August coincides with the transition from the traditional off-season to the peak season for consumption, resulting in a reduction of 30000 tons of inventory in the mainstream stainless steel market-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On August 1st, London nickel closed at $16282, down $322, or 1.94%; The latest price of Shanghai nickel 2409 is 130570 yuan, a decrease of 2390 yuan, a decrease of 1.80%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) costs 9000 yuan/50 basis tons. Luoyang molybdenum iron is 235000 yuan/ton, down 3000 yuan.
2. The latest price of stainless steel SS2409 is 13985 yuan, a decrease of 135 yuan or 0.96%; The open position is 84719 lots, with a trading volume of 54465 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 18800 yuan/ton, and 316 first grade white material (small punch plate, laser material, round steel, edge wire) costs 18800-19000 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: 15400 yuan/ton for 304/NO. 1; 16300 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 35300 yuan/ton, 5-10mm costs 34500 yuan/ton, 12mm costs 34700 yuan/ton, and 14mm costs 35700 yuan/ton.
2205 hot rolling 25900 yuan/ton
3. Qingshan Hot Rolling: 13500 yuan/ton for 304 material; 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: 13800 yuan/ton for 304 material, 16300 yuan/ton for 321 hot rolling; 316L hot-rolled at 25100 yuan/ton.
3、 Reference price for stainless steel tube and rod
1. The August price of Qingshan round steel is between 65-130 yuan. S30400 material costs 13450 yuan/ton, 316L material costs 24000 yuan/ton, TP321 material costs 16300 yuan/ton, 321 material costs 15100 yuan/ton, S22053 material costs 24600 yuan/ton, and 310S material costs 33300 yuan/ton.
2. 【 Zhejiang Friendship New Material Continuous Casting Billet 】 The price of 304 material is 13000 yuan/ton for ￠ 160-260 and 13100 yuan/ton for ￠ 300-360. 316L material costs 23500 yuan/ton for sizes 160-260 and 23600 yuan/ton for sizes 300-360. 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 30000 yuan/ton; 65-130 round steel costs 32800 yuan/ton. S32760 (F55) material ￠ 65-130 round steel 36500 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) 17800 yuan/ton for 321H material ￠ 65-130; 20000 yuan/ton for 347H material ￠ 65-130;
6) NO7718 ￠ 200-250 round steel 160000 yuan/ton; 65-130 round steel at 161000 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 82000 yuan/ton, 65-130 round steel 70500 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 costs 85000 yuan/ton, and ￠ 65-130 round steel costs 87000 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 15700 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) 185000 yuan/ton for NO6625 material ￠ 200-250; Round steel of ￠ 65-130 yuan/ton, priced at 187000 yuan/ton;
14) 116000 yuan/ton for NO6601 material ￠ 200-250; 117000 yuan/ton for ￠ 65-130.
15) 134000 yuan/ton for NO6600 material ￠ 200-250; 135000 yuan/ton for ￠ 65-130.
16) 212000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel 213000 yuan/ton;
17) XM-19 ￠ 65-130 round steel 34000 yuan/ton;
18) S31254 material ￠ 65-130 round steel is priced at 60500 yuan/ton.
19) 904L material ￠ 65-130 round steel is priced at 60500 yuan/ton.
20) XM-19 material ￠ 65-130 round steel costs 33500 yuan/ton, 15-5PH (XM-12) material ￠ 65-130 round steel costs 17200 yuan/ton.
21) NO3030 material ￠ 200-250, priced at 154000 yuan/ton; 65-130 round steel priced at 156000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) NO4400 material ￠ 200-250, priced at 142000 yuan/ton; 65-130 round steel costs 144000 yuan/ton.
23) 1.4460 material ￠ 65-130 round steel 22000 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 August 1, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1065480 tons, a decrease of 30495 tons or 2.78% compared to last week. Among them:
The total inventory of cold-rolled stainless steel is 709677 tons, a decrease of 28036 tons or 3.80% compared to last week;
The total inventory of hot-rolled stainless steel is 355803 tons, a decrease of 2459 tons or 0.69% compared to last week;
The total inventory of 200 series is 207109 tons, an increase of 3943 tons or 1.94% compared to last week;
The total inventory of the 300 series is 696114 tons, a decrease of 18380 tons or 2.57% compared to last week;
The total inventory of 400 series is 162257 tons, a decrease of 16058 tons or 9.01% compared to last week.
Wuxi inventory is 654011 tons, a decrease of 16310 tons or 2.43% compared to last week;
Foshan inventory is 316376 tons, a decrease of 6072 tons or 1.88% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 95093 tons, a decrease of 8113 tons or 7.86% from last week.
5、 Market analysis
1. Fundamental analysis of molybdenum
The market remains cautious: The domestic market continues to maintain a cautious attitude, which is the main reason for the lack of trading in the previous week. The market has not undergone significant changes, and the quotes from manufacturers have remained stable. Some buyers of molybdenum iron have expressed that they have sufficient inventory on hand, so they are not in a hurry to purchase now.
Global market trend: The price of Chinese molybdenum iron (Mo: 60%) has slightly increased by 1000 yuan/ton (138 US dollars/ton) compared to the previous month, with a factory price of 239000 yuan/ton (33066 US dollars/ton) in Inner Mongolia. According to sources, mining companies are unwilling to lower prices, and downstream purchases are mainly based on demand.
2. Nickel precipitation
The nickel iron market maintains a bullish sentiment, and the trading atmosphere is favorable. The supply-demand price difference game has led to an overall strong trend in nickel iron prices. On the cost side, mining quotations have risen, and the CIF price of Ni: 1.4% nickel ore in the Philippines has increased by $1 to $42 per wet ton. On the supply side, the cost of iron mills is inverted, and the quotation is often as high as 1020 yuan/nickel (factory tax included) or above.
3. Fundamental analysis of stainless steel
Weak demand in the stainless steel industry: The stainless steel market has been sluggish in the past few weeks and has not shown any improvement in the previous week. Most buyers in the industry are still in a wait-and-see state, and there are reports that this situation may continue in the short term.
On the demand side, the demand situation continues to be average. In June, the demand for stainless steel raw materials for the four major household appliances was 253000 tons, a decrease of 0.03 million tons or 0.12% compared to the previous month. The export market is performing optimistically, coupled with the continued optimistic demand for some seasonal household appliances, the overall demand for stainless steel raw materials for household appliances remains relatively high.
August coincides with the transition from the traditional off-season to the peak season for consumption, and some terminals have expectations of restocking, which may lead to a slight increase in demand for stainless steel raw materials in the home appliance industry. With the increasing reduction in production by steel mills, it is expected that the stainless steel market will experience strong fluctuations in August.

Zhejiang Benji Stainless Steel Co., Ltd.,