At the end of the year, steel plant maintenance increased, leading to a 12.48% decrease in inventory of mainstream stainless steel plants-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On January 9th, the closing price of nickel in London was $16287, down $16, or 0.1%; The latest price of Shanghai nickel 2402 is 124960 yuan, down 150 yuan, or 0.12%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) costs 8800 yuan/50 base tons. Luoyang molybdenum iron FeMo60s 221000 yuan/ton increased by 2000 yuan.

2. The latest price of stainless steel SS2403 is 13700 yuan, up 75 yuan, or 0.55%; The holding amount is 73080 lots, and the trading volume is 21109 lots.

3. Purchase price of waste stainless steel at Yongchang freight yard:

1) 304 new pipe head corner materials cost 10100 yuan/ton, 304 industrial materials with film cost 9600 yuan/ton, and 304 shavings cost 8900-9000 yuan/ton.

2) 316L particle drying truck anhydrous oil costs 16100 yuan/ton, 316 new pipe head corner material costs 18100 yuan/ton, 316 first grade white material small punching board, laser board, edge wire, and round steel costs 18200-18500 yuan/ton.

3) 2205 whiteboard, thick tube, round steel costs 17600 yuan/ton, and 2205 wood particle dry truck anhydrous oil costs 15000 yuan/ton.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guide Price:

300 hot-rolled series: 15000 yuan/ton for 304/NO.1; 16000 yuan/ton for 321/NO.1; 26000 yuan/ton for 316L/NO.1.

Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16500 yuan/ton, 321 material: 21200 yuan/ton, 316L material: 28600 yuan/ton.

2. Dongte Hot Rolling Guide Price:

S30408 material costs 13200 yuan/ton for 4-12mm and 13400 yuan/ton for 14mm; 13900 yuan/ton for 16mm;

S31603 material costs 24600 yuan/ton for 4-12mm and 25000 yuan/ton for 14mm; 25500 yuan/ton for 16mm;

310S hot-rolled flat plate 3, 4mm 34600 yuan/ton, 5-10mm 33800 yuan/ton, 12mm 34100 yuan/ton, 14mm 35100 yuan/ton.

3. Dongte 2205 hot-rolled at 25100 yuan/ton, Dingxin 310S material 3mm at 34000 yuan/ton, 4mm at 34100 yuan/ton, 5-10mm at 33900 yuan/ton.

4. Qingshan hot rolling: 304 material 13100 yuan/ton;

5. Zhangpu guide price: 13500 yuan/ton for 304 material, 16400 yuan/ton for 321 hot-rolled; 316L hot-rolled at 24700 yuan/ton.

3、 Reference price for stainless steel pipes and rods

1. The monthly price of Qingshan round steel is ? 65-130. S30400 material costs 13100 yuan/ton, 316L material costs 22800 yuan/ton for sealing, TP321 material costs 16000 yuan/ton, and 321 material costs 14800 yuan/ton.

2. [Delong round steel ? 65-130] S30400 material costs 13000 yuan/ton, 316L material costs yuan/ton for sealing.

3. Yongxing Bar Material ? 65-130: 304 material costs 16300 yuan/ton, TP321 material costs 18900 yuan/ton, 316L material costs 27500 yuan/ton, 316LGB material costs 30700 yuan/ton, S22053 material costs 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: 64000 yuan/ton;

4) NO8825 electroslag ingot ? 360-900: 97000 yuan/ton; 5) 17-4 electroslag ingots ? 360-900: 20000 yuan/ton;

6) 625 vacuum electroslag ingots ? 360-900: 20000 yuan/ton; 7) 6600 vacuum electroslag ingots ? 360-900: 150000 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 costs 27000 yuan/ton, 2507 material/F53 material costs 36000 yuan/ton, 630/17-4PH material costs 17000 yuan/ton.

11) Wuxi Puheng Forged Round 304L Material: 15100 yuan/ton for ? 140-250, 15300 yuan/ton for ? 260-400; 316L material costs 25000 yuan/ton for ? 140-250, and 25200 yuan/ton for ? 260-400.

5. [Zhejiang Benji Pipe Reference Price]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -26.1 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -38.1 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -30.1 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -19.6 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed and weighed for delivery -33 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, acid washed and weighed for delivery -25.8 yuan/kg.

4、 Statistical data:

According to Mysteel research:

1. [Stainless steel factory inventory]

In December 2023, the inventory of 15 mainstream stainless steel factories in China was 975100 tons, a decrease of 12.48% month on month and a year-on-year increase of 6.16%. Among them, the 200 series produced 299000 tons, a decrease of 16.01% month on month and 17.22% year-on-year; 300 series of 500300 tons, a month on month decrease of 8.45% and a year-on-year increase of 36.03%; The 400 series produced 175800 tons, a decrease of 16.96% month on month and 7.23% year-on-year. In December, both stainless steel production and factory inventory showed a decrease.

2. [Domestic trade stainless steel drift in the sea]

As of January 5th, the total amount of domestic stainless steel drifting in the sea was 57000 tons, with a total of 14 ships, a decrease of 7517 tons compared to the previous period. It was sent from 42000 tons in Fujian port and 15000 tons in Jiangsu port.

3. [Domestic stainless steel unloading to port volume]

From December 29th to January 5th, the total amount of stainless steel unloaded at the port for domestic trade was 93187 tons, an increase of 23978 tons compared to the previous period; Foshan has 52277 tons, an increase of 21817 tons compared to the previous period; Wuxi 40910 tons, an increase of 2161 tons compared to the previous period; 74370 tons from Fujian port and 18817 tons from Jiangsu port. (Jiangsu Steel Factory often uses small boats or cars for shipping to Wuxi, which is not within the monitoring range)

5、 Market analysis

As the Chinese New Year approaches, the market gradually enters the "off-season", with temperatures in the north decreasing and project construction progress also affected. Traders have lower willingness to store in winter, and demand for stainless steel has weakened.

Due to the increase in steel plant maintenance at the end of the year, the bidding pricing of mainstream steel plants has been delayed, which may lead to an increase in low-priced sources of goods, and this situation may cause fluctuations in steel prices in the market. However, downstream demand is gradually entering the off-season, and there is an expectation of accumulation in the future market. The market lacks confidence, and spot transactions are in a slump. It is expected that the short-term stainless steel market will experience narrow fluctuations.

Zhejiang Benji Stainless Steel Co., Ltd.,