Lun Nickel:
On July 27, the closing price of LME nickel was 19,325 US dollars/ton, down 380 US dollars, and inventory decreased by 1,302 tons to 217,878 tons.
201 Hot Rolling:
Yesterday, some Qingshan agents made a second quotation, which was increased by 200 yuan/ton from the first quotation, and reported to August futures, Dingxin J2-10000, J3-10200, J1-10400, J4-11000. Quotations from other sources in the market continue to follow up slightly: Beigang New Material J5 4 feet 9800-10000 (partially 9700 pieces); J1 4 feet 10100-10400; Baosteel BN1TL stainless steel strip: 9700-9800 yuan/ton; CICC J5, Xinfeng J3, Jinhai J3 9400-9600 yuan/ton including tax; Yongda J3 9300-9400 yuan/ton including tax.
Some production areas do not include tax at 8600-8800 yuan/ton. In terms of sales, the performance of 201 has not been as sharp as that of 304 in the past few days. However, due to the high daily price of Beigang New Material J5 hot rolling, market quotations have followed suit. Recently, the overall market transactions are mostly small. After the quotation is followed up, it can still be seen that the order is lower than the quotation, especially for stainless steel strip resources. The tax is 8250 yuan/ton. 201 is expected to remain weak and stable.
304 Stainless Steel Strip Hot Rolling:
Yesterday, Qingshan Steel Plant updated its price: 304 stainless steel strip South China region 18800 yuan/ton, East China region 18900 yuan/ton, an increase of 1,300 yuan/ton compared to the previous price. Subsequently, the Qingshan agent reported: August futures, 304 stainless steel strip cold rolled 18800, hot rolled 19,000. However, market traders seem to have gradually weakened the sentiment of chasing highs, and the quotations have not continued to move upwards.
It can be seen that Dingxin 304 hot-rolled stainless steel strips are reported at 17,200 yuan/ton without tax. The spot quotations of Yongda, Jinhai, and Xinfeng are 18400-18500 yuan/ton including tax, and some are 16750-16800 yuan/ton excluding tax. In terms of large slabs, Qingshan, Beigang New Materials, Delong, Lianzhong Four, and Five Feet Spots include tax at RMB 19,100-19,300/ton. In terms of sales, although Qingshan Steel Plant started to increase prices, as market quotations have continued to rise for several days, high prices have fluctuated due to weak transactions. It is expected that 304 will be mainly handled in a flexible manner.