Major nickel mining areas in Philippines and Indonesia entered the rainy season, and stainless steel continued to increase.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: The closing price of nickel in London on January 22nd was USD 17,996, up USD 0 or 0%; The latest price of Shanghai Nickel 2603 is 148,200 yuan, up 8,740 yuan, or 4.03%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8800 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 257,900 yuan/ton, down 1,500 yuan. 2. The latest price of stainless steel 2603 is 147,10 yuan, down by 0.10% in 15 yuan; The position was 166,896 lots and the turnover was 313,089 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) Edge wire of 304 super laser plate: 10,050 yuan/ton, 304 new material and thick tube of white stamping plate: 9,900 yuan/ton, 304 industrial material and thick tube: 9,500 yuan/ton, 304 oil punch and large nut core: 9,400 yuan; 2), 316 super laser plate edge wire: 19,300 yuan/ton, 316 industrial material, 18,700 short and thick tubes; 3), 2205 black material 17800, white material 19300; 2507 black material 19300, white material 20300; 2520 black material 19800, white material 21800. 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: 14,800 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1, and 14,500 yuan/ton for 4-10mm; 321/ NO.1 is 16,200 yuan/ton for 3-6mm and 16,600 yuan/ton for 8-10mm; 3.0-10.0*1500*C burr of 316L/NO.1 is 26,050 yuan/ton. 2. Wuxi guide price of Dongte hot rolled flat plate: 3.0*1500*6000 burr of 304/NO.1 is 14100 yuan/ton, and 4.0-12.0*1500*6000 burr is 14000 yuan/ton; 3.0*1500*6000 burr of 316L/NO.1 is 26000 yuan/ton, and 4.0-12.0*1500*6000 burr is 25700 yuan/ton; S22053 27650 yuan/ton made of 4-10mm and 28350 yuan/ton made of 12mm, 34750 yuan/ton for 3mm, 34450 yuan/ton for 4-12mm and 35150 yuan/ton for 14mm of 310S hot rolled flat plate. 3. Castle Peak Hot Rolling: 3.0-12.0*1500*6000 burr of 304/NO.1 is 14050 yuan/ton, 3.0*1500*6000 burr of 316L material /NO.1 is 26100 yuan/ton, and 4.0-12.0*1500*6000 burr is 25800 yuan. Dingxin 2205 hot-rolled hot-rolled flat plate is 27,900 yuan/ton for 3mm and 27,650 yuan/ton for 4-10 mm. Dingxin 310S is made of 34,750 yuan/ton of 3mm and 34,450 yuan/ton of 4-10mm. 4. Zhang Pu price: 14450 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 26350 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 26250 yuan/ton; 3.0-5.0*1500*6000 burr of 321/NO.1 is 15000 yuan/ton, and 6.0-10.0*1500*6000 burr is 15350 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [January price of Qingshan round steel-65-130] S30400 material is 13,900 yuan/ton, 316L material is 25,100 yuan, 1.4571 European standard material is 26,300 yuan/ton, TP321 material is 16,700 yuan/ton, and S321 material is 15,500 yuan/ton. 2. [New Materials of Zhejiang Friendship] 1) 18,300 yuan/ton of 347H continuous casting billet made of 160-360. 2) 26,200 yuan/ton for continuous casting billet made of 2205, 160-360 and 26,400 yuan/ton for bar made of 65-105; 3) 31,200 yuan/ton of continuous casting billet made of 2507, 160-360 and 32,900 yuan/ton of 65-105; 4) 34,400 yuan/ton of continuous casting billet made of 32,760 ~ 160-360. 5) 32500 yuan/ton for continuous casting billet made of 310S ~ 160-360 and 32700 yuan/ton for bar made of 65-130. 6) 63,500 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 32,600 yuan/ton. 8) 25,300 yuan/ton of 316H material (150 * 150-240 * 240), 3. 【 Yongxing Bar 65-130 】 304 material is 16,300 yuan/ton, TP321 material is 18,800 yuan/ton, 316L material is 29,300 yuan/ton, 316LGB material is 32,300 yuan/ton, and S22053 material is 30,800 yuan/ton. 4. 【 Sales price of Fukai bar 】: 1) Round steel of 65-130: 30,000 yuan/ton for German standard 316, 36,600 yuan/ton for 904L, 35,200 yuan/ton for 310S, 27,200 yuan/ton for 2205(F60) and S32750(F53). 2) Round steel of 65-130: 165,000 yuan/ton for N07718, 98,500 yuan/ton for N06625, 70,000 yuan/ton for N08810, 86,700 yuan/ton for N08828 and 88,000 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-26.6 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-40.5 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-30.6 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-20.5 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-34.4 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 January 22nd, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 921,571 tons, which was 5,638 tons less than last week, with a decrease of 0.61%, including: The total inventory of cold-rolled stainless steel is 573,187 tons, 165 tons less than last week, with a decrease of 0.03%; The total inventory of hot-rolled stainless steel is 348,384 tons, which is 5,473 tons less than last week, a decrease of 1.55%; The total inventory of 200 series is 132,431 tons, which is 910 tons less than last week, with a decrease of 0.68%; The total inventory of 300 series is 599,530 tons, which is 2,913 tons less than last week, with a decrease of 0.48%; The total inventory of 400 series is 189,610 tons, which is 1,815 tons less than last week, a decrease of 0.95%; The caliber inventory of Wuxi 50 warehouse is 537,049 tons, which is 2,449 tons less than last week, a decrease of 0.45%; The caliber inventory of Foshan 28 warehouse is 273,492 tons, an increase of 4,241 tons or 1.58% over last week. Inventories in Zibo, Jieyang, Shenyang and Xi an are 111,030 tons, down 7,430 tons or 6.27% from last week. V. Market analysis At present, the improvement of nickel fundamentals is limited. The main mining areas in the Philippines and Indonesia have entered the rainy season, and the output and shipment volume will be affected. The shipment at the mine end is limited, and the overall price at the mine end is soaring. Supported by policy expectations and macro-emotions, the nickel price may remain strong in the short term, but the upside is facing three key verifications: the final landing strength of Indonesias quota policy, the recovery strength of stainless steel demand after the holiday, and the real demand after the new energy "grabbing exports" pulse ebbs. Once the expectation is not fulfilled, the high price without actual consumption support will face significant callback risk. In terms of stainless steel, the intraday volatility is strong. At present, social stocks continue to go to the warehouse, which fundamentally supports the disk simultaneously. Spot prices continued to rise, trying to take advantage of the trend, but the actual high-level transactions before the holiday were limited, and the downstream high-price acceptance was low, so be wary of the high-level callback.

Zhejiang Benji Stainless Steel Co., Ltd.,