Indonesias nickel iron production increased significantly in October, but the short-term space for stainless steel to go up and down is limited-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report:
1. Nickel: On November 15th, London nickel was $15540, down $79, or 0.51%; The latest price of Shanghai Nickel 2501 is 123700 yuan, a decrease of 20 yuan or 0.02%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) 8450 yuan/50 basis tons. Luoyang molybdenum iron is 239500 yuan/ton, down 1000 yuan.
2. The latest price of stainless steel 2501 is 13245 yuan, a decrease of 45 yuan or 0.34%; Position holding 136019 lots, trading volume 95110 lots.
3. Fujian Qingtuo Yongchang Freight Yard Waste Stainless Steel Purchase Price:
1) 304 new material small punch plate costs 9850 yuan/ton, 304 new material large plate tube costs 9700 yuan/ton, and 304 industrial material plate tube costs 9500 yuan/ton;
2) 316 new material, small punch plate 18500 yuan/ton, industrial sheet tube 18200 yuan/ton, 316 shavings plain anhydrous oil 17000 yuan/ton.
3) 2205 old material costs 17800 yuan/ton, new material costs 18000 yuan/ton; 2507 old material costs 21600 yuan/ton, new material costs 22500 yuan/ton, 2520 old material costs 21800 yuan/ton, and new material costs 23500 yuan/ton.
2、 Wuxi stainless steel coil reference price
1. Taiyuan Iron and Steel Hot Rolling Guide Price:
300 hot rolling series: 14800 yuan/ton for 304/NO. 1; 15800 yuan/ton for 321/NO.1; 25400 yuan/ton for 316L/NO.1.
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm) made of 304 material -16700 yuan/ton, 321 material: 19200 yuan/ton, 316L material: 28600 yuan/ton.
2. Dongte Hot Rolling Guide Price:
S30408 material 4-12mm costs 13000 yuan/ton, 14mm costs 13200 yuan/ton; 13400 yuan/ton for 16mm;
S31603 material 4-12mm costs 24000 yuan/ton, 14mm costs 24300 yuan/ton; 16mm at 24500 yuan/ton;
310S hot-rolled flat plate 3 and 4mm costs 33400 yuan/ton, 5-10mm costs 32600 yuan/ton, 12mm costs 32800 yuan/ton, and 14mm costs 33800 yuan/ton.
2205 hot rolling 25100 yuan/ton
3. Qingshan Hot Rolling: 304 material costs 12800 yuan/ton; Dingxin 310S material is priced at 32500 yuan/ton for 3mm, 32600 yuan/ton for 4mm, and 32400 yuan/ton for 5-10mm.
4. Zhangpu guide price: 13200 yuan/ton for 304 material, 15900 yuan/ton for 321 hot rolling; 316L hot rolling costs 24300 yuan/ton.
3、 Reference price for stainless steel tube and rod
1. The November price of Qingshan round steel is ￠ 65-130. S30400 material costs 13100 yuan/ton, 316L material costs 23700 yuan/ton, TP321 material costs 15900 yuan/ton, 321 material costs 14700 yuan/ton, S22053 material costs 24200 yuan/ton, and 310S material costs 32200 yuan/ton.
2. 【 Zhejiang Friendship New Material Continuous Casting Billet 】 The price of 304 material is 12800 yuan/ton for ￠ 160-260 and 12900 yuan/ton for ￠ 300-360. 316L material costs 23400 yuan/ton for ￠ 160-260 and 23500 yuan/ton for ￠ 300-360. 2205 material ￠ 160-360 costs 24000 yuan/ton. 29200 yuan/ton for 2507 material ￠ 160-660. 31700 yuan/ton for 310S material ￠ 160-360. 17200 yuan/ton for 347H ￠ 300-360. 【 Bar 】 310S material ￠ 65-1300 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) 310S material costs 33000 yuan/ton for ￠ 150-300 and 33500 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 34300 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 32300 yuan/ton; German standard 316 material ￠ 65-130 round steel 29500 yuan/ton; 317L ￠ 65-130 round steel, priced at 35700 yuan/ton;
5) 18300 yuan/ton for 321H material ￠ 65-130; 20500 yuan/ton for 347H material ￠ 65-130;
6) NO7718 ￠ 200-250 round steel at 158000 yuan/ton; 65-130 round steel 155000 yuan/ton;
7) NO8810 ￠ 200-250 round steel 63500 yuan/ton; 65504-130 round steel costs 65500 yuan/ton.
8) NO8926/1.4529 Material: 84000 yuan/ton for ￠ 200-250 round steel, 72000 yuan/ton for ￠ 65-130 round steel,;
9) NO8825 material ￠ 200-250 round steel 91000 yuan/ton, ￠ 65-130 round steel 93000 yuan/ton;
10) NO8028 ￠ 200-250 round steel 82000 yuan/ton, ￠ 65-130 round steel 84000 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) 183000 yuan/ton for NO6625 material ￠ 200-250; ￠ 65-130 round steel 185000 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) 204000 yuan/ton for NO10276 ￠ 200-250; 65-130 round steel 210000 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 63500 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 14, 2024, the social inventory of 89 caliber stainless steel warehouses in mainstream markets across the country was 972517 tons, a decrease of 9483 tons or 0.97% compared to last week. Among them:
The total inventory of cold-rolled stainless steel is 623467 tons, a decrease of 21820 tons or 3.38% compared to last week;
The total inventory of hot-rolled stainless steel was 349050 tons, an increase of 12335 tons or 3.66% compared to last week;
The total inventory of the 200 series is 176021 tons, a decrease of 3884 tons or 2.16% from last week;
The total inventory of 300 series is 636505 tons, a decrease of 14863 tons or 2.28% compared to last week;
The total inventory of 400 series is 159991 tons, an increase of 9262 tons or 6.14% compared to last week.
Wuxi inventory 50 warehouse caliber 594889 tons, a decrease of 9658 tons from last week, a decrease of 1.60%;
Foshan inventory is 281706 tons, a decrease of 6592 tons or 2.29% compared to last week;
Zibo, Jieyang, Shenyang, and Xian have inventory of 95920 tons, an increase of 6765 tons or 7.59% compared to last week.
5、 Market analysis
From an upstream perspective, the supply of nickel ore in Indonesia has improved, with a small number of Indonesian iron mills having two months of raw material inventory, while other Indonesian iron mills have sufficient nickel ore for use. In October, Indonesia saw a significant increase in nickel and iron production, and new production lines continue to be under construction. We need to be vigilant about the risk of nickel and iron oversupply. With the loosening of raw material prices, the price support for stainless steel finished products is insufficient.
From the perspective of supply and demand, the production of stainless steel crude steel in November was 3.3582 million tons, an increase of 2.05% month on month. There are not many arrivals in the market this week, and domestic agents are offering discounts to accept orders. The market has seen an increase in low-priced goods, and downstream customers are in urgent need of receiving goods. Under the current situation of weak and stable operation of raw material prices under pressure, the market and social inventory pressure have eased to some extent. In the future, it is still necessary to pay attention to the actual production schedule and arrival situation of steel mills. Due to cost considerations, the short-term space for stainless steel to move up and down is limited. Short term stainless steel prices are expected to remain weak and stable.

Zhejiang Benji Stainless Steel Co., Ltd.,