Due to the impact of high temperatures, downstream production is relatively low, and there is a significant backlog of orders for terminal procurement-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On August 13th, the latest price of nickel in London was $16229, down $126, or 0.77%; The latest price of Shanghai nickel 2409 is 128330 yuan, a decrease of 670 yuan, a decrease of 0.52%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) is priced at 8850 yuan/50 basis tons, down 100 yuan. Luoyang molybdenum iron 234500 yuan/ton, down 3000 yuan.
2. The latest price of stainless steel SS2410 is 13675 yuan, a decrease of 80 yuan or 0.58%; The open position is 149571 lots and the trading volume is 159766 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 10000-10100 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 18600-18700 yuan/ton.
3) 2205 whiteboard, thick tube, round steel 18500 yuan/ton, 2507 whiteboard, thick tube, round steel 21500 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: 13500 yuan/ton for 4-12mm, 13700 yuan/ton for 14mm; 13900 yuan/ton for 16mm;
S31603 material 4-12mm costs 24600 yuan/ton, 14mm costs 24900 yuan/ton; 25100 yuan/ton for 16mm;
310S hot-rolled flat plate 3 and 4mm costs 35000 yuan/ton, 5-10mm costs 34200 yuan/ton, 12mm costs 34400 yuan/ton, and 14mm costs 35400 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 August price of Qingshan round steel is between 65-130 yuan. S30400 material costs 13350 yuan/ton, 316L material costs 23700 yuan/ton, TP321 material costs 16150 yuan/ton, 321 material costs 14950 yuan/ton, S22053 material costs 24200 yuan/ton, and 310S material costs 33200 yuan/ton.
2. 【 Zhejiang Friendship New Material Continuous Casting Billet 】 The price of 304 material is 13150 yuan/ton for ￠ 160-260 and 13250 yuan/ton for ￠ 300-360. 316L material costs 23600 yuan/ton for ￠ 160-260 and 23700 yuan/ton for ￠ 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, 33300 yuan/ton for ￠ 65-130; 26000 yuan/ton for 309S material ￠ 65-130;
3) S32750 (F53) material ￠ 150-300 round steel 29500 yuan/ton; 65-130 round steel costs 32800 yuan/ton. S32760 (F55) material ￠ 65-130 round steel 36000 yuan/ton.
4) 316L ￠ 65-130 round steel at 25200 yuan/ton; 316Ti ￠ 65-130 round steel 27500 yuan/ton; National standard 316L ￠ 65-130 round steel 29500 yuan/ton; German standard 316 material ￠ 65-130 round steel 27500 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 152000 yuan/ton; 65-130 round steel at 158000 yuan/ton;
7) NO8810 ￠ 200-250 round steel at 61500 yuan/ton; 65-130 round steel 62500 yuan/ton.
8) NO8926/1.4529 Material: 200-250 round steel 82000 yuan/ton, 65-130 round steel 70000 yuan/ton,;
9) NO8825 material ￠ 200-250 round steel 89000 yuan/ton, ￠ 65-130 round steel 91500 yuan/ton;
10) NO8028 ￠ 200-250 round steel 81000 yuan/ton, ￠ 65-130 round steel 82500 yuan/ton;
11) NO8120 ￠ 200-250 round steel 76000 yuan/ton, ￠ 65-130 round steel 80000 yuan/ton;
12) 630 material (17-4) ￠ 150-300 round steel 15700 yuan/ton, ￠ 65-130 round steel 15300 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) 182000 yuan/ton for NO6625 material ￠ 200-250; ￠ 65-130 round steel 185000 yuan/ton;
14) 112000 yuan/ton for NO6601 material ￠ 200-250; 116000 yuan/ton for ￠ 65-130.
15) 128000 yuan/ton for NO6600 material ￠ 200-250; 131500 yuan/ton for ￠ 65-130.
16) 207000 yuan/ton for NO10276 ￠ 200-250; ￠ 65-130 round steel 211000 yuan/ton;
17) XM-19 ￠ 65-130 round steel 34000 yuan/ton;
18) S31254 material ￠ 65-130 round steel 58500 yuan/ton.
19) 904L material ￠ 65-130 round steel 58500 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 costs 150000 yuan/ton; 65-130 round steel costs 155000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) 140000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 142000 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 -26.2 yuan/kg;
Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -39.3 yuan/kg;
Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -30.5 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 August 8, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1089956 tons, an increase of 24476 tons or 2.30% compared to the previous week. Among them:
The total inventory of cold-rolled stainless steel was 727212 tons, an increase of 17535 tons or 2.47% compared to last week;
The total inventory of hot-rolled stainless steel was 362744 tons, an increase of 6941 tons or 1.95% compared to last week;
The total inventory of the 200 series is 216624 tons, an increase of 9515 tons or 4.59% compared to last week;
The total inventory of the 300 series is 710034 tons, an increase of 13920 tons or 2.00% compared to last week;
The total inventory of 400 series is 163298 tons, an increase of 1041 tons or 0.64% compared to last week.
Wuxi inventory is 6551521 tons, an increase of 1141 tons or 0.17% compared to last week;
Foshan inventory is 340375 tons, an increase of 23999 tons or 7.59% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 94429 tons, a decrease of 664 tons or 0.70% compared to last week.
5、 Market analysis
1. Fundamental analysis of molybdenum
The market is declining, current demand is decreasing, and there is an oversupply..
2. Nickel iron
Local nickel ore transactions in Indonesia are tight, and the domestic supply and demand of nickel iron raw materials are slightly tight at this stage, resulting in a strong performance of nickel iron prices; On August 13th, Mystees Indonesian nickel iron bilge tax inclusive index price was 1010 yuan/nickel, unchanged from August 12th; The ex factory tax inclusive index price of high nickel iron is 1006.7 yuan/nickel, unchanged from the 12th; The tax inclusive index price of high nickel iron arriving at the factory is 1015.7 yuan/nickel, unchanged from the 12th.
3. Fundamental analysis of stainless steel
The social inventory of stainless steel has remained high and difficult to reduce, indicating average demand for spot goods and limiting price space. In August, the production schedule of 300 series steel mills increased by about 5% month on month, putting further supply pressure. Affected by seasonal high temperatures in various regions of the country, downstream construction sites have started less work, and there is a significant backlog of terminal procurement orders.
Overall, the raw material support is strong, and the valuation is approaching a low level again; However, the market inventory is still high, the demand for spot goods is still weak, and it will take some time for the market to digest the inventory of old standard resources, resulting in overall fluctuations in performance.

Zhejiang Benji Stainless Steel Co., Ltd.,