The global market of ferromolybdenum is rising, and the cost, expectation and emotion are all pulling up violently in stainless steel.-Zhejiang Benji Stainless Steel Co., Ltd

First, the raw material report: 1. Nickel: On January 9, London nickel closed at $17,895, down $629, or 3.40%; The latest price of Shanghai Nickel 2602 is 139,440 yuan, down 3,470 yuan, or 2.43%. Shanghai high carbon ferrochromium FeCr55C1000(50 basis) 8750 yuan /50 basis tons. The reference price of Luoyang ferromolybdenum FeMo60 is 264,400 yuan/ton, up by 500 yuan. 2. The latest price of stainless steel 2603 is 13,885 yuan, up by 60 yuan, or 0.43%; The position was 122,891 lots and the turnover was 297,406 lots. 3, Fujian Qingtuo renewable resources Yongchang freight yard waste stainless steel purchase price (yuan/ton): 1) Edge wire of 304 super laser plate: 9900 yuan/ton, new material of 304, thick tube of white stamping plate: 9800 yuan/ton, industrial material of 304, thick tube of 304, and large nut core of 304 oil punch: 9100 yuan/ton; 2), 316 new material laser plate, edge wire 18700, 316 industrial material, plate short and thick tube 18500; 3), 2205 black material 17500, white material 18100; 2507 black material 18300, white material 20000; 2520 black material 19800, white material 21800. 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: 14,200 yuan/ton for 3.0 * 1,500 * 6,000 mm for 304/NO.1, and 13,900 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 25,100 yuan/ton. 2. Wuxi guide price of Dongte hot rolled flat plate: 3.0*1500*6000 burr of 304/NO.1 is 13400 yuan/ton, and 4.0-12.0*1500*6000 burr is 13300 yuan/ton; 3.0*1500*6000 burr of 316L/NO.1 is 23,900 yuan/ton, 4.0-10.0*1500*6000 burr is 23,600 yuan/ton, and 12.0*1500*6000 burr is 23,800 yuan/ton; S22053 26,700 yuan/ton made of 4-10mm and 27,400 yuan/ton made of 12mm, 31700 yuan/ton for 3mm, 31400 yuan/ton for 4-12mm and 32100 yuan]/ton for 14mm hot rolled flat plate. 3. Castle Peak Hot Rolling: The 3.0-12.0*1500*6000 burr of 304/NO.1 is 13250 yuan/ton, the 3.0*1500*6000 burr of 316L material /NO.1 is 23900 yuan/ton, and the 4.0-12.0*1500*6000 burr is 23600 yuan. Dingxin 2205 hot-rolled hot-rolled flat plate is 26,900 yuan/ton for 3mm and 26,650 yuan/ton for 4-10mm, Dingxin 310S is made of 31,250 yuan/ton of 3mm and 30,950 yuan/ton of 4-10mm. 4. Zhang Pu price: 13,850 yuan/ton for 4.0-8.0*1500*6000 of 304/NO.1, 25,400 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 25300 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. [The price of Qingshan Round Steel is 65-130 in January] S30400 material is 13,000 yuan/ton, 316L material is 24,100 yuan, 1.4571 European standard material is 25,500 yuan/ton, TP321 material is 15,800 yuan/ton, and 321 material is 14,600 yuan/ton. 2. [New Materials of Zhejiang Friendship] 1) 18,300 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 26,400 yuan/ton for bar made of 65-105; 3) 31,200 yuan/ton of continuous casting billet made of 2507, 160-360 and 32,900 yuan/ton of 65-105; 4) 34,400 yuan/ton of continuous casting billet made of 32,760 ~ 160-360. 5) 32500 yuan/ton for continuous casting billet made of 310S ~ 160-360 and 32700 yuan/ton for bar made of 65-130. 6) 63,500 yuan/ton for 904L material ￠160-360, and x yuan/ton for ￠65-105 (negotiable). 7) The continuous casting billet made of 317L ~ 160-360 is 32,600 yuan/ton. 8) 25,300 yuan/ton of 316H material (150 * 150-240 * 240), 3. 【 Yongxing Bar-65-130 】 304 material is 15,800 yuan/ton, TP321 material is 18,200 yuan/ton, 316L material is 28,500 yuan/ton, 316LGB material is 31,300 yuan/ton, and S22053 material is 30,000 yuan/ton. 4. 【 Sales price of Fukai bar 】: 1) Round steel of 65-130: 30,000 yuan/ton for German standard 316, 36,600 yuan/ton for 904L, 35,200 yuan/ton for 310S, 27,200 yuan/ton for 2205(F60) and S32750(F53). 3) Round steel of 65-130: 165,000 yuan/ton for N07718, 98,500 yuan/ton for N06625, 70,000 yuan/ton for N08810, 86,700 yuan/ton for N08828 and 88,000 yuan/ton for N08020. 