青山自5月起，已暂停中苏拉威西莫罗瓦利工业园区部分不锈钢生产线-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On June 16th, the closing price of nickel in London was $15,069, down $59, or 0.39%; The latest price of Shanghai Nickel 2507 is 119,100 yuan, down by 0.48% in 570 yuan. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7800 yuan /50 basis tons. Luoyang ferromolybdenum 244100 yuan/ton. 2. The latest price of stainless steel 2508 is 12,515 yuan, down by 0.20% in 25 yuan; The position was 181,294 lots and the turnover was 39,038 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9450 yuan/ton, 304 new punching plate and thick plate tube: 9300 yuan/ton, 304 industrial material and plate tube: 9000 yuan/ton, and 304 oil punch: 9100 yuan/ton; 2), 316 new material, laser plate, edge wire 17800, 316 industrial material, plate tube 17700; 3), 2205 black material 17000, white material 17700; 2507 black material 18800, white material 20300; 2520 black material 21200, white material 22500. 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: 14,800 yuan/ton for 304/NO.1; 15,500 yuan/ton of 321/ NO.1; 25,100 yuan/ton for 316L/NO.1 Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,500 yuan/ton, 321 material 18,700 yuan/ton, 316L material 27,800 yuan/ton. 2. Guide price of Dongte hot rolling: S30408 12,500 yuan/ton made of 4-12mm and 12,500 yuan/ton made of 14mm; 12,500 yuan/ton for 16mm; S31603 23,550 yuan/ton made of 4-12mm and 23,550 yuan/ton made of 14mm; 16mm 23550 yuan/ton; 32550 yuan/ton for 3mm, 32250 yuan/ton for 4-12mm and 32950 yuan/ton for 14mm hot rolled flat plate. 3. Qingshan hot rolling: 304 material is 12,200 yuan/ton; Dingxin 2205 hot rolled 24,600 yuan/ton, Dingxin 310S 32,300 yuan/ton with 3mm material and 32,000 yuan/ton with 4-10mm material. 4. Zhang Pu guide price: 12,650 yuan/ton for 304 material and 15,700 yuan/ton for 321 hot rolling; 316L hot rolling 23700 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 12,300 yuan/ton, 316L material is 23,000 yuan/ton, TP321 material is 15,000 yuan/ton, 321 material is 13,800 yuan/ton, and S22053 material is 23,500 yuan/ton, 310S s. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 16,800 yuan/ton of 347H material (160-360); 2) 23,300 yuan/ton for 2205 material ￠160-360 and 23,300 yuan/ton for 65-105 (negotiable); 3) 28,600 yuan/ton for 2507 material (160-360) and 30,000 yuan/ton for 65-105; 4) 31,600 yuan/ton of 32,760 material (160-360) 5) 30,900 yuan/ton for 310S material ￠160-360, and 31,400 yuan/ton for 65-130. 6) 58,000 yuan/ton (negotiable) for 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 Sales Price]: 1), 2205(F60) material ￠150-300 round steel 24600 yuan/ton (discussion); 65-130 round steel 24,800 yuan/ton (by electricity); 2) 32,000 yuan/ton for 310S material (150-300) and 33,000 yuan/ton for 65-130; 26,000 yuan/ton of 309S material ~ 65-130; 3), S32750(F53) material ￠150-300 round steel 30200 yuan/ton; 65-130 round steel is 33,000 yuan/ton. S32760(F55) material ￠65-130 round steel 37000 yuan/ton. 4) 316l ~ 65-130 round steel is 27,000 yuan/ton; 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) 15,100 yuan/ton for 304 round steel (150-300) and 16,000 yuan/ton for 65-130; 18,000 yuan/ton of 321H material ~ 65-130; 20200 yuan/ton of 347H material ~ 65-130; 6), No.7718 ~ 200-250 round steel 172,000 yuan/ton; 65-130 round steel 173,000 yuan/ton; 7), No.8810 ~ 200-250 round steel 64500 yuan/ton; 65-130 round steel 65,500 yuan/ton. 8), NO8926/1.4529 material ￠200-250 round steel 88000 yuan/ton, ￠65-130 round steel 76000 yuan/ton; 9) NO8825 material: 92,000 yuan/ton for 200-250 round steel and 95,000 yuan/ton for 65-130 round steel; 10), No.8028 ~ 200-250 round steel 82000 yuan/ton, ~ 65-130 round steel 83000 yuan/ton; 11), No.8120 ~ 200-250 round steel 84000 yuan/ton, ~ 65-130 round steel 86000 yuan/ton; 12), 630 material (17-4)￠150-300 round steel 15900 yuan/ton, ￠65-130 round steel 15900 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) 185,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 185,000 yuan/ton; 14) 115,000 yuan/ton of NO6601 material (200-250); 116,000 yuan/ton for 65-130. 15) 130,000 yuan/ton of NO6600 material (200-250); 132,000 yuan/ton for 65-130. 16) 200,000 yuan/ton for NO10276￠200-250-250; 65-130 round steel 202,000 yuan/ton; 17), XM-19 ~ 65-130 round steel 34300 yuan/ton; 18), S31254 material-65-130 round steel 61000 yuan/ton. 19), 904L material ￠65-130 round steel 62000 yuan/ton. 20), XM-19 material ￠65-130 round steel 34300 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 18600 yuan/ton. 21) 157,000 yuan/ton of NO3030 material (200-250); 65-130 round steel 159,000 yuan/ton. 155,000 yuan/ton of NO4400 material ~ 200-250; 22) 139,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 141000 yuan/ton. 23), 1.4460 material ￠65-130 round steel 23800 yuan/ton. 5. 