First, the raw material report:
1. Nickel: On March 9, London nickel closed at USD 17,469, up USD 0 or 0%; The latest price of Shanghai Nickel 2605 is 138,910 yuan, up 2,850 yuan or 1.13%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8850 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 282,900 yuan/ton, flat.
2. The latest price of stainless steel 2605 is 14,325 yuan, up by 215 yuan or 1.52%; The position was 97,963 lots and the turnover was 130,622 lots.
3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton):
1), 304 super laser plate edge wire: 10200 yuan/ton, 304 new material, white stamping thick tube: 10100 yuan/ton, 304 industrial material, thick plate tube: 9800 yuan/ton, 304 oil punch big nut core: 9900;
2), 316 super laser plate edge wire: 20,000 yuan/ton, 316 industrial material, 19,800 short and thick tubes;
3), 2205 black material 18800, white material 20000; 2507 black material 19200, white material 21200; 2520 black material 20200, white material 22500.
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; The raw edge of 4.0-10.0*1500*C of 316L/NO.1 is 28,100 yuan/ton.
2. Wuxi guide price of Dongte hot rolled flat plate:
3.0*1500*6000 burr of 304/NO.1 is 14200 yuan/ton, and 4.0-12.0*1500*6000 burr is 14100 yuan/ton;
3.0*1500*6000 burr of 316L/NO.1 is 28000 yuan/ton, and 4.0-10.0*1500*6000 burr is 27700 yuan/ton;
S22053 28650 yuan/ton made of 4-10mm and 29350 yuan/ton made of 12mm,
35800 yuan/ton for 3mm, 35500 yuan/ton for 4-12mm, and 36200 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 14050 yuan/ton, 3.0*1500*6000 burr of 316L material /NO.1 is 28000 yuan/ton, and 4.0-12.0*1500*6000 burr is 27700 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: 14,700 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 28,400 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 14,000 yuan/ton, 316L material is 26,400 yuan, 1.4571 European standard material is 28,100 yuan/ton, TP321 material is 16,800 yuan/ton, and S321 material is 15,600 yuan/ton.
2. [New Materials of Zhejiang Friendship]
1) 18,500 yuan/ton of 347H continuous casting billet made of 160-360.
2) 27,800 yuan/ton for continuous casting billet made of 2205, 160-360 and 28,000 yuan/ton for bar made of 65-105;
3) 32,500 yuan/ton for continuous casting billet made of 2507, 160-360 and 34,200 yuan/ton for 65-105;
4) 34,400 yuan/ton of continuous casting billet made of 32,760 ~ 160-360 (negotiable)
5) 32800 yuan/ton for continuous casting billet made of 310S ~ 160-360 and 33300 yuan/ton for bar made of 65-130.
6) 65,000 yuan/ton for 904L material ￠160-360 and 66,500 yuan/ton for 65-105 (negotiable).
7) 34100 yuan/ton of continuous casting billet made of 317L ~ 160-360.
8) 26,600 yuan/ton of 316H material (150 * 150-240 * 240),
3. 【 Yongxing Bar 65-130 】 304 is 16,800 yuan/ton, TP321 is 19,300 yuan/ton, 316L is 30,300 yuan/ton, 316l is 33,300 yuan/ton, and S22053 is 32,300 yuan/ton.
4. 【 Sales price of Fukai bar 】:
1) Round steel of 65-130: 30,400 yuan/ton for German standard 316, 36,900 yuan/ton for 904L, 34,000 yuan/ton for 310S, 30,000 yuan/ton for 2205(F60) and S32750(F53).
2) Round steel of 65-130: 168,000 yuan/ton for N07718, 97,000 yuan/ton for N06625, 67,500 yuan/ton for N08810, 84,300 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-26.7 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-41.8 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-30.5 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-20.6 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-36.5 yuan/kg;
Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-24.5 yuan /kg.
Fourth, statistical data:
According to Mysteel research:
On March 5, 2025, the social stock of stainless steel 89 warehouse in the mainstream market in China was 1,149,995 tons, which was 22,742 tons less than last week, with a decrease of 1.94%, including:
The total inventory of cold-rolled stainless steel is 714,145 tons, which is 1,143 tons lower than the previous one, with a decrease of 0.16%.
The total inventory of hot-rolled stainless steel was 435,850 tons, a decrease of 21,599 tons or 4.72% compared with last week.
The total inventory of 200 series is 184,275 tons, an increase of 7,184 tons over last week, with an increase of 15.10%;
The total inventory of 300 series is 716,318 tons, which is 12,619 tons less than last week, a decrease of 1.73%;
The total inventory of 400 series is 249,402 tons, a decrease of 17,307 tons or 6.49% compared with last week.
The caliber inventory of Wuxi 50 warehouse is 618,550 tons, which is 26,142 tons less than last week, a decrease of 4.05%;
The caliber inventory of Foshan 28 warehouse is 398,269 tons, an increase of 20,640 tons over last week, with an increase of 5.47%;
The stocks in Zibo, Jieyang, Shenyang and Xi an are 133,176 tons, 17,240 tons less than last week, or 11.46%.

V. Market analysis
Nickel-iron: According to local media in Indonesia, people familiar with the matter said that the Indonesian Ministry of Energy and Mineral Resources is still evaluating the policy of reducing coal and nickel production in the 2026 work plan and budget (RKAB). Siti Sumilah Rita Susilawati, secretary-general of the General Administration of Mines and Coal, said that RKAB is not aimed at limiting production, but making adjustments; After that, the adjusted RKAB will be evaluated and is expected to be submitted in June and July. In addition, it is reported that four nickel factories in Indonesia suspended production due to landslides in February.
Ferromolybdenum: At present, the molybdenum market is at the historic intersection of "rigid contraction of supply" and "structural expansion of demand". In the short term, after hitting a high level, the price needs to digest the fear of high in the downstream, and it is expected to fluctuate at a high level in the corresponding range. However, in the medium and long term, the continuous expansion of the global molybdenum supply and demand gap is difficult to reverse. With the coming of the traditional peak season and the concentrated release of demand in the fields of superimposed new energy and military industry, ferromolybdenum prices are expected to gain new upward momentum. Under the current global situation, as an indispensable strategic metals, the price center of molybdenum will move up steadily or it will become the new normal in the next few years.
After the Spring Festival, the nickel market showed a "strong expectation and weak reality" differentiation: the supply side was tight due to the rainy season in the Philippines and the tight quota control in Indonesia, and the smelting cost was higher; The repair of demand side is weak, stainless steel resumed production, but the terminal order was lagging behind, and the improvement of nickel for new energy was limited; High inventory restricts nickel price and intensifies the game between supply and demand. Downstream stainless steel stocks are high, profits are under pressure, and nickel for new energy is growing steadily, but it is difficult to weaken consumption in the short term. The core contradiction is the game between strong expectations at the mine end and weak reality downstream.