Strict environmental regulations limit the production capacity of new molybdenum mines, and the price of molybdenum stainless steel bars has exceeded the same period three years ago.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On August 22, London nickel closed at $15,100, up by $171, with a width of 1.15%; The latest price of Shanghai Nickel 2510 is 120,150 yuan, up by 540 yuan, or 0.45%; Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 7800 yuan /50 basis ton, up by 50 yuan. The reference price of Luoyang ferromolybdenum FeMo60 is 285,400 yuan/ton, up 4,500 yuan. 2. The latest price of stainless steel 2510 is 12,825 yuan, up by 70 yuan, or 0.55%; The position was 144,941 lots and the turnover was 64,735 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9750 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: 9150 yuan/ton; 2), 316 new material, laser plate, edge wire 18900, 316 industrial material, plate short and thick tube 18700; 3), 2205 black material 18200, white material 19000; 2507 black material 19200, white material 20800; 2520 black material 21200, white material 23300. 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; 15,550 yuan/ton of 321/ NO.1; 26,900 yuan/ton for 316L/NO.1 Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,250 yuan/ton, 321 material 18,300 yuan/ton, 316L material 28,300 yuan/ton. 2. Wuxi market price of Dongte hot rolling: S30408 is made of 12,650 yuan/ton for 4-12mm and 12,650 yuan/ton for 14mm; 12,650 yuan/ton for 16mm; S31603 25,050 yuan/ton made of 4-10mm and 25,250 yuan/ton made of 12mm; S22053 27250 yuan/ton made of 4-10mm and 27950 yuan/ton made of 12mm, 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 12,500 yuan/ton; 25,350 yuan/ton for 316L material with 3mm, 25,050 yuan/ton for 316L material with 4-10mm; Dingxin 2205 hot-rolled hot-rolled flat plate is 27,400 yuan/ton for 3mm and 27,200 yuan/ton for 4-10mm, Dingxin 310S is made of 32,200 yuan/ton of 3mm and 31,900 yuan/ton of 4-10mm. 4. Zhang Pu guide price: 12,800 yuan/ton for 304 material and 15,600 yuan/ton for 321 hot rolling; 316L hot rolling 25100 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 12750 yuan/ton, 316L material is 24500 yuan/ton, TP321 material is 15450 yuan/ton, 321 material is 14250 yuan/ton, and S22053 material is 25600 yuan/ton, 310S. 2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】 1) 17,050 yuan/ton of 347H continuous casting billet made of 160-360. 2) 26,000 yuan/ton for continuous casting billet made of 2205, 160-360 and 26,300 yuan/ton for bar made of 65-105; 3) 31,300 yuan/ton for continuous casting billet made of 2507 ￠160-360, and x yuan/ton made of 65-105 (negotiable); 4) 33,100 yuan/ton of continuous casting billet made of 32,760 ~ 160-360 5) 30600 yuan/ton for continuous casting billet made of 310S ~ 160-360 and 30700 yuan/ton for bar made of 65-130. 6) X Yuan/ton of 904L material (160-360) (negotiable). 3. 【 Yongxing Bar-65-130 】 304 is 15,500 yuan/ton, TP321 is 17,800 yuan/ton, 316L is 27,500 yuan/ton, 316LGB is 30,100 yuan/ton, and S22053 is 29,500 yuan/ton. 4. [Fukai Sales Price]: 1), 2205(F60) material ￠150-300 round steel X yuan/ton (discussion); 65-130 round steel X yuan/ton (by electricity); 2) 32300 yuan/ton for 310S continuous casting round (150-300) and 33300 yuan/ton for round steel (65-130); Round steel made of 309S ~ 65-130 is 26,000 yuan/ton; 3), S32750(F53) material ￠150-300 continuous casting circle 30500 yuan/ton; 65-130 round steel 33300 yuan/ton. S32760(F55) material ￠65-130 round steel 37300 yuan/ton. 4), 316l ~ 65-130 round steel 27500 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), 304 material ￠150-300 continuous casting round 15100 yuan/ton, ￠65-130 round steel 15500 yuan/ton; 321H round steel made of 65-130 is 18,000 yuan/ton; Round steel of 347H material ￠65-130 is 20200 yuan/ton; 6) No.7718 ~ 200-250 forging round 172,000 yuan/ton; 65-130 round steel 173,000 yuan/ton; 7), No.8810 ~ 200-250 forging round 63500 yuan/ton; 65-130 round steel 64500 yuan/ton. 8), NO8926/1.4529 forged round steel, 200-250 round steel, 88,000 yuan/ton, 65-130 round steel, 76,000 yuan/ton; 9), NO8825 material ￠200-250 forged round 91500 yuan/ton, ￠65-130 round steel 94500 yuan/ton; 10), No.8028 ~ 200-250 forged round 80500 yuan/ton, ~ 65-130 round steel 81500 yuan/ton; 11), No.8120 ~ 200-250 forged round 84500 yuan/ton, ~ 65-130 round steel 86500 yuan/ton; 12), 630 material (17-4), 150-300 continuous casting round 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) The forged round made of NO6625 (200-250) is 187,000 yuan/ton; 65-130 round steel 181,000 yuan/ton; 14) Forged round made of NO6601 (200-250) is 117,000 yuan/ton; 118,000 yuan/ton for 65-130. 15) Forged round made of NO6600 ~ 200-250 is 131,000 yuan/ton; 133,000 yuan/ton for 65-130. 