【 Zhejiang Benji Pipe Reference Price 】 Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-38.3 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.3 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-32 yuan/kg; Stainless steel welded pipe 32168 material, specification 219-813*4-6 pickling and weighing delivery-25.1 yuan /kg. Fourth, statistical data: According to Mysteel research: On June 12, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,145,508 tons, an increase of 23,250 tons over last week and a decrease of 2.07%, of which: The total inventory of cold-rolled stainless steel was 629,183 tons, an increase of 6,458 tons or 1.04% over last week. The total inventory of hot-rolled stainless steel is 516,325 tons, an increase of 16,792 tons over last week, with an increase of 3.36%; The total inventory of 200 series was 195,956 tons, an increase of 7,642 tons or 4.06% over last week. The total inventory of 300 series is 686,039 tons, an increase of 5,487 tons over last week, with an increase of 0.81%; The total inventory of 400 series is 263,513 tons, 10,121 tons more than last week, with an increase of 3.99%. The caliber inventory of Wuxi 50 warehouse is 615,903 tons, an increase of 16,752 tons over last week, with an increase of 2.80%; The caliber inventory of Foshan 28 warehouse is 349,113 tons, which is 5,653 tons more than last week, with an increase of 1.56%. 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have 180,492 tons, an increase of 1,142 tons or 0.64% over last week. V. Market analysis On the nickel resource side, the supply of nickel ore in Indonesia remained tight in June, and the premium remained at a high level. However, the pressure on nickel-iron-stainless steel bars was heavy, and the upward trend of ore prices was suppressed to some extent. First-grade nickel maintains the trend of destocking, but its support for nickel price is limited. On the whole, when the resource end is suppressed by stainless steel, the driving force of the cost increase of Grade I nickel is weakened, while the policy of Indonesias supply side tends to be calm, and the persistence of additional support of Grade I nickel demand end in the second half of the year is in doubt, while the upward driving force of nickel price is weakened, and the downward cost support is strong, and the interval may tend to converge. 6. Indonesian Ministry of Energy and Mines responded to Qingshan Holdings suspension of stainless steel production in Indonesia. According to the Indonesian Ministry of Energy and Mineral Resources (ESDM), the follow-up decision of Qingshan Holding Group, the worlds largest stainless steel producer, to suspend production in Indonesia lies with the Ministry of Industry. Terry Venal, director of the General Bureau of Mines and Coal of ESDM, pointed out that Qingshan entered the Indonesian nickel smelter in the form of industrial business license (IUI), and the relevant licensing authority was under the jurisdiction of the Ministry of Industry. The Minister of Energy and Mines, Baal Lahadalia, admitted that he had not been informed of the news that Qingshan had stopped production in the Morowali Industrial Park (IMIP) in Sulawesi. Sudirman Weidi Hartono, Chairman of Indonesian Mining Association (Perhapi), pointed out that the sharp drop in nickel price this year has forced many nickel smelters to lower their production targets. Since 2025, the price of nickel on the London Metal Exchange has been under constant pressure, and it is currently hovering at the level of $15,000/ton, which is halved from the high of $30,000/ton in 2023. "On the one hand, global factors have led to an increase in the production cost of nickel, and the investment cost of building a nickel factory is as high as 10-20 trillion rupiah. On the other hand, the price of nickel has fallen sharply." Sudirman explained. This situation leads to the reduction of profit space of smelter and the aggravation of economic risk of the project. He said that it is a reasonable choice for nickel processing enterprises to take efficiency improvement measures to reduce the risk of loss. According to a report by Bloomberg on May 30, Qingshan has suspended some stainless steel production lines in Morovali Industrial Park in Central Sulawesi since May 2025. According to informed sources, this move stems from the fact that the price of stainless steel fell to the lowest point in five years in April 2025, and the insufficient supply of raw materials was also one of the reasons for the suspension of production. Macquarie Group data show that Qingshan takes advantage of Indonesian nickel mine to make China and India account for 71% of the worlds stainless steel production. However, Chinas economic slowdown has curbed demand, and the Trump administrations tariff policy in the United States has threatened the exports of the two countries.

Zhejiang Benji Stainless Steel Co., Ltd.,