Jin Jiu has seen weak downstream demand, and stainless steel prices have returned to fundamentals.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report:
1. Nickel: On September 9, London nickel closed at $15,105, down $124, or 0.81%; The latest price of Shanghai Nickel 2511 is 120,370 yuan, down by 0.47% in 570 yuan. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8850 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 289,300 yuan/ton, down 1,500 yuan.
2. The latest price of stainless steel 2511 is 12,905 yuan, down by 0.19% in 25 yuan; The position was 122,776 lots and the turnover was 59,560 lots.
3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton):
1) 304 new material and laser plate: 9700 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 with large nut core: 9150 yuan/ton;
2), 316 new material, laser plate, edge wire 19200, 316 industrial material, plate short and thick tube 18900;
3), 2205 black material 18500, white material 19000; 2507 black material 19500, white material 21000; 2520 black material 21300, 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 rolled flat plate: 15,400 yuan/ton for 304/NO.13mm and 15,400 yuan/ton for 3mm; 15,750 yuan/ton of 321/ NO.1; 27300 yuan/ton for 316L/NO.1
Medium plate (trimmed, thickness: 14-20mm, width: 1500mm)304 material-16,450 yuan/ton, 321 material 18,400 yuan/ton, 316L material 29,000 yuan/ton.
2, Dongte Hot Rolling Wuxi Guide Price:
S30408 is made of 12,750 yuan/ton for 4-12mm and 12,750 yuan/ton for 14mm; 12,750 yuan/ton for 16mm;
S31603 25,150 yuan/ton made of 4-10mm and 25,150 yuan/ton made of 12mm;
S22053 27250 yuan/ton made of 4-10mm and 27950 yuan/ton made of 12mm,
32500 yuan/ton for 3mm, 32200 yuan/ton for 4-12mm and 32900 yuan/ton for 14mm hot rolled flat plate.
3. Qingshan Hot Rolling: 304 material is 12,850 yuan/ton;
25,600 yuan/ton for 3mm for 316L material, 25,300 yuan/ton for 4-10mm for 316L material;
Dingxin 2205 hot-rolled hot-rolled flat plate is 27850 yuan/ton for 3mm and 27650 yuan/ton for 4-10mm,
Dingxin 310S is made of 32,300 yuan/ton of 3mm and 32,000 yuan/ton of 4-10mm.
4. Zhang Pu guide price: 12,900 yuan/ton for 304 material and 15,500 yuan/ton for 321 hot rolling; 316L hot rolling 25600 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 12,850 yuan/ton, 316L material is 24,750 yuan/ton, TP321 material is 15,550 yuan/ton, 321 material is 14,350 yuan/ton, and S22053 material is 26,350 yuan/ton, 310S s.
2. 【 Zhejiang Friendship New Material Continuous Casting Slab 】
1) 17,250 yuan/ton of 347H continuous casting billet made of 160-360.
2) 26,200 yuan/ton for continuous casting billet made of 2205, 160-360 and 26,500 yuan/ton for bar made of 65-105;
3) 31,500 yuan/ton for continuous casting billet made of 2507 ￠160-360, and x yuan/ton made of 65-105 (negotiable);
4) 34,100 yuan/ton of continuous casting billet made of 32,760 ~ 160-360
5) 30800 yuan/ton for continuous casting billet made of 310S ~ 160-360 and 30900 yuan/ton for bar made of 65-130.
6) X Yuan/ton of 904L material (160-360) (negotiable).
3. 【 Yongxing Bar-65-130 】 304 material is 16,000 yuan/ton, TP321 material is 18,300 yuan/ton, 316L material is 29,000 yuan/ton, 316LGB material is 31,600 yuan/ton, and S22053 material is 31,500 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 26,500 yuan/ton;
3), S32750(F53) material ￠150-300 continuous casting circle 32500 yuan/ton; 65-130 round steel 35300 yuan/ton. S32760(F55) material ￠65-130 round steel 39300 yuan/ton.
4) 316l ~ 65-130 round steel is 28,000 yuan/ton; 316ti ~ 65-130 round steel 28,600 yuan/ton; National standard 316l ~ 65-130 round steel 32500 yuan/ton; German standard 316 material-65-130 round steel 29500 yuan/ton; 317L ~ 65-130 round steel 35700 yuan/ton;
5), 304 material ￠150-300 continuous casting round 15100 yuan/ton, ￠65-130 round steel 15500 yuan/ton; 321H round steel (65-130) is 18,200 yuan/ton; Round steel of 347H material ￠65-130 is 20400 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 64500 yuan/ton; 65-130 round steel 65,500 yuan/ton.