16), No.10276 ~ 200-250 forging round 205,000 yuan/ton; 65-130 round steel 207,000 yuan/ton; 17), XM-19 ~ 65-130 round steel 34300 yuan/ton; 18), S31254 material-65-130 round steel 62000 yuan/ton. 19), 904L material ￠65-130 round steel 63000 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) Forged round made of NO3030 ~ 200-250 is 159,000 yuan/ton; 65-130 round steel 161000 yuan/ton. 155,000 yuan/ton of NO4400 material ~ 200-250; 22) Forged round made of NO4400 ~ 200-250 is 146,000 yuan/ton; 65-130 round steel 148,000 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-25.3 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-39.7 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-19.1 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-33.5 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 August 21st, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,091,745 tons, an increase of 12,845 tons over last week, with an increase of 1.19%, including: The total inventory of cold-rolled stainless steel was 622,061 tons, an increase of 11,343 tons or 1.86% over last week. The total inventory of hot-rolled stainless steel is 469,684 tons, an increase of 1,502 tons over last week, with an increase of 0.32%; The total inventory of 200 series is 192,283 tons, which is 6,579 tons less than last week, with a decrease of 3.31%. The total inventory of 300 series is 658,695 tons, an increase of 14,207 tons over last week, with an increase of 2.20%; The total inventory of 400 series is 240,767 tons, an increase of 5,217 tons over last week, with an increase of 2.21%; The caliber inventory of Wuxi 50 warehouse is 614,583 tons, an increase of 4,441 tons over last week, with an increase of 0.73%; The caliber inventory of Foshan 28 warehouse is 315,474 tons, which is 1,184 tons more than last week, with an increase of 0.38%. 11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 161,688 tons, an increase of 7,220 tons or 4.67% over last week. V. Market analysis 1. Molybdenum iron: In terms of supply, the reduction of domestic ore grade and stricter environmental protection regulations limit the production capacity of new molybdenum mines, and some mines are undergoing maintenance. In July, a large molybdenum mine accident in Inner Mongolia expanded the monthly gap; In August, the centralized maintenance of mines was superimposed by environmental protection inspectors (the cost of renovation of a single plant exceeded 10 million), and small and medium-sized smelters reduced production/stopped production, and the capacity utilization rate declined, and some of them were "out of stock"; In addition, due to community conflicts and tightened export policies, the main producing countries in South America have limited import supplements. On the demand side, the output of stainless steel and special steel has increased. The purchase volume of steel mills remained stable, and the demand from new energy and national defense supported the market. Therefore, domestic ferromolybdenum continued to climb this years peak. Traditional fields: the demand for stainless steel and special steel has increased against the trend; Orders for energy, chemical and nuclear power components increased by 25%, driving the monthly consumption growth rate of ferromolybdenum by 8%. New energy explosion: the installed capacity of wind power surged in the first half of the year, driving demand to exceed 5,000 tons; The expansion of photovoltaic modules has doubled the purchase volume of head enterprises in a single season; The consumption of molybdenum and iron for new energy vehicles exceeded 2 kg, and it continued to grow with the expansion of market scale. At the same time, American and European ferromolybdenum (Mo; 70%) prices rose by $2/kg from the previous week, reaching $58/kg and $57/kg respectively. The short-term high price of ferromolybdenum is strong, and it is difficult to quickly alleviate the supply-side accidents, maintenance and environmental protection restrictions. The demand for new energy rigidly supports the price, and it is expected that the high price will remain strong and fluctuate, and further increase will not be ruled out. In the long run, it is necessary to be wary of steel mills cutting production due to high costs, or triggering a phased decline in demand, and prices may face callback pressure. 2. Nickel: The nickel mine in the Philippines is seasonally heavy, and the supply at the mine end is abundant. However, the Indonesian President said that illegal mining will be severely punished, and there is still support below the price of nickel mine; At the smelting end, the import volume of ferronickel and nickel sulfate continued to increase year-on-year in July, and the import and export volume of refined nickel increased, and the production capacity of each link was still abundant; On the demand side, the off-season of consumption is not over yet, so we should pay attention to the boosting effect of the upcoming traditional peak season on demand. 3. Stainless steel: On August 23rd three years ago, the price of Qingshan stainless steel bar was 24,300 yuan/ton. Yesterday, Qingshan stainless steel bar was closed, and the actual transaction price in the market was 24,500 yuan/ton, which was higher than the price of the same period three years ago by 200 yuan/ton.

Zhejiang Benji Stainless Steel Co., Ltd.,