The supply of nickel ore in Indonesia remains tight, and the traditional peak season of Jinsan stainless steel has not been fulfilled.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report:
1. Nickel: On March 25th, the latest price of nickel in London was $16,082, up by $25 or 0.16%; The latest price of Shanghai Nickel 2505 is 128,830 yuan, down by 0.50% in 650 yuan. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7800 yuan /50 basis tons. Luoyang ferromolybdenum was 215,300 yuan/ton, up by 1000 yuan.
2. The latest price of stainless steel 2505 is 13,375 yuan, up by 20 yuan, or 0.15%; The position was 140,914 lots and the turnover was 144,158 lots.
3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton):
1) 304 new material and laser plate: 10,020 yuan/ton, 304 new punching plate and thick plate tube: 10,100,304 industrial material and plate tube: 9700,304 oil punching core suspended;
2), 316 new material, laser plate, edge wire 18000, 316 industrial material, plate tube 17800;
3), 2205 old material 17200, new material 17800; 2507 old material 19500, new material 21000; 2520 old material 21000, new material 23300.
Delivery place: A113, No.15 Road, Binhai No.1 Road, Longwan District, Wenzhou City (including tax invoicing and additional tax points)
Second, Wuxi stainless steel coil reference price
1, TISCO hot rolling guide price:
300 hot rolling series: 15,400 yuan/ton for 304/NO.1; 15,800 yuan/ton of 321/ NO.1; 24,900 yuan/ton for 316L/NO.1
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,900 yuan/ton, 321 material 19,000 yuan/ton, 316L material 28,300 yuan/ton.
2. Guide price of Dongte hot rolling:
S30408 13,300 yuan/ton made of 4-12mm and 13,300 yuan/ton made of 14mm; 13,300 yuan/ton for 16mm;
S31603 23,400 yuan/ton made of 4-12mm and 23,400 yuan/ton made of 14mm; 16mm 23400 yuan/ton;
310S hot rolled flat plate is 33,000 yuan/ton for 3 and 4mm, 32,200 yuan/ton for 5-10mm, 32,400 yuan/ton for 12mm and 33,400 yuan/ton for 14 mm.
2205 hot rolling 24500 yuan/ton
3. Qingshan Hot Rolling: 304 material is 13,100 yuan/ton; Dingxin 310S is made of 32,200 yuan/ton of 3mm, 32,300 yuan/ton of 4mm and 32,100 yuan/ton of 5mm.
4. Zhang Pu guide price: 13,400 yuan/ton for 304 material and 15,800 yuan/ton for 321 hot rolling; 316L hot rolling 23700 yuan/ton.
III. Reference price of stainless steel tubes and rods
1. [March price of Qingshan round steel-65-130] S30400 material is 13,030 yuan/ton, 316L material is 22,700 yuan, TP321 material is 15,830 yuan/ton, 321 material is 14,630 yuan/ton, and S22053 material is 23,200 yuan/ton, 310S s.
2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】
1) 17,000 yuan/ton of 347H material (160-360);
2) 23,000 yuan/ton for 2205, 160-360 and 23,600 yuan/ton for 65-105;
3) 28,400 yuan/ton for 2507, 160-360 and 30,200 yuan/ton for 65-105;
4) 31,400 yuan/ton of 32,760 material (160-360)
5) 31800 yuan/ton for 310S material ￠160-360 and 31300 yuan/ton for 65-130.
6) 57,600 yuan/ton of 904L material (160-360).
3. 【 Yongxing Bar 65-130 】 The material of 304 is 16,000 yuan/ton, the material of TP321 is 18,400 yuan/ton, the material of 316L is 27,000 yuan/ton, the material of 316LGB is 29,800 yuan/ton, and the material of S22053 is 28,500 yuan/ton.
4. [Fukai Market Price]:
1), 2205(F60) material ￠150-300 round steel 24600 yuan/ton (discussion); 65-130 round steel 24,800 yuan/ton (by electricity);
2) 32,500 yuan/ton for 310S material (150-300) and 33,500 yuan/ton for 65-130; 26,000 yuan/ton of 309S material ~ 65-130;
3), S32750(F53) material ￠150-300 round steel 30500 yuan/ton; 65-130 round steel 33300 yuan/ton. S32760(F55) material ￠65-130 round steel 37500 yuan/ton.
4), 316l ~ 65-130 round steel 25,200 yuan/ton (by electricity); 316ti ~ 65-130 round steel 28,100 yuan/ton; National standard 316l ~ 65-130 round steel 31500 yuan/ton; German standard 316 material-65-130 round steel 28,700 yuan/ton; 317L ~ 65-130 round steel 34700 yuan/ton;
5) 18,000 yuan/ton of 321H material (65-130); 20200 yuan/ton of 347H material ~ 65-130;
6) No.7718 ~ 200-250 round steel 182,000 yuan/ton; 65-130 round steel 183,000 yuan/ton;
7), No.8810 ~ 200-250 round steel 70500 yuan/ton; 65-130 round steel 72500 yuan/ton.
