Qingtuo Steels upward trend is bullish and heating up, while molybdenum and iron continue to rise, driving traders to receive goods at high prices-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On February 22nd, the closing price of nickel in London was $17392, up $462, a significant increase of 2.73%; The latest price of Shanghai nickel 2405 is 134410 yuan, a significant increase of 4090 yuan, or 3.14%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) costs 8800 yuan/50 base tons. The price of Luoyang molybdenum iron FeMo60 is 222000 yuan/ton, an increase of 1000 yuan.

2. The latest price of stainless steel SS2405 is 13940 yuan, up 115 yuan, or 0.83%; The holding amount is 140024 lots, and the trading volume is 71809 lots.

3. Purchase price of waste stainless steel at Fujian Qingtuo Recycling Yongchang Freight Yard:

1) 304 first grade (small punch plate, laser material, round steel, edge wire thick plate) materials are priced at 10300-10500 yuan/ton, 304 new pipe head and corner materials are priced at 10300 yuan/ton, and 304 oil punch large particles are priced at 9700 yuan/ton.

2) 316L new pipe heads and corner materials cost 18400 yuan/ton, while 316 first grade white materials (small punching plate, laser plate, edge wire, round steel) cost 18500-19000 yuan/ton.

3) 2205 whiteboard, thick tube, and round steel cost 18000 yuan/ton, 2507 whiteboard, thick tube, and round steel cost 18000 yuan/ton, 20500 yuan/ton, and 2520 whiteboard, thick tube, and round steel cost inspection.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guide Price:

300 hot-rolled series: 15300 yuan/ton for 304/NO.1; 16100 yuan/ton for 321/NO.1; 25800 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: 13600 yuan/ton for 4-12mm, 13800 yuan/ton for 14mm; 14300 yuan/ton for 16mm;

S31603 material: 24100 yuan/ton for 4-12mm, 24500 yuan/ton for 14mm; 25000 yuan/ton for 16mm;

310S hot-rolled flat plate 3, 4mm 34700 yuan/ton, 5-10mm 33900 yuan/ton, 12mm 34200 yuan/ton, 14mm 35200 yuan/ton.

2205 hot-rolled 25300 yuan/ton

3. Dingxin 310S material costs 33800 yuan/ton for 3mm, 33900 yuan/ton for 4mm, and 33700 yuan/ton for 5-10mm.

4. Qingshan hot rolling: 304 material 13500 yuan/ton;

5. Zhangpu guide price: 13700 yuan/ton for 304 material, 16400 yuan/ton for 321 hot-rolled; 316L hot-rolled at 24400 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 13300 yuan/ton, 316L material costs 22900 yuan/ton, TP321 material costs 16200 yuan/ton, and 321 material costs 15000 yuan/ton.

2. Delong round steel ? 65-130 S30400 material costs 13100 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 -26.3 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -38.3 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -30.4 yuan/kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -20 yuan/kg;

Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed and weighed for delivery -32.5 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:

On February 22, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1164075 tons, a decrease of 3650 tons or 0.31% from last week. Among them:

The total inventory of cold-rolled stainless steel is 700033 tons, a decrease of 4152 tons or 0.59% compared to last week;

The total inventory of hot-rolled stainless steel is 464042 tons, an increase of 502 tons or 0.11% compared to last week;

The total inventory of the 200 series is 206749 tons, an increase of 78 tons or 0.04% compared to the previous week;

The total inventory of the 300 series is 744616 tons, an increase of 1707 tons or 0.23% compared to last week;

The total inventory of the 400 series is 212710 tons, a decrease of 5435 tons or 0.31% compared to last week.

Wuxis inventory is 663372 tons, a decrease of 6889 tons or 1.03% compared to last week

Foshans inventory is 372979 tons, an increase of 9627 tons or 2.65% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have 127724 tons of inventory, a decrease of 6388 tons or 4.76% compared to last week.

5、 Market analysis

In terms of ferrochrome, the hidden upward trend in raw material mining has brought some confidence in price increases to factories, and cost support prices remain strong. Some factories are becoming increasingly bullish due to increased costs in the future market. Southern enterprises that stopped production for maintenance before the holiday have recently resumed production, and it is expected that the ferrochrome market will operate steadily in the near future.

Affected by the upward adjustment of Qingtuo Steel, bullish sentiment continues to rise, with mainstream prices in some regions increasing by 100-300 yuan/ton within the day; In terms of 316, the continued upward trend of ferromolybdenum has driven traders in various regions to receive goods at high prices.

Zhejiang Benji Stainless Steel Co., Ltd.,