Nickel chromium stainless steel

◎ Nickel ore: the profit of high nickel iron is poor, and the price of nickel ore continues to be weak

March 28th Mysteel The price of laterite nickel ore fell, and the current Ni content is 0.9% low aluminum Mine CIF 37-38 dollars/wet ton, Ni: 1.3% mine CIF 29-30 dollars/wet ton, Ni: 1.5% mine CIF 44-47 dollars/wet ton, Ni: 1.8% mine CIF 72-73 dollars/wet ton.

In the week, the price of high nickel iron was lowered, and the immediate production loss was expanded. The factory held a price holding attitude towards nickel ore purchase, and the intention inquiry continued to decrease. The high mining area in Suri has successively shipped, and the expected supply is increasing. The short-term industry pessimism remains unchanged, and the ore price continues to operate in a weak position. In Indonesia, the supply of nickel ore continues to be tight, and the domestic trade premium remains high. At present, the price gap between the islands is widening. The incoming premium of mainstream factories is still $10/wet ton, but in some regions, the premium has reached $16/wet ton.

◎ Ferronickel: Ferronickel market transaction reappears at a new low price, ferronickel price is weak

On March 28, the domestic ex factory price of Mysteel high nickel iron temporarily stabilized to 935-940 yuan/nickel; The domestic factory price temporarily stabilized to 935-945 yuan/nickel; Indonesian high nickel iron bilge price including tax temporarily stabilized to 930-940 yuan/nickel, and Indonesian nickel iron FOB price temporarily stabilized to 113 dollars/nickel.

Today, a steel plant in South China purchased high nickel iron at 920 yuan/nickel (tax included upon arrival), and thousands of tons of iron were sold for traders. The confidence of ferronickel market is insufficient, the pressure of ferronickel bargaining range has moved down, and ferronickel price is weak. On the supply side, at present, domestic iron plants suffer from serious losses, and they mostly adopt load reduction production; Under cost pressure, the quotation is firm. On the demand side, the downstream stainless steel plate was red, and the spot transaction was warmer. At present, the steel mill maintains a cautious attitude towards the purchase of ferronickel raw materials. The supply and demand game is anxious, and we need to pay attention to the latest transaction dynamics and changes in the market in the future.

◎ Refined nickel: Shanghai Nickel operates in shock, and the spot premium of refined nickel is mostly increased

On March 28, 2024, the main 2405 contract of Shanghai Nickel rose 280 yuan/ton, or 0.21%, to 130530 yuan/ton.

The sales price of Jinchuan Group in Shanghai market was 133000 yuan/ton, 1000 yuan/ton higher than the previous trading day, and the price discount at 10:15 of the mainstream quotation contract Shanghai Nickel 2405 was+3230 yuan/ton.

Market, intra day Nickel valence The shock operation, Bofeng refining nickel manufacturers still have a strong price mentality, driving the market spot premium stronger. Downstream production enterprises have met more of their short-term needs, and their willingness to continue purchasing is not strong. The atmosphere of spot delivery and investment has further cooled. The economic recovery of nickel sulfate production from nickel beans has led to a large increase in demand, but short-term demand is difficult to drive traders to import large quantities of nickel beans, and the market circulation of nickel beans is gradually scarce.

In terms of import profit and loss, LME nickel 0-3M adjustment fee is - 204.94 dollars/ton, and Shanghai London ratio is 7.78. The profit and loss of delivery is 9236.46 yuan/ton. Spot profit and loss: Russian nickel bill of lading - 8338.56 yuan/ton, Russian nickel warehouse receipt - 8752.46 yuan/ton, nickel bean bill of lading - 8296.84 yuan/ton, nickel bean warehouse receipt - 8710.75 yuan/ton, duty-free nickel bean bill of lading - 7758.76 yuan/ton.

◎ Chromium ore: the transaction price of long-term futures association is stable, and the rise of chromium ore is slightly weak

Price: On March 28, the chrome ore market ran smoothly, with 40-42% of South Africa's refined powder in Tianjin Port being 60-60.5 yuan/ton, futures being 303-310 dollars/ton, 46-48% of Turkey's refined powder being 71-72 yuan/ton, and futures being 380-400 dollars/ton.

Supply and demand: the long-term transaction price of mainstream concentrate of chrome ore futures remained at 303 dollars, which was flat compared with the previous round. The price of chrome ore rises faster than the price of ferrochrome. Although some ferrochrome production capacity is planned to be put into production and resume production in the near future, the ferrochrome plant has a large number of early purchases, and the inventory of chrome ore is not tight. In addition, the current price of chrome ore is stable at a high level, and the ferrochrome plant's acceptance of high price chrome ore is also limited. At present, the price of chrome ore has slowed down, and it is expected that the price of chrome ore will stabilize at a high level.

