There is a possibility of concentrated release of stainless steel demand during the traditional off-season, but the overall downward trend is difficult to change-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On October 31st, London nickel was $15718, down $99, or 0.63%; The latest continuous price of Shanghai nickel was 122710 yuan, a decrease of 1080 yuan, a decrease of 0.87%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) costs 8500 yuan/50 basis tons. Luoyang molybdenum iron costs 242000 yuan/ton.
2. The latest price of stainless steel 2412 is 13420 yuan, a decrease of 140 yuan, a decrease of 1.03%; The open position is 97874 lots and the trading volume is 44089 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 yuan/ton, and 304 new pipe head edge material costs 9800 yuan/ton.
2) 316 new material, small punch plate at 18800 yuan/ton, industrial sheet pipe at 18500 yuan/ton, 316 shavings plain anhydrous oil at 17400 yuan/ton.
3) 2205 old material costs 18200 yuan/ton, new material costs 18600 yuan/ton; 2507 old material costs 22000 yuan/ton, new material costs 23000 yuan/ton, 2520 old material costs 22200 yuan/ton, and new material costs 24500 yuan/ton.
2、 Wuxi stainless steel coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot rolling series: 15100 yuan/ton for 304/NO. 1; 16000 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: 28600 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 34200 yuan/ton, 5-10mm costs 33400 yuan/ton, 12mm costs 33600 yuan/ton, and 14mm costs 34600 yuan/ton.
2205 hot rolling 25600 yuan/ton
3. Qingshan Hot Rolling: 13200 yuan/ton for 304 material; Dingxin 310S material is priced at 33300 yuan/ton for 3mm, 33400 yuan/ton for 4mm, and 33200 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13500 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 13200 yuan/ton, 316L material costs 23800 yuan/ton, TP321 material costs 16000 yuan/ton, 321 material costs 14800 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 13100 yuan/ton for ￠ 160-260 and 13200 yuan/ton for ￠ 300-360. 316L material costs 23500 yuan/ton for sizes 160-260 and 23600 yuan/ton for sizes 300-360. 24100 yuan/ton for 2205 material ￠ 160-260. 29700 yuan/ton for 2507 material ￠ 160-260. 310S material ￠ 160-260 is priced at 32300 yuan/ton. 【 Zhejiang Friendship New Material Rod 】 310S material ￠ 65-130, priced at 32500 yuan/ton.
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) 18300 yuan/ton for 321H material ￠ 65-130; 20200 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 63000 yuan/ton; 65-130 round steel costs 65000 yuan/ton.
8) NO8926/1.4529 Material: 84000 yuan/ton for ￠ 200-250 round steel, 72500 yuan/ton for ￠ 65-130 round steel,;
9) NO8825 material: ￠ 200-250 round steel 92000 yuan/ton, ￠ 65-130 round steel 93500 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 79000 yuan/ton, and ￠ 65-130 round steel costs 80500 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) 184000 yuan/ton for NO6625 material ￠ 200-250; 65-130 round steel 186000 yuan/ton;
14) 114000 yuan/ton for NO6601 material ￠ 200-250; 116000 yuan/ton for ￠ 65-130.
15) 132000 yuan/ton for NO6600 material ￠ 200-250; 134000 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, priced at 34300 yuan/ton;
18) S31254 material ￠ 65-130 round steel 62000 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) NO3030 material ￠ 200-250, priced at 149000 yuan/ton; 65-130 round steel costs 152000 yuan/ton.
155000 yuan/ton for NO4400 material ￠ 200-250;
22) 141000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 143000 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 yuan/kg;
Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -39.9 yuan/kg;
Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -30.3 yuan/kg;
Stainless steel welded pipe made of 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -19.8 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813 * 4-6 acid washed weighing delivery -32.7 yuan/kg;
Stainless steel welded pipe 32168 material, specification 219-813 * 4-6 acid washed weighing delivery -25.6 yuan/kg.
4、 Statistical data:
According to Mysteel research:
On October 31, 2024, the social inventory of stainless steel in the mainstream market nationwide was 1001085 tons, a decrease of 29844 tons or 2.89% compared to last week. Among them:
The total inventory of cold-rolled stainless steel is 662487 tons, a decrease of 5584 tons or 0.84% compared to last week;
The total inventory of hot-rolled stainless steel is 338598 tons, a decrease of 24260 tons or 6.69% compared to last week;
The total inventory of the 200 series is 182725 tons, a decrease of 6922 tons or 3.65% from last week;
The total inventory of 300 series is 662392 tons, a decrease of 7515 tons or 1.12% compared to last week;
The total inventory of 400 series is 155968 tons, a decrease of 15407 tons or 8.99% compared to last week.
Wuxi inventory is 605087 tons, a decrease of 3735 tons or 0.61% compared to last week;
Foshan inventory is 306338 tons, a decrease of 12909 tons or 4.04% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 89660 tons, a decrease of 13200 tons or 12.83% compared to last week.
5、 Market analysis
In terms of nickel iron, according to customs data statistics, the import volume of nickel iron from January to September 2024 exceeded 6.4 million tons, an increase of over 360000 tons year-on-year, with a growth rate of 6.0%. Among them, Indonesia imported 6.17 million tons of nickel iron, an increase of 529000 tons year-on-year, with a growth rate of 9.4%. However, due to the impact of typhoon weather at the end of October, the shipping volume was disturbed, and the price of nickel pig iron remained firm; The supply of nickel ore is abundant, and the overall quotation of nickel iron has decreased compared to the previous period.
On November 1st, Qingshan lowered the price of stainless steel bars, with a decrease of 200 yuan/ton for 304 and 321 materials and 300 yuan/ton for 316 materials. Anhui Fukai also lowered the price of most of its high nickel alloy stainless steel bars.
As the stainless steel market enters the traditional off-season of demand, the weather will gradually cool down, and downstream procurement operations tend to be less concentrated. Meanwhile, steel mill supply continues to increase, and demand may be released in a concentrated manner this week, but the overall downward trend is difficult to change. The mainstream market for stainless steel inventory has decreased by nearly 30000 tons, maintaining a downward trend. Due to the accumulation of supply-demand contradictions, the market is cautious and has a strong willingness to actively reduce inventory. It is expected that stainless steel will mainly experience oscillation and decline, and the medium to long term will continue to maintain the selling strategy at high prices.

Zhejiang Benji Stainless Steel Co., Ltd.,