In 2023, the mining output of nickel ore in the Philippines will increase significantly, and the opening price of Qingshan 316L stainless steel bar will rise by 700 yuan-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On April 12th, the closing price of nickel in London was $17797, down $14, or up 0.08%; The latest price of Shanghai nickel 2405 is 138850 yuan, up 1460 yuan, or 1.06%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) is priced at 8850 yuan/50 base tons. The price of Luoyang molybdenum iron FeMo60 was 216000 yuan/ton, a decrease of 6000 yuan.
2. The latest price of stainless steel SS2405 is 13915 yuan, up 175 yuan, or 1.27%; The holding amount is 57397 lots, and the trading volume is 165323 lots.
3. Purchase price of waste stainless steel at Fujian Qingtuo Yongchang Freight Yard:
1) 304 first grade white material (small punch plate, laser material, round steel, edge wire) costs 10100 to 10200 yuan/ton, and 304 new pipe head edge material costs 10100 yuan/ton.
2) 316 new pipe head corner material costs 17500 yuan/ton, and 316 first grade white material (small punching plate, laser material, round steel, edge wire) costs 17600-17700 yuan/ton.
3) 2205 whiteboard, thick tube, and round steel are priced at 17600 yuan/ton, 2507 whiteboard, thick tube, and round steel are priced at 22200 yuan/ton, and 2520 whiteboard, tube plate, and round steel are to be received.
2、 Wuxi stainless steel plate coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot-rolled series: 15200 yuan/ton for 304/NO.1; 16100 yuan/ton for 321/NO.1; 24800 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 13500 yuan/ton for 4-12mm and 13700 yuan/ton for 14mm; 13900 yuan/ton for 16mm;
S31603 material: 23500 yuan/ton for 4-12mm, 23800 yuan/ton for 14mm; 24000 yuan/ton for 16mm;
310S hot-rolled flat plate 3, 4mm 34800 yuan/ton, 5-10mm 34000 yuan/ton, 12mm 34300 yuan/ton, 14mm 35300 yuan/ton.
2205 hot-rolled 24900 yuan/ton
3. Qingshan hot rolling: 304 material 13300 yuan/ton; Dingxin 310S material costs 33900 yuan/ton for 3mm, 34000 yuan/ton for 4mm, and 33800 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13600 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 13300 yuan/ton, 316L material costs 23200 yuan/ton, TP321 material costs 16100 yuan/ton, and 321 material costs 14900 yuan/ton.
2. Zhejiang Friendship New Materials: The April price of S30400 material is 13000 yuan/ton for ? 160-260, and 13100 yuan/ton for ? 300-360. The 316L material costs 22900 yuan/ton for ? 160-260, and 23000 yuan/ton for ? 300-360. 24000 yuan/ton for 2205 material ? 160-260.
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 24800 yuan/ton; ? 65-130 round steel, 24800 yuan/ton;
2) 35800 yuan/ton for 310S material ? 65-130; 35800 yuan/ton for ? 150-300. 29000 yuan/ton for 309S material ? 65-130;
3) S32750 (F53) material ? 150-300 round steel 35500 yuan/ton; ? 65-130 round steel 35500 yuan/ton. S32760 (F55) material ? 65-130 round steel 40500 yuan/ton.
4) 316L ? 65-130 round steel 25400 yuan/ton; 316Ti ? 65-130 round steel, priced at 28700 yuan/ton; National standard 316L ? 65-130 round steel 32200 yuan/ton; German standard 316 material ? 65-130 round steel 28700 yuan/ton; 317L ? 65-130 round steel, priced at 34600 yuan/ton;
5) 18700 yuan/ton for 321H material ? 65-130; 21500 yuan/ton for 347H material ? 65-130;
6) NO8810 ? 200-250 round steel 70300 yuan/ton; ? 65-130 round steel, 71500 yuan/ton.
7) NO7718 ? 200-250 round steel costs 173000 yuan/ton; ? 65-130 round steel, 177000 yuan/ton;
8) NO8028 ? 200-250 round steel costs 92500 yuan/ton, ? 65-130 round steel costs 96000 yuan/ton;
9) 630 material (17-4) ? 150-300 round steel 16600 yuan/ton, ? 65-130 round steel 16600 yuan/ton;
10) 202000 yuan/ton for NO6625 material ? 200-250; ? 65-130 round steel, 206000 yuan/ton;
11) 133000 yuan/ton for NO6601 material ? 200-250; 136000 yuan/ton for ? 65-130.
