Indonesias policy expects nickel prices to rebound, and the stainless steel market will continue to fluctuate and adjust.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On April 8th, the latest price of nickel in London was $14,798, up by $714 or 5.07%; The latest price of Shanghai Nickel 2505 is 121,300 yuan, up 2,320 yuan or 1.95%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7800 yuan /50 basis tons. Luoyang ferromolybdenum was 211,100 yuan/ton, down 5,000 yuan/ton. 2. The latest price of stainless steel 2506 is 12,765 yuan, up by 40 yuan, or 0.31%; The position was 118,968 lots and the turnover was 122,091 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9800 yuan/ton, 304 new punching plate and thick plate tube: 9600 yuan/ton, 304 industrial material and plate tube: 9200 yuan/ton, and 304 oil punch core: 8800 yuan/ton; 2), 316 new material, laser plate, edge wire 17500, 316 industrial material, plate tube 17200; 3), 2205 black material 16600, white material 17300; 2507 black material 18400, white material 20800; 2520 black material 20800, white material 22700. 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: 15,200 yuan/ton for 304/NO.1; 15,800 yuan/ton of 321/ NO.1; 24,900 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: 12,950 yuan/ton for 4-12mm and 12,950 yuan/ton for 14mm; 12,950 yuan/ton for 16mm; S31603 23050 yuan/ton made of 4-12mm and 23050 yuan/ton made of 14mm; 16mm 23050 yuan/ton; 32500 yuan/ton for 3mm, 32200 yuan/ton for 4-12mm and 32900 yuan/ton for 14mm hot rolled flat plate. 2205 hot rolling 24100 yuan/ton 3. Qingshan hot rolling: 304 material is 12,700 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: 13,000 yuan/ton for 304 material and 15,600 yuan/ton for 321 hot rolling; 316L hot rolling 23400 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [The price of Qingshan round steel is 65-130 in April] S30400 material is 12,500 yuan/ton, 316L material is 22,400 yuan/ton, TP321 material is 15,630 yuan/ton, 321 material is 14,430 yuan/ton, and S22053 material is 22,930 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 15,100 yuan/ton for 140-250 and 16,400 yuan/ton for 260-400; 25,200 yuan/ton for 316L material (140-250) and 25,400 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-25.1 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-37.3 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.4 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.4 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-31.5 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25 yuan /kg. Fourth, statistical data: According to Mysteel research: On April 10th, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,084,431 tons, which was 3,111 tons less than last week, with a decrease of 0.29%, including: The total inventory of cold-rolled stainless steel was 702,352 tons, an increase of 4,125 tons or 0.59% over last week. The total inventory of hot-rolled stainless steel was 382,079 tons, a decrease of 7,236 tons or 1.86% compared with last week. The total inventory of 200 series was 183,188 tons, an increase of 5,133 tons or 2.88% over last week. The total inventory of 300 series is 730,498 tons, which is 2,078 tons less than last week, a decrease of 0.28%; The total inventory of 400 series is 170,745 tons, a decrease of 6,166 tons or 3.49% compared with last week. The caliber inventory of Wuxi 50 warehouse is 653,539 tons, which is 4,818 tons less than last week, a decrease of 0.73%; The caliber inventory of Foshan 28 warehouse is 343,106 tons, an increase of 3,165 tons over last week, with an increase of 0.93%; 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 87,786 tons, a decrease of 1,458 tons or 1.63% compared with last week. V. Market analysis Indonesias policy is expected to land, and the nickel price is expected to be strong. The Indonesian governments policy of transferring nickel resource tax PNBP will land in the second week of April (this week). In terms of raw materials, the main mining areas in Indonesia are at the end of the rainy season, and the supply of nickel ore is expected to remain tight in the short term. In terms of supply and demand, there is no news of production reduction, and the supply of refined nickel remains high. On the whole, Trump suspended tariffs on some countries for 90 days or brought emotional warming, and the short-term nickel price may be repaired. Cost end: the mainstream transaction price of high-nickel iron rose to 1025 yuan/nickel, and Inner Mongolia high chromium reported 8500 yuan /50 base tons. The price of high-nickel iron continued to strengthen, and the spot cost of 304 moved up, and the disk was upside down. Supply and demand situation: downstream demand maintains the pace of just-needed procurement. In February, the output of stainless steel crude steel increased month-on-month, and the output is expected to continue to increase in March. The social library is still at a relatively high level, the delivery library is obvious, and the supply and demand are loose. In the tariff game, systemic risk rises, and speculation participates in the trend. In the short term, the stainless steel market will continue to fluctuate and adjust, and the transaction will depend on the release of terminal demand and the delivery rhythm of steel mills.

Zhejiang Benji Stainless Steel Co., Ltd.,