Traditional stainless steel consumption off-season, although raw materials are at a high level, the rebound may be limited-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On July 1st, the closing price of nickel in London was $17451, up $94, or 0.54%; The latest price of Shanghai nickel 2409 is 137620 yuan, up 1330 yuan, or 0.98%; Shanghai high carbon ferrochrome FeCr55C1000 (50 base) costs 9100 yuan/50 base tons. Luoyang molybdenum iron is 235000 yuan/ton, down 1500 yuan.
2. The latest price of stainless steel SS2409 is 14120 yuan, up $50 or 0.36%; The holding amount is 158599 lots, and the trading volume is 49633 lots.
3. Purchase price of waste stainless steel at Fujian Qingtuo Yongchang Freight Yard:
1) 304 first grade white material (small punching plate, laser material, round steel, edge wire) costs 9900-10000 yuan/ton, and 304 new pipe head edge material costs 9800 yuan/ton.
2) 316 new pipe head corner material costs 18400 yuan/ton, and 316 first grade white material (small punching plate, laser material, round steel, edge wire) costs 18500-18600 yuan/ton.
3) 2205 whiteboard, thick tube, and round steel are priced at 18400 yuan/ton, 2507 whiteboard, thick tube, and round steel are priced at 21500 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: 15300 yuan/ton for 304/NO.1; 16200 yuan/ton for 321/NO.1; 25800 yuan/ton for 316L/NO.1.
Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16900 yuan/ton, 321 material: 19300 yuan/ton, 316L material: 28800 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 costs 24300 yuan/ton for 4-12mm and 24600 yuan/ton for 14mm; 24800 yuan/ton for 16mm;
310S hot-rolled flat plates are priced at 35300 yuan/ton for 4mm, 34500 yuan/ton for 5-10mm, 34800 yuan/ton for 12mm, and 35800 yuan/ton for 14mm.
2205 hot-rolled 25900 yuan/ton
3. Qingshan hot rolling: 304 material 13300 yuan/ton; Dingxin 310S material costs 34600 yuan/ton for 3mm, 34700 yuan/ton for 4mm, and 34500 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13700 yuan/ton for 304 material, 16300 yuan/ton for 321 hot-rolled; 316L hot-rolled at 24900 yuan/ton.
3、 Reference price for stainless steel pipes and rods
1. The June price of Qingshan round steel is ? 65-130. S30400 material costs 13100 yuan/ton, 316L material costs 23500 yuan/ton, TP321 material costs 15900 yuan/ton, and 321 material costs 14700 yuan/ton.
2. Zhejiang Friendship New Materials: The price of 304 material is 12800 yuan/ton for ? 160-260, and 12900 yuan/ton for ? 300-360. 316L material costs 23300 yuan/ton for ? 160-260, and 23400 yuan/ton for ? 300-360. 2205 material ? 160-260, 24400 yuan/ton. 29800 yuan/ton for 2507 material ? 160-260.
3. Yongxing Bar Material ? 65-130: 304 material costs 16700 yuan/ton, TP321 material costs 19200 yuan/ton, 316L material costs 28500 yuan/ton, 316LGB material costs 31500 yuan/ton, S22053 material costs 30000 yuan/ton.
4. [Fukai Market Price]:
1) 2205 (F60) material ? 150-300 round steel 24500 yuan/ton; ? 65-130 round steel, 24500 yuan/ton;
2) 310S material: 33800 yuan/ton for ? 150-300, 33800 yuan/ton for ? 65-130; 27500 yuan/ton for 309S material ? 65-130;
3) S32750 (F53) material ? 150-300 round steel 29800 yuan/ton; ? 65-130 round steel, 33000 yuan/ton. S32760 (F55) material ? 65-130 round steel 38000 yuan/ton.
4) 316L ? 65-130 round steel, 25200 yuan/ton; 316Ti ? 65-130 round steel 28500 yuan/ton; National standard 316L ? 65-130 round steel 32000 yuan/ton; German standard 316 material ? 65-130 round steel 28500 yuan/ton; 317L ? 65-130 round steel, priced at 34800 yuan/ton;
5) 18500 yuan/ton for 321H material ? 65-130; 20500 yuan/ton for 347H material ? 65-130;
6) NO8810 ? 200-250 round steel 66000 yuan/ton; ? 65-130 yuan/ton for round steel.
