铬铁、镍铁及废料价格皆承压，不锈钢成本支撑边际松动-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On October 31, the closing price of nickel in London was $15,226, down $4, or 0.03%; The latest price of Shanghai Nickel 2512 is 120,700 yuan, up by 60 yuan, or 0.05%; Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8750 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 was 267,900 yuan/ton, down by 500 yuan. 2. The latest price of stainless steel 2512 is 12,625 yuan, down by 0.39% in 50 yuan; The position was 77,961 lots and the turnover was 66,911 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) 304 new material and laser plate: 9150 yuan/ton; 304 new punching plate and short pipe head thickness: 9000 yuan/ton; 304 industrial material and thick plate pipe: 8600 yuan/ton; 304 oil punch and big nut core: 8600 yuan/ton; 2), 316 new material, laser plate, edge wire 18100, 316 industrial material, plate short and thick tube 17700; 3), 2205 black material 17800, white material 18200; 2507 black material 19000, white material 19500; 2520 black material 20000, white material 21500. Delivery place: A113 (Yongchang Metal), South of No.15 Road, Binhai No.1 Road, Longwan District, Wenzhou City (invoice with tax included, plus tax point) Second, Wuxi stainless steel coil reference price 1, Taigang hot rolling Wuxi price: 300 hot rolled flat plate: 13,300 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1, and 13,000 yuan/ton for 4-10mm; 321/ NO.1 is 16,200 yuan/ton for 3-6mm and 16,600 yuan/ton for 8-10mm; The raw edge of 4.0-10.0*1500*C of 316L/NO.1 is 25,200 yuan/ton. 2. Wuxi guide price of Dongte hot rolled flat plate: 3.0*1500*6000 burr of 304/NO.1 is 12700 yuan/ton, and 4.0-12.0*1500*6000 burr is 12600 yuan/ton; 3.0*1500*6000 burr of 316L/NO.1 is 24700 yuan/ton, 4.0-10.0*1500*6000 burr is 24400 yuan/ton, and 12.0*1500*6000 burr is 24600 yuan/ton; ; S22053 27350 yuan/ton made of 4-10mm and 28050 yuan/ton made of 12mm, 32200 yuan/ton for 3mm, 31900 yuan/ton for 4-12mm and 32600 yuan]/ton for 14mm hot rolled flat plate in 310S. 3. Castle Peak Hot Rolling: 3.0-12.0*1500*6000 burr of 304/NO.1 is 12650 yuan/ton, 3.0*1500*6000 burr of 316L material /NO.1 is 25000 yuan/ton, and 4.0-12.0*1500*6000 burr is 24700 yuan. Dingxin 2205 hot-rolled hot-rolled flat plate is 27250 yuan/ton for 3mm and 27250 yuan/ton for 4-10mm, Dingxin 310S is made of 31,900 yuan/ton of 3mm and 31,600 yuan/ton of 4-10mm. 4. Zhang Pu price: 12,950 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 25,600 yuan/ton for 3.0*1500*6000 of 316L/NO.1, and 4.0-8.0*1500*6000. 10.0-12.0*1500*6000 burr 25500 yuan/ton; 3.0-5.0*1500*6000 burr of 321/NO.1 is 15600 yuan/ton, and 6.0-10.0*1500*6000 burr is 15950 yuan/ton. III. Reference price of stainless steel tubes and rods 1. [November price of Qingshan round steel-65-130] S30400 material is 12,500 yuan/ton, 316L material is 23,300 yuan/ton, TP321 material is 15,100 yuan/ton, 321 material is 13,900 yuan/ton, and S22053 material is 24,800 yuan/ton, 310S. 2. [New Materials of Zhejiang Friendship] 1) 16,400 yuan/ton of 347H continuous casting billet made of 160-360. 2) 25,200 yuan/ton for continuous casting billet made of 2205, 160-360 and 25,400 yuan/ton for bar made of 65-105; 3) 30,000 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) The continuous casting billet made of 310S ￠160-360 is 29,650 yuan/ton, and the bar made of 65-130 is 29,650 yuan/ton. 6) 59,400 yuan/ton for 904L material ￠160-360 and x yuan/ton for 65-105 (negotiable). 7) 30600 yuan/ton of continuous casting billet made of 317L ~ 160-360. 8) 23,800 yuan/ton of 316H material (150 * 150-240 * 240), 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 26800 yuan/ton; 2) 31300 yuan/ton for continuous casting round of 310S material (150-300) and 32300 yuan/ton for round steel of 65-130; Round steel made of 309S ~ 65-130 is 26,000 yuan/ton; 3), S32750(F53) material ￠150-300 continuous casting circle 32500 yuan/ton; 65-130 round steel is 33,800 yuan/ton. S32760(F55) material ￠65-130 round steel 37800 yuan/ton. 4) 316l ~ 65-130 round steel is 26,600 yuan/ton; 316ti ~ 65-130 round steel 28,000 yuan/ton; National standard 316l ~ 65-130 round steel 31500 yuan/ton; German standard 316 material-65-130 round steel 29,000 yuan/ton; 317L ~ 65-130 round steel 34200 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 17,800 yuan/ton; 347H round steel of 65-130 is 19,400 yuan/ton; 6), No.7718 ~ 200-250 forging round X yuan/ton; 65-130 round steel X yuan/ton; 7), No.8810 ~ 200-250 forging round 61500 yuan/ton; 65-130 round steel 62500 yuan/ton. 8), No.8926/1.4529 forged round steel ~ 200-250 round steel 