5. 【 Zhejiang Benji Pipe Reference Price 】 Stainless steel seamless pipe 30408 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-25.7 yuan/kg; Stainless steel seamless pipe S31603 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-39.8 yuan/kg; Stainless steel seamless pipe S32168 material, specification 25*2*6000 cold-drawn pipe pickling weighing delivery-29.6 yuan/kg; Stainless steel welded pipe 30408 material, specification 219-813*4-6 pickling and weighing delivery-19.8 yuan/kg; Stainless steel welded pipe S31603 material, specification 219-813*4-6 pickling and weighing delivery-32.3 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 January 8, 2025, the social stock of stainless steel 89 warehouse in the national mainstream market was 948,301 tons, which was 29,066 tons less than last week, with a decrease rate of 2.97%, including: The total inventory of cold-rolled stainless steel is 570,846 tons, a decrease of 3,346 tons or 0.58% compared with last week. The total inventory of hot-rolled stainless steel was 377,455 tons, a decrease of 25,720 tons or 6.38% compared with last week. The total inventory of 200 series is 139,554 tons, which is 4,260 tons less than last week, a decrease of 2.96%; The total inventory of 300 series is 608,552 tons, a decrease of 14,654 tons or 2.35% compared with last week; The total inventory of 400 series is 200,195 tons, which is 10,152 tons less than last week, a decrease of 4.83%; The caliber inventory of Wuxi 50 warehouse is 554,174 tons, which is 6,740 tons less than last week, a decrease of 1.20%; The caliber inventory of Foshan 28 warehouse is 263,827 tons, which is 8,478 tons less than last week, with a decrease of 3.11%; Inventories in Zibo, Jieyang, Shenyang and Xi an are 130,300 tons, down by 13,848 tons or 9.61% from last week. V. Market analysis Last week, the price of ferromolybdenum in India followed the trend of international molybdenum oxide price and global ferromolybdenum price. The rising trend of the global market further supports the domestic market price. In addition, sellers have raised their quotations to cope with higher production costs, and the strong demand in the downstream market further supports the price trend. From the most direct cost drive of Indonesian governments plan to drastically reduce the nickel mine output quota in 2026, to the domestic policy support to guide green consumption and industrial upgrading, and then to the external pressure brought by international trade rules such as EU carbon tariffs, macro and industrial policies have jointly built multiple benefits for the stainless steel market. At the same time, the global liquidity expectation tends to be loose, and the superposition of the domestic manufacturing boom and the staged replenishment demand before the Spring Festival have jointly boosted the markets expectations for stainless steel consumption; In addition, industrial policies continue to guide green consumption and the application of high-end materials, and also inject structural impetus into the long-term demand for stainless steel. This round of rise is the result of the combined action of "cost thrust, expected pull and emotional assistance". It is expected that the high-level rise will continue in the short term, and the market outlook still needs to pay attention to the final landing plan of Indonesias quota policy and the downstream acceptance of high prices. The main risk is that if Indonesias actual quota is higher than the current market expectation, or the recovery of downstream actual demand is less than expected, the price may face callback pressure. In the medium and long term, the demand for high-end stainless steel in new energy and other fields is still an important structural growth point of the industry.

Zhejiang Benji Stainless Steel Co., Ltd.,