Mining prices suddenly skyrocketed, molybdenum iron, and Washington and London banned nickel imports from Russia-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On April 22nd, the closing price of nickel in London was $19006, a sharp drop of $733, a decrease of 3.71%; The latest price of Shanghai nickel 2406 is 141480 yuan, a decrease of 2490 yuan, a decrease of 1.73%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) is priced at 8850 yuan/50 base tons.
2. The latest price of stainless steel SS2409 is 14235 yuan, down 20 yuan, or 0.14%; The holding amount is 132988 lots, and the trading volume is 108382 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 10100-10200 yuan/ton, and 304 new pipe head edge material costs 10000 yuan/ton.
2) 316 new pipe head corner material costs 18300 yuan/ton, and 316 first grade white material (small punching plate, laser material, round steel, edge wire) costs 18400-18600 yuan/ton.
3) 2205 whiteboard, thick tube, and round steel are priced at 18200 yuan/ton, 2507 whiteboard, thick tube, and round steel are priced at 22600 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: 15700 yuan/ton for 304/NO.1; 16300 yuan/ton for 321/NO.1; 25700 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -17000 yuan/ton, 321 material -21200 yuan/ton, 316L material -28400 yuan/ton.
2. Dongte Hot Rolling Guide Price:
S30408 material costs 13900 yuan/ton for 4-12mm and 14100 yuan/ton for 14mm; 14300 yuan/ton for 16mm;
S31603 material: 24500 yuan/ton for 4-12mm, 24800 yuan/ton for 14mm; 25000 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 25200 yuan/ton
3. Qingshan hot rolling: 304 material 13500 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: 14100 yuan/ton for 304 material, 16500 yuan/ton for 321 hot-rolled; 316L hot-rolled 24500 yuan/ton.
3、 Reference price for stainless steel pipes and rods
1. The May price of Qingshan round steel is ? 65-130. S30400 material costs 13500 yuan/ton, 316L material costs 24000 yuan/ton, TP321 material costs 16300 yuan/ton, and 321 material costs 15100 yuan/ton.
2. The price of S30400 material in May is 13800 yuan/ton for ? 160-260, and 13900 yuan/ton for ? 300-360. 316L material costs 23600 yuan/ton for ? 160-260, and 23700 yuan/ton for ? 300-360. 24800 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 26200 yuan/ton; ? 65-130 round steel 27200 yuan/ton;
2) 36800 yuan/ton for 310S material ? 65-130; 36500 yuan/ton for ? 150-300. 29500 yuan/ton for 309S material ? 65-130;
3) S32750 (F53) material ? 150-300 round steel 33200 yuan/ton; ￥ 65-130 round steel costs 36000 yuan/ton. S32760 (F55) material ? 65-130 round steel 41000 yuan/ton.
4) 316L ? 65-130 round steel, priced at 25900 yuan/ton; 316Ti ? 65-130 round steel 29500 yuan/ton; National standard 316L ? 65-130 round steel 33000 yuan/ton; German standard 316 material ? 65-130 round steel 29500 yuan/ton; 317L ? 65-130 round steel, priced at 35700 yuan/ton;
5) 18700 yuan/ton for 321H material ? 65-130; 22100 yuan/ton for 347H material ? 65-130;
6) NO8810 ? 200-250 round steel 74500 yuan/ton; ? 65-130 round steel, 76500 yuan/ton.
7) NO7718 ? 200-250 round steel costs 178000 yuan/ton; ? 65-130 round steel, 181000 yuan/ton;
8) NO8028 ? 200-250 round steel costs 95500 yuan/ton, ? 65-130 round steel costs 100000 yuan/ton;
9) NO8120 ? 200-250 round steel costs 97000 yuan/ton, ? 65-130 round steel costs 98500 yuan/ton;
10) 630 material (17-4) ? 150-300 round steel 15900 yuan/ton, ? 65-130 round steel 16600 yuan/ton;
11) 209000 yuan/ton for NO6625 material ? 200-250; ? 65-130 round steel 213000 yuan/ton;
12) 139000 yuan/ton for NO6601 material ? 200-250; 142000 yuan/ton for ? 65-130.
13) 153000 yuan/ton for NO6600 material ? 200-250; 157000 yuan/ton for ? 65-130.