8), NO8926/1.4529 material ￠200-250 round steel 92000 yuan/ton, ￠65-130 round steel 80000 yuan/ton;
9) NO8825 material: 99,000 yuan/ton for 200-250 round steel and 102,000 yuan/ton for 65-130 round steel;
10), No.8028 ~ 200-250 round steel 89000 yuan/ton, ~ 65-130 round steel 90000 yuan/ton;
11), No.8120 ~ 200-250 round steel 88000 yuan/ton, ~ 65 ~ 130 round steel 90000 yuan/ton;
12), 630 material (17-4), 150-300 round steel 16100 yuan/ton, 65-130 round steel 16100 yuan/ton; 631 material (17-7)-65-130 round steel 19,000 yuan/ton; 632 material (15-7mo) ~ 65-130 round steel 29,300 yuan/ton;
13) 195,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 197,000 yuan/ton;
14) 123,000 yuan/ton of NO6601 material (200-250); 125,000 yuan/ton for 65-130.
15) 142,000 yuan/ton of NO6600 material (200-250); 144,000 yuan/ton for 65-130.
16) 213,000 yuan/ton for NO10276￠200-250-250; 65-130 round steel 216,000 yuan/ton;
17), XM-19 ~ 65-130 round steel 34300 yuan/ton;
18), S31254 material-65-130 round steel 63000 yuan/ton.
19), 904L material ￠65-130 round steel 64000 yuan/ton.
20), XM-19 material ￠65-130 round steel 35300 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 18600 yuan/ton.
21) 163,000 yuan/ton of NO3030 material (200-250); 65-130 round steel 165,000 yuan/ton.
155,000 yuan/ton of NO4400 material ~ 200-250;
22) 152,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 154,000 yuan/ton.
23), 1.4460 material ￠65-130 round steel 23800 yuan/ton.
24) The material of Wuxi Puheng forging round 304L is 14,200 yuan/ton for 140-250 and 15,500 yuan/ton for 260-400; 24,700 yuan/ton for 316L material (140-250) and 24,900 yuan/ton for 260-400.
5. 【 Zhejiang Benji Pipe Reference Price 】
Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25.6 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-37.9 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.7 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.7 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-32.2 yuan/kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25.3 yuan /kg.
Fourth, statistical data:
According to Mysteel research:
On March 20th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,121,521 tons, which was 5,442 tons less than last week, with a decrease of 0.48%, including:
The total inventory of cold-rolled stainless steel is 717,238 tons, which is 5,467 tons less than last week, a decrease of 0.76%;
The total inventory of hot-rolled stainless steel is 404,283 tons, an increase of 25 tons or 0.01% over last week.
The total inventory of 200 series is 174,656 tons, a decrease of 7,360 tons or 4.04% compared with last week;
The total inventory of 300 series is 757,812 tons, which is 1,248 tons less than last week, a decrease of 0.16%;
The total inventory of 400 series is 189,053 tons, an increase of 3,166 tons or 1.70% over last week.
The caliber inventory of Wuxi 50 warehouse is 682,101 tons, which is 2013 tons less than last week, a decrease of 0.29%;
The caliber inventory of Foshan 28 warehouse is 334,603 tons, which is 10,771 tons less than last week, with a decrease of 3.12%.
11 warehouses in Zibo, Jieyang, Shenyang and Xi an have 104,817 tons, an increase of 7,342 tons or 7.53% over last week.

V. Market analysis
In the news, the Indonesian Nickel Miners Association said that it is unrealistic to raise the policy of nickel industry royalty (PNBP) and it will squeeze the profits of refining enterprises, while the Indonesian Ministry of Energy and Mines said that the policy will not affect the profits of enterprises, and new rules may be issued before the end of Ramadan (March 31). Since the market has already traded the policy expectation before, if the policy falls, the impact on nickel prices may mainly lie in the upward movement of costs. In March, the rainy season of Ramadan in Indonesia was not completed, the supply of nickel ore in Indonesia remained tight, and the price of nickel ore in Indonesia continued to rise slightly.
In terms of ferronickel, the transaction price of ferronickel recently rose to 1030 yuan/nickel level, and the cost support of stainless steel was strong. According to the data of Steel Union, the cash cost of outsourcing high-nickel iron to produce 304 cold-rolled stainless steel is 13,665 yuan/ton. In terms of supply and demand, the national stainless steel scheduling was at an absolute high level in March. In the short term, steel mills did not receive much goods, and the downstream just needed to purchase cautiously. The traditional peak season of stainless steel in March was not fulfilled, and the high warehouse receipt inventory put pressure on prices. On the whole, the strong raw material price makes the cost support move up, but the high warehouse receipt inventory and weak demand put pressure on the price, and the Indonesian policy may be repeatedly disturbed, and the short-term stainless steel price may fluctuate in the range of 13,000-13,700 yuan/ton.

Zhejiang Benji Stainless Steel Co., Ltd.,