Stainless steel prices rise slightly, but supply and demand are relatively loose, and the pressure of accumulated inventory is evident-Zhejiang Benji Stainless Steel Co., Ltd

1、 Raw material report: 1. Nickel: On February 7th, the closing price of nickel in London was $15756, down $55, or 0.35%; The latest price of Shanghai nickel 2503 is 126700 yuan, a decrease of 420 yuan, a decrease of 0.33%; Shanghai high carbon ferrochrome FeCr55C1000 (50 basis) costs 7800 yuan/50 basis tons. Luoyang molybdenum iron is 229500 yuan/ton, down 1500 yuan. 2. The latest price of stainless steel 2503 is 13380 yuan, a decrease of 25 yuan, a decrease of 0.19%; The open position is 124885 lots and the trading volume is 30911 lots. 3. Fujian Qingtuo Wenzhou Haitong Freight Yard 300 Series to Fujian Waste Stainless Steel Purchase Price (yuan/ton): 1) 04 special grade material: 9450304 new material: 9350304 industrial material with film: 9050304 shavings: 8450-8550304 steel shavings: 8800-8950; 2) 316 dry shavings: 15700-15900316 steel shavings (10/2): 16300-164000316 industrial materials: 17000316 cleaning materials: 17200 3) 2205 shavings 15600-158002205 new material 16400-16600 Delivery location: Qingtuo Regenerated Warehouse 1-3. Note: Wenzhou prices are 100 yuan cheaper per ton! 4) 201 precision casting material costs 4890 yuan, 201 cleaning material costs 4760 yuan, 201 pipe material costs 4490 yuan, and 201 film coating material costs 4370 yuan. 2、 Wuxi stainless steel coil reference price 1. Taiyuan Iron and Steel Hot Rolling Guide Price: 300 hot rolling series: 14600 yuan/ton for 304/NO. 1; 15200 yuan/ton for 321/NO.1; 24700 yuan/ton for 316L/NO.1. Medium plate (trimmed, thickness: 14-20mm, width: 1500mm) made of 304 material -16700 yuan/ton, 321 material: 19000 yuan/ton, 316L material: 28300 yuan/ton. 2. Dongte Hot Rolling Guide Price: S30408 material 4-12mm priced at 12700 yuan/ton, 14mm priced at 12700 yuan/ton; 12700 yuan/ton for 16mm; S31603 material costs 23200 yuan/ton for 4-12mm and 23200 yuan/ton for 14mm; 23200 yuan/ton for 16mm; 310S hot-rolled flat plate 3 and 4mm costs 32600 yuan/ton, 5-10mm costs 31800 yuan/ton, 12mm costs 32100 yuan/ton, and 14mm costs 33100 yuan/ton. 2205 hot rolling 24500 yuan/ton 3. Qingshan Hot Rolling: 304 material 12600 yuan/ton; Dingxin 310S material is priced at 31700 yuan/ton for 3mm, 31800 yuan/ton for 4mm, and 31600 yuan/ton for 5-10mm. 4. Zhangpu guide price: 12900 yuan/ton for 304 material, 15900 yuan/ton for 321 hot rolling; 316L hot rolling costs 23500 yuan/ton. 3、 Reference price for stainless steel tube and rod 1. The February price of Qingshan round steel is between 65-130 yuan. S30400 material costs 12550 yuan/ton, 316L material costs 22450 yuan/ton, TP321 material costs 15350 yuan/ton, 321 material costs 14150 yuan/ton, S22053 material costs 23050 yuan/ton, and 310S material costs 31350 yuan/ton. 2. Zhejiang Friendship New Material Continuous Casting Billet 1) The price of 304 material is 12250 yuan/ton for ￠ 160-280, 12350 yuan/ton for ￠ 300-360, and 12250 yuan/ton for ￠ 65-130. 2) 22100 yuan/ton for 316L material ￠ 160-260, 22450 yuan/ton for ￠ 65-130; 22200 yuan/ton for ￠ 300-360. 3) 2205 material: 22700 yuan/ton for ￠ 160-360, 23300 yuan/ton for ￠ 65-105; 4) 28100 yuan/ton for 2507 material ￠ 160-360, 29900 yuan/ton for ￠ 65-105; 5) 310S material costs 31200 yuan/ton for ￠ 160-360 and 31300 yuan/ton for ￠ 65-130. 6) 16800 yuan/ton for 347H ￠ 160-360. 57000 yuan/ton for 904L material ￠ 160-360. 3. 【 Yongxing Bar Material ￠ 65-130 】 304 material costs 15500 yuan/ton, TP321 material costs 17900 yuan/ton, 316L material costs 26800 yuan/ton, 316LGB material costs 29600 yuan/ton, and S22053 material costs 28300 yuan/ton. 4. 【 Fukai Market Price 】: 1) 2205 (F60) material ￠ 150-300 round steel 24600 yuan/ton (negotiable); 65-130 round steel 24800 yuan/ton (negotiable); 2) 310S material costs 32500 yuan/ton for ￠ 150-300 and 33300 yuan/ton for ￠ 65-130; 26500 yuan/ton for 309S material ￠ 65-130; 3) S32750 (F53) material ￠ 150-300 round steel 31000 yuan/ton; 65-130 round steel costs 34000 yuan/ton. S32760 (F55) material ￠ 65-130 round steel 37500 yuan/ton. 4) 316L ￠ 65-130 round steel at 25200 yuan/ton (negotiable); 316Ti ￠ 65-130 round steel 28600 yuan/ton; National standard 316L ￠ 65-130 round steel 32000 yuan/ton; German standard 316 material ￠ 65-130 round steel 29200 yuan/ton; 317L ￠ 65-130 round steel 35200 yuan/ton; 5) 18300 yuan/ton for 321H material ￠ 65-130; 20700 yuan/ton for 347H material ￠ 65-130; 6) NO7718 ￠ 200-250 round steel 176000 yuan/ton; 65-130 round steel 178000 yuan/ton; 7) NO8810 ￠ 200-250 round steel 66500 yuan/ton; 65-130 round steel costs 68500 