The overall metal is weak due to the influence of tariff war, and the downstream demand for stainless steel continues to be sluggish-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On April 8, the latest price of nickel in London was $14,180, down $184, or 1.28%; The latest price of Shanghai Nickel 2505 is 118,760 yuan, down by 0.37% in 440 yuan. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7800 yuan /50 basis tons. Luoyang ferromolybdenum 218,800 yuan/ton. 2. The latest price of stainless steel 2506 is 12,845 yuan, down by 1.00% in 130 yuan; The position was 98,314 lots and the turnover was 31,859 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 10,150 yuan/ton, 304 new punching plate and thick plate tube: 10,000 yuan/ton, 304 industrial material and plate tube: 9,700 yuan/ton, and 304 oil punch core: 9,300 yuan/ton; 2), 316 new material, laser plate, edge wire 18200, 316 industrial material, plate tube 18000; 3), 2205 black material 17300, white material 18100; 2507 black material 19400, white material 21200; 2520 black material 21200, white material 23200. Delivery place: A113, No.15 Road, Binhai No.1 Road, Longwan District, Wenzhou City (including tax invoicing and additional tax points) Second, Wuxi stainless steel coil reference price 1, TISCO hot rolling guide price: 300 hot rolling series: 15,400 yuan/ton for 304/NO.1; 15,900 yuan/ton of 321/ NO.1; 25,100 yuan/ton for 316L/NO.1 Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,900 yuan/ton, 321 material 19,000 yuan/ton, 316L material 28,300 yuan/ton. 2. Guide price of Dongte hot rolling: S30408 13,350 yuan/ton made of 4-12mm and 13,350 yuan/ton made of 14mm; 13,350 yuan/ton for 16mm; S31603 23,500 yuan/ton made of 4-12mm and 23,500 yuan/ton made of 14mm; 16mm 23500 yuan/ton; 310S hot rolled flat plate is 33,000 yuan/ton for 3 and 4mm, 32,200 yuan/ton for 5-10mm, 32,200 yuan/ton for 12mm and 32,900 yuan/ton for 14 mm. 2205 hot rolling 24500 yuan/ton 3. Qingshan hot rolling: 304 material is 13,000 yuan/ton; Dingxin 310S is made of 32,300 yuan/ton of 3mm, 32,000 yuan/ton of 4mm and 32,000 yuan/ton of 5mm. 4. Zhang Pu guide price: 13,300 yuan/ton for 304 material and 15,700 yuan/ton for 321 hot rolling; 316L hot rolling 23800 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [March price of Qingshan round steel-65-130] S30400 material is 13,000 yuan/ton, 316L material is 22,700 yuan/ton, TP321 material is 15,800 yuan/ton, 321 material is 14,600 yuan/ton, and S22053 material is 23,230 yuan/ton, 310S s. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 17,000 yuan/ton of 347H material (160-360); 2) 23,000 yuan/ton for 2205, 160-360 and 23,600 yuan/ton for 65-105; 3) 28,400 yuan/ton for 2507, 160-360 and 30,200 yuan/ton for 65-105; 4) 31,400 yuan/ton of 32,760 material (160-360) 5) 31800 yuan/ton for 310S material ￠160-360, and 31900 yuan/ton for 65-130. 6) 57,600 yuan/ton of 904L material (160-360). 3. 【 Yongxing Bar 65-130 】 The material of 304 is 16,000 yuan/ton, the material of TP321 is 18,400 yuan/ton, the material of 316L is 27,000 yuan/ton, the material of 316LGB is 29,800 yuan/ton, and the material of S22053 is 28,500 yuan/ton. 4. [Fukai Market Price]: 1), 2205(F60) material ￠150-300 round steel 24600 yuan/ton (discussion); 65-130 round steel 24,800 yuan/ton (by electricity); 2) 32,500 yuan/ton for 310S material (150-300) and 33,500 yuan/ton for 65-130; 26,000 yuan/ton of 309S material ~ 65-130; 3), S32750(F53) material ￠150-300 round steel 30500 yuan/ton; 65-130 round steel 33300 yuan/ton. S32760(F55) material ￠65-130 round steel 37500 yuan/ton. 4), 316l ~ 65-130 round steel 25,200 yuan/ton (by electricity); 316ti ~ 65-130 round steel 28,100 yuan/ton; National standard 316l ~ 65-130 round steel 31500 yuan/ton; German standard 316 material-65-130 round steel 28,700 yuan/ton; 317L ~ 65-130 round steel 34700 yuan/ton; 5) 18,000 yuan/ton of 321H material (65-130); 20200 yuan/ton of 347H material ~ 65-130; 6) No.7718 ~ 200-250 round steel 182,000 yuan/ton; 65-130 round steel 183,000 yuan/ton; 7), No.8810 ~ 200-250 round steel 70500 yuan/ton; 65-130 round steel 72500 yuan/ton. 8), NO8926/1.4529 material ￠200-250 round steel 92000 yuan/ton, ￠65-130 round steel 80000 yuan/ton; 9) NO8825 material: 99,000 yuan/ton for 200-250 round steel and 102,000 yuan/ton for 65-130 round steel; 10), No.8028 ~ 200-250 round steel 89000 yuan/ton, ~ 65-130 round steel 90000 yuan/ton; 11), No.8120 ~ 200-250 round steel 88000 yuan/ton, ~ 65 ~ 130 round steel 90000 yuan/ton; 12), 630 material (17-4), 150-300 round steel 16100 yuan/ton, 65-130 round steel 16100 yuan/ton; 631 material (17-7)-65-130 round steel 19,000 yuan/ton; 632 material (15-7mo) ~ 65-130 round steel 29,300 yuan/ton; 13) 195,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 197,000 yuan/ton; 14) 123,000 yuan/ton of NO6601 material (200-250); 125,000 yuan/ton for 65-130. 