Trumps return to Wall Street was a joy, and the US dollar was weak, nonferrous metals and stainless steel rose-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report: 1. Nickel: On November 7th, London nickel was priced at $16587, up $460, or 2.85%; The latest price of Shanghai Nickel 2412 is 129870 yuan, an increase of 3910 yuan or 3.10%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8450 yuan/50 basis tons. Luoyang molybdenum iron costs 241000 yuan/ton. 2. The latest price of stainless steel 2501 is 13820 yuan, an increase of 190 yuan, or 1.39%; The holding volume is 80086 lots and the trading volume is 35010 lots. 3. Fujian Qingtuo Yongchang Freight Yard Waste Stainless Steel Purchase Price: 1) 304 new material small punch plate costs 10100 yuan/ton, 304 new material large plate tube costs 9900 yuan/ton, and 304 industrial material plate tube costs 9700 yuan/ton; 2) 316 new material, small punch plate at 18800 yuan/ton, industrial sheet tube at 18400 yuan/ton, 316 shavings plain anhydrous oil at 17400 yuan/ton. 3) 2205 old materials cost 18200-18500 yuan/ton, and new materials cost 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 24000 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; 15900 yuan/ton for 321/NO.1; 25500 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 13300 yuan/ton for 4-12mm and 13500 yuan/ton for 14mm; 13700 yuan/ton for 16mm; S31603 material 4-12mm costs 24200 yuan/ton, 14mm costs 24500 yuan/ton; 16mm at 24700 yuan/ton; 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: 304 material costs 13100 yuan/ton; 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, 16000 yuan/ton for 321 hot rolling; 316L hot rolling costs 24500 yuan/ton. 3、 Reference price for stainless steel tube and rod 1. The November price of Qingshan round steel is between 65-130 yuan. S30400 material costs 13300 yuan/ton, 316L material costs 23900 yuan/ton, TP321 material costs 16100 yuan/ton, 321 material costs 14900 yuan/ton, S22053 material costs 24400 yuan/ton, and 310S material costs 32500 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 November 7, 2024, the social inventory of 78 caliber stainless steel warehouses in the mainstream market nationwide was 924826 tons, a decrease of 23277 tons or 2.46% compared to last week. Among them: The total inventory of cold-rolled stainless steel is 602130 tons, a decrease of 21869 tons or 3.50% compared to last week; The total inventory of hot-rolled stainless steel is 322696 tons, a decrease of 1408 tons or 0.43% compared to last week; The total inventory of the 200 series is 173729 tons, a decrease of 2957 tons or 1.67% compared to last week; The total inventory of 300 series is 616354 tons, a decrease of 13227 tons or 2.12% compared to last week; The total inventory of 400 series is 13473 tons, a decrease of 6993 tons or 4.93% compared to last week. Wuxi inventory is 604547 tons, a decrease of 540 tons or 0.09% compared to last week; Foshan inventory is 288300 tons, a decrease of 18038 tons or 5.89% compared to last week; Zibo, Jieyang, Shenyang, and Xian have inventory of 89155 tons, a decrease of 505 tons or 0.56% compared to last week. 5、 Market analysis The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, continuing to lower borrowing costs in the two days after the election. Many economists are concerned that the election may lead to an increase in inflation. As investors bet on what Donald Trumps return to the White House will mean for the economy and the world, it now looks very likely that the 2017 tax cuts will be extended. However, the proposed expansion of import tariffs, expulsion of immigrants who increase labor market supply, and reduction of income taxes may lead to an increase in national debt, rising prices, and increased market interest. However, most of them will not have an impact until later next year or 2026. Currently, Wall Street is in a state of excitement, with the Dow Jones Industrial Average soaring over 1500 points on Wednesday. Yesterdays closing, apart from copper futures, other basic metals also showed a certain upward trend. International copper rose 2.30% at night, Shanghai copper rose 2.12%, Shanghai aluminum rose 2.48%, Shanghai zinc rose 1.51%, Shanghai lead rose 0.21%, Shanghai nickel rose 3.10%, and Shanghai tin rose 1.23%. Aluminum oxide closed up 2.47% at night. Stainless steel closed up 1.67% at night. This indicates that the global metal market is generally showing a strong trend driven by macroeconomic events. Behind this rise, the impact of global political and economic events is crucial, especially the changes in market expectations brought about by the US election and the meeting of the Standing Committee of the National Peoples Congress of China.

Zhejiang Benji Stainless Steel Co., Ltd.,