Position:Home > News > Industry Report > Golden September and Silver October are approaching, with optimistic expectations for stainless steel amidst caution
Company news
Industry Report
media coverage
Golden September and Silver October are approaching, with optimistic expectations for stainless steel amidst caution
Postdate:2024-08-27 Views:384
1、 Raw material report:
1. Nickel: On August 26th, the latest price of nickel in London was $16758, up $155, or 0.77%; The latest price of Shanghai Nickel 2410 is 132250 yuan, up 1740 yuan, up 1.33%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) was 8800 yuan/50 basis tons, down 100 yuan. Luoyang molybdenum iron costs 236500 yuan/ton.
2. The latest price of stainless steel SS2410 is 13835 yuan, an increase of 70 yuan, or 0.51%; The holding volume is 99293 lots and the trading volume is 43907 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 10100 yuan/ton.
2) 316 new pipe head corner material, first grade white material (small punch plate, laser material, round steel, edge wire) 18700-18800 yuan/ton.
3) 2205 whiteboard, thick tube, round steel 18600 yuan/ton, 2507 whiteboard, thick tube, round steel 21500 yuan/ton, 2520 white material, tube plate, round steel 22700 yuan/ton.
2、 Wuxi stainless steel coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot rolling series: 15300 yuan/ton for 304/NO.1; 15900 yuan/ton for 321/NO.1; 25700 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 costs 13400 yuan/ton for 4-12mm and 13600 yuan/ton for 14mm; 13800 yuan/ton for 16mm;
S31603 material 4-12mm costs 24300 yuan/ton, 14mm costs 24600 yuan/ton; 24800 yuan/ton for 16mm;
310S hot-rolled flat plate 3 and 4mm costs 34700 yuan/ton, 5-10mm costs 33900 yuan/ton, 12mm costs 34100 yuan/ton, and 14mm costs 35100 yuan/ton.
2205 hot rolling 25600 yuan/ton
3. Qingshan Hot Rolling: 304 material 13300 yuan/ton; Dingxin 310S material is priced at 34000 yuan/ton for 3mm, 34100 yuan/ton for 4mm, and 33900 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13600 yuan/ton for 304 material, 16300 yuan/ton for 321 hot rolling; 316L hot rolling costs 24600 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 13300 yuan/ton, 316L material costs 23700 yuan/ton, TP321 material costs 16100 yuan/ton, 321 material costs 14900 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 24400 yuan/ton; 65-130 round steel 24800 yuan/ton;
2) 33300 yuan/ton for 310S material ¢ 150-300 and 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 32500 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 27200 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; 19500 yuan/ton for 347H material ¢ 65-130;
6) NO7718 ¢ 200-250 round steel 156000 yuan/ton; 65-130 round steel at 158000 yuan/ton;
7) NO8810 ¢ 200-250 round steel 62000 yuan/ton; 65-130 round steel priced at 63000 yuan/ton.
8) NO8926/1.4529 material: ¢ 200-250 round steel 82500 yuan/ton, ¢ 65-130 round steel 70500 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 82000 yuan/ton, ¢ 65-130 round steel 83000 yuan/ton;
11) NO8120 ¢ 200-250 round steel at 76500 yuan/ton, ¢ 65-130 round steel at 81500 yuan/ton;
12) 630 material (17-4) ¢ 150-300 round steel 15300 yuan/ton, ¢ 65-130 round steel 15300 yuan/ton; 631 material (17-7) ¢¢ 65-130 round steel, 17700 yuan/ton; 632 material (15-7Mo) ¢¢ 65-130 round steel 28700 yuan/ton;
13) 186000 yuan/ton for NO6625 material ¢ 200-250; Round steel of ¢ 65-130 yuan/ton, priced at 187000 yuan/ton;
14) 115000 yuan/ton for NO6601 material ¢ 200-250; 117000 yuan/ton for ¢ 65-130.
15) 129000 yuan/ton for NO6600 material ¢ 200-250; 132500 yuan/ton for ¢ 65-130.
16) 209000 yuan/ton for NO10276 ¢ 200-250; ¢ 65-130 round steel 211000 yuan/ton;
17) XM-19 ¢ 65-130 round steel at 33700 yuan/ton;
18) S31254 material ¢ 65-130 round steel 55500 yuan/ton.
19) 904L material ¢ 65-130 round steel 57000 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) 152000 yuan/ton for NO3030 material ¢ 200-250; 65-130 round steel costs 155000 yuan/ton.
155000 yuan/ton for NO4400 material ¢ 200-250;
22) 141000 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 22, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1088728 tons, an increase of 3877 tons or 0.36% compared to the previous week. Among them:
The total inventory of cold-rolled stainless steel is 717587 tons, a decrease of 719 tons or 0.10% compared to last week;
The total inventory of hot-rolled stainless steel was 371141 tons, an increase of 4596 tons or 1.25% compared to last week;
The total inventory of the 200 series was 214700 tons, an increase of 1927 tons or 0.91% compared to last week;
The total inventory of the 300 series is 696344 tons, an increase of 106 tons or 0.02% compared to last week;
The total inventory of 400 series is 177684 tons, an increase of 1844 tons or 1.05% compared to last week.
Wuxi inventory is 644111 tons, a decrease of 6762 tons or 1.04% compared to last week;
Foshan inventory is 333387 tons, an increase of 502 tons or 0.15% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 111230 tons, an increase of 10137 tons or 10.03% compared to last week.
5、 Market analysis
1. Fundamental analysis of molybdenum
August 26th Molybdenum Market News: The mainstream price of molybdenum iron is between 234000 and 239000 yuan/ton; The price of 45% -50% grade molybdenum concentrate is between 3630-3660 yuan/ton; The price of molybdenum iron in Europe is between $50.25-50.5 per kilogram of molybdenum; The international price of molybdenum oxide is between 21-21.15 US dollars per pound of molybdenum..
2. Nickel iron
On the supply side, iron mills face high cost pressures and maintain a high price mentality in a loss making state, with quotes mostly ranging from 1020-1040 yuan/nickel (factory tax included). On the demand side, the stainless steel futures market is trending red, but the trading atmosphere in the spot market has not improved, with average transactions. The meager profits of steel mills combined with slow destocking of social warehouses have maintained a mentality of price suppression for raw material nickel iron, with psychological prices mostly ranging from 1000-1020 yuan/nickel (including tax upon arrival at the factory).
3. Fundamental analysis of stainless steel
This week, stainless steel scrap steel saw a slight increase, while spot prices remained stable and the spot market was weak. Some merchants released low-priced resources to promote transactions, and downstream transaction margins rebounded. However, overall sentiment remained cautious, and market destocking remained slow. Overall, stainless steel spot prices remain weak, inventory pressure is high, and transactions are mostly concentrated in low-priced resources. However, considering the upcoming Golden September and Silver October, some industry players still hold a certain optimistic attitude, and it is expected that there will be some cautious optimism in the stainless steel market in the near future.
Relations
Prev: Due to the impact of high temperatures, downstream production is relatively low, and there is a significant backlog of orders for terminal procurement
Next: Stainless steel production continues to release, downstream demand growth rate is relatively weak
  • Zhejiang Benji Stainless Steel Co., Ltd.,
  • Tel:0578-7336001
    Email:benji@zjbnjis.com
    Add:3 Jingang Avenue, Tashi Jingang Industrial Park, Longquan City, Zhejiang Province

Copyright 2021 Zhejiang Benji Stainless Steel Co., Ltd All Ringhts Reserved Supported by龙诚互联