The prices of 316L and 2205 have risen successively, and the demand for molybdenum-based stainless steel has grown steadily in the medium and long term.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On May 23rd, the closing price of nickel in London was $15,594, up by $100 or 0.65%; The latest price of Shanghai Nickel 2507 is 122,770 yuan, down by 0.21% in 260 yuan. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7850 yuan /50 basis tons. Luoyang ferromolybdenum 238600 yuan/ton, up 3500 yuan. 2. The latest price of stainless steel 2506 is 12,915 yuan, up by 35 yuan, or 0.27%; The position was 101,133 lots and the turnover was 59,972 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 10,000 yuan/ton, 304 new punching plate and thick plate tube: 9,900 yuan/ton, 304 industrial material and plate tube: 9,700 yuan/ton, and 304 oil punch: 9,500 yuan/ton; 2), 316 new material, laser plate, edge wire 18100, 316 industrial material, plate tube 17800; 3), 2205 black material 16800, white material 17900; 2507 black material 18800, white material 20600; 2520 black material 21200, white material 22800. 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: 15,300 yuan/ton for 304/NO.1; 15,800 yuan/ton of 321/ NO.1; 25,300 yuan/ton for 316L/NO.1 Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,700 yuan/ton, 321 material 18,800 yuan/ton, 316L material 28,000 yuan/ton. 2. Guide price of Dongte hot rolling: S30408: 12,950 yuan/ton for 4-12mm and 12,950 yuan/ton for 14mm; 12,950 yuan/ton for 16mm; S31603 23,350 yuan/ton made of 4-12mm and 23,350 yuan/ton made of 14mm; 16mm 23350 yuan/ton; 32550 yuan/ton for 3mm, 32250 yuan/ton for 4-12mm and 32950 yuan/ton for 14mm hot rolled flat plate. 2205 hot rolling 24300 yuan/ton 3. Qingshan hot rolling: 304 material is 12,700 yuan/ton; Dingxin 310S is made of 32,300 yuan/ton of 3mm and 32,000 yuan/ton of 4-10mm. 4. Zhang Pu guide price: 13,100 yuan/ton for 304 material and 15,700 yuan/ton for 321 hot rolling; 316L hot rolling 23700 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [The price of Qingshan round steel is 65-130 in April] S30400 material is 12,600 yuan/ton, 316L material is 22,600 yuan/ton, TP321 material is 15,400 yuan/ton, 321 material is 14,200 yuan/ton, and S22053 material is 22,900 yuan/ton, 310S s. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 16,800 yuan/ton of 347H material (160-360); 2) 22,700 yuan/ton for 2205, 160-360 and 22,900 yuan/ton for 65-105; 3) 28180 yuan/ton for 2507 material ￠160-360 and 29500 yuan/ton for 65-105; 4) 31,180 yuan/ton of 32,760 material (160-360) 5) 31000 yuan/ton for 310S material ￠160-360 and 31400 yuan/ton for 65-130. 6) 58,000 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 Sales 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 30200 yuan/ton; 65-130 round steel is 33,000 yuan/ton. S32760(F55) material ￠65-130 round steel 37000 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 174,000 yuan/ton; 65-130 round steel 175,000 yuan/ton; 7), No.8810 ~ 200-250 round steel 66500 yuan/ton; 65-130 round steel 67500 yuan/ton. 8), NO8926/1.4529 material ￠200-250 round steel 88000 yuan/ton, ￠65-130 round steel 76000 yuan/ton; 9) NO8825 material: 94,000 yuan/ton for 200-250 round steel and 97,000 yuan/ton for 65-130 round steel; 10), No.8028 ~ 200-250 round steel 84000 yuan/ton, ~ 65-130 round steel 85000 yuan/ton; 11), No.8120 ~ 200-250 round steel 86000 yuan/ton, ~ 65-130 round steel 85000 yuan/ton; 12), 630 material (17-4)￠150-300 round steel 15900 yuan/ton, ￠65-130 round steel 15900 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) 190,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 185,000 yuan/ton; 14) 117,000 yuan/ton of NO6601 material (200-250); 118,000 yuan/ton for 65-130. 15) 132,000 yuan/ton of NO6600 material (200-250); 134,000 yuan/ton for 65-130. 