Cost: RMB offshore exchange rate rose, and import costs increased.

◎ Ferrochrome: the inquiry is light, the deal is flat, and the price of ferrochrome is stable

On March 28, the ex factory quotation of high carbon ferrochrome natural block in Inner Mongolia was 8700-8900 yuan/50 basis tons in cash including tax; Sichuan 8800-9000 yuan/50 basis tons. Low carbon ferrochrome C25 in Inner Mongolia accepted with tax included factory report of 14800-15200 yuan/60 basis tons; The quotation of low-carbon ferrochrome C6 is 15200-15800 yuan/60 basis tons.

On the 28th, the ferrochrome market ran smoothly. The downstream inquiry of retail ferrochrome is light, and the transaction response is flat. With the promotion of the factory's resumption of production and production plan, the supply of ferrochrome will gradually increase, and the surplus situation will gradually emerge, with little room for growth. However, the price of chrome ore at the cost end gradually moved up, and the factory had to raise the price under the pressure of loss. At present, the factory is mainly engaged in long-term cooperation, and the market price is difficult to change. It is expected that the ferrochrome market will run smoothly in the short term.

◎ Waste stainless steel: the whole line of futures disk is red, and the rise and fall of waste stainless steel are mutual

Market: Shanghai Nickel and Stainless steel futures At the same time, the trading and investment atmosphere in the finished product market has warmed up. In terms of 300 series, under the influence of the shortage of waste resources in Foshan and the slight increase of finished products, Guangdong Guangqing raised its offer by 304 in the afternoon, with a margin of about 50 yuan/ton for purchase, and traders mainly stayed on the sidelines to stabilize prices; In terms of 316, the price of ferromolybdenum was flat, and the purchase price of steel plant was temporarily stable. In terms of 200 series, Guangxi Jinhai 201 new material is reported to be 5650 yuan/ton temporarily and stably. The market trading atmosphere is general. The 201 waste market is not volatile. It is expected that the short-term waste market price will be dominated by weak and stable operation.

Price: Foshan 201 film free material 5700 yuan/ton, flat, 304 industrial material 9550 yuan/ton, flat; Wenzhou 201 film free material 5500 yuan/ton, flat, 304 industrial material 9400 yuan/ton, flat, 316 industrial material 17200 yuan/ton, flat; Linyi 201 film free material is 5450 yuan/ton, flat, 304 industrial material is 9400 yuan/ton, flat.

◎ Plate roll: Foxi Stainless steel stock Price rises and falls are mutual, and the inquiry and transaction atmosphere are warming up

In terms of 304, the volatility of stainless steel futures in Foshan market was strong, and the market atmosphere was warmer, cold rolling The price is slightly higher, Hot rolling price Stable operation, under the stable price, the turnover of just needed purchase in the market slightly increased, and the turnover of cold rolling was good. The downstream purchased according to the specification inquiry, and the willingness to stock up was still not strong. The 300 series market inquiries in Wuxi market became more and more, and the market was still strong in the afternoon hot-rolling The merchants probe the price, but the deal is weak. At present, the merchants are cautious about the future market operation and take a wait-and-see attitude. 201 On the one hand, the daily price of Foshan market fell slightly, the market inquiry activity was general, the trading volume was low, and the actual shipment was mainly delivered in bulk. The Wuxi market is supported by costs, and businesses will keep their prices stable. This week, both cold and hot rolling were incremental, mainly due to the arrival of steel plants in Guangxi and South China, and the slow market destocking. 430 On the one hand, under the financial pressure of Foshan market at the end of the month, the spot price was slightly lowered to stimulate shipment. The market procurement atmosphere was flat, and low price resource consumption was the main factor. Wuxi market had many loose orders, and some cold tied deals could yield profits. Under the support of costs, businesses kept their prices stable.

◎ Pipe profile:

On March 28, the price of stainless steel wire rod remained stable.

In terms of price, Delong in Wenzhou market is 304 φ 5.5-15 14000 yuan/ton, stable; 316L φ 5.5-15 24400 yuan/ton, sealed; Qingshan 304 φ 5.5-15 13900 yuan/ton, stable; 316L φ 5.5-15 24500 yuan/ton, stable. Dainan Market Delong 304 φ 5.5-15 13800 yuan/ton, stable; 316L φ 5.5-15 24400 yuan/ton, sealed. The demand for orders in Dainan market has risen to a certain extent. Most of the merchants make deliveries at a discount, which is lower than the mainstream price of the market. However, the downstream demand is weak. The overall transaction is dominated by rigid demand for individual orders; Merchants in Wenzhou market are not willing to stock up goods. Spot traders have a full range of goods specifications, so there is some margin for profit. It is difficult for traders to ship when raw materials fall. Downstream risk aversion is heavy, and the transaction performance is not as expected. It is expected that the price of stainless steel wire rod will be stable tomorrow.

