China stimulates stainless steel to have a good start after the holiday, but there is no increase in demand for physical orders-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report: 1. Nickel: On October 8th, London nickel was priced at $17776, down $276, or 1.53%; The latest continuous price of Shanghai nickel was 134340 yuan, a decrease of 1130 yuan, a decrease of 0.83%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8600 yuan/50 basis tons. Luoyang molybdenum iron costs 237500 yuan/ton. 2. The latest price of stainless steel 2412 is 13975 yuan, a decrease of 160 yuan, a decrease of 1.13%; The open position is 107696 lots and the trading volume is 35688 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 10200-10300 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) 18300-18600 yuan/ton. 3) 2205 whiteboard, thick tube, round steel 18100-18300 yuan/ton, 2507 whiteboard, thick tube, round steel 22000-22500 yuan/ton, 2520 white material, tube plate, round steel 22500-24500 yuan/ton. 2、 Wuxi stainless steel coil reference price 1. Taiyuan Iron and Steel Hot Rolling Guide Price: 300 hot rolling series: 15500 yuan/ton for 304/NO. 1; 16200 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 -16900 yuan/ton, 321 material: 19300 yuan/ton, 316L material: 28800 yuan/ton. 2. Dongte Hot Rolling Guide Price: S30408 material costs 13700 yuan/ton for 4-12mm and 13900 yuan/ton for 14mm; 14100 yuan/ton for 16mm; S31603 material 4-12mm costs 24400 yuan/ton, 14mm costs 24700 yuan/ton; 24900 yuan/ton for 16mm; 310S hot-rolled flat plate 3 and 4mm costs 34400 yuan/ton, 5-10mm costs 33600 yuan/ton, 12mm costs 33800 yuan/ton, and 14mm costs 34800 yuan/ton. 2205 hot rolling 25800 yuan/ton 3. Qingshan Hot Rolling: 13600 yuan/ton for 304 material; Dingxin 310S material is priced at 33600 yuan/ton for 3mm, 33700 yuan/ton for 4mm, and 33500 yuan/ton for 5-10mm. 4. Zhangpu guide price: 13800 yuan/ton for 304 material, 16200 yuan/ton for 321 hot rolling; 316L hot rolling costs 24700 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 13400 yuan/ton, 316L material costs 24200 yuan/ton (sealed plate), TP321 material costs 16200 yuan/ton, 321 material costs 15000 yuan/ton, S22053 material costs 24100 yuan/ton, and 310S material costs 32800 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 23300 yuan/ton for ￠ 160-260 and 23400 yuan/ton for ￠ 300-360. 2205 material ￠ 160-260 costs 24000 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, 33500 yuan/ton for ￠ 65-130; 26100 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 28000 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 35500 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 154000 yuan/ton; 65-130 round steel 157000 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 88000 yuan/ton, ￠ 65-130 round steel 91000 yuan/ton; 10) NO8028 ￠ 200-250 round steel costs 80000 yuan/ton, and ￠ 65-130 round steel costs 82000 yuan/ton; 11) NO8120 ￠ 200-250 round steel costs 77000 yuan/ton, and ￠ 65-130 round steel costs 79000 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 184000 yuan/ton; 14) 112000 yuan/ton for NO6601 material ￠ 200-250; 115000 yuan/ton for ￠ 65-130. 15) 130000 yuan/ton for NO6600 material ￠ 200-250; 132000 yuan/ton for ￠ 65-130. 16) 205000 yuan/ton for NO10276 ￠ 200-250; ￠ 65-130 round steel 211000 yuan/ton; 17) XM-19 ￠ 65-130 round steel, priced at 34300 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 -39.8 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 -20.1 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 -25.4 yuan/kg. 4、 Statistical data: According to Mysteel research: On September 26, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1014982 tons, a decrease of 16342 tons or 1.58% compared to last week. Among them: The total inventory of cold-rolled stainless steel is 659564 tons, a decrease of 13474 tons or 2.00% compared to last week; The total inventory of hot-rolled stainless steel is 355418 tons, a decrease of 2868 tons or 0.80% compared to last week; The total inventory of the 200 series was 199864 tons, an increase of 724 tons or 0.36% compared to last week; The total inventory of 300 series is 643514 tons, a decrease of 12807 tons or 1.95% compared to last week; The total inventory of 400 series is 171604 tons, a decrease of 4259 tons or 2.42% compared to last week. Wuxi inventory is 591808 tons, a decrease of 9531 tons or 1.58% compared to last week; Foshan inventory is 317924 tons, a decrease of 11021 tons or 3.35% compared to last week; Zibo, Jieyang, Shenyang, and Xian have inventory of 105250 tons, an increase of 4210 tons or 4.17% compared to last week. 5、 Market analysis The global non-ferrous metal market has shown a significant rebound, with London copper and zinc futures prices both rising to four month highs, and nickel and stainless steel also recording rare increases in the past six months. On the first day after the short holiday, both volume and price saw a good start, with high external sentiment and a strong desire to move within the market, leading to significant adjustments. The main reason is supported by a series of stimulus policies in China, especially the policy signals released by China, the worlds largest metal consumer, which have triggered strong market reactions. Although the current market demand has improved, the uncertainty of global economic growth and geopolitical situation still pose long-term pressure on the non-ferrous metal market, and the uncertainty of demand prospects still exists, with limited room for price increases. In the domestic market, it is quite awkward that the perception of policy stimulus by the real economy and the recovery of order demand growth have not appeared, which appears completely different and still appears very helpless. In the coming days, the market will continue to pay attention to global economic data, especially manufacturing data from China and the United States. If the data continues to be weak, it may create new pressure on the prices of non-ferrous metals. In this context, it is recommended that investors closely monitor changes in price trends and adjust their trading strategies in a timely manner based on changes in market sentiment.

Zhejiang Benji Stainless Steel Co., Ltd.,