A fire broke out in the intellectual copper molybdenum mine, and the pressure on the stainless steel high storage during the off-season may be difficult to alleviate-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On July 12th at 10:30, London nickel was $16806.5, down $2.5, or 0.01%; The latest price of Shanghai nickel 2409 is 132660 yuan, a decrease of 1410 yuan, a decrease of 1.05%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 9050 yuan/50 basis tons. Luoyang molybdenum iron is 240000 yuan/ton, up 2500 yuan.
2. The latest price of stainless steel SS2409 is 13860 yuan, a decrease of 20 US dollars or 0.14%; The open position is 150713 lots and the trading volume is 82260 lots.
3. Fujian Qingtuo Yongchang Freight Yard Waste Stainless Steel Purchase Price:
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 18600 yuan/ton, and 316 first grade white material (small punch plate, laser material, round steel, edge wire) costs 18700-18900 yuan/ton.
3) 2205 whiteboard, thick tube, round steel 18700 yuan/ton, 2507 whiteboard, thick tube, round steel 22000 yuan/ton, 2520 white material, tube plate, round steel to be collected.
2、 Wuxi stainless steel coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot rolling series: 15400 yuan/ton for 304/NO. 1; 16200 yuan/ton for 321/NO.1; 25900 yuan/ton for 316L/NO.1.
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm) made of 304 material -16900 yuan/ton, 321 material: 19300 yuan/ton, 316L material: 28800 yuan/ton.
2. Dongte Hot Rolling Guide Price:
S30408 material: 13600 yuan/ton for 4-12mm, 13800 yuan/ton for 14mm; 14000 yuan/ton for 16mm;
S31603 material 4-12mm costs 24500 yuan/ton, 14mm costs 24800 yuan/ton; 25000 yuan/ton for 16mm;
310S hot-rolled flat plate 3 and 4mm costs 35300 yuan/ton, 5-10mm costs 34500 yuan/ton, 12mm costs 34800 yuan/ton, and 14mm costs 35800 yuan/ton.
2205 hot rolling 25900 yuan/ton
3. Qingshan Hot Rolling: 304 material priced at 13400 yuan/ton; Dingxin 310S material is priced at 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 rolling; 316L hot rolling costs 24900 yuan/ton.
3、 Reference price for stainless steel tube and rod
1. The June price of Qingshan round steel ranges from ￠ 65-130. S30400 material costs 13200 yuan/ton, 316L material costs 23800 yuan/ton, TP321 material costs 16000 yuan/ton, and 321 material costs 14800 yuan/ton.
2. 【 Zhejiang Friendship New Material Continuous Casting Billet 】 The price of 304 material is 12900 yuan/ton for ￠ 160-260 and 13000 yuan/ton for ￠ 300-360. 23100 yuan/ton for 316L material ￠ 160-260, sealed plate, 23200 yuan/ton for ￠ 300-360, sealed plate. 2205 material ￠ 160-260, priced at 24200 yuan/ton. 29800 yuan/ton for 2507 material ￠ 160-260.
3. 【 Yongxing Bar Material ￠ 65-130 】 304 material costs 16000 yuan/ton, TP321 material costs 18500 yuan/ton, 316L material costs 27800 yuan/ton, 316LGB material costs 30800 yuan/ton, and S22053 material costs 29300 yuan/ton.
4. 【 Fukai Market Price 】:
1) 2205 (F60) material ￠ 150-300 round steel, priced at 24300 yuan/ton; 65-130 round steel 24800 yuan/ton;
2) 310S material costs 33500 yuan/ton for ￠ 150-300 and 33500 yuan/ton for ￠ 65-130; 27300 yuan/ton for 309S material ￠ 65-130;
3) S32750 (F53) material ￠ 150-300 round steel 29800 yuan/ton; 65-130 round steel costs 32500 yuan/ton. S32760 (F55) material ￠ 65-130 round steel 37000 yuan/ton.
4) 316L ￠ 65-130 round steel at 25200 yuan/ton; 316Ti ￠ 65-130 round steel 28300 yuan/ton; National standard 316L ￠ 65-130 round steel 32000 yuan/ton; German standard 316 material ￠ 65-130 round steel 28000 yuan/ton; 317L ￠ 65-130 round steel 34000 yuan/ton;
5) 18000 yuan/ton for 321H material ￠ 65-130; 19800 yuan/ton for 347H material ￠ 65-130;
6) NO8810 ￠ 200-250 round steel 66000 yuan/ton; 65-130 round steel costs 66000 yuan/ton.
7) NO7718 ￠ 200-250 round steel priced at 164000 yuan/ton; 65-130 round steel 165000 yuan/ton;
8) NO8028 ￠ 200-250 round steel 86000 yuan/ton, ￠ 65-130 round steel 88000 yuan/ton;
9) NO8120 ￠ 200-250 round steel 83000 yuan/ton, ￠ 65-130 round steel 84500 yuan/ton;
10) 630 material (17-4) ￠ 150-300 round steel 16000 yuan/ton, ￠ 65-130 round steel 16000 yuan/ton; 631 material (17-7) ￠￠ 65-130 round steel 17800 yuan/ton; 632 material (15-7Mo) ￠￠ 65-130 round steel, priced at 28500 yuan/ton;
11) 193000 yuan/ton for NO6625 material ￠ 200-250; 65-130 round steel 193000 yuan/ton;
12) 119000 yuan/ton for NO6601 material ￠ 200-250; 120000 yuan/ton for ￠ 65-130.
