Stainless steel production rebounded in March, and market transactions are unlikely to break through in the short term-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On April 2nd, the closing price of nickel in London was $17239, up $75, or 0.44%; The latest price of Shanghai nickel 2405 is 133540 yuan, up 1140 yuan, or 0.88%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) is priced at 8950 yuan/50 base tons. The price of Luoyang molybdenum iron FeMo60 is 220000 yuan/ton.
2. The latest price of stainless steel SS2405 is 13375 yuan, a decrease of 65 yuan, or 0.48%; The holding amount is 120426 lots, and the trading volume is 89145 lots.
3. Purchase price of waste stainless steel at Fujian Qingtuo Binhai 16th Road Freight Yard:
1) 304 special grade material costs 9800 yuan/ton, 304 cleaning material costs 9700 yuan/ton, 304 industrial material with film costs 9400 yuan/ton, 304 secondary material costs 8900-9100 yuan/ton, and 304 dry particle costs 8600-8800 yuan/ton.
2) 316 industrial materials cost 17200 yuan/ton, 316 new materials cost 17400 yuan/ton, and 316 dry shavings cost 15500-15700 yuan/ton.
3) 2205 steel planer costs 15300 yuan/ton, 2205 corner material costs 15800 yuan/ton, and 2520 furnace material costs 20500-21000 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; 24700 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16700 yuan/ton, 321 material: 21200 yuan/ton, 316L material: 28400 yuan/ton.
2. Dongte Hot Rolling Guide Price:
S30408 material costs 13100 yuan/ton for 4-12mm and 13300 yuan/ton for 14mm; 13500 yuan/ton for 16mm;
S31603 material costs 23300 yuan/ton for 4-12mm and 23600 yuan/ton for 14mm; 23800 yuan/ton for 16mm;
310S hot-rolled flat plates are priced at 35100 yuan/ton for 4mm, 34300 yuan/ton for 5-10mm, 34600 yuan/ton for 12mm, and 35600 yuan/ton for 14mm.
2205 hot-rolled 25100 yuan/ton
3. Dingxin 310S material costs 34200 yuan/ton for 3mm, 34300 yuan/ton for 4mm, and 34100 yuan/ton for 5-10mm.
4. Qingshan hot rolling: 304 material 12800 yuan/ton;
5. Zhangpu Guiding Price: 13200 yuan/ton for 304 material, 16300 yuan/ton for 321 hot-rolled; 316L hot-rolled at 23500 yuan/ton.
3、 Reference price for stainless steel pipes and rods
1. The April price of Qingshan round steel is ? 65-130. S30400 material costs 12800 yuan/ton, 316L material costs 22500 yuan/ton, TP321 material costs 15700 yuan/ton, and 321 material costs 14500 yuan/ton.
2. Zhejiang Friendship New Materials: The April price of S30400 material is 12800 yuan/ton for ? 160-260 and 12900 yuan/ton for ? 300-360. 316L material costs 22600 yuan/ton for ? 160-260, and 22700 yuan/ton for ? 300-360. 2205 material ? 160-260 costs 23800 yuan/ton.
3. Yongxing Bar Material ? 65-130: 304 material costs 16500 yuan/ton, TP321 material costs 19000 yuan/ton, 316L material costs 28000 yuan/ton, 316LGB material costs 31000 yuan/ton, S22053 material costs 29500 yuan/ton.
4. [Fukai Market Price]:
1) 2205 (F60) material ? 150-300 round steel 24000 yuan/ton; 2205 (F60) material ? 65-130 round steel 24700 yuan/ton;
2) 34300 yuan/ton for 310S material ? 65-130; 310S material ? 150-300, priced at 34000 yuan/ton.
3) S32750 (F53) material ? 150-300 round steel 31400 yuan/ton; S32750 (F53) material ? 65-130 round steel 34300 yuan/ton.
4) 316L ? 65-130 round steel at 25500 yuan/ton; 316Ti ? 65-130 round steel at 28600 yuan/ton; National standard 316L ? 65-130 round steel 31200 yuan/ton; German standard 316 material ? 65-130 round steel 28100 yuan/ton;
5) 18200 yuan/ton for 321H material ? 65-130; 21500 yuan/ton for 347H material ? 65-130;
6) NO8810 electroslag ingot ? 360-900: 68300 yuan/ton; NO8825 electroslag ingot ? 360-900: 100000 yuan/ton;
7) 630 material (17-4) electroslag ingot ? 150-300 round steel 15500 yuan/ton; 630 material (17-4) electroslag ingot ? 65-130 round steel, 16300 yuan/ton;
8) NO6625 material ? 65-130 round steel 20000 yuan/ton. 6600 vacuum electroslag ingot ? 360-900: 160000 yuan/ton;
9) C-276 vacuum electroslag ingot ? 360-900: 237000 yuan/ton; S31254 material ? 65-130 round steel 62200 yuan/ton.
10) 904L material ? 65-130 round steel costs 64000 yuan/ton.
11) NO8926/1.4529 material ? 65-130 round steel 79000 yuan/ton; NO8825 material ? 65-130 round steel 103000 yuan/ton; NO8810 material ? 65-130 round steel 71500 yuan/ton.
12) NO7718 material ? 65-130 round steel 172000 yuan/ton. N10276 material ? 65-130 round steel 233000 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: 15000 yuan/ton for ? 140-250, 16300 yuan/ton for ? 260-400; 316L material costs 25800 yuan/ton for ? 140-250, and 26000 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 -25.8 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -37.9 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -29.9 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -19.5 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed and weighed for delivery -31.8 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 March 28, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1178693 tons, a decrease of 23070 tons or 1.92% from last week. Among them:
The total inventory of cold-rolled stainless steel is 700633 tons, a decrease of 28294 tons or 3.88% compared to last week;
The total inventory of hot-rolled stainless steel is 478060 tons, an increase of 5224 tons from last week, a decrease of 1.10%;
The total inventory of the 200 series is 212883 tons, an increase of 6975 tons or 3.35% compared to the previous week;
The total inventory of the 300 series is 758031 tons, a decrease of 10882 tons or 1.42% compared to last week;
The total inventory of the 400 series is 207779 tons, a decrease of 19163 tons or 8.44% compared to last week.
Wuxis inventory is 678458 tons, an increase of 8537 tons or 1.27% compared to last week;
Foshans inventory is 361993 tons, a decrease of 24354 tons from last week, a decrease of 6.30%;
Zibo, Jieyang, Shenyang, and Xian have 138242 tons of inventory, a decrease of 7253 tons or 4.99% compared to last week.
5、 Market analysis
At present, the primary nickel is in a comprehensive surplus state, and there is a long-term accumulation process in the refined nickel warehouse. Currently, the domestic refined nickel inventory has accumulated to a high level in nearly two years. With the acceleration of Indonesias RKAB approval, MHP supply is expected to recover, and price resilience is weakened, dragging down the cost of nickel electroplating. However, currently driven by new energy, MHP is still in a tight state. Before the expected supply is realized, there may not be much room below the price, and nickel prices are expected to fluctuate.
After the Spring Festival, stainless steel production gradually resumed, and production significantly increased in March. At present, the trading in the stainless steel market is sluggish, and downstream merchants often reserve small quantities according to their basic needs. The release of terminal demand is slow, and market transactions are difficult to break through in the short term. Gold three has no gold, and silver four may also find it difficult to reveal silver.

Zhejiang Benji Stainless Steel Co., Ltd.,