12) 147000 yuan/ton for NO6600 material ? 200-250; 149000 yuan/ton for ? 65-130.
13) 228000 yuan/ton for NO10276 ? 200-250; ? 65-130 round steel 233000 yuan/ton;
14) XM-19 ? 65-130 round steel at 38000 yuan/ton;
15) S31254 material ? 65-130 round steel 63500 yuan/ton.
16) 904L material ? 65-130 round steel, priced at 65000 yuan/ton.
17) NO8926/1.4529 material ? 65-130 round steel 75000 yuan/ton, ? 200-250 round steel 77500 yuan/ton;
18) NO8825 material ? 65-130 round steel costs 102000 yuan/ton, ? 200-250 round steel costs 99000 yuan/ton; 13) NO7718 material ? 65-130 round steel 172000 yuan/ton. N10276 material ? 65-130 round steel 233000 yuan/ton.
19) 167000 yuan/ton for NO3030 material ? 200-250; ? 65-130 yuan/ton for round steel.
155000 yuan/ton for NO4400 material ? 200-250;
20) 155000 yuan/ton for NO4400 material ? 200-250; ? 65-130 round steel costs 158000 yuan/ton.
20) 1.4460 material ? 65-130 round steel costs 26800 yuan/ton.
21) 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 -26.1 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -38.2 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 -19.9 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed and weighed for delivery -31.9 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 April 11, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1184125 tons, an increase of 6451 tons or 0.55% compared to the previous week. Among them:
The total inventory of cold-rolled stainless steel is 717704 tons, an increase of 18896 tons or 2.70% compared to last week;
The total inventory of hot-rolled stainless steel is 466421 tons, a decrease of 12445 tons or 2.60% compared to last week;
The total inventory of the 200 series is 208622 tons, a decrease of 4796 tons or 2.25% compared to last week;
The total inventory of the 300 series is 756980 tons, an increase of 5836 tons or 0.78% compared to last week;
The total inventory of the 400 series is 218523 tons, an increase of 5411 tons or 2.54% compared to last week.
Wuxis inventory is 688698 tons, an increase of 26586 tons or 4.02% compared to last week;
Foshans inventory is 356642 tons, a decrease of 14689 tons or 3.96% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have 138785 tons of inventory, a decrease of 5446 tons or 3.78% compared to last week.
5、 Market analysis
On March 29, 2024, at the request of Anchor Fluid Power (Anchor), the US Department of Commerce is initiating and releasing the preliminary results of the Change Review (CCR) of Anti Dumping and Countervailing Duties on Stainless Steel flanges in China and India, in order to partially revoke orders related to certain products.
The order scope covers certain forged stainless steel flanges, whether unfinished, semi-finished, or finished (some forged stainless steel flanges). Anchor specifically requested a modification to the scope of the order, which does not include stainless steel flanges produced according to SAE J518 (or its international equivalent specification ISO 6162).
This case involves products under the US Harmonized Tariff Numbers 7307.21.1000 and 7307.21.5000.
Today, Qingshan has raised the prices of stainless steel bars across the entire line, with 316L stainless steel bars being opened for sale. The price of 316L bars delivered in April has increased by a full 700 yuan/ton compared to April 8th.
6、 In 2023, the mining output of nickel ore in the Philippines will increase by 19.44% year on year
According to the statistics of MGB (the Mines and Geosciences Bureau) in the Philippines, in the first three quarters of 2023, the mining output of nickel ores in all major mining areas in the Philippines will be 35.14 million tons (dry tons), an increase of 5.72 million tons, or 19.44%, compared with 29.42 million tons (revised) of nickel ores in the same period of 2022.
Due to the fact that the Sulu and Tawi tawi regions in the Philippines belong to autonomous regions, nickel mines located in these regions are not included in this statistical scope. In addition, Hallmark Mining Corporation in Davao area has not counted the mining output.

Zhejiang Benji Stainless Steel Co., Ltd.,