Stainless steel peak season is not prosperous, with high inventory and obvious pressure-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On September 11th, the latest price of nickel in London was $15731, down $10 or 0.06%; The latest continuous price of Shanghai nickel was 120740 yuan, a decrease of 980 yuan, a decrease of 0.81%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8700 yuan/50 basis tons. Luoyang molybdenum iron costs 241000 yuan/ton.
2. The latest continuous price of stainless steel is 13130 yuan, a decrease of 115 yuan, a decrease of 0.87%; The holding volume is 183887 lots and the trading volume is 86161 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 9900 yuan/ton, and 304 new pipe head edge material costs 9800 yuan/ton.
2) 316 new pipe head corner material, first grade white material (small punch plate, laser material, round steel, edge wire) 18300-18500 yuan/ton.
3) 2205 whiteboard, thick tube, round steel 18000 yuan/ton, 2507 whiteboard, thick tube, round steel 22000 yuan/ton, 2520 white material, tube plate, round steel 24000 yuan/ton.
2、 Wuxi stainless steel coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot rolling series: 15200 yuan/ton for 304/NO. 1; 15900 yuan/ton for 321/NO.1; 25800 yuan/ton for 316L/NO.1.
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm) made of 304 material -16800 yuan/ton, 321 material: 19100 yuan/ton, 316L material: 28800 yuan/ton.
2. Dongte Hot Rolling Guide Price:
S30408 material costs 13300 yuan/ton for 4-12mm and 13500 yuan/ton for 14mm; 13700 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 34400 yuan/ton, 5-10mm costs 33600 yuan/ton, 12mm costs 33900 yuan/ton, and 14mm costs 34900 yuan/ton.
2205 hot rolling 25600 yuan/ton
3. Qingshan Hot Rolling: 304 material costs 13100 yuan/ton; Dingxin 310S material is priced at 33700 yuan/ton for 3mm, 33800 yuan/ton for 4mm, and 33600 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13400 yuan/ton for 304 material, 16200 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 13000 yuan/ton, 316L material costs 23600 yuan/ton, TP321 material costs 15800 yuan/ton, 321 material costs 14600 yuan/ton, S22053 material costs 24200 yuan/ton, and 310S material costs 33000 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 24600 yuan/ton; 65-130 round steel 24800 yuan/ton;
2) 33300 yuan/ton for 310S material ￠ 150-300, 33800 yuan/ton for ￠ 65-130; 26500 yuan/ton for 309S material ￠ 65-130;
3) S32750 (F53) material ￠ 150-300 round steel 30800 yuan/ton; 65-130 round steel costs 34000 yuan/ton. S32760 (F55) material ￠ 65-130 round steel 39000 yuan/ton.
4) 316L ￠ 65-130 round steel at 25200 yuan/ton; 316Ti ￠ 65-130 round steel 27700 yuan/ton; National standard 316L ￠ 65-130 round steel 30500 yuan/ton; German standard 316 material ￠ 65-130 round steel 28000 yuan/ton; 317L ￠ 65-130 round steel 36000 yuan/ton;
5) 17800 yuan/ton for 321H material ￠ 65-130; 19700 yuan/ton for 347H material ￠ 65-130;
6) NO7718 ￠ 200-250 round steel 156000 yuan/ton; Round steel of 65-130 yuan/ton, priced at 156000 yuan/ton;
7) NO8810 ￠ 200-250 round steel 62000 yuan/ton; 65-130 round steel costs 64000 yuan/ton.
