The United States asked Indonesia to lift its export restrictions on nickel, and the supply of molybdenum oxide continued to be in short supply.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report:
1. Nickel: On July 21st, the closing price of nickel in London was $15,320, down $145, or 0.94%; The latest price of Shanghai Nickel 2509 is 121,430 yuan, down 2,040 yuan or 1.68%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7600 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 258,100 yuan/ton, up 5,000 yuan.
2. The latest price of stainless steel 2509 is 12,785 yuan, down by 1.16% in 150 yuan; The position was 121,149 lots and the turnover was 257,038 lots.
3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton):
1) 304 new material and laser plate: 9650 yuan/ton, 304 new punching plate and thick plate tube: 9550 yuan/ton, 304 industrial material and plate tube: 9200 yuan/ton, and 304 oil punch: 9200 yuan/ton;
2), 316 new material, laser plate, edge wire 18200, 316 industrial material, plate short and thick tube 17900;
3), 2205 black material 17200, white material 18000; 2507 black material 18800, white material 20500; 2520 black material 21000, white material 23000.
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: 14,950 yuan/ton for 304/NO.1; 15,300 yuan/ton of 321/ NO.1; 25,500 yuan/ton for 316L/NO.1
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,100 yuan/ton, 321 material 18,300 yuan/ton, 316L material 27,300 yuan/ton.
2. Guide price of Dongte hot rolling:
S30408 12,400 yuan/ton made of 4-12mm and 12,400 yuan/ton made of 14mm; 12,400 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;
310S hot rolled flat plate is 32,300 yuan/ton for 3mm, 32,000 yuan/ton for 4-12mm and 32,700 yuan/ton for 14mm.
3. Qingshan hot rolling: 304 material is 12,350 yuan/ton; Dingxin 2205 hot rolled 25,350 yuan/ton, Dingxin 310S material 3mm 32,000 yuan/ton, 4-10mm 31,700 yuan/ton.
4. Zhang Pu guide price: 12,700 yuan/ton for 304 material and 15,500 yuan/ton for 321 hot rolling; 316L hot rolling 23900 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 12,400 yuan/ton, 316L material is 22,900 yuan/ton, TP321 material is 15,100 yuan/ton, 321 material is 13,900 yuan/ton, and S22053 material is 23,600 yuan/ton, 310S s.
2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】
1) 16,300 yuan/ton of 347H material (160-360); 22,700 yuan/ton of 316H material ~ 160-360.
2) 23,400 yuan/ton for 2205 material ￠160-360 and 23,600 yuan/ton for 65-105 (negotiable);
3) 28,700 yuan/ton for 2507 material ￠160-360 and 30,100 yuan/ton for 65-105;
4) 31,300 yuan/ton of 32,760 material (160-360)
5) 30,400 yuan/ton for 310S material ￠160-360 and 30,600 yuan/ton for 65-130.
6) 58,600 yuan/ton of 904L material (160-360).
3. 【 Yongxing Bar-65-130 】 304 is 15,500 yuan/ton, TP321 is 17,800 yuan/ton, 316L is 27,500 yuan/ton, 316LGB is 30,100 yuan/ton, and S22053 is 29,500 yuan/ton.
4. [Fukai Sales Price]:
1), 2205(F60) material ￠150-300 round steel 24900 yuan/ton (discussion); 65-130 round steel 25,100 yuan/ton (by electricity);
2) 32,300 yuan/ton for 310S material (150-300) and 33,300 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 37300 yuan/ton.
4), 316l ~ 65-130 round steel 27500 yuan/ton; 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 15,500 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 172,000 yuan/ton; 65-130 round steel 173,000 yuan/ton;
7), No.8810 ~ 200-250 round steel 63500 yuan/ton; 65-130 round steel 64500 yuan/ton.
8), NO8926/1.4529 material ￠200-250 round steel 88000 yuan/ton, ￠65-130 round steel 76000 yuan/ton;
9) NO8825 material: 91,500 yuan/ton for 200-250 round steel and 94,500 yuan/ton for 65-130 round steel;
10), No.8028 ~ 200-250 round steel 80500 yuan/ton, ~ 65-130 round steel 81500 yuan/ton;
11), No.8120 ~ 200-250 round steel 84500 yuan/ton, ~ 65-130 round steel 86500 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) 187,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 181,000 yuan/ton;
14) 117,000 yuan/ton of NO6601 material (200-250); 118,000 yuan/ton for 65-130.