13) 139000 yuan/ton for NO6600 material ￠ 200-250; 141000 yuan/ton for ￠ 65-130.
14) 215000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel at 216000 yuan/ton;
15) XM-19 ￠ 65-130 round steel 34000 yuan/ton;
16) S31254 material ￠ 65-130 round steel costs 60800 yuan/ton.
17) 904L material ￠ 65-130 round steel 62500 yuan/ton.
18) NO8926/1.4529 Material: 86000 yuan/ton for ￠ 200-250 round steel, 69000 yuan/ton for ￠ 65-130 round steel,;
19) NO8825 material ￠ 200-250 round steel 96000 yuan/ton, ￠ 65-130 round steel 97000 yuan/ton;
20) XM-19 material ￠ 65-130 round steel costs 34000 yuan/ton, 15-5PH (XM-12) material ￠ 65-130 round steel costs 18000 yuan/ton.
21) 159000 yuan/ton for NO3030 material ￠ 200-250; Round steel of ￠ 65-130 is priced at 160000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) NO4400 material ￠ 200-250, priced at 148000 yuan/ton; 65-130 round steel priced at 149000 yuan/ton.
23) 1.4460 material ￠ 65-130 round steel 22800 yuan/ton.
24) Wuxi Puheng forged round 304L material costs 14800 yuan/ton for ￠ 140-250 and 15500 yuan/ton for ￠ 260-400; 316L material costs 25500 yuan/ton for sizes 140-250 and 25700 yuan/ton for sizes 260-400.
5. Zhejiang Benji Pipe Reference Price
Stainless steel seamless tube 30408 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -26.1 yuan/kg;
Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -39.6 yuan/kg;
Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -30.4 yuan/kg;
Stainless steel welded pipe made of 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 weighing delivery -33 yuan/kg;
Stainless steel welded pipe 32168 material, specification 219-813 * 4-6 acid washed weighing delivery -25.9 yuan/kg.
4、 Statistical data:
According to Mysteel research:
On July 11, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1087682 tons, an increase of 68278 tons or 0.63% compared to the previous week. Among them:
The total inventory of cold-rolled stainless steel was 723264 tons, an increase of 14325 tons or 2.02% compared to last week;
The total inventory of hot-rolled stainless steel is 364418 tons, a decrease of 7498 tons or 2.02% compared to last week;
The total inventory of 200 series is 203455 tons, a decrease of 1168 tons or 0.57% compared to last week;
The total inventory of 300 series is 707919 tons, a decrease of 998 tons or 0.14% compared to last week;
The total inventory of 400 series is 176308 tons, an increase of 8993 tons or 5.37% compared to last week.
Wuxi inventory is 668207 tons, a decrease of 1899 tons or 0.28% compared to last week;
Foshan inventory is 306407 tons, an increase of 2985 tons or 0.98% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 113068 tons, an increase of 5741 tons or 5.35% compared to last week.
5、 Market analysis
1. Fundamental analysis of molybdenum
The global molybdenum iron market has shown positive performance, with good domestic demand and a slight increase in molybdenum iron prices. According to reports, a fire broke out in the Zhizhi copper molybdenum mine, which may affect the supply of molybdenum oxide. Some manufacturers have stated that after this news, the price of molybdenum oxide is expected to further rise, and they expect the new factory quotation level to be above 2.75 million rupees/ton (32939 US dollars/ton). However, rumors suggest that the price of imported molybdenum oxide from India remains unchanged at around $22.8-22.9 per pound.
Chinas molybdenum iron (Mo: 60%) produced in Inner Mongolia is 238500 yuan/ton (32780 US dollars/ton), up 4500 yuan/ton (619 US dollars/ton) from last week. The price of South Korean molybdenum iron (Mo: 60%) is $51/kg, an increase of $0.5/kg. The price of molybdenum iron (Mo: 70%) in the United States is $62 per kilogram. On July 9th, the price of molybdenum iron on the London Metal Exchange was $22.94 per pound, up $0.19 per pound.
2. Fundamental analysis of stainless steel
As the terminal enters the seasonal consumption off-season, the weak supply-demand pattern in the nickel market is once again highlighted. In terms of supply, the tight supply of nickel ore in overseas markets has eased to some extent. Currently, the supply of MHP in Indonesia continues to be released as all production lines of a certain project are put into operation, and the supply is slightly loose. From the perspective of inventory performance, nickel inventory at home and abroad is still at a relatively high level, with domestic pure nickel inventory of about 28200 tons. Although it has slightly decreased compared to the previous period, it is still at a relatively high level.
The current contradiction in the nickel market lies in the game between the uncertainty of overseas Indonesian nickel mine approval progress and weak downstream stainless steel consumption. Although the tension over nickel mines in Indonesia has eased recently, there is still uncertainty in the future, which may provide some support for nickel prices. Currently, downstream stainless steel is in the off-season of consumption, and high inventory pressure may be difficult to effectively alleviate. Demand side pressure will drag down nickel prices. Overall, if there is no interference in the nickel mine side in the future, nickel prices may be under pressure

Zhejiang Benji Stainless Steel Co., Ltd.,