March 2 eight Japanese stainless steel welded plate Focus on stability.

In terms of price, 304 Ф 108 * 4 Jiangsu Bandrui is 15850 yuan/ton, stable; Wuxi Xinruixiang 14800 yuan/ton, stable; Wuxi Hongmeng 13900 yuan/ton, stable; Zhejiang Wanhua 14000/ton, stable; Futian 15700 yuan/ton, stable; Zhejiang Hongyuan 13900 yuan/ton, stable; 316L Ф 108 * 4 Jiangsu Bandrui 29850 yuan/ton, stable; Wuxi Hongmeng 25500 yuan/ton, stable; Zhejiang Wanhua 25500 yuan/ton, stable; Futian 26800 yuan/ton, stable; Zhejiang Hongyuan 25700 yuan/ton, stable. In order to maintain market confidence in the Wuxi market, most of the mainstream pipe factories maintained stable price shipment. According to the manufacturer's feedback, the downstream is continuously weak, and only a few early inquiry customers place orders, while most customers are still waiting. The spot price in Wenzhou market is relatively stable, and most downstream merchants hold a wait-and-see attitude, and the overall purchase volume is low. However, affected by the support of the cost of goods, the merchants are not willing to sell low, and the transaction activity is still low when the downstream purchase on demand status is maintained. The stainless steel futures fluctuated, and the market confidence did not improve. However, the pipe factory is expected to weld tomorrow due to the maintenance of early orders and raw material cost support Tube price Primary stable operation. (Unit: yuan/ton)

Daily price of stainless steel round steel mill down

March 28, Wuxi market 2Cr13 Ф 65-130 Fushun Special steel 9300 yuan/ton; 2Cr13 Ф 65-130 Great Wall Special Steel 9600 yuan/ton, 304 round steel Qingshan mainstream quotation 12700 yuan/ton, flat; The mainstream quotation of 316L round steel is about 22600 yuan/ton. Within the day, Qingshan adjusted and lowered the futures price by 100-200 yuan/ton. The overall quotation in Wenzhou market fell again. Some businesses predicted that the final mainstream quotation would stay at 12600 yuan/ton this week. The price trend in Wuxi market is weak, and the current mainstream transaction price is about 100 yuan/ton lower than the futures price in April. The downward trend of raw materials is obvious within the day, and the spot traders in the market have more short stocks. It is expected that tomorrow's stainless steel Round steel price Stable with small fluctuations.

March 2 eight Stainless steel in Wuxi market Seamless pipe The price is stable.

In terms of price, the mainstream transaction price of 304 Ф 108 * 4 market is about 15700-17000 yuan/ton; The mainstream transaction price of 316L Ф 108 * 4 is about 26500-31400 yuan/ton. In order to maintain the market situation, the mainstream pipe manufacturers have temporarily stabilized their quotations. According to the manufacturer's feedback, downstream merchants have replenishment actions, so the market inquiry atmosphere is good, and the actual orders have also been slightly improved. Many inquiry customers choose to enter the site to purchase, and the overall market transaction situation has improved. The quotation of stainless steel seamless pipe in Wenzhou market is temporarily stable. In terms of price, 304 Ф 108 * 4 is 15400-16800 yuan/ton; The mainstream transaction price of 316L Ф 108 * 4 is 26500-29800 yuan/ton. Mainstream pipe manufacturers said that although the downstream is in the stage of stock preparation, the market situation is still weak, so stabilizing the price is more conducive to market confidence and promoting spot transactions. The price of related varieties fluctuated slightly during the day, but most manufacturers were still in a wait-and-see attitude. It is expected that the price of seamless pipes will be mainly stable in the future.

March 2 eight Japanese stainless steel Section steel The market price is mainly stable.

In terms of price, the mainstream transaction price of 304 angle steel 40 * 40 * 4 in Wuxi market is about 14350 yuan/ton, stable; The mainstream transaction price of 316L material 40 * 40 * 4 is about 25000 yuan/ton. Dainan 304 angle steel 40 * 40 * 4 mainstream transaction price is about 14000 yuan/ton, stable; The mainstream transaction price of 316L material 40 * 40 * 4 is about 24800 yuan/ton, which is stable. In Wuxi market, the overall inquiry atmosphere was flat, and there were many inquiries for lower prices. The actual shipments were mainly sporadic orders. The spot market was lack of confidence, and the deal remained cold. In Dainan market, in the falling price market, the superimposed terminal demand is not good, the downstream procurement strategy is cautious, the bearish sentiment is strong, and it is difficult to stimulate the transaction with a small margin. Expected stainless steel of tomorrow Section steel price Primary stable operation.

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