14) 231000 yuan/ton for NO10276 ? 200-250; ? 65-130 round steel, 236000 yuan/ton;
15) XM-19 ? 65-130 round steel, 38600 yuan/ton;
16) S31254 material ? 65-130 round steel, priced at 65500 yuan/ton.
17) 904L material ? 65-130 round steel 67000 yuan/ton.
18) NO8926/1.4529 material ? 65-130 round steel 78000 yuan/ton, ? 200-250 round steel 82500 yuan/ton;
19) NO8825 material ? 65-130 round steel 106500 yuan/ton, ? 200-250 round steel 104500 yuan/ton; 13) NO7718 material ? 65-130 round steel 172000 yuan/ton. N10276 material ? 65-130 round steel 233000 yuan/ton.
20) 175000 yuan/ton for NO3030 material ? 200-250; ? 65-130 round steel costs 179000 yuan/ton.
155000 yuan/ton for NO4400 material ? 200-250;
21) 160000 yuan/ton for NO4400 material ? 200-250; ￥ 65-130 round steel costs 165000 yuan/ton.
22) 1.4460 material ? 65-130 round steel costs 27300 yuan/ton.
23) 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 -26.8 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -39.7 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000 cold drawn pipe, acid washed and weighed for delivery -30.5 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -20.3 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813 * 4-6, acid washed and weighed for delivery -32.9 yuan/kg;
Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, acid washed and weighed for delivery -25.9 yuan/kg.
4、 Statistical data:
According to Mysteel research:
On April 18, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1161529 tons, a decrease of 22596 tons or 1.91% from last week. Among them:
The total inventory of cold-rolled stainless steel is 697880 tons, a decrease of 19824 tons or 2.76% compared to last week;
The total inventory of hot-rolled stainless steel is 463649 tons, a decrease of 2772 tons or 0.59% compared to last week;
The total inventory of the 200 series is 205933 tons, a decrease of 2689 tons or 1.29% compared to last week;
The total inventory of the 300 series is 739342 tons, a decrease of 17638 tons or 2.33% compared to last week;
The total inventory of the 400 series is 216254 tons, a decrease of 2269 tons or 1.04% from last week.
Wuxis inventory is 671116 tons, a decrease of 17582 tons or 2.55% compared to last week;
Foshans inventory is 348367 tons, a decrease of 8275 tons or 2.32% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have 142046 tons of inventory, an increase of 3261 tons or 2.35% compared to last week.
5、 Market analysis
Yesterday, the overall molybdenum iron market saw a significant jump, with Qingshan 316L round steel closing and only opening early. Today, the mining price suddenly rose sharply, causing an instant embarrassment in the downstream molybdenum iron market. Steel mills generally experienced a phenomenon of declining standards. Today, the mainstream spot cash quotation in the molybdenum iron market is 245000 to 248000 yuan/ton.
Moscow, April 13 (Reuters) - Washington and London announced on Friday that they will ban metal exchanges from accepting new Russian aluminum, copper, and nickel, while closing import channels for these metals to prevent them from being shipped to the United States and the United Kingdom. The intention behind this action is clear: to weaken Russias economic strength and further reduce its export revenue. In Moscow, these sanctions are seen as a response to Russias "military special operations" in Ukraine. These measures have raised concerns about global supply disruptions. Indonesias tin and nickel exports continue to decline due to delays in the approval of mining companies annual work plans. Recently, macroeconomic sentiment has been strong, with frequent disturbances from external factors. Coupled with high nickel sulfate prices on the cost side, short-term nickel prices may fluctuate. However, the acceptance of high cost nickel produced from external raw materials in the market is limited, and the cost side is under pressure. Coupled with the current good recovery of profits in the nickel industry, the news disturbance has also been basically completely digested. In the long run, the price of raw materials may be operating weakly under pressure.
304 stainless steel is currently under significant inventory pressure, with an expected increase in supply and demand. Under the upward trend, terminal consumption has slightly improved, but overall performance is still relatively weak. The lagging demand has led to a delay in destocking, and current inventory is beginning to show signs of destocking. At present, the profits of stainless steel and nickel iron factories have been partially repaired, and there is still some support for stainless steel prices on the cost side. Coupled with the current positive macro expectations, stainless steel prices may fluctuate in the short term. However, there will be some excess production capacity of nickel iron and stainless steel in the later stage. Once the profit situation improves, production capacity can be released, and in the long run, stainless steel prices may operate weakly.

Zhejiang Benji Stainless Steel Co., Ltd.,