After the continuous decline of ferromolybdenum and stainless steel, factories generally fell into losses.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On November 10th, London nickel closed at USD 15,108, up USD 48 or 0.32%; The latest price of Shanghai Nickel 2512 is 119,520 yuan, up by 30 yuan, or 0.03%; Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8700 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 251,900 yuan/ton, down 6,500 yuan. 2. The latest price of stainless steel 2601 is 12,545 yuan, down by 0.20% in 25 yuan; The position was 123,849 lots and the turnover was 57,610 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9150 yuan/ton; 304 new punching plate and short pipe head thickness: 9000 yuan/ton; 304 industrial material and thick plate pipe: 8500 yuan/ton; 304 oil punch and big nut core: 8300 yuan/ton; 2), 316 new material, laser plate, edge wire 17300, 316 industrial material, plate short and thick tube 17000; 3), 2205 black material 17000, white material 17500; 2507 black material 18000, white material 18700; 2520 black material 19700, white material 21000. Delivery place: A113 (Yongchang Metal), South of No.15 Road, Binhai No.1 Road, Longwan District, Wenzhou City (invoice with tax included, plus tax point) Second, Wuxi stainless steel coil reference price 1, Taigang hot rolling Wuxi price: 300 hot rolled flat plate: 13,100 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1 and 12,800 yuan/ton for 4-10mm; 321/ NO.1 is 16,200 yuan/ton for 3-6mm and 16,600 yuan/ton for 8-10mm; The raw edge of 4.0-10.0*1500*C of 316L/NO.1 is 24,700 yuan/ton. 2. Wuxi guide price of Dongte hot rolled flat plate: 3.0*1500*6000 burr of 304/NO.1 is 12500 yuan/ton, and 4.0-12.0*1500*6000 burr is 12400 yuan/ton; 3.0*1500*6000 burr of 316L/NO.1 is 24300 yuan/ton, 4.0-10.0*1500*6000 burr is 24000 yuan/ton, and 12.0*1500*6000 burr is 24200 yuan/ton; ; S22053 26,750 yuan/ton made of 4-10mm and 27,450 yuan/ton made of 12mm, 32200 yuan/ton for 3mm, 31900 yuan/ton for 4-12mm and 32600 yuan]/ton for 14mm hot rolled flat plate in 310S. 3. Castle Peak Hot Rolling: 3.0-12.0*1500*6000 burr of 304/NO.1 is 12400 yuan/ton, 3.0*1500*6000 burr of 316L material /NO.1 is 24300 yuan/ton, and 4.0-12.0*1500*6000 burr is 24000 yuan. Dingxin 2205 hot rolled flat plate is 26,950 yuan/ton for 3mm and 26,650 yuan/ton for 4-10mm, Dingxin 310S is made of 31,900 yuan/ton of 3mm and 31,600 yuan/ton of 4-10mm. 4. Zhang Pu price: 12,750 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 25,100 yuan/ton for 3.0*1500*6000 of 316L/NO.1, and 4.0-8.0*1500*6000. 10.0-12.0*1500*6000 burr 25000 yuan/ton; 3.0-5.0*1500*6000 burr of 321/NO.1 is 15600 yuan/ton, and 6.0-10.0*1500*6000 burr is 15950 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [November price of Qingshan round steel-65-130] S30400 material is 12250 yuan/ton, 316L material is 22280 yuan, TP321 material is 14950 yuan/ton, 321 material is 13750 yuan/ton, and S22053 material is 24300 yuan/ton, 310S. 2. [New Materials of Zhejiang Friendship] 1) 16,400 yuan/ton of 347H continuous casting billet made of 160-360. 2) 24,600 yuan/ton for continuous casting billet made of 2205, 160-360 and 24,800 yuan/ton for bar made of 65-105; 3) 29,200 yuan/ton for continuous casting billet made of 2507, 160-360 and 30,800 yuan/ton for 65-105; 4) 32,500 yuan/ton of 32,760-160 continuous casting billet. 5) The continuous casting billet made of 310S ￠160-360 is 29,650 yuan/ton, and the bar made of 65-130 is 29,650 yuan/ton. 6) 58,500 yuan/ton for 904L material ￠160-360, and x yuan/ton for ￠65-105 (negotiable). 7) 30000 yuan/ton of continuous casting billet made of 317L ~ 160-360. 8) 23,200 yuan/ton of 316H material (150 * 150-240 * 240), 3. 【 Yongxing Bar-65-130 】 304 material is 16,000 yuan/ton, TP321 material is 18,300 yuan/ton, 316L material is 29,000 yuan/ton, 316LGB material is 31,600 yuan/ton, and S22053 material is 31,500 yuan/ton. 4. 