The overall supply of nickel ore in Indonesia is still tight, and the Qingshan system has accounted for 30% of the global stainless steel production.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On June 3, the closing price of nickel in London was $15,438, down $99, or 0.64%; The latest price of Shanghai Nickel 2507 is 121,930 yuan, up by 370 yuan, or 0.30%; Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7850 yuan /50 basis tons. Luoyang ferromolybdenum 244100 yuan/ton. 2. The latest price of stainless steel 2508 is 12,690 yuan, up by 10 yuan, or 0.08%; The position was 114,511 lots and the turnover was 22,843 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9800 yuan/ton, 304 new punching plate and thick plate tube: 9600 yuan/ton, 304 industrial material and plate tube: 9300 yuan/ton, and 304 oil punch: 9300 yuan/ton; 2), 316 new material, laser plate, edge wire 18100, 316 industrial material, plate tube 17800; 3), 2205 black material 17000, 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; 25,400 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 12,850 yuan/ton made of 4-12mm and 12,850 yuan/ton made of 14mm; 12,850 yuan/ton for 16mm; S31603 23,550 yuan/ton made of 4-12mm and 23,550 yuan/ton made of 14mm; 16mm 23550 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 24500 yuan/ton 3. Qingshan hot rolling: 304 material is 12,500 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: 12,900 yuan/ton for 304 material and 15,700 yuan/ton for 321 hot rolling; 316L hot rolling 24000 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 12,500 yuan/ton, 316L material is 23,000 yuan/ton, TP321 material is 15,200 yuan/ton, 321 material is 14,000 yuan/ton, and S22053 material is 23,500 yuan/ton, 310S s. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 16,800 yuan/ton of 347H material (160-360); 2) 23,300 yuan/ton for 2205 material ￠160-360 and 23,300 yuan/ton for 65-105 (negotiable); 3) 28,600 yuan/ton for 2507 material (160-360) and 30,000 yuan/ton for 65-105; 4) 31,600 yuan/ton of 32,760 material (160-360) 5) 30,900 yuan/ton for 310S material ￠160-360, and 31,400 yuan/ton for 65-130. 6) 58,000 yuan/ton (negotiable) for 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 is 27,000 yuan/ton (by negotiation); 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) 15,100 yuan/ton for 304 round steel (150-300) and 16,000 yuan/ton for 65-130; 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-38.3 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-32 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 29th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,099,629 tons, which was 18,039 tons less than last week, with a decrease of 1.61%, including: The total inventory of cold-rolled stainless steel was 617,760 tons, a decrease of 21,187 tons or 3.32% compared with last week. The total inventory of hot-rolled stainless steel was 481,869 tons, an increase of 3,148 tons or 0.66% over last week. The total inventory of 200 series is 187,955 tons, which is 8,622 tons less than last week, with a decrease of 4.39%. The total inventory of 300 series is 669,120 tons, a decrease of 23,880 tons or 3.45% compared with last week; The total inventory of 400 series is 242,554 tons, an increase of 14,463 tons or 6.34% over last week. The caliber inventory of Wuxi 50 warehouse is 583,628 tons, which is 6,501 tons less than last week, a decrease of 1.10%; The caliber inventory of Foshan 28 warehouse is 351,171 tons, which is 23,088 tons less than last week, a decrease of 6.17%; 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 164,830 tons, an increase of 11,550 tons or 7.54% over last week. V. Market analysis On June 4th, the price of ferromolybdenum continued to be firm, with an offer of RMB 243,000-247,000. According to SMM news, the overall supply of nickel ore in Indonesia is still tight, which leads to the price of nickel ore continuing to rise and transferred to downstream enterprises. In addition, Indonesias new tariff policy may lead to an increase in the price of local nickel products. Precursor manufacturers have sufficient stocks of raw materials, and their purchasing enthusiasm is not high. At the same time, nickel salt enterprises are expected to reduce production, which leads to a moderate increase in nickel salt prices. The demand for stainless steel is flat, and the price is mainly shock finishing. From the fundamental point of view, the nickel market is intertwined with long and short factors, and the nickel price may follow the colored plate in the short term, showing a strong shock trend. In Asia, steel mills continued to increase production, which aggravated the oversupply. The output of finished stainless steel in India increased by 13% to 3.7 million tons from April 2023 to March 2024, but the import of scrap steel decreased slightly by 1~2% to about 1.3 million tons. In the current uncertain environment, steel mills are cautious, and import decisions are linked to existing orders rather than hoarding inventory. In the Middle East, prices are on the rise due to rising inflation of raw materials, supply chain problems and rising energy costs. Marcus Moore, managing director of SMR GmbH in Austria, started with his signature high-energy speech, describing what he called "a rather grim picture for Europe". Twenty-five years ago, Europe accounted for about 40% of global stainless steel production, but now this proportion has fallen to less than 10%. With China and Indonesia becoming increasingly dominant, he warned: "We are facing the real risk of the loss of supply chain in Europe-if the upstream dies, the downstream will also die." In addition, he predicted that the global crude stainless steel production will increase by 4% this year, with the weakest performance in Europe, while Indonesia and China are expected to increase by 20% and 3% respectively. Qingshan Group currently accounts for 30% of the global stainless steel production, and the proportion of austenitic stainless steel has risen to 40%. He added: "Except China, the global stainless steel inventory level is generally low." He warned about the risks that imports pose to European manufacturing in the future: "Some products, such as heat exchangers and some high value-added products, must be produced profitably in Europe," he said. "Our market continues to shrink. If nothing is done, our market size may be only half of what it is now in 10 years." He also predicted that in the next 5 to 10 years, China will make a significant leap in the field of high-temperature alloys for jet engines. In addition, he also pointed out that the United States is a net importer of nickel alloy waste, so it is unlikely to impose tariffs on it.

Zhejiang Benji Stainless Steel Co., Ltd.,