The stainless pipe project with an annual output of 120,000 tons is about to be fully put into operation, and stainless steel futures closed down 430
Foshan market news on November 14, 2022, today, the market spot activity is not high, and 304 merchants offer different attitudes in the morning. Among them, 304 hot rollings have dropped 50-100 from the high level, while cold rolling is more common in the morning to make up 50, but later After the futures opened and turned green, it began to drop by 50-100. In the afternoon, the overall atmosphere of the spot market was limited. Although the market was more active in buying and selling, the enthusiasm for downstream purchases was not high, and the actual delivery speed was slow.
So, in addition to market prices, what are the hot spots in today’s market that deserve attention? Details are as follows:
The current price difference
1 [Stainless steel futures 2212 contract fell 430, and the current price difference was 555]
Today’s stainless steel futures 2212 contract fell 430 yuan to 16,515 yuan/ton, the position decreased by 10,366 hands to 54,005 hands, and 158,617 hands were traded.
Today, the spot 2.0mm raw edge of Wuxi 304 cold-rolled Hongwang is reported to be about 16,900 yuan/ton (converted to about 17,070 for trimming), and the current price difference of stainless steel period is 555. (I want stainless steel)
Market dynamics
1. Foshan Market
Today, the 304 hot-rolled lows were mostly flat, the highs were mostly down 50-100, while the cold-rolled were mostly flat in the morning, but later, with the emergence of a low-level rush, the overall market price began to fall 50-100 to facilitate transactions; 201, the hot-rolled more Flat, some highs fell 50, cold-rolled lows were mostly flat and wait-and-see, and highs were down 50-100. In the afternoon, the decline of futures did not change, and Shanghai nickel also closed down. However, after the London nickel opened lower, the low price of 304 cold-rolled more than 16,700 disappeared in the market, some were closed, and some took advantage of the situation to ship.
2. Wuxi Market
Today, 304 hot rollings continued to rise by 100. Although cold rolling was flat in the morning, some quotations fell by 100 in the later period of the futures market. The out-of-stock situation is not optimistic.
Industry news
1 [Zhejiang Xinchuang Taiye Stainless Steel Co., Ltd. is about to put into full production the 120,000-ton stainless pipe project per year]
At present, Zhejiang Xinchuang Taiye Stainless Steel Co., Ltd. has an annual output of 120,000 tons of stainless steel pipe project No. 1 workshop annealing furnace and piercing machine has been put into operation; the No. 2 workshop pickling workshop is about to be installed, and constructed; No. 3 workshop has 11 rolling mills put into production, the two rolling mills are about to be commissioned and put into production, and the two rolling mills are being installed; The project is expected to enter full production by the end of the year. (Lishui Online)
2 [Jingjiang City: Signing a contract for the production and construction of high-quality stainless steel industrial welded pipes with an investment of 1.5 billion yuan]
On November 11, at the Taizhou (Shanghai) City and Industrial Investment Environment Promotion Conference, Jingjiang City signed 6 projects, including the production and construction project of high-quality stainless steel industrial welded pipes with an investment of 1.5 billion yuan. (People’s Daily client)
3 [Zhenshi Holding Group Co., Ltd. ranks 29th in the “2022 Zhejiang Business Top 100 Manufacturing List”]
On November 11, the “2022 Zhejiang Merchants Manufacturing Top 100 List” exclusively produced by “Zheshang” magazine was officially released. According to reports, Zhenshi Holding Group Co., Ltd. ranked 29th. (Zhenshi Group Oriental Special Steel Co., Ltd.)
4【TISCO high-grade cold, hot-rolled stainless steel, and other high-end products of various specifications help the progress of the aerospace industry】
On November 12, the Long March 7 carrier rocket successfully sent the Tianzhou 5 cargo spacecraft into the predetermined orbit.
It is understood that in this launch, TISCO’s high-grade cold and hot-rolled stainless steel and other high-end products of various specifications were successfully applied to several key structural parts of the launch vehicle, and TISCO once again contributed to the advancement of the motherland’s aerospace industry. . (Taigang Group)
5【Dongfang Special Steel and Changbao Co., Ltd. cooperated to establish the “Joint R&D Center for Seamless Steel Tube Materials”】
On November 9, the signing and unveiling ceremony of the “Joint R&D Center for Seamless Steel Pipe Materials” jointly established by Changzhou Dongfang Special Steel Co., Ltd. and Changbao Steel Pipe Co., Ltd. was held in Changbao. (Oriental Runan)
6【Huzhou Osda Stainless Steel Material Co., Ltd. has an annual output of 20,000 tons of stainless steel perforated pipe technical transformation project EIA has been approved】
On November 11, Huzhou Osda Stainless Steel Material Co., Ltd. announced that the environmental impact assessment document of the technical transformation project of stainless steel perforated pipe with an annual output of 20,000 tons was approved and announced. The announcement time: 7 working days. (Huzhou City Ecological Environment Bureau)
1 [The ex-factory price of Jinchuan nickel is reduced by 6,000 yuan/ton]
On November 14, Jinchuan Company lowered the ex-factory price of Jinchuan nickel from 210,000 yuan/ton to 204,000 yuan/ton, a decrease of 6,000 yuan/ton. (Global Metal Mesh)
2 [Huayou Cobalt: Signed a definitive cooperation agreement with Vale Indonesia on the HPAL project]
On November 13, Huayou Cobalt announced that the company and Vale Indonesia signed a “Deterministic Cooperation Agreement” on the KNI Hydrometallurgical Smelter (HPAL) project, further agreeing on their respective rights and responsibilities in the development of the HPAL project. (Huayou Cobalt)
3【Indonesia 8 million tons of laterite nickel ore mining and transportation EPC project held a groundbreaking ceremony】
On November 10, a groundbreaking ceremony was held for the Indonesian PENTA 8 million-ton laterite nickel ore mining and transportation EPC project jointly contracted by Energy China Central South Institute and Energy China Guangdong Thermal Power Co., Ltd. (Energy China)