Heavy rainfall affects the supply of nickel ore in Indonesia, causing a slight decrease in inventory in the stainless steel market-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On July 25th, London nickel closed at $15769, down $58, or 0.37%; The latest price of Shanghai nickel 2409 is 125730 yuan, a decrease of 140 yuan, a decrease of 0.11%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) costs 9000 yuan/50 basis tons. Luoyang molybdenum iron is 237500 yuan/ton, down 500 yuan.
2. The latest price of stainless steel SS2409 is 13830 yuan, a decrease of 60 yuan or 0.43%; The holding volume is 130129 lots and the trading volume is 64006 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 10000-10200 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 18700-18800 yuan/ton.
3) 2205 whiteboard, thick tube, round steel 18700 yuan/ton, 2507 whiteboard, thick tube, round steel 22200 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: 15600 yuan/ton for 304/NO.1; 16200 yuan/ton for 321/NO.1; 26200 yuan/ton for 316L/NO.1.
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm) made of 304 material -16800 yuan/ton, 321 material: 19200 yuan/ton, 316L material: 28700 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: 24800 yuan/ton for 4-12mm, 25100 yuan/ton for 14mm; 25300 yuan/ton for 16mm;
310S hot-rolled flat plate 3 and 4mm costs 35400 yuan/ton, 5-10mm costs 34600 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 34700 yuan/ton for 3mm, 34800 yuan/ton for 4mm, and 34600 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 25100 yuan/ton.
3、 Reference price for stainless steel tube and rod
1. The June price of Qingshan round steel is between 65-130 yuan. S30400 material costs 13300 yuan/ton, 316L material costs 23900 yuan/ton, TP321 material costs 16100 yuan/ton, 321 material costs 14900 yuan/ton, S22053 material costs 24400 yuan/ton, and 310S material costs 33200 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) 33500 yuan/ton for 310S material ￠ 150-300, 33700 yuan/ton for ￠ 65-130; 27300 yuan/ton for 309S material ￠ 65-130;
3) S32750 (F53) material ￠ 150-300 round steel 30200 yuan/ton; 65-130 round steel costs 32800 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; 20000 yuan/ton for 347H material ￠ 65-130;
6) NO7718 ￠ 200-250 round steel 162000 yuan/ton; ￠ 65-130 round steel at 163000 yuan/ton;
7) NO8810 ￠ 200-250 round steel 63000 yuan/ton; 65-130 round steel costs 64000 yuan/ton.
8) NO8926/1.4529 material: ￠ 200-250 round steel at 85000 yuan/ton, ￠ 65-130 round steel at 67500 yuan/ton,;
9) NO8825 material: ￠ 200-250 round steel 94000 yuan/ton, ￠ 65-130 round steel 95000 yuan/ton;
10) NO8028 ￠ 200-250 round steel 86000 yuan/ton, ￠ 65-130 round steel 88000 yuan/ton;
11) NO8120 ￠ 200-250 round steel 81000 yuan/ton, ￠ 65-130 round steel 82000 yuan/ton;
12) 630 material (17-4) ￠ 150-300 round steel 15700 yuan/ton, ￠ 65-130 round steel 16000 yuan/ton; 631 material (17-7) ￠￠ 65-130 round steel 17500 yuan/ton; 632 material (15-7Mo) ￠￠ 65-130 round steel, priced at 28500 yuan/ton;
13) 188000 yuan/ton for NO6625 material ￠ 200-250; 65-130 round steel 190000 yuan/ton;
14) 117000 yuan/ton for NO6601 material ￠ 200-250; 118000 yuan/ton for ￠ 65-130.
15) 135000 yuan/ton for NO6600 material ￠ 200-250; 136000 yuan/ton for ￠ 65-130.
16) 213000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel priced at 214000 yuan/ton;
17) XM-19 ￠ 65-130 round steel 34000 yuan/ton;
18) S31254 material ￠ 65-130 round steel, priced at 61500 yuan/ton.
19) 904L material ￠ 65-130 round steel 62500 yuan/ton.
20) XM-19 material ￠ 65-130 round steel costs 33500 yuan/ton, 15-5PH (XM-12) material ￠ 65-130 round steel costs 17400 yuan/ton.
21) 156000 yuan/ton for NO3030 material ￠ 200-250; 65-130 round steel costs 158000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) 144000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 146000 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 -26.3 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 -30.6 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 -33.2 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 25, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1095975 tons, a decrease of 12757 tons or 1.15% compared to last week. Among them:
The total inventory of cold-rolled stainless steel is 737713 tons, a decrease of 346 tons or 0.05% compared to last week;
The total inventory of hot-rolled stainless steel is 358262 tons, a decrease of 12411 tons or 3.35% compared to last week;
The total inventory of 200 series is 203166 tons, a decrease of 665 tons or 0.33% compared to last week;
The total inventory of 300 series is 714494 tons, a decrease of 11216 tons or 1.55% compared to last week;
The total inventory of 400 series is 177315 tons, a decrease of 876 tons or 0.49% compared to last week.
Wuxi inventory is 670321 tons, a decrease of 9401 tons or 1.38% compared to last week;
Foshan inventory is 322448 tons, an increase of 5024 tons or 1.58% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have a total inventory of 103206 tons, a decrease of 8380 tons or 7.51% compared to last week.
5、 Market analysis
1. Fundamental analysis of molybdenum
Compared to July 17th, the price of molybdenum iron in India has decreased by 91000 rupees per ton (1087 US dollars per ton) on a weekly basis. The price drop is due to fewer inquiries and sufficient inventory.
On July 24th, the price of molybdenum iron in India was 2.575 million rupees per ton (30766 US dollars per ton) (60 basis price). Last week, approximately 35 tons were sold at an ex factory price of 2.5 million to 2.62 million rupees per ton (equivalent to 29870-31303 US dollars per ton).
2. Nickel ore analysis
After mid July, the impact of heavy rainfall has significantly decreased, and the supply of nickel ore in Indonesias K Island has improved to some extent. However, the secondary nickel production capacity of K Island is large, and the demand for nickel ore is high. Currently, it is still in a tight state, and there will be rainfall next week. Overall, the impact of weather on Indonesia has indeed eased compared to early July, but the heavy rainfall during this years dry season may still affect the subsequent mining and supply of nickel ore.
The strength of nickel ore prices reflects the continued tight supply of nickel ore. The prices of nickel ore in the Philippines and Indonesia showed opposite trends in July, and the price difference between nickel ore in the Philippines and Indonesia has rebounded to positive, but still remains relatively low.
3. Fundamental analysis of stainless steel
The inventory in the stainless steel market has slightly decreased, and the market inquiry atmosphere continues to be quiet. Downstream confidence in the future market is insufficient, and procurement is mainly based on basic needs, with most transactions being scattered orders.

Zhejiang Benji Stainless Steel Co., Ltd.,