The peak season of "Gold, Three Silver and Four" is expected to be good, and molybdenum stainless steel soared at the opening of Qingshan.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report:
1. Nickel: On March 2, London nickel closed at $17,160, down $684, or 3.83%; The latest price of Shanghai Nickel 2605 is 138,190 yuan, down 1,570 yuan or 1.13%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8850 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 was 281,400 yuan/ton, down by 1000 yuan.
2. The latest price of stainless steel 2605 is 14,275 yuan, up by 30 yuan, or 0.10%; The position was 90,151 lots and the turnover was 86,027 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: 14,850 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1, and 14,550 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 27500 yuan/ton.
2. Wuxi guide price of Dongte hot rolled flat plate:
3.0*1500*6000 burr of 304/NO.1 is 14250 yuan/ton, and 4.0-12.0*1500*6000 burr is 14150 yuan/ton;
3.0*1500*6000 burr of 316L/NO.1 is 27600 yuan/ton, and 4.0-10.0*1500*6000 burr is 27300 yuan/ton;
S22053 28650 yuan/ton made of 4-10mm and 29350 yuan/ton made of 12mm,
35400 yuan/ton for 3mm, 35100 yuan/ton for 4-12mm and 35800 yuan/ton for 14mm for 310S hot rolled flat plate.
3. Castle Peak Hot Rolling:
3.0-12.0*1500*6000 burr of 304/NO.1 is 14150 yuan/ton, 3.0*1500*6000 burr of 316L material /NO.1 is 27600 yuan/ton, and 4.0-12.0*1500*6000 burr is 27300 yuan.
Dingxin 2205 hot rolled flat plate is 28,900 yuan/ton for 3mm and 28,650 yuan/ton for 4-10mm,
Dingxin 310S is made of 35,200 yuan/ton of 3mm and 34,900 yuan/ton of 4-10mm.
4. Zhang Pu price: 14,550 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 27,800 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 27700 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 14,200 yuan/ton, 316L material is 26,700 yuan, 1.4571 European standard material is 28,100 yuan/ton, TP321 material is 17,000 yuan/ton, and S321 material is 15,800 yuan/ton.
2. [New Materials of Zhejiang Friendship]
1) 18,300 yuan/ton of 347H continuous casting billet made of 160-360.
2) 27,200 yuan/ton for continuous casting billet made of 2205, 160-360 and 27,800 yuan/ton for bar made of 65-105;
3) 31,800 yuan/ton for continuous casting billet made of 2507, 160-360 and 33,500 yuan/ton for 65-105;
4) 34,400 yuan/ton of continuous casting billet made of 32,760 ~ 160-360 (negotiable)
5) 33000 yuan/ton for 310S continuous casting billet (160-360) and 33500 yuan/ton for bar (65-130).
6) 65,000 yuan/ton for 904L material ￠160-360 and 66,500 yuan/ton for 65-105 (negotiable).
7) The continuous casting billet made of 317L ~ 160-360 is 33,500 yuan/ton.
8) 26,300 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: 168,000 yuan/ton for N07718, 99,000 yuan/ton for N06625, 71,000 yuan/ton for N08810, 87,700 yuan/ton for N08828 and 89,000 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-26.9 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-42.1 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-30.9 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-20.8 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-36 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 February 26th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,172,737 tons, an increase of 166,743 tons over last week, with an increase of 16.57%, including:
The total inventory of cold-rolled stainless steel was 715,288 tons, an increase of 93,102 tons or 14.96% over last week.
The total inventory of hot-rolled stainless steel is 457,449 tons, an increase of 73,641 tons over last week, with an increase of 19.19%;
The total inventory of 200 series was 177,091 tons, an increase of 23,226 tons over last week, with an increase of 15.10%;
The total inventory of 300 series is 728,937 tons, an increase of 81,581 tons over last week, with an increase of 12.60%;
The total inventory of 400 series is 266,709 tons, an increase of 61,936 tons over last week, with an increase of 30.25%;
The caliber inventory of Wuxi 50 warehouse is 644,692 tons, an increase of 82,246 tons over last week, with an increase of 14.62%;
The caliber inventory of Foshan 28 warehouse is 377,629 tons, an increase of 51,056 tons over last week, with an increase of 15.63%;
The stocks in Zibo, Jieyang, Shenyang and Xi an are 150,416 tons, an increase of 33,441 tons or 28.59% over last week.

V. Market analysis
Ferronickel: Last week, nickel stocks at home and abroad continued to grow at a high level, and the profit of integrated production line at smelting end declined but remained profitable. The loss of some external production lines increased and the number of days in February was superimposed, paying less attention to the decline in production in February; In addition, Indonesia has entered the Ramadan Festival in late February, paying attention to the decline in supply-side construction. The market maintained tight expectations for Indonesias nickel ore quota at the beginning of the year. At present, the shortage of ore end is expected to coexist with the surplus of smelting end. With the sharp reduction of RKAB target of Indonesian nickel mine, the markets previous expectation of nickel surplus will be reduced, keeping track of the news of ore end. There are too many shocks.
Ferromolybdenum: After the Spring Festival holiday, the domestic molybdenum market ushered in a strong start and became the most eye-catching variety in the small metal plate. The core driving force of this round of molybdenum price increase comes from the tightening of supply side. The domestic molybdenum concentrate market is running steadily, the mine grade is declining, the seasonal start-up is weak, the superimposed environmental protection and safety supervision are normalized, and the effective supply is limited. The operating rate of mainstream mines has not fully recovered, and the goods holders are reluctant to sell at a high price, and the spot circulation is tight, which provides solid cost support for ferromolybdenum prices. The international market is constantly disturbed. During the Spring Festival, accidents occurred in overseas mines and news of production reduction came out. At one time, the price of molybdenum oxide was pushed up to 36 US dollars/pound of molybdenum. Although it later fell back, the center of gravity moved up, which brought emotional support to the domestic market.
The intraday volatility of stainless steel was strong, and the escalation of the geopolitical situation in the Middle East triggered energy security concerns, pushing up oil prices and indirectly boosting the risk appetite in the commodity market. Yesterday, the main contract of stainless steel showed a trend of high opening and high going, and the overall performance was strong, with bulls occupying a dominant position. Macroscopically, besides being affected by the situation in the Middle East, the two sessions in China are approaching, the markets expectation of steady growth policy is enhanced, and the liquidity environment is relaxed, which supports commodity prices.
The price of nickel at the cost end and the price of high-nickel pig iron are rising continuously, and it is expected that the price of stainless steel will remain high and fluctuate under the expected effect of the "Golden Three Silver Four" consumption peak season. However, suppressed by high inventory and terminal real estate downturn, the price surge is limited.

Zhejiang Benji Stainless Steel Co., Ltd.,