15) 142,000 yuan/ton of NO6600 material (200-250); 144,000 yuan/ton for 65-130. 16) 213,000 yuan/ton for NO10276￠200-250-250; 65-130 round steel 216,000 yuan/ton; 17), XM-19 ~ 65-130 round steel 35300 yuan/ton; 18), S31254 material-65-130 round steel 63000 yuan/ton. 19), 904L material ￠65-130 round steel 64000 yuan/ton. 20), XM-19 material ￠65-130 round steel 35300 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 18600 yuan/ton. 21) 163,000 yuan/ton of NO3030 material (200-250); 65-130 round steel 165,000 yuan/ton. 155,000 yuan/ton of NO4400 material ~ 200-250; 22) 152,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 154,000 yuan/ton. 23), 1.4460 material ￠65-130 round steel 23800 yuan/ton. 24) The material of Wuxi Puheng forging round 304L is 14,200 yuan/ton for 140-250 and 15,500 yuan/ton for 260-400; 24,700 yuan/ton for 316L material (140-250) and 24,900 yuan/ton for 260-400. 5. 【 Zhejiang Benji Pipe Reference Price 】 Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25.6 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-37.9 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.7 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.7 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-32.2 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25.3 yuan /kg. Fourth, statistical data: According to Mysteel research: On April 8, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,087,542 tons, which was 11,868 tons less than last week, with a decrease of 1.08%, including: The total inventory of cold-rolled stainless steel is 698,227 tons, which is 2,801 tons less than last week, a decrease of 0.40%; The total inventory of hot-rolled stainless steel is 389,315 tons, which is 9,067 tons less than last week, with a decrease rate of 2.28%. The total inventory of 200 series was 178,055 tons, an increase of 1,687 tons over last week, with an increase of 0.96%; The total inventory of 300 series was 732,576 tons, a decrease of 7,564 tons or 1.02% compared with last week. The total inventory of 400 series is 176,911 tons, which is 5,991 tons less than last week, a decrease of 3.28%. The caliber inventory of Wuxi 50 warehouse is 658,357 tons, which is 8,108 tons less than last week, a decrease of 1.22%; The caliber inventory of Foshan 28 warehouse is 338,064 tons, which is 3,461 tons more than last week, with an increase of 1.03%. 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 89,244 tons, a decrease of 5,637 tons or 5.94% compared with last week. V. Market analysis At present, the supply of nickel ore has entered a seasonal recovery cycle, and it is expected that the subsequent output will gradually increase. However, the overall recovery speed of the weather impact is less than expected, and it still takes time for the periodic transmission to Hong Kong. The output price of ferronickel continued to run strongly, stabilizing at a high level of 1030 yuan/nickel point, stainless steel continued to schedule production, the spot market transaction of ferronickel was more active, and the cost line of ferronickel side moved up steadily. The downstream demand for stainless steel continued to be sluggish, and the demand for terminal real estate and household appliances did not follow the increase in stainless steel production. In the middle of the week, the spot price of stainless steel showed an upward trend, but the upstream and downstream game sentiment was strong at present. On the macro level, the tariff war between China and the United States has escalated, and the overall metal market has been weakly affected by it. The markets inflation expectations for the United States have increased, while the Feds interest rate cut expectations have decreased, and countries tariff countermeasures against the United States have increased. Nickel and stainless steel varieties are relatively limited by tariffs, and the direction of export digestion is not in the United States, but they are still weak under macro-level suppression.

Zhejiang Benji Stainless Steel Co., Ltd.,