General Mo ordered Qingshan to increase 316L round steel by 1000 yuan/ton, resulting in a 50% reduction in nickel iron production due to heavy rainfall in the North Morowali region of Central Sulawesi Province, Indonesia-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw Material Report:

1. Nickel: On August 10th, the closing price of nickel in London was $20441, down $113, or 0.55%; The latest price of Shanghai Nickel 2309 is 164660 yuan, up 460 yuan, or 0.28%; Shanghai High Carbon Chromium Iron FeCr55C1000 (50 base) 9100 yuan/50 base tons. 288000 yuan/ton for Luoyang ferromolybdenum FeMo60.

2. The latest price of stainless steel SS2309 is 15490 yuan, up 255 yuan or 1.68%; The holding volume is 51747 hands and the trading volume is 95947 hands.

3. Price of Dainan waste stainless steel

201 New materials 5400-5500304 Industrial 10500-10600304 New materials 10900-11000304 Particleboard 9500-9600;

316 shavings 17700-17800316 large furnace 19300-19400310 clinker 26800-26900;

430 No film 4150-4250431 Return material 3650-3700.

2、 Wuxi stainless steel plate coil reference price

1. Taiyuan Iron and Steel Hot Rolling Guiding Price:

300 hot rolled series: 16100 yuan/ton for 304/NO.1; 17500 yuan/ton for 321/NO.1; 28600 yuan/ton for 316L/NO.1.

Middle plate (cut edge, thickness: 14-20mm, width: 1500mm) 304 material -16700 yuan/ton, 321 material 22800 yuan/ton, 316L material 32100 yuan/ton.

2. Dongte Hot Rolling Guiding Price:

S30408 material: 14800 yuan/ton for 4-12mm, 15000 yuan/ton for 14mm; 15500 yuan/ton for 16mm;

S31603 material: 27600 yuan/ton for 4-12mm, 28000 yuan/ton for 14mm; 28600 yuan/ton for 16mm;

310S hot-rolled flat plate 3, 36500 yuan/ton for 4mm, 35600 yuan/ton for 5-12mm, and 36700 yuan/ton for 14mm.

3. Dongte 2205 hot rolled at 28400 yuan/ton.

4. Qingshan hot rolling: 304 material 14700 yuan/ton;

5. Zhangpu guide price: 15600 yuan/ton for 304 materials, 18500 yuan/ton for 321 hot-rolled materials; 316L hot-rolled at 28200 yuan/ton.

3、 Reference price of stainless steel pipe and rod

1. The August price of Qingshan round steel is ? 65-130. S30400 material costs 14900 yuan/ton, 316L material costs 27500 yuan/ton, TP321 material costs 17800 yuan/ton, and 321 material costs 16600 yuan/ton. 304 raw pipe round steel price+800316L raw pipe round steel price+1000321 raw pipe round steel price+900.

2. S30400 material is 14600 yuan/ton, and 316L material is 26100 yuan/ton for sealing.

3. Yongxing Bar Material ? 65-130: 304 material 17000 yuan/ton, TP321 material 19800 yuan/ton, 316L material 29500 yuan/ton, 316LGB material 33100 yuan/ton, S22053 material 31500 yuan/ton.

4. Fukai Market Price:

1) 2205 material ? 65-130 round steel 28400 yuan/ton; 27600 yuan/ton for continuous casting billets made of 2205 material, ? 170-250;

2) TP316L continuous casting billet ? 150-250: 26300 yuan/ton; 3) NO8810 electroslag ingot ? 360-900: 72000 yuan/ton;

4) NO8825 electroslag ingot ? 360-900: 108000 yuan/ton; 5) 17-4 electroslag ingot ? 360-900: 2200 yuan/ton;

6) 625 vacuum electroslag ingot ? 360-900: 226000 yuan/ton; 7) 6600 vacuum electroslag ingots ? 360-900: 171000 yuan/ton;

8) C-276 vacuum electroslag ingot ? 360-900: 247000 yuan/ton; 9) 718 vacuum electroslag ingot ? 360-900: 195000 yuan/ton;

10) Jiangyin Hanzhou 2205/F60 material is 29000 yuan/ton, 2507 material/F53 material is 38000 yuan/ton, and 630/17-4PH material is 18000 yuan/ton.

