A steel plant in North China purchased 10,000 tons of Indonesian high-nickel iron for 1610 yuan/nickel
Foshan market news on May 17, 2022, today’s outer red is more than green, but the surrounding stainless steel is still full of gunpowder, Shanghai nickel insists on following the macro, London nickel and stainless steel futures insist on diving performances, and the spot market continues to be drained and cut by the decline of the dark market. With the price movement, the market went from a price rise in the morning to a slump in the later period, waiting for a chopper. In the end, it was still unable to withstand the big brother’s smashing market. Both 201 stainless steel and 304 stainless steel were in a bloodbath.
In addition to these specific market conditions, what news should be paid attention to in the industry chain today?
1. Macroscopic essence
1. The People’s Bank of China achieved a net withdrawal of 100 billion yuan on the same day
The People’s Bank of China’s open market will conduct a 7-day reverse repurchase operation of 10 billion yuan today, and the winning rate will be 2.1%, compared with 2.1% previously. Due to the maturity of 100 billion yuan of medium-term lending facilities (MLF) and 10 billion yuan of reverse repurchase today, a net withdrawal of 100 billion yuan was achieved on that day. (Golden Ten Data)
2. National Development and Reform Commission: The economic operation will soon return to the normal track, and we will quickly plan for incremental policy tools
On May 17, Meng Wei, a spokesperson for the National Development and Reform Commission, said at the National Development and Reform Commission’s May press conference that at present, the rebound of the domestic epidemic has been effectively dealt with, various policies have been put forward, and the policy effects have been gradually released. I believe in a normal economic order. There will be a quick recovery, and economic operation will soon return to its normal track. (China Securities Journal)
3. Goldman Sachs: The dollar has been greatly overvalued, and the strong dollar may not be sustainable when the recession really comes
Goldman Sachs sees two possibilities for the dollar in the coming weeks: if the global growth outlook improves, the greenback will weaken as investors turn to riskier assets; In the former case, the U.S. dollar should be shorted against most currencies, and the bank is especially bullish on commodity exporters like the Canadian dollar. In the latter case, the yen may outperform the dollar, as the yen often performs well during recessions. Analysts predict the yen could gain as much as 20% if a recession hits. (Financial Association)
4. The stainless steel futures 2206 contract fell by 215 yuan, and the future’s current price difference was 1505
Stainless steel futures 2206 contract fell 215 yuan to 18765 yuan/ton, the position increased by 1152 hands to 54736 hands, and 79309 hands were traded.
Today, Wuxi 304 cold-rolled Hongwang spot 2.0mm raw edge is reported to be about 20,100 yuan/ton (converted to about 20,270 for trimming), and the current price difference of stainless steel period is 1,505.
1. A steel mill in North China purchased tens of thousands of tons of high nickel iron from Indonesia for 1610 yuan/nickel
On May 17, it is reported that a steel mill in North China purchased tens of thousands of tons of Indonesian high-nickel iron for about 1,610 yuan/nickel (bilge tax included). (51 Express)
2. The No. 2 furnace of the Indonesian RKEF Phase I Project undertaken by China No. 20 Metallurgical Company successfully produced nickel iron
On May 13, the No. 2 submerged arc furnace successfully produced the first batch of molten iron and was successfully poured into nickel in the No. Iron blocks, marking the start of the project into the production phase. (China Twenty Metallurgical)
3. The invention of TISCO Wanbang Company won the national patent
Recently, Taiyuan Iron and Steel Wanbang Company received a notice of granting a utility model patent right from the State Patent Office. The company’s independent design and development of the patent “a preheating kiln hot gas channel dredging tool with a positioning bracket” successfully applied for a patent. (Taiyuan Daily)
4. The ex-factory price of Jinchuan Nickel of Jinchuan Group fell by 3000
Jinchuan Group’s ex-factory price of Jinchuan Nickel on May 17 in Shanghai: 212,550 yuan / ton, Jinchang: 212,000 yuan / ton, down 3,000 yuan / ton. (Shanghai Metal Mesh)
3. Industry news
1. The No. 2 sintering machine of the sintering project of the MCC Jingcheng Linyi excellent special steel project was successfully ignited and oven
At 10:26 on May 16, with the successful ignition of the sintering machine ignition furnace, the No. 2 sintering machine of the sintering project of the Linyi You and Special Steel Project, which was contracted by MCC Jingcheng EPC, was successfully ignited and the furnace was completed on schedule. Important milestones. (MCC Jingcheng)
2. Jiangxi Xingcheng Renewable Resources plans to invest 604.1525 million yuan to build a waste stainless steel processing and distribution center project
On May 13, Yingtan Municipal Bureau of Ecology and Environment announced that Jiangxi Xingcheng Renewable Resources Co., Ltd. plans to approve and announce the project of waste stainless steel processing and distribution center, forming an annual processing capacity of 1.5 million tons of waste stainless steel. The total investment of the project is 604.1525 million yuan, of which the environmental protection investment is 200,000 yuan, accounting for about 0.03% of the total investment. (Yingtan City Ecological Environment Bureau)
3. The EU launches an anti-dumping investigation into China’s refillable stainless steel barrels
