Indonesia controls nickel ore production, with strong molybdenum iron and rising molybdenum containing stainless steel bars-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report: 1. Nickel: On October 18th, London nickel was $16897, down $108, or 0.64%; The latest continuous price of Shanghai nickel is 129650 yuan, up 410 yuan, an increase of 0.32%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) is priced at 8550 yuan/50 basis tons. Luoyang molybdenum iron costs 243000 yuan/ton. 2. The latest price of stainless steel 2412 is 13840 yuan, an increase of 70 yuan, or 0.51%; The open position is 152291 lots and the trading volume is 94866 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 10200-10350 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) 18600-18800 yuan/ton. 3) 2205 whiteboard, thick tube, round steel 18300-18500 yuan/ton, 2507 whiteboard, thick tube, round steel 22200-22800 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: 15400 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: 13600 yuan/ton for 4-12mm, 13800 yuan/ton for 14mm; 14000 yuan/ton for 16mm; S31603 material 4-12mm costs 24500 yuan/ton, 14mm costs 24800 yuan/ton; 25000 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: 304 material priced at 13400 yuan/ton; 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 24800 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 24100 yuan/ton, TP321 material costs 16200 yuan/ton, 321 material costs 15000 yuan/ton, S22053 material costs 24600 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) 33500 yuan/ton for 310S material ￠ 150-300, 34000 yuan/ton for ￠ 65-130; 26500 yuan/ton for 309S material ￠ 65-130; 3) S32750 (F53) material ￠ 150-300 round steel 31500 yuan/ton; 65-130 round steel costs 34200 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 29200 yuan/ton; National standard 316L ￠ 65-130 round steel 32000 yuan/ton; German standard 316 material ￠ 65-130 round steel 29500 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 at 158000 yuan/ton; ￠ 65-130 round steel 160000 yuan/ton; 7) NO8810 ￠ 200-250 round steel costs 65000 yuan/ton; 65-130 round steel priced at 67000 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 93000 yuan/ton, ￠ 65-130 round steel 96500 yuan/ton; 10) NO8028 ￠ 200-250 round steel 83000 yuan/ton, ￠ 65-130 round steel 85000 yuan/ton; 11) NO8120 ￠ 200-250 round steel 81000 yuan/ton, ￠ 65-130 round steel 79000 yuan/ton; 12) 630 material (17-4) ￠ 150-300 round steel 16000 yuan/ton, ￠ 65-130 round steel 16100 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) NO6625 material ￠ 200-250, priced at 187000 yuan/ton; 65-130 round steel 191000 yuan/ton; 14) 119000 yuan/ton for NO6601 material ￠ 200-250; 121000 yuan/ton for ￠ 65-130. 15) 138000 yuan/ton for NO6600 material ￠ 200-250; 141000 yuan/ton for ￠ 65-130. 16) 210000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel at 216000 yuan/ton; 17) XM-19 ￠ 65-130 round steel, priced at 34300 yuan/ton; 18) S31254 material ￠ 65-130 round steel 62500 yuan/ton. 19) 904L material ￠ 65-130 round steel 62500 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) 155000 yuan/ton for NO3030 material ￠ 200-250; 65-130 round steel priced at 159000 yuan/ton. 155000 yuan/ton for NO4400 material ￠ 200-250; 22) 145000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 148000 yuan/ton. 23) 1.4460 material ￠ 65-130 round steel 23500 yuan/ton. 24) Wuxi Puheng forged round 304L material costs 15400 yuan/ton for ￠ 140-250 and 16300 yuan/ton for ￠ 260-400; 316L material costs 25700 yuan/ton for sizes 140-250 and 25900 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 -40.2 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 October 17, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1019459 tons, an increase of 9015 tons or 0.89% compared to the previous week. Among them: The total inventory of cold-rolled stainless steel was 674040 tons, an increase of 9308 tons or 1.40% compared to last week; The total inventory of hot-rolled stainless steel is 345419 tons, a decrease of 293 tons or 0.08% compared to last week; The total inventory of the 200 series is 189757 tons, a decrease of 4658 tons or 2.40% from last week; The total inventory of 300 series is 669396 tons, an increase of 18523 tons or 2.85% compared to last week; The total inventory of 400 series is 160306 tons, a decrease of 4850 tons or 2.94% compared to last week. Wuxi inventory is 621272 tons, an increase of 13568 tons or 2.23% compared to last week; Foshan inventory is 306947 tons, a decrease of 3303 tons or 1.08% compared to last week; Zibo, Jieyang, Shenyang, and Xian have inventory of 91240 tons, a decrease of 1250 tons from last week, with an increase of 1.35%. 5、 Market analysis An Indonesian minister stated that the country is managing the quantity of nickel ore produced by its miners to balance supply and demand. At a media briefing held in Jakarta on Friday, Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said, "We need to maintain a balance between supply and demand." "If demand is low and supply is sufficient, prices will fall." Indonesias nickel smelters account for more than half of the worlds nickel production, and due to government licensing issues, the countrys nickel smelters are facing a shortage of ore, which has pushed up the premium that must be paid to obtain this raw material. This has forced many countries to import record amounts of ore from neighboring Philippines. However, the benchmark nickel price on the London Metal Exchange (LME) is still struggling to rebound significantly from its multi-year low in early 2024 due to weak demand in stainless steel, the largest market for nickel. With the global price increase, the quotes from Indian manufacturers have also increased. The price of ferromolybdenum in India has slightly increased by 21000 Indian rupees per ton (equivalent to 250 US dollars per ton). With the global price increase, especially in China, the price of molybdenum iron in India has shown signs of an upward trend. The price of molybdenum iron in the Chinese market slightly increased by 2000 yuan/ton (281 US dollars/ton) on a weekly basis, and the price of 60 molybdenum iron produced in Inner Mongolia was 243500 yuan/ton (34237 US dollars/ton). Most steel mills quote between 242000-245000 yuan/ton (34026-34448 US dollars/ton). Stainless steel plant production remains at a high level, and although downstream replenishment has improved recently, the extent is limited. Social inventory has accumulated slightly, and the strengthening of nickel iron prices has supported stainless steel futures prices. However, social inventory has turned into a small accumulation, coupled with the release of Indonesian nickel ore quotas, it is expected that nickel based stainless steel prices will be under short-term pressure. But 316L, 317L, 2205, 2507 and other molybdenum containing stainless steels, due to the strong rise in molybdenum prices last week, are still at a high level, and prices have actually risen. Today, Qingshan raised the price of 316L stainless steel bars by 300 yuan/ton.

Zhejiang Benji Stainless Steel Co., Ltd.,