11) Wuxi Puheng Forged Round 304L Material: 17100 yuan/ton for ? 140-250, 17300 yuan/ton for ? 260-400; 316L material: 28200 yuan/ton for ? 140-250, 28400 yuan/ton for ? 260-400.

5. Zhejiang Benji Pipe Reference Price

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -28.1 yuan/kg;

Stainless steel seamless pipe S31603 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -43.6 yuan/kg;

Stainless steel seamless pipe S32168 material, specification 25 * 2 * 6000, cold drawn pipe, pickled and weighed for delivery -32.2 yuan/kg;

Stainless steel welded pipe 30408 material, specifications 219-813 * 4-6, pickled and weighed for delivery -21.2 yuan/kg;

Stainless steel welded pipe S31603 material, specifications 219-813 * 4-6, pickled and weighed for delivery -36 yuan/kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, pickled and weighed for delivery -28.1 yuan/kg.

4、 Statistical data:

According to Mysteel research:

On August 10, 2023, the social inventory of stainless steel in the mainstream market nationwide was 987827 tons, a decrease of 17166 tons or 1.71% compared to last week. Among them:

The total inventory of cold rolled stainless steel is 494939 tons, a decrease of 15640 tons or 3.06% compared to last week;

The total inventory of hot-rolled stainless steel is 492888 tons, a decrease of 1526 tons or 0.31% compared to last week;

The total inventory of the 200 series is 181681 tons, a decrease of 2357 tons or 1.28% compared to last week;

The total inventory of the 300 series is 580711 tons, a decrease of 6120 tons or 1.04% compared to last week;

The total inventory of the 400 series is 225435 tons, a decrease of 8689 tons or 3.71% compared to last week;

Wuxis inventory is 534683 tons, a decrease of 7900 tons or 1.46% compared to last week.

Foshans inventory is 274374 tons, a decrease of 10247 tons or 3.60% compared to last week.

Zibo, Jieyang, Shenyang, and Xian have inventory of 178770 tons, an increase of 981 tons or 0.55% compared to the previous week.

5、 Market analysis

1. Molybdenum iron: The upward trend has slowed down, and it has finally stopped rising for one day today.

2. Chromium iron: Recently, due to continuous heavy rainfall and inadequate drainage system in Inner Mongolia, some chromium iron production areas in Ulanqab have been affected to some extent due to water accumulation. At present, the rainstorm has affected the transportation of raw materials and products, and the commuting of employees and the operation of facilities in some areas have been blocked. The ferrochrome production enterprise has established a flood control team, and the production has not been significantly affected.

3. Nickel iron:

The recent unstable weather conditions in the North Morowali region of Central Sulawesi Province, Indonesia have had an impact on nickel ore production, even leading to a 50% decrease in production. On August 9, 2023, PT. Number Permata Mineral (SPM) Reza, acting as KTT (Mining Engineering Supervisor) Muh, stated: "From July to early August 2023, the rainfall intensity in the North Morowali region was high, which had an impact on nickel mine production." SPM is located in Molino Village, Petasia Timur District, North Morowali, and its work plan goal is to reach 100000 tons per month. However, due to uncertain weather conditions, the current monthly output can only reach approximately 50000 tons.

4. Stainless steel:

Affected by the continuous rise of ferromolybdenum for several days, Qingshan significantly raised the price of 316L round steel by 1000 yuan/ton today, a rare increase in recent months. From July to August, the production of 300 series stainless steel was at a high level, while the performance of terminal consumption was average. Both nickel iron and stainless steel were in a state of continuous expansion and surplus production capacity. After the recent price rebound, the profit situation of the industrial chain has significantly improved, and the upward space for stainless steel prices in the later stage is limited.

Zhejiang Benji Stainless Steel Co., Ltd.,