 27,410 tons, an increase of 7860 tons over the previous period; Wuxi 58,979 tons, an increase of 24,012 tons from the previous period; 76,389 tons from Fujian port, 10,000 tons from Jiangsu port. (Jiangsu steel factory shipments to Wuxi mostly use boats or motor transport, not within the scope of monitoring)
5. Market analysis
However, due to the recent decline in nickel prices, nickel industry profits contracted seriously, nickel prices compared to other links in the industry chain and even underestimated the phenomenon, nickel prices downward initiative is not enough, the current vulnerable to the impact of financial sentiment, short-term prices or weak shock operation. Nickel-iron imports have rebounded, Indonesias production has also rebounded, stainless steel raw materials supply is sufficient, production costs have moved down, driven stainless steel prices fell; End-use demand remains weak; Stainless steel inventory affected by steel production cuts or will go to storage, but the decline is expected to be limited in the case of weak terminal demand, and it will take a long time to digest. It is expected that the short-term price of stainless steel is weak and stable.

Zhejiang Benji Stainless Steel Co., Ltd.,