8), No.8926/1.4529 forged round steel is 91,000 yuan/ton, and 65-130 round steel is 79,000 yuan/ton;
9), NO8825 material ￠200-250 forging round 93500 yuan/ton, ￠65-130 round steel 96500 yuan/ton;
10), No.8028 ~ 200-250 forged round 81500 yuan/ton, ~ 65-130 round steel 82500 yuan/ton;
11), No.8120 ~ 200-250 forged round 85500 yuan/ton, ~ 65-130 round steel 87500 yuan/ton;
12), 630 material (17-4), 150-300 continuous casting round 16500 yuan/ton, 65-130 round steel 16500 yuan/ton; 631 material (17-7)-65-130 round steel 19,600 yuan/ton; 632 material (15-7mo) ~ 65-130 round steel 29900 yuan/ton;
13) The forged round made of NO6625 (200-250) is 188,000 yuan/ton; 65-130 round steel 182,000 yuan/ton;
14) The forged round made of NO6601 (200-250) is 119,000 yuan/ton; 120,000 yuan/ton for 65-130.
15) Forged round made of NO6600 ~ 200-250 is 132,000 yuan/ton; 134,000 yuan/ton for 65-130.
16), No.10276 ~ 200-250 forging round 207000 yuan/ton; 65-130 round steel 209,000 yuan/ton;
17), XM-19 ~ 65-130 round steel 34300 yuan/ton;
18), S31254 material-65-130 round steel 64000 yuan/ton.
19), 904L material ￠65-130 round steel 65000 yuan/ton.
20), XM-19 material ￠65-130 round steel 34800 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 19200 yuan/ton.
21) Forged round made of NO3030 ~ 200-250 is 161,000 yuan/ton; 65-130 round steel 163,000 yuan/ton.
155,000 yuan/ton of NO4400 material ~ 200-250;
22) Forged round made of NO4400 ~ 200-250 is 148,000 yuan/ton; 65-130 round steel 150,000 yuan/ton.
23), 1.4460 material ￠65-130 round steel 24800 yuan/ton.
5. 【 Zhejiang Benji Pipe Reference Price 】
Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25.5 yuan/kg;
Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-40.1 yuan/kg;
Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.5 yuan/kg;
Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.2 yuan/kg;
Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-33.6 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 September 8, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,053,574 tons, which was 29,382 tons less than last week, with a decrease of 2.71%, including:
The total inventory of cold-rolled stainless steel is 614,601 tons, which is 8,590 tons less than last week, a decrease of 1.38%;
The total inventory of hot-rolled stainless steel was 438,973 tons, a decrease of 20,792 tons or 4.52% compared with last week.
The total inventory of 200 series is 1,930,839 tons, which is 3,060 tons less than last week, with a decrease of 1.58%;
The total inventory of 300 series is 640,868 tons, which is 13,661 tons less than last week, a decrease of 2.09%;
The total inventory of 400 series is 221,867 tons, a decrease of 12,661 tons or 5.40% compared with last week;
The caliber inventory of Wuxi 50 warehouse is 596,575 tons, which is 9,912 tons less than last week, a decrease of 1.63%;
The caliber inventory of Foshan 28 warehouse is 313,194 tons, a decrease of 7,227 tons or 2.26% compared with last week.
11 warehouses in Zibo, Jieyang, Shenyang and Xi an have a caliber inventory of 156,048 tons, a decrease of 5,640 tons or 3.49% compared with last week.

V. Market analysis
Yesterday, the domestic ferromolybdenum showed a steady decline, and the transaction was light.
At present, the downstream demand of stainless steel is still weak. Although domestic stainless steel enterprises have reduced production, the inventory is still high. The price of nickel fell and the speculation of "anti-involution" cooled down, and the price of stainless steel returned to the fundamentals. At present, the prices of stainless steel and nickel have run to a low position, so it is necessary to be cautious to chase after the air. The nickel price of 120,000 may face certain cost support. This year, Indonesias RKAB quota approval has reached 360 million, which is enough to meet the demand during the year; In the first half of the year, the consumption was only 120 million, and the current supply of nickel ore in Indonesia is relatively loose. Indonesias hydrometallurgical pure nickel process still has a profit margin of more than 20%. It is difficult to reverse the oversupply trend of pure nickel, so it should be treated with the idea of rebounding and selling short, and stainless steel can also be considered to sell short on rallies.

Zhejiang Benji Stainless Steel Co., Ltd.,