15) 131,000 yuan/ton of NO6600 material (200-250); 133,000 yuan/ton for 65-130.
16) 205,000 yuan/ton for NO10276￠200-250-250; 65-130 round steel 207,000 yuan/ton;
17), XM-19 ~ 65-130 round steel 34300 yuan/ton;
18), S31254 material-65-130 round steel 62000 yuan/ton.
19), 904L material ￠65-130 round steel 63000 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) 146,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 148,000 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-24.9 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-38.1 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-28.9 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-18.8 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-24.9 yuan /kg.
Fourth, statistical data:
According to Mysteel research:
On July 24th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,118,586 tons, 29,202 tons less than last week, with a decrease of 2.54%, of which:
The total inventory of cold-rolled stainless steel is 625,447 tons, which is 15,565 tons less than last week, with a decrease of 2.43%.
The total inventory of hot-rolled stainless steel is 493,139 tons, which is 13,637 tons less than last week, a decrease of 2.69%;
The total inventory of 200 series is 202,134 tons, a decrease of 3,521 tons or 1.71% compared with last week;
The total inventory of 300 series is 669,941 tons, which is 17,520 tons less than last week, a decrease of 2.55%;
The total inventory of 400 series is 246,511 tons, a decrease of 8,161 tons or 3.20% compared with last week;
The caliber inventory of Wuxi 50 warehouse is 614,834 tons, which is 9,835 tons less than last week, a decrease of 1.57%;
The caliber inventory of Foshan 28 warehouse is 326,703 tons, which is 13,627 tons less than last week, with a decrease of 4.00%.
11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 177,049 tons, a decrease of 5,740 tons or 3.14% compared with last week.

V. Market analysis
1, ferromolybdenum
Due to the tense geopolitical situation, the supply in the Middle East is limited, and the domestic molybdenum oxide is completely dependent on imports, resulting in a continuous shortage of supply. Yesterday, Luoyang ferromolybdenum FeMo60 rose by 5,000 yuan/ton. It is estimated that the global demand for molybdenum metal in 2025 and 2026 will be 307,100 tons and 317,000 tons respectively, and the gap corresponding to the global molybdenum metal quantity will be 36,400 tons and 44,300 tons respectively. To sum up, in the medium and long term, the tight supply and demand pattern of molybdenum will continue, and the price of molybdenum products is expected to maintain a high degree of prosperity.
2. Ferronickel
On the resource side, the heavy volume of nickel ore in the Philippines has weakened the marginal price of nickel ore, and the United States has asked Indonesia to lift its export restrictions on nickel, which has caused renewed disturbances at the Indonesian mine end. At the smelting end, the production capacity of ferronickel and intermediate products is still abundant, and the growth rate of refined nickel production slows down, but the inventory remains high. On the demand side, July and August are in the off-season of consumption, and the downstream is not willing to undertake high prices.
Recently, the market sentiment has gradually weakened the role of pushing up the nickel price in Shanghai, and the suppression of the space above the nickel price by the weak fundamentals is relatively clear. However, the positive macro expectations still support the bottom, and the shock pattern will continue in the short term. Follow-up attention will be paid to whether Indonesias nickel mine policy will change under the pressure of the United States.
3. Stainless steel
On July 24th, the National Development and Reform Commission and the General Administration of Market Supervision issued the Revised Draft of the Price Law of Peoples Republic of China (PRC) (Draft for Comment), aiming to further clarify the identification standards of unfair price behaviors, improve the identification standards of low-price dumping, standardize the market price order and control the "involution" competition. With the re-introduction of the anti-involution subdivision policy, black futures rose sharply. The bottom support of ferronickel is strong and the strength of ferromolybdenum is superimposed. The short-term price of stainless steel may fluctuate, but the overall price has not changed in the near future.

Zhejiang Benji Stainless Steel Co., Ltd.,