8) NO8926/1.4529 Material: 84000 yuan/ton for ￠ 200-250 round steel, 73000 yuan/ton for ￠ 65-130 round steel,;
9) NO8825 material ￠ 200-250 round steel 89000 yuan/ton, ￠ 65-130 round steel 91000 yuan/ton;
10) NO8028 ￠ 200-250 round steel 81000 yuan/ton, ￠ 65-130 round steel 83000 yuan/ton;
11) NO8120 ￠ 200-250 round steel costs 78000 yuan/ton, and ￠ 65-130 round steel costs 80000 yuan/ton;
12) 630 material (17-4) ￠ 150-300 round steel at 15800 yuan/ton, ￠ 65-130 round steel at 16000 yuan/ton; 631 material (17-7) ￠￠ 65-130 round steel 18600 yuan/ton; 632 material (15-7Mo) ￠￠ 65-130 round steel 29300 yuan/ton;
13) 182000 yuan/ton for NO6625 material ￠ 200-250; ￠ 65-130 round steel 185000 yuan/ton;
14) 113000 yuan/ton for NO6601 material ￠ 200-250; 116000 yuan/ton for ￠ 65-130.
15) 131000 yuan/ton for NO6600 material ￠ 200-250; 133000 yuan/ton for ￠ 65-130.
16) 206000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel at 212000 yuan/ton;
17) XM-19 ￠ 65-130 round steel at 33700 yuan/ton;
18) S31254 material ￠ 65-130 round steel 61000 yuan/ton.
19) 904L material ￠ 65-130 round steel, priced at 61500 yuan/ton.
20) XM-19 material ￠ 65-130 round steel costs 34300 yuan/ton, 15-5PH (XM-12) material ￠ 65-130 round steel costs 18300 yuan/ton.
21) NO3030 material ￠ 200-250 costs 150000 yuan/ton; 65-130 round steel costs 152000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) 137000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 140000 yuan/ton.
23) 1.4460 material ￠ 65-130 round steel 23500 yuan/ton.
24) Wuxi Puheng forged round 304L material costs 15200 yuan/ton for ￠ 140-250 and 15900 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 September 5, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1062037 tons, a decrease of 24427 tons or 2.25% compared to last week. Among them:
The total inventory of cold-rolled stainless steel is 695998 tons, a decrease of 11601 tons or 1.64% compared to last week;
The total inventory of hot-rolled stainless steel is 366039 tons, a decrease of 12826 tons or 3.39% compared to last week;
The total inventory of the 200 series is 215518 tons, an increase of 3168 tons or 1.49% compared to last week;
The total inventory of 300 series is 674069 tons, a decrease of 23041 tons or 3.31% compared to last week;
The total inventory of 400 series is 172450 tons, a decrease of 4554 tons or 4.57% compared to last week.
Wuxi inventory is 621630 tons, a decrease of 13320 tons or 2.10% compared to last week;
Foshan inventory is 334917 tons, a decrease of 7567 tons or 2.21% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 105490 tons, a decrease of 3540 tons or 3.25% compared to last week.
5、 Market analysis
Nickel iron: The tax inclusive price of Indonesian high nickel iron bilge has been reduced by 5 yuan to 990-1000 yuan/nickel, and the FOB price of Indonesian nickel iron has been reduced by 1 US dollar to 120 US dollars/nickel. Recently, the nickel and stainless steel market in Shanghai has continued to decline, and the pessimistic sentiment in the market has been transmitted to the nickel iron end, putting downward pressure on nickel iron prices.
Ferrochromium: On the 10th, the ferrochrome market maintained a weak trend. The downstream pressure on prices has not diminished, and the situation of difficulty in selling in retail has worsened. Coupled with the frequent low prices of returning funds from traders and the situation of internal competition, the price of chromium iron continues to decline. The northern chromium iron quotation has fallen by 100 yuan month on month to 8400-8500 yuan/50 basis tons.
Molybdenum iron: The mainstream molybdenum iron quotation ranges from 241000 to 245000 yuan/ton (cash acceptance), with insufficient market demand, limited actual orders, and mostly bearish.
Stainless steel: Currently, there are no obvious signs of peak season for stainless steel, and the performance of raw materials is weak, resulting in insufficient cost support. The pressure of high production capacity and high inventory is obvious, and the contradiction between supply and demand is prominent, which suppresses prices. The price of stainless steel futures continues to decline, and the market is in a downturn. In addition, the leading steel mills have recently lowered their opening prices, further exacerbating the pessimistic attitude of merchants towards the future market.

Zhejiang Benji Stainless Steel Co., Ltd.,