86000 yuan/ton, ~ 65-130 round steel 76000 yuan/ton; 9), NO8825 material ￠200-250 forged round 88500 yuan/ton, ￠65-130 round steel 91500 yuan/ton; 10), No.8028 ~ 200-250 forging round 79500 yuan/ton, ~ 65-130 round steel 80500 yuan/ton; 11), No.8120 ~ 200-250 forging round X yuan/ton, ~ 65 ~ 130 round steel X yuan/ton; 12), 630 material (17-4), 150-300 continuous casting round 15700 yuan/ton, 65-130 round steel 15700 yuan/ton; 631 material (17-7)-65-130 round steel 18,600 yuan/ton; 632 material (15-7mo) ~ 65-130 round steel X yuan/ton; 13), NO6625 material-200-250 forged round 180,000 yuan/ton; 65-130 round steel 174,000 yuan/ton; 14) Forged round made of NO6601 (200-250) is 114,000 yuan/ton; 115,000 yuan/ton for 65-130. 15) Forged round made of NO6600 ~ 200-250 is 124,000 yuan/ton; 126,000 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 33800 yuan/ton; 18), S31254 material-65-130 round steel 63000 yuan/ton. 19), 904L material ￠65-130 round steel 63500 yuan/ton. 20), XM-19 material ￠65-130 round steel 33800 yuan/ton, 15-5PH(XM-12) material ￠65-130 round steel 18200 yuan/ton. 21) Forged round of NO3030 material (200-250) X yuan/ton; 65-130 round steel x yuan/ton. 155,000 yuan/ton of NO4400 material ~ 200-250; 22) Forged round made of NO4400 ~ 200-250 is 138,000 yuan/ton; 65-130 round steel 140,000 yuan/ton. 23), 1.4460 material-65-130 round steel x 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-38.5 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-19.1 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-33.1 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 October 30, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 1,031,096 tons, an increase of 3,694 tons over last week, with an increase of 0.36%, of which: The total inventory of cold-rolled stainless steel was 626,469 tons, an increase of 651 tons or 0.10% over last week. The total inventory of hot-rolled stainless steel was 4,046,274 tons, an increase of 3,043 tons or 0.76% over last week. The total inventory of 200 series was 186,873 tons, an increase of 4,103 tons over last week, with an increase of 2.24%; The total inventory of 300 series is 651,940 tons, an increase of 2,614 tons over last week, with an increase of 0.40%; The total inventory of 400 series is 192,283 tons, which is 3,023 tons less than last week, a decrease of 1.55%; The caliber inventory of Wuxi 50 warehouse is 598,711 tons, which is 2,374 tons less than last week, a decrease of 0.39%; The caliber inventory of Foshan 28 warehouse is 306,045 tons, which is 3,408 tons more than last week, with an increase of 1.13%. Zibo, Jieyang, Shenyang and Xi an have a stock of 126,340 tons, an increase of 2,660 tons or 2.15% over last week. V. Market analysis On November 3, the domestic ferromolybdenum market continued to show a downward trend, with the tender price falling to 260,000 yuan and the mainstream spot price ranging from 260,000 yuan to 264,000 yuan/ton. The domestic price of nickel ore in Indonesia is running smoothly, and we are concerned about the approval of RKAB next year. In terms of nickel sulfate, the price of nickel sulfate is firm under the pressure of raw material cost because the spot of intermediate products remains tight. In terms of supply and demand, the spot transaction atmosphere of refined nickel is general, the supply remains high, and the inventory at home and abroad maintains the accumulation trend. On the whole, refined nickel stocks tend to accumulate, which continuously suppresses nickel prices. However, because the surplus logic has been fully traded, the fundamental drive is limited at present. In October, the estimated domestic output of stainless steel crude steel was 3,446,200 tons, and in November, the output was 3,375,200 tons, a decrease of 2.06% month-on-month and an increase of 1.71% year-on-year. Recently, the profit of stainless steel 201 was obviously upside down, and some steel mills jointly reduced production by 201, but the supply of 304 did not change much. On the demand side, demand has gradually entered the traditional off-season, terminal consumption is weak, downstream confidence in the market outlook is insufficient, and the market trading atmosphere is weak. The prices of ferrochromium, ferronickel and scrap are all under pressure, and the marginal cost support of stainless steel is loose. Although some 201 series have reduced production, the overall production schedule is still at a high level, and the demand is difficult to improve significantly. The price of stainless steel may fluctuate weakly within a narrow range.

Zhejiang Benji Stainless Steel Co., Ltd.,