On May 13, the European Commission issued an announcement stating that, in response to an application submitted by the European Kegs Committee on March 31, 2022, the European Commission initiated an anti-dumping investigation on Stainless Steel Refillable Kegs originating in China. (China Trade Remedy Information Network)
4. The monthly export of stainless steel coil steel by Qingtuo Logistics Terminal in Wanwu Town, Fu’an is 383,800 tons
Since the outbreak of the epidemic (4.9-5.6), Fuan Wanwu Town Qingtuo Logistics Terminal has accumulated 186 ships entering and leaving the port, imported about 172,485 tons of coal for production, 344,044 tons of nickel ore, and exported 383,800 tons of stainless steel coils. The production situation has basically remained at the level before the epidemic. (China News Network)
5. 19 enterprises have been put into operation in Zhouning Stainless Steel Deep Processing Industrial Park
Zhouning Stainless Steel Deep Processing Industrial Park has a total planned land area of more than 6,000 mu and a total investment of 5 billion yuan. At present, 32 enterprises have settled in the park, and 19 enterprises have been put into operation. The products are exported to North America, Europe, the Middle East and other regions. (Mindong Daily)
6. Stainless steel futures 2206 contract closed up 360 yuan to 19175
On May 13, Sun Dawei, Chairman of the Autonomous Region Political Consultative Conference, led a research group to Yulin City to conduct research on the topic of the Standing Committee meeting on the topic of “implementing the central carbon peaking and carbon neutrality work and accelerating the transformation of Guangxi’s industrial kinetic energy”. During this period, the project of Liugang Zhongjin Stainless Steel Base was investigated. (Liu Steel’s gold touches the stone into gold)
7. TISCO will release the roadmap for TISCO’s stainless steel low-carbon metallurgy
In 2022, TISCO will also release environmental declarations for 5 stainless steel products on the China Iron and Steel Association EPD platform, and release the TISCO stainless steel low-carbon metallurgical roadmap at an appropriate time.
On the implementation path, in accordance with the goals of “carbon peaking in 2023, carbon emission reduction by 30% in 2035, and carbon neutrality in 2050”, TISCO will increase the proportion of green electricity, extreme energy efficiency, hydrogen metallurgy, low-carbon metallurgy, and short process flow. Steelmaking, carbon capture and utilization and other paths and measures, and actively build a benchmark enterprise for low-carbon development in the steel industry. (Taigang Group)
8. Fujian Hongrun Municipal Engineering Co., Ltd. Public Bidding Announcement for the Annual Procurement Project of Stainless Steel Water Separator
On May 17, the Ministry of Finance issued a public bidding announcement for the annual procurement project of stainless steel water separators of Fujian Hongrun Municipal Engineering Co., Ltd. The procurement budget for this project: 3,984,080,000 yuan (RMB), at 08:00 on June 7, 2022 Submit the bidding documents before 30 minutes (Beijing time). (Ministry of Finance of the People’s Republic of China)
9. The CA1 annealing furnace of Taigang Silicon Steel, which is the general contractor of China Metallurgical Southern Thermal Engineering Co., Ltd., was successfully ignited
At 18:18 on May 10, Shanxi Taigang Stainless Steel Co., Ltd. contracted by China Metallurgical South Co., Ltd. successfully ignited the furnace for the greening and intelligent transformation project of the ultra-thin specification and high-grade non-oriented silicon steel annealing line CA1 unit and entered the hot test stage. (China Metallurgical Southern Thermal Engineering Company)
10. Announcement on the environmental impact assessment of the stainless steel production reconstruction and expansion project of Dongfeng Haosilai Stainless Steel Products Factory, Chaoan District, Chaozhou City
On May 16, Chao’an Branch of Chaozhou Ecological Environment Bureau plans to approve the environmental impact assessment documents of the stainless steel production, reconstruction and expansion project of Dongfeng Haosilai Stainless Steel Products Factory, Chao’an District, Chaozhou City, and make a public announcement. The annual output of stainless steel is expected to be made public. 1.1 million products (about 132 tons). (Chao’an Branch of Chaozhou Ecological Environment Bureau)
4. Market dynamics
1. Foshan market:
Today, the stainless steel market continues to fall and fall. In the morning, the price of 304 cold rolling is still quite high. As a result, with the continuous dark market of Qingshan in the later period, from hot rolling to cold rolling, there is a downward adjustment of 200-300, so The spot market has also changed from strong to weak. Neither 304 stainless steel nor 201 stainless steel has been spared.
304 cold rolled 19700 has been difficult to keep. Hongwang’s 19600 dark market is coming, and the market seems to be falling secretly. And 304 hot rolling is also a variety of 100-200 compensation, and the sound of running away with the dark market continues. In terms of 201 stainless steel, the hot rolling has obviously moved down with the green hill, and the cold rolling has not stopped the price update from morning to afternoon, and those who want to make a deal are waiting for the chopper.
2. Wuxi market:
Today’s Wuxi market is divided between 304 cold rolled and hot rolling in the morning. Cold rolling is mostly flat, while hot rolling is mostly left and right. However, with the diving of electronic disks in the later period, the market has low-level outflow of warehouse receipts, so the spot market is also constantly falling in price. The 201 stainless steel aspect is also constantly falling and falling, and it is moving downwards with the dark market of Qingshan.