he supply of molybdenum oxide is in short supply, and molybdenum stainless steel continues to rise, paying attention to the trend of leading production capacity in the industry.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On July 9, the closing price of nickel in London was $14,979, down $63, or 0.42%; The latest price of Shanghai Nickel 2508 is 119,610 yuan, up by 150 yuan, or 0.13%; Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7600 yuan /50 basis tons. Luoyang ferromolybdenum 255600 yuan/ton, up 9500 yuan. 2. The latest price of stainless steel 2508 is 12,815 yuan, up by 85 yuan, or 0.67%; The position was 86,944 lots and the turnover was 44,147 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9400 yuan/ton, 304 new punching plate and thick plate tube: 9300 yuan/ton, 304 industrial material and plate tube: 8900 yuan/ton, 304 oil punch and big nut core: 9200 yuan/ton; 2), 316 new material, laser plate, edge wire 17800, 316 industrial material, plate short and thick tube 17500; 3), 2205 black material 16900, white material 17700; 2507 black material 18800, white material 20100; 2520 black material 21000, white material 22800. 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: 14,500 yuan/ton for 304/NO.1; 15,100 yuan/ton of 321/ NO.1; 24,600 yuan/ton for 316L/NO.1 Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,100 yuan/ton, 321 material 18,300 yuan/ton, 316L material 27,300 yuan/ton. 2. Guide price of Dongte hot rolling: S30408 12,250 yuan/ton made of 4-12mm and 12,250 yuan/ton made of 14mm; 12,250 yuan/ton for 16mm; S31603 23,100 yuan/ton made of 4-12mm and 23,100 yuan/ton made of 14mm; 16mm 23100 yuan/ton; 310S hot rolled flat plate is 32,300 yuan/ton for 3mm, 32,000 yuan/ton for 4-12mm and 32,700 yuan/ton for 14mm. 3. Qingshan hot rolling: 304 material is 12,100 yuan/ton; Dingxin 2205 hot rolled 24,800 yuan/ton, Dingxin 310S material 3mm 32,100 yuan/ton, 4-10mm 31,800 yuan/ton. 4. Zhang Pu guide price: 12,450 yuan/ton for 304 material and 15,500 yuan/ton for 321 hot rolling; 316L hot rolling 23600 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 12,200 yuan/ton, 316L material is 22,800 yuan/ton, TP321 material is 14,900 yuan/ton, 321 material is 13,700 yuan/ton, and S22053 material is 23,200 yuan/ton, 310S s. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 16,300 yuan/ton of 347H material (160-360); 2) 23,100 yuan/ton for 2205 material ￠160-360 and 23,600 yuan/ton for 65-105 (negotiable); 3) 28,400 yuan/ton for 2507, 160-360 and 29,800 yuan/ton for 65-105; 4) 31,000 yuan/ton of 32,760 material (160-360) 5) 30,400 yuan/ton for 310S material ￠160-360 and 30,600 yuan/ton for 65-130. 6) 58,500 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 24900 yuan/ton (discussion); 65-130 round steel 25,100 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) 16,000 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 170,000 yuan/ton; 65-130 round steel 171,000 yuan/ton; 7), No.8810 ~ 200-250 round steel 63000 yuan/ton; 65-130 round steel 64000 yuan/ton. 8), NO8926/1.4529 material ￠200-250 round steel 87000 yuan/ton, ￠65-130 round steel 75000 yuan/ton; 9) NO8825 material: 90,000 yuan/ton for 200-250 round steel and 93,000 yuan/ton for 65-130 round steel; 10), No.8028 ~ 200-250 round steel 80000 yuan/ton, ~ 65-130 round steel 81000 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) 183,000 yuan/ton of NO6625 material (200-250); 65-130 round steel 178,000 yuan/ton; 14) 115,000 yuan/ton of NO6601 material (200-250); 116,000 yuan/ton for 65-130. 15) 129,000 yuan/ton of NO6600 material (200-250); 131,000 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) 142,000 yuan/ton of NO4400 material (200-250); 65-130 round steel 144000 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-24.7 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-38.1 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-28.6 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-18.7 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-24.9 yuan /kg. Fourth, statistical data: According to Mysteel research: In June 2025, the inventory of 15 mainstream stainless steel factories in China was 865,600 tons, a decrease of 1.59% from the previous month and 18.32% from the same period last year. Among them: 200 series was 309,400 tons, an increase of 11.50% from the previous month and a decrease of 0.90% year-on-year; 337,200 tons of 300 series, a decrease of 11.10% from the previous month and a decrease of 32.72% from the same period last year; The 400 series was 219,000 tons, a decrease of 1.71% month-on-month and 11.08% year-on-year. V. Market analysis According to Mysteel, according to sources, there was a shortage of about 350 to 400 tons of molybdenum oxide in July due to some transportation problems. The shortage is further aggravated by the limited supply caused by geopolitical tensions in the Middle East, which accounts for about 15% to 20% of Indias raw material market. Therefore, the sellers quotation keeps rising, and the transaction is also reached at this higher price level. The price of iron and molybdenum (molybdenum content 60%) in China rose by 16,000 yuan/ton (US$ 2,230/ton) in Zhou Du and reached 257,500 yuan/ton (US$ 35,893/ton) in Inner Mongolia. Due to tight supply and stable demand, the market performance remains strong. A well-known seller said that there is a serious shortage of molybdenum oxide in the market. Due to the shortage of molybdenum oxide, the price of ferromolybdenum is expected to rise further in the short term. However, the buyers acceptance will determine the size of the price increase. The price of nickel ore is firm, Indonesias domestic trade price is firm, and the price of ferronickel is flat to around 905 yuan/nickel point. Most domestic iron mills are in a state of loss. Some downstream steel mills have reduced production due to profit factors, but domestic and foreign consumption has weakened, and there is still pressure on storage in the later period; At the beginning of April, the price of stainless steel fell sharply due to the impact of tariffs. Since then, it has not followed nickel to achieve repair. Instead, it has continued to hit a new low, with a high basis but more reflecting the narrowing of the cost space below. In mid-June, the spot has not improved, and the basis has weakened under pessimism. From the terminal point of view, the downstream consumption industry of stainless steel is scattered, and the daily hardware and industrial machinery are widely distributed. Therefore, unlike the black series, the production and sales of stainless steel have a low correlation with the real estate cycle. In the past few years, it has been able to maintain a growth rate close to that of the macro economy. Although the overall price has been falling all the way, stainless steel can basically maintain a small profit and high yield. However, the situation changed in 2025. In the second half of the year, tariffs will gradually land, and overlapping countries will make up for the decline, and demand expectations are not good. It is worth noting that Chinas direct exports of stainless steel to the United States account for only 4%, and the possible exports to Vietnam account for only 8%. The negative impact of the US tariff shock on the overall demand for stainless steel can be roughly estimated to be within 5%, but the domestic demand expectation is relatively pessimistic after the state subsidy stimulus gradually recedes. Follow-up attention is paid to domestic policy reserves and spot demand performance in the traditional peak season. Generally speaking, the demand for stainless steel in the second half of the year is not expected to be good, and the short-term market rhythm pays attention to the trend of leading steel mills.

Zhejiang Benji Stainless Steel Co., Ltd.,