16) 203,000 yuan/ton of NO10276￠200-250-250; 65-130 round steel 205,000 yuan/ton; 17), XM-19 ~ 65-130 round steel 34300 yuan/ton; 18), S31254 material-65-130 round steel 61000 yuan/ton. 19), 904L material ￠65-130 round steel 62000 yuan/ton. 20), XM-19 material ￠65-130 round steel 34300 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 18600 yuan/ton. 21) 159,000 yuan/ton of NO3030 material (200-250); 65-130 round steel 161000 yuan/ton. 155,000 yuan/ton of NO4400 material ~ 200-250; 22) 147,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 146,000 yuan/ton. 23), 1.4460 material ￠65-130 round steel 23800 yuan/ton. 5. 【 Zhejiang Benji Pipe Reference Price 】 Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25.2 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-38 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.3 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.4 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-31.8 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25.1 yuan /kg. Fourth, statistical data: According to Mysteel research: On May 22nd, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,117,668 tons, an increase of 9,418 tons over last week, with an increase of 0.85%, of which: The total inventory of cold-rolled stainless steel was 638,947 tons, a decrease of 36,435 tons or 5.39% compared with last week. The total inventory of hot-rolled stainless steel was 478,721 tons, an increase of 45,853 tons or 10.59% over last week. The total inventory of 200 series is 196,577 tons, which is 2,598 tons less than last week, a decrease of 1.30%; The total inventory of 300 series is 693,000 tons, a decrease of 24,517 tons or 3.42% compared with last week; The total inventory of 400 series is 228,091 tons, an increase of 36,533 tons or 19.07% over last week. The caliber inventory of Wuxi 50 warehouse is 590,129 tons, which is 41,196 tons less than last week, a decrease of 6.53%; The caliber inventory of Foshan 28 warehouse is 374,259 tons, an increase of 3,514 tons over last week, with an increase of 0.95%; 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have 153,280 tons, an increase of 47,100 tons or 44.36% over last week. V. Market analysis According to related reports from Mysteel, ferromolybdenum continued to rise by 3,500 yuan. This week, the stainless steel futures were weak, which dragged down the spot market sentiment. Although some steel mills held up prices, the market turnover was weak, and the price of 304 was slightly lowered, but the prices of 316L and 2205 stainless steel rose one after another, rising for three days in a row, with a cumulative increase of as high as 400 yuan/ton. Since May, the cumulative increase has reached 550-600 yuan/ton. Molybdenum stainless steel is used in pipelines, storage tanks, reaction vessels, seawater desalination equipment, shipbuilding, nuclear power and new energy, etc., benefiting from the acceleration of global energy, nuclear power construction, petrochemical and infrastructure investment, etc., the demand for molybdenum stainless steel is growing rapidly. The domestic production of molybdenum stainless steel is increasing year by year, with obvious increase. According to the statistics of Mysteel, the domestic stainless steel 316/316L output in 2024 was about 1,416,900 tons, an increase of 230,800 tons, or 19.46%. The output of dual-phase steel is about 569,000 tons, an increase of 133,700 tons, or 30.71%. From January to April, 2025, the domestic stainless steel 316/316L output was about 443,800 tons, an increase of 17,100 tons, or 4%. The output of dual-phase steel is about 207,300 tons, an increase of 30,000 tons, or 17%. On the whole, the price increases of 316L and 2205 this week are mostly due to the cost-driven increase, and the demand performance has not improved. After the price continues to rise, the downstream fear of heights is stronger and more cautious. However, based on energy transformation, chemical investment and offshore engineering, the demand for molybdenum-based stainless steel has grown steadily in the medium and long term.

Zhejiang Benji Stainless Steel Co., Ltd.,