Domestic weak stainless steel pattern may not be sustainable

Raw material prices rebounded from LME Nickel: LME nickel this week reached its highest point at 18620 US dollars at 4 o'clock on Friday, the lowest point was nearly 17,750 U.S. dollars, and the spread was at 870 U.S. dollars. This week, LME nickel rose by 50 U.S. dollars per ton.

Nickel spot: The increase in nickel prices led to a rebound in market prices, but downstream consumption was weak and transactions continued to slump. Some traders have entered a half-day holiday because they are not optimistic about today's deal. The major downstream consumers have also been cautious in their recent purchases. There has been no increase in the phenomenon of stock picking in previous years. The market is waiting to see heavy sentiment and transactions are weak. At present, the Yangtze River market 1# nickel is quoted at 127,000-129,000 yuan/ton, Shanghai market 1# nickel is quoted at 126300-128300 yuan/ton, Guangdong Nonferrous 1# nickel is quoted at 12,750 yuan/ton, Huatong market 1# nickel is quoted at 127000-129000 yuan/ton.

Domestic ferronickel: At present, there are only a few producers in the ferronickel industry, and the market's spot inventory has decreased over a period of time. With the recent frequent rebound of Nickel Nickel, the prices of pure nickel and high ferronickel have been improved; and, due to The recent large-scale stainless steel plant bidding and procurement work, nickel-iron market supply and demand has also changed, the offer rose slightly 10-20 yuan / ton. The content is in the range of 10 ≤ Ni ≤ 15 high nickel iron current quotes 1280-1310 yuan / nickel, content in 4 ≤ Ni ≤ 6 in the current offer of nickel and iron 1340 yuan / nickel, content in 6 ≤ Ni ≤ 8 in the current offer of nickel and iron 1350 yuan / Nickel, the content of 1.6 ≤ Ni ≤ 1.8 low nickel iron is currently quoted at 3750 yuan / ton.

The stainless steel market is weak and stable Currently, the market resource situation has not changed. Therefore, stainless steel prices in the domestic market have basically remained stable. However, due to the close of the year, merchants are still in a tense situation. Some of the sources of supply have been supplemented, businesses are looking at the outlook for the stock market, and pressure on inventory has increased. Merchants have already declined due to quotations, and are eager to improve the slow delivery situation.

Market low-cost resources have been added one after another. Currently, in order to speed up the process of destocking, steel mills continue to lower factory prices, resulting in a narrower price upside. For example, Baosteel Stainless's January 300 stainless steel ** price, 304/2B20800 yuan / ton (trimmed edge), flat balance; 304 / NO. RMB 119,700/ton (trimmed), a decrease of RMB 300/ton from the previous quarter.

This week, according to reports, Lianzhong, Southwest Stainless Steel and other steel mills had thousands of tons of resources to reach the market, and the prices were slightly lower than the market transaction prices. For example, Lianzhong 304 hot-rolled spot bulk sale, four feet five feet specifications are all, the thickness is concentrated in 2.3mm-6.0mm, the number of nearly 1,000 tons, including tax offer 18400 yuan / ton; southwest stainless hot 304 white leather arrived in Foshan The market has a thickness of 3.0 and a quotation of 18,500 yuan per ton.

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