Position:Home > News > Industry Report > Inventory and output have dropped significantly, and stainless steel has maintained a high shock
Company news
Industry Report
media coverage
Inventory and output have dropped significantly, and stainless steel has maintained a high shock
Postdate:2021-10-27 Views:1451

1、 Raw material report:

1. Nickel: on October 27, the latest price of nickel in London was US $20296.5, up US $205, or 1.02%. The latest price of Shanghai nickel was 150640 yuan, down 1710 yuan, or 0.22%.   Domestic high carbon ferrochrome fecr55c1000 (50 basis) in Jiangsu, Zhejiang and Shanghai is 10600 yuan / ton.

2. Stainless steel continuous: the latest price is 20135 yuan, up 75 yuan, or 0.37%. The position is 41335 hands, and the trading volume is 62599 hands.

3. Price of Dainan waste stainless steel

201 Ni ≈ 1-1.5% 6150-6350304 Ni ≥ 8%; primary material 13000-13200304 Ni ≈ 7.6-8%; return material 12400-12500;

316 return material 17400-17600, Ni ≥ 10%; primary material 17800-17900316l, Ni ≥ 10% Mo ≈ 2% 18000-18200;

310S Ni = 18-19% 22200-22400430 Cr ≈ 16% - 18%; Mn ≈ 1% - 2% 5130-5330431 return 2980-3080.

2、 Wuxi stainless steel coil reference price

1. TISCO hot rolling guide price:

300 hot rolling series: 304 material 1800 burr 21600 yuan / ton, 304 / No.1 20600 yuan / ton; 321 / No.1 23600 yuan / ton; 316L / No.1 29200 yuan / ton.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 22000 yuan / ton, 321 material 25600 yuan / ton, 316L material 31100 yuan / ton.

2. Dongte hot rolling guide price: 20700 yuan / ton for s30403 material 4-12mm, 20900 yuan / ton for 14mm, 21400 yuan / ton for 16mm; 29700 yuan / ton for s31603 material 4-12mm, 30000 yuan / ton for 14mm, 30500 yuan / ton for 16mm; 29500 yuan / ton for 2205 hot rolled white coil.

3. Qingshan hot rolling: 304 material 20600 yuan / ton;

4. Zhangpu guide price: 21100 yuan / ton for 304 material; 23600 yuan / ton for 321 hot rolling; 29300 yuan / ton for 316L hot rolling.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel ¢ 65-130] price: 19400 yuan / ton for s30400 material, 27200 yuan / ton for 316L material, 21800 yuan / ton for TP321 material and 20600 yuan / ton for 321 material.

2. [Delong round steel ¢ 65-130] price: 19100 yuan / ton for s30400 material and 26900 yuan / ton for 316L material.

2. [Yongxing bar ¢ 65-130 tube blank] 304 material 21000 yuan / ton, TP321 material 23900 yuan / ton, 316L material 30500 yuan / ton, 316gb material 33700 yuan / ton, s2205 material 29300 yuan / ton.

3. [Anhui Fukai] 19400 yuan / ton for TP304 material ¢ 150-250, 27200 yuan / ton for TP316L material ¢ 150-250, 27000 yuan / ton for s2205 material ¢ 65-130, 65000 yuan / ton for 904L material ¢ 65-130 (inquiry), 34000 yuan / ton for S32750 material ¢ 65-130 and 39000 yuan / ton for 310S material (inquiry).

4. [Huaxin Lihua ¢ 65-130] s30400 material: 21800 yuan / ton, 316ls material: 30100 yuan / ton, 32107 material: 24000 yuan / ton.

2. [Zhejiang Benji heat exchange tube] 25 * 2 * 6000 cold drawn specification - 30408 material 31.9 yuan / kg; s31603 material 41.3 yuan / kg;

4. [Zhejiang Benji welded pipe] 219-813 * 4-6 pickling specification - 30408 material 27.1 yuan / kg; s31603 material 38.1 yuan / kg; 32168 material 32 yuan / kg

4、 Stainless steel inventory statistics on October 21

According to Mysteel statistics: on October 21, the total inventory of stainless steel in the national mainstream market was 657300 tons, down 39600 tons from last week, a decrease of 5.68%.

