Stainless steel cost support moves up to Qingshan to close the plate, and the news of quota reduction of nickel ore in Indonesia may be overvalued.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On December 30th, the closing price of nickel in London was USD 16,828, up USD 1,014, or 6.41%; The latest price of Shanghai Nickel 2602 is 134,400 yuan, up 4,720 yuan or 3.64%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8650 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 243400 yuan/. 2. The latest price of stainless steel 2602 is 13,135 yuan, up by 85 yuan, or 0.65%; The position was 82,617 lots and the turnover was 64,519 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) Edge wire of 304 super laser plate: 9450 yuan/ton, new material of 304, thick tube of white stamping plate: 9300 yuan/ton, industrial material of 304, thick tube of 304, and large nut core of 304 oil punch: 8700 yuan/ton; 2), 316 new material laser plate, edge wire 17900, 316 industrial material, plate short and thick tube 17500; 3), 2205 black material 17000, white material 17800; 2507 black material 18100, white material 19200; 2520 black material 19600, white material 21200. 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: 13,300 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1, and 13,000 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 23,600 yuan/ton. 2. Wuxi guide price of Dongte hot rolled flat plate: 3.0*1500*6000 burr of 304/NO.1 is 12850 yuan/ton, and 4.0-12.0*1500*6000 burr is 12750 yuan/ton; 3.0*1500*6000 burr of 316L/NO.1 is 23,900 yuan/ton, 4.0-10.0*1500*6000 burr is 23,600 yuan/ton, and 12.0*1500*6000 burr is 23,800 yuan/ton; S22053 25850 yuan/ton made of 4-10mm and 26550 yuan/ton made of 12mm, 31700 yuan/ton for 3mm, 31400 yuan/ton for 4-12mm and 32100 yuan]/ton for 14mm hot rolled flat plate. 3. Castle Peak Hot Rolling: The 3.0-12.0*1500*6000 burr of 304/NO.1 is 12700 yuan/ton, the 3.0*1500*6000 burr of 316L material /NO.1 is 23900 yuan/ton, and the 4.0-12.0*1500*6000 burr is 23600 yuan. Dingxin 2205 hot-rolled hot-rolled flat plate is 26,000 yuan/ton for 3mm and 25,750 yuan/ton for 4-10mm, Dingxin 310S is made of 31,300 yuan/ton of 3mm and 31,000 yuan/ton of 4-10mm. 4. Zhang Pu price: 12,950 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 24,000 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 23900 yuan/ton; 3.0-5.0*1500*6000 burr of 321/NO.1 is 15400 yuan/ton, and 6.0-10.0*1500*6000 burr is 15750 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [The price of Qingshan Round Steel is 65-130 in January] S30400 material is 12,150 yuan/ton, 316L material is 22,600 yuan, TP321 material is 14,950 yuan/ton, 321 material is 13,750 yuan/ton, S22053 material is 24,100 yuan/ton, S. 2. [New Materials of Zhejiang Friendship] 1) 16,650 yuan/ton of 347H continuous casting billet made of 160-360. 2) 23,900 yuan/ton for continuous casting billet made of 2205, 160-360 and 24,100 yuan/ton for bar made of 65-105; 3) 28,600 yuan/ton of continuous casting billet made of 2507, 160-360 and 30,300 yuan/ton of 65-105; 4) 31,800 yuan/ton of 32,760-160 continuous casting billet. 5) The continuous casting billet made of 310S ￠160-360 is 29,300 yuan/ton, and the bar made of 65-130 is 29,600 yuan/ton. 6) 57,000 yuan/ton for 904L material ￠160-360, and x yuan/ton for 65-105 (negotiable). 7) The continuous casting billet made of 317L ~ 160-360 is 29,300 yuan/ton. 8) 22,800 yuan/ton of 316H material (150 * 150-240 * 240), 3. 【 Yongxing Bar 65-130 】 The material of 304 is 15,200 yuan/ton, the material of TP321 is 17,500 yuan/ton, the material of 316L is 27,000 yuan/ton, the material of 316LGB is 29,600 yuan/ton, and the material of S22053 is 28,500 yuan/ton. 4. 【 Sales price of Fukai bar 】: 1) Round steel of 65-130: 28,000 yuan/ton for German standard 316, 34,000 yuan/ton for 904L, 31,600 yuan/ton for 310S, 26,000 yuan/ton for 2205(F60) and S32750(F53). 3) Round steel of 65-130: 155,000 yuan/ton for N07718, 89,000 yuan/ton for N06625, 63,000 yuan/ton for N08810, 79,000 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-37.6 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-19.3 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-32.3 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 December 25th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,005,136 tons, a decrease of 37,012 tons or 3.55% compared with last week, of which: The total inventory of cold-rolled stainless steel is 593,919 tons, which is 16,363 tons less than last week, with a decrease of 2.68%. The total inventory of hot-rolled stainless steel is 411,217 tons, a decrease of 20,649 tons or 4.78% compared with last week. The total inventory of 200 series is 153,278 tons, which is 19,019 tons less than last week, with a decrease of 11.04%. The total inventory of 300 series is 631,708 tons, which is 12,752 tons less than last week, a decrease of 1.98%; The total inventory of 400 series is 220,150 tons, which is 5,241 tons less than last week, a decrease of 2.33%; The caliber inventory of Wuxi 50 warehouse is 570,908 tons, which is 20,257 tons less than last week, a decrease of 1.76%; The caliber inventory of Foshan 28 warehouse is 264,500 tons, which is 21,646 tons less than last week, with a decrease of 7.56%. Inventories in Zibo, Jieyang, Shenyang and Xi an are 150,846 tons, down 2,442 tons or 1.59% from last week. V. Market analysis Bahlil Lahadalia, Minister of Energy and Mineral Resources of Indonesia, said that Indonesia plans to cut production in 2026 to achieve a better match between supply and demand. Indonesia currently controls nearly 70% of the worlds nickel production, and this production reduction plan directly touches the core of the pricing power of this commodity. Previously, the continuous surge in Indonesias production has been the main factor for the pressure on global nickel prices. Stimulated by this news, the price of nickel futures on the London Metal Exchange (LME) rose to $16,828 per ton, pushing the price of nickel to the highest level since March this year. Market analysis pointed out that if production reduction is implemented, it will effectively alleviate the current high inventory pressure and provide bottom support for prices. In January 2026, the tender prices of high-carbon ferrochromium in Taigang and Qingshan were 7995 and 8195 yuan /50 base tons respectively, both of which were down by 200 yuan from the previous month. In terms of supply and demand, the trading atmosphere in the spot market is general, but recently there is a phenomenon of grabbing exports before the implementation of the export license policy. On the whole, the cost support of stainless steel has moved up marginally, and the demand remains weak. The news of quota reduction of nickel ore in Indonesia has the risk of overestimating the actual impact on the industry, so it is suggested to treat the space above the futures price with caution.

Zhejiang Benji Stainless Steel Co., Ltd.,