【 Sales price of Fukai bar 】: 1) 150-300 continuous casting circle: 316L material-23,000 yuan/ton, 310S material-29,800 yuan/ton, 2205(F60) material-24,500 yuan/ton, S32750(F53) material-29,500 yuan/ton. 2) Round steel of 65-130: 26,800 yuan/ton for German standard 316, 33,500 yuan/ton for 904L, 29,800 yuan/ton for 310S, 24,800 yuan/ton for 2205(F60) and S32750(F53). 3) Round steel of 65-130: 156,000 yuan/ton for N07718, 87,500 yuan/ton for N06625, 60,000 yuan/ton for N08810, 80,000 yuan/ton for N08828 and 80,000 yuan/ton for N08020. 5. 【 Zhejiang Benji Pipe Reference Price 】 Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-24.5 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-37.8 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-28.4 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-18.9 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-32.7 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25 yuan /kg. Fourth, statistical data: According to Mysteel research: On November 6, 2025, the social stock of stainless steel 89 warehouse caliber in the mainstream market in China was 1,034,039 tons, an increase of 2,943 tons over last week, with an increase of 0.29%, of which: The total inventory of cold-rolled stainless steel is 615,231 tons, which is 11,238 tons less than last week, with a decrease of 1.79%. The total inventory of hot-rolled stainless steel was 418,808 tons, an increase of 14,181 tons or 3.50% over last week. The total inventory of 200 series was 191,365 tons, an increase of 4,492 tons or 2.40% over last week. The total inventory of 300 series is 639,529 tons, which is 12,411 tons less than last week, a decrease of 1.90%; The total inventory of 400 series is 203,145 tons, an increase of 10,862 tons over last week, with an increase of 5.65%; The caliber inventory of Wuxi 50 warehouse is 599,037 tons, 326 tons more than last week, with an increase of 0.05%; The caliber inventory of Foshan 28 warehouse is 310,459 tons, an increase of 4,414 tons over last week, with an increase of 1.44%; Inventories in Zibo, Jieyang, Shenyang and Xi an are 124,543 tons, down 1,797 tons or 1.42% from last week. V. Market analysis Ferromolybdenum: The domestic ferromolybdenum market on the supply side is facing a loose supply pattern, and the new production capacity in Shanxi, Henan and other places continues to be released, adding imported goods to Hong Kong to increase and jointly pushing up social stocks. Demand side: The steel industry entered the seasonal off-season, and the output of stainless steel and alloy steel declined month-on-month, which dragged down the overall demand for ferromolybdenum. In the short term, the price of ferromolybdenum is weak due to the double extrusion of strong price reduction by steel mills and price reduction by raw materials. However, the general losses in the industry have triggered the initiative to reduce production, and the "rigid bottom" formed by cost support is prominent, and the space for deep price decline is limited. In the medium term, the oversupply trend of pure nickel is difficult to reverse, the inventory continues to accumulate, and the height above the nickel price is also limited. The performance of stainless steel "Silver 10" is not as good as the industrys expectation, and the demand side has not improved significantly, so it is difficult to increase the short-term demand. Recently, the price of stainless steel raw materials is weak, and after the price of finished products continues to drop, steel mills have fallen into losses and cost support has become prominent. However, at present, the downstream demand of stainless steel is still weak, and the inventory remains high. Stainless steel as a whole is treated with the idea of selling short on rallies.

Zhejiang Benji Stainless Steel Co., Ltd.,