1. Wuxi market 444100 tons, a decrease of 11100 tons, a decrease of 2.44%;

2. Foshan market was 175700 tons, a decrease of 11300 tons, a decrease of 6.03%;

3. The total inventory of 200 Series in the national mainstream market was 151300 tons, a decrease of 7800 tons or 4.89%;

4. The national mainstream market 300 is 390900 tons this week, a decrease of 13100 tons, a decrease of 3.24%;

5. Chinas mainstream market 400 is 115100 tons this week, a decrease of 18700 tons, a decrease of 13.99%;

5、 Market analysis

1. Nickel aspect

According to foreign media on October 21: Dante Bravo, President of the Philippine Nickel Industry Association, said on Thursday that due to adverse weather, nickel production in the Philippines may decline this year.

The Philippines is the largest supplier of nickel ore to China. Bravo also serves as the chairman of the board of directors of global ferronickel holdings, the second largest nickel ore producer in the Philippines. He said that nickel ore production is likely to decline because of heavy rainfall this year compared with previous years. The shortage of cargo ship supply also affects ore exports. Mining operations and development of the nickel center in the karaga region of the southern Philippines Ore transportation usually stops in the third or fourth quarter of this year due to the impact of the rainy season. This years rainfall is particularly heavy. However, it is not possible to estimate the decline in production. According to the Philippine Bureau of mines and Geosciences, the countrys nickel production in the first half of the year was 151646 tons, a year-on-year increase of 39%.

2. Stainless steel supply: production reduction is the focus

Since the power cut in September, stainless steel mills in Guangdong, Jiangsu and other places have been subject to varying degrees of production restriction. In September, the output of stainless steel crude steel has been reduced to varying degrees, of which the output of 200 series and 300 series has been significantly reduced. In October, according to Mysteels prediction, the crude steel output of 32 domestic stainless steel mills in October 2021 is expected to be 2222300 tons, a month on month decrease of 6.41% and a year-on-year decrease of 20.57%, of which the output of 200 series is expected to be 598000 tons Tons, which is expected to decrease by 9.87% month on month, 300 series 1222700 tons, which is expected to decrease by 0.66% month on month, 400 series 401600 tons, which is expected to decrease by 16.39% month on month. In October, the steel plant chose to "reduce 2 and guarantee 3", which is obviously a choice made by the steel plant among the profits.

3. Demand: the low level of stainless steel net export has increased

In terms of domestic net exports, in September, domestic stainless steel exports increased while imports decreased, resulting in a significant increase in net exports. For the net exports of stainless steel in the fourth quarter, consumption is relatively optimistic. Thanksgiving and Christmas are approaching abroad, which supports the demand for stainless steel abroad to a certain extent. In terms of domestic demand for stainless steel, the low retail value of oil and products has rebounded; daily necessities The overall retail value changed little, but from last year, the retail value from November to December remained relatively high during the year; the overall change of the retail value of construction and decoration materials was limited.

4. Comprehensive analysis

At present, the supply side is decreasing, the demand side remains high, and the inventory is still low. Driven by the triple positive, it has boosted the current stainless steel price. However, at present, the 300 series steel plant has rich profits. Although electricity, refractory and auxiliary materials are eroding the profits of the steel plant, the overall profits are still high, which limits the upward height of stainless steel prices to a certain extent. Under the long short game In the later stage, stainless steel is likely to enter the high-level vibration mode.

In September, the import and export data of nickel iron stainless steel performed well, and the nickel market sentiment boosted the performance of stainless steel futures prices. At present, the 304 stainless steel spot market is still out of stock, the futures warehouse receipts are also relatively low, and the low inventory status improves the elasticity of price rise. Although the steel mills have resumed production in succession recently, in the future, double control of energy consumption and power and production restriction may become the main source of stainless steel supply As an important factor in response, power and production restrictions may occur repeatedly, while the impact of demand side restrictions may only be a short-term phenomenon. The reduction of supply has brought strong support to the price of stainless steel, but because the downstream consumption largely depends on the change of price, the weak consumption also limits the excessive rise of price. On the whole, the stainless steel in the fourth quarter may remain high and volatile.

Relations
Prev: The domestic mainstream inventory decreased by 27500 tons, and the supply reduction brought strong support to stainless steel
Next: In September, the output of stainless steel bars decreased by 42000 tons, and the market fluctuated weakly
  • Zhejiang Benji Stainless Steel Co., Ltd.,
  • Tel:0578-7336001
    Email:benji@zjbnjis.com
    Add:3 Jingang Avenue, Tashi Jingang Industrial Park, Longquan City, Zhejiang Province

Copyright 2021 Zhejiang Benji Stainless Steel Co., Ltd All Ringhts Reserved Supported by龙诚互联