yuan/ton. 8) NO8926/1.4529 material: ￠ 200-250 round steel at 85000 yuan/ton, ￠ 65-130 round steel at 72500 yuan/ton,; 9) NO8825 material: ￠ 200-250 round steel 94000 yuan/ton, ￠ 65-130 round steel 96000 yuan/ton; 10) NO8028 ￠ 200-250 round steel costs 85000 yuan/ton, and ￠ 65-130 round steel costs 86000 yuan/ton; 11) NO8120 ￠ 200-250 round steel at 83500 yuan/ton, ￠ 65-130 round steel at 85000 yuan/ton; 12) 630 material (17-4) ￠ 150-300 round steel at 16100 yuan/ton, ￠ 65-130 round steel at 16100 yuan/ton; 631 material (17-7) ￠￠ 65-130 round steel 18800 yuan/ton; 632 material (15-7Mo) ￠ 65-130 round steel 29800 yuan/ton; 13) NO6625 material ￠ 200-250, priced at 187000 yuan/ton; 65-130 round steel 190000 yuan/ton; 14) 119000 yuan/ton for NO6601 material ￠ 200-250; 120000 yuan/ton for ￠ 65-130. 15) 136000 yuan/ton for NO6600 material ￠ 200-250; 137000 yuan/ton for ￠ 65-130. 16) 207000 yuan/ton for NO10276 ￠ 200-250; ￠ 65-130 round steel 211000 yuan/ton; 17) XM-19 ￠ 65-130 round steel, priced at 34300 yuan/ton; 18) S31254 material ￠ 65-130 round steel 62000 yuan/ton. 19) 904L material ￠ 65-130 round steel 62500 yuan/ton. 20) XM-19 material ￠ 65-130 round steel costs 34800 yuan/ton, while 15-5PH (XM-12) material ￠ 65-130 round steel costs 18500 yuan/ton. 21) 155000 yuan/ton for NO3030 material ￠ 200-250; 65-130 round steel costs 158000 yuan/ton. 155000 yuan/ton for NO4400 material ￠ 200-250; 22) 145000 yuan/ton for NO4400 material ￠ 200-250; 65-130 round steel costs 147000 yuan/ton. 23) 1.4460 material ￠ 65-130 round steel 24000 yuan/ton. 24) Wuxi Puheng forged round 304L material costs 14200 yuan/ton for ￠ 140-250 and 16300 yuan/ton for ￠ 260-400; 316L material costs 24500 yuan/ton for sizes 140-250 and 24700 yuan/ton for sizes 260-400. 5. Zhejiang Benji Pipe Reference Price Stainless steel seamless tube 30408 material, specification 25 * 2 * 6000, cold drawn tube acid washed and weighed delivery -25.1 yuan/kg; Stainless steel seamless tube S31603 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -37.5 yuan/kg; Stainless steel seamless tube S32168 material, specification 25 * 2 * 6000 cold drawn tube acid washed and weighed delivery -29.2 yuan/kg; Stainless steel welded pipe made of 30408 material, specification 219-813 * 4-6, acid washed and weighed for delivery -19 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813 * 4-6 acid washed weighing delivery -31.4 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813 * 4-6 acid washed weighing delivery -25.3 yuan/kg. 4、 Statistical data: According to Mysteel research: On February 6, 2025, the social inventory of 89 caliber stainless steel warehouses in the mainstream market nationwide was 1045877 tons, an increase of 114023 tons or 12.24% compared to the previous week. Among them: The total inventory of cold-rolled stainless steel was 652840 tons, an increase of 80114 tons or 13.99% compared to last week; The total inventory of hot-rolled stainless steel was 393037 tons, an increase of 33909 tons or 9.44% compared to last week; The total inventory of the 200 series is 179352 tons, an increase of 21045 tons or 13.29% compared to last week; The total inventory of 300 series is 673232 tons, an increase of 64437 tons or 10.58% compared to last week; The total inventory of 400 series is 193293 tons, an increase of 28541 tons or 17.32% compared to last week. Wuxi 50 warehouse has a caliber inventory of 620407 tons, an increase of 66713 tons or 12.05% compared to last week; The caliber inventory of Warehouse 28 in Foshan is 323934 tons, an increase of 44383 tons or 15.88% compared to last week; 11 warehouses in Zibo, Jieyang, Shenyang, and Xian have a caliber inventory of 101536 tons, an increase of 2927 tons or 2.97% compared to last week. 5、 Market analysis The ban on raw ore exports in the Philippines has raised concerns in the market about nickel ore supply, and the maintenance of the East China Stainless Steel Cold Rolling Plant has affected production, driving stainless steel prices to fluctuate and rebound. But rumors of Indonesian nickel ore quotas have been circulating, and the cost support for nickel iron may shift downwards, coupled with the pressure of stainless steel inventory accumulation. Overall, the supply and demand of stainless steel are relatively loose, with an expected increase in production on the supply side and sluggish sentiment in the spot market. The downstream demand side has not fully resumed work, resulting in weak demand; The price of raw materials has rebounded, but the supply of minerals is sufficient, and it is expected that the rebound of stainless steel prices will be limited.

Zhejiang Benji Stainless Steel Co., Ltd.,