The tight mining end has raised the cost of stainless steel, and Qingshan has raised the cost of 304 rods by 400 yuan/ton-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:

1. Nickel: On February 26th, the closing price of nickel in London was $17169, a decrease of $326, or 1.86%; The latest price of Shanghai nickel 2405 is 132540 yuan, down 2230 yuan, a decrease of 1.65%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) costs 8800 yuan/50 base tons. The price of Luoyang molybdenum iron FeMo60 is 222000 yuan/ton.

2. The latest price of stainless steel SS2405 is 14025 yuan, up 50 yuan, or 0.36%; The holding amount is 137912 lots, and the trading volume is 96484 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 18500 yuan/ton, while 316 first grade white materials (small punching plate, laser plate, edge wire, round steel) cost 18600-19000 yuan/ton.

3) 2205 whiteboard, thick tube, and round steel are priced at 18000 yuan/ton, 2507 whiteboard, thick tube, and round steel are priced at 21000 yuan/ton, and 2520 whiteboard, thick tube, and round steel are priced at.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guide Price:

300 hot-rolled series: 15500 yuan/ton for 304/NO.1; 16100 yuan/ton for 321/NO.1; 25900 yuan/ton for 316L/NO.1.

Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16600 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 costs 24300 yuan/ton for 4-12mm and 24700 yuan/ton for 14mm; 25200 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: 13900 yuan/ton for 304 material, 16400 yuan/ton for 321 hot-rolled; 316L hot-rolled at 24600 yuan/ton.

3、 Reference price for stainless steel pipes and rods

1. The March price of Qingshan round steel is ? 65-130. S30400 material costs 13700 yuan/ton, 316L material is used for sealing, TP321 material costs 16600 yuan/ton, and 321 material costs 15400 yuan/ton.

2. Delong round steel ? 65-130 S30400 material costs 13200 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 -26.8 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -39.3 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -30.9 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 -32.7 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:

As of February 23, the total amount of domestic stainless steel drifting in the sea was 11045 tons, with a total of 3 ships, a decrease of 36434 tons compared to the previous period, and 5950 tons were sent from Fujian ports,

5095 tons from Jiangsu port. From February 19th to February 23rd, the total amount of stainless steel unloaded at the port for domestic trade was 43407 tons, an increase of 4507 tons compared to the previous period; Foshan has 22457 tons, an increase of 2957 tons compared to the previous period; Wuxi 20950 tons, an increase of 1550 tons compared to the previous period; 43407 tons from Fujian port and 0 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

Recently, the price of stainless steel plates has significantly increased with nickel prices, and the profits of stainless steel and nickel iron factories have slightly improved. The profits of stainless steel factories that outsource nickel iron are still acceptable.

Market news shows that as of February 26, 2024, Indonesia has approved a mining quota of 145 million tons of nickel ore (total amount for a three-year period). RKAB approval is still slow, but the market expects an improvement in mid March. The short-term shortage of raw materials and the rise in nickel sulfate prices after the holiday have driven up the cost support for pure nickel, and Indonesias policies will continue to be monitored in the future.

The current macro expectations are improving, coupled with the tightening of the mining end and the increase in stainless steel costs, Qingshan has raised the price of 304 and 321 stainless steel bars by 400 yuan/ton today, with 316L sealed off.

Zhejiang Benji Stainless Steel Co., Ltd.,