7) NO7718 ? 200-250 round steel 164000 yuan/ton; 165000 yuan/ton for round steel of ? 65-130;
8) NO8028 ? 200-250 round steel costs 86000 yuan/ton, ? 65-130 round steel costs 88000 yuan/ton;
9) NO8120 ? 200-250 round steel costs 83000 yuan/ton, ? 65-130 round steel costs 84000 yuan/ton;
10) 630 material (17-4) ? 150-300 round steel at 16200 yuan/ton, ? 65-130 round steel at 16200 yuan/ton; 631 material (17-7) ? 65-130 round steel 18000 yuan/ton; 632 material (15-7Mo) ? 65-130 round steel 28500 yuan/ton;
11) 195000 yuan/ton for NO6625 material ? 200-250; ? 65-130 round steel, 197000 yuan/ton;
12) 119000 yuan/ton for NO6601 material ? 200-250; 120000 yuan/ton for ? 65-130.
13) 137000 yuan/ton for NO6600 material ? 200-250; 140000 yuan/ton for ? 65-130.
14) 216000 yuan/ton for NO10276 ? 200-250; ? 65-130 round steel, 218000 yuan/ton;
15) XM-19 ? 65-130 round steel at 34000 yuan/ton;
16) S31254 material ? 65-130 round steel 61500 yuan/ton.
17) 904L material ? 65-130 round steel 61000 yuan/ton.
18) NO8926/1.4529 material ? 200-250 round steel 86000 yuan/ton, ? 65-130 round steel 72000 yuan/ton,;
19) NO8825 material ? 200-250 round steel 97000 yuan/ton, ? 65-130 round steel 98000 yuan/ton;
20) XM-19 material ? 65-130 round steel costs 34000 yuan/ton, and 15-5PH (XM-12) material ? 65-130 round steel costs 18200 yuan/ton.
21) 159000 yuan/ton for NO3030 material ? 200-250; ￥ 65-130 round steel costs 160000 yuan/ton.
155000 yuan/ton for NO4400 material ? 200-250;
22) 148000 yuan/ton for NO4400 material ? 200-250; ￥ 65-130 round steel costs 150000 yuan/ton.
23) 1.4460 material ? 65-130 round steel 23000 yuan/ton.
24) Wuxi Puheng Forged Round 304L Material: 15600 yuan/ton for ? 140-250, 16300 yuan/ton for ? 260-400; 316L material: 26200 yuan/ton for ? 140-250, 26400 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 -25.9 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 -30.2 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 -33 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 June 27, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1087063 tons, a decrease of 46813 tons or 4.13% from last week. Among them:
The total inventory of cold-rolled stainless steel is 701522 tons, a decrease of 25425 tons or 3.50% compared to last week;
The total inventory of hot-rolled stainless steel is 385541 tons, a decrease of 21388 tons or 5.26% compared to last week;
The total inventory of the 200 series is 209745 tons, a decrease of 9090 tons or 4.20% compared to last week;
The total inventory of the 300 series is 705113 tons, a decrease of 21442 tons or 2.95% compared to last week;
The total inventory of the 400 series is 172205 tons, a decrease of 16181 tons or 8.59% compared to last week.
Wuxis inventory is 677874 tons, a decrease of 3934 tons or 0.58% compared to last week;
Foshans inventory is 306580 tons, a decrease of 26692 tons or 8.01% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have 102609 tons of inventory, a decrease of 16187 tons or 13.63% compared to last week.
5、 Market analysis
1. Molybdenum Fundamental Analysis
The domestic molybdenum market has slightly declined, with mainstream prices of ferromolybdenum ranging from 231000 to 237000 yuan.
3. Nickel iron aspect
There has been progress in the approval of nickel ore quotas in Indonesia, and the pressure on the mining side has weakened. However, nickel ore remains strong in June, and cost support is still ongoing. In July, mining support may gradually weaken, and Indonesian industrial policies may cause disturbances to the future production of nickel pig iron and high ice nickel.
4. Fundamental analysis of stainless steel
In May, the demand for stainless steel raw materials for the four major household appliances was 253300 tons, a decrease of 0.44 million tons from the previous month, a decrease of 1.70%. Affected by the rise in temperature, the demand for some seasonal household appliances has shown relatively optimistic performance, and the overall decline in demand for stainless steel raw materials in household appliances is limited. At present, it is in the off-season for traditional stainless steel consumption, with low enthusiasm for downstream inventory preparation and lackluster performance in terminal demand.
In recent times, the market inventory base has continued to be relatively high, and the overall digestion of goods has not shown a significant improvement. Supply pressure continues to exist. In the traditional off-season of consumption, end users maintain an on-demand delivery trend, continue to restrict overall trading follow-up, and the demand side support continues to be poor.
In June, the comprehensive cost of stainless steel raw materials has shown a certain decline, and high carbon chromium iron, coke, manganese silicon and other raw materials are also at a high level, and cost pressure remains. It is expected that short-term stainless steel futures prices will continue to rebound, but the rebound space may not be significant. In the medium to long term, the current inventory pressure of 304 stainless steel is relatively high, with high supply and weak demand.

Zhejiang Benji Stainless Steel Co., Ltd.,