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December 7, 2021, Stainless Steel Market

Dec 08, 2021

December 7, 2021, Stainless Steel Market


Foshan Market News, December 7, 2021, today's stainless steel market is fluctuating again one day, the morning market is affected by the rebound of yesterday's goods, the low quotation of 304 cold rolled has rebounded 100-200, but the actual transaction still went to 16,200 Based on the lack of market confidence, the overall shipment is more than everything. In the afternoon, low-level transactions in the market improved, some of the discounts were narrowed, and some were increased by 100. However, after the maintenance time was limited, discounts were still used to promote transactions. Looking for bargains, the overall price fluctuated up and down, and the transactions were still at a low level. However, the 201 aspects continued to be weak. Most of the market's purchases were looking for bargains, and the transactions were still at a low level.


In addition to these specific quotations, what other news in today's industry chain should we pay attention to?


Macro essence


1. my country's imports and exports in the first 11 months of this year increased by 22% year-on-year


According to customs statistics, in the first 11 months of this year, my country's total import and export value was 35.39 trillion yuan, a year-on-year increase of 22% and a year-on-year increase of 24%. Among them, exports were 19.58 trillion yuan, a year-on-year increase of 21.8% and 25.8% year-on-year; imports were 15.81 trillion yuan, a year-on-year increase of 22.2%, and a year-on-year increase of 21.8%; a trade surplus was 3.77 trillion yuan, a year-on-year increase of 20.1 %. (General Administration of Customs)


2. The central bank lowered the refinancing interest rate for agriculture and small businesses by 0.25 percentage point


It is reported that the re-lending for agricultural support and small-scale support will be reduced by 0.25 percentage points from December 7, 2021. After the reduction, the three-month, six-month, and one-year reloan interest rates will be 1.7%, 1.9%, and 2%, respectively. This is the first time that the People's Bank of China has lowered the interest rates of refinancing for agriculture and small businesses again after more than a year. In July 2020, the central bank lowered the reloan interest rate for supporting agriculture and small businesses by 0.25 percentage points at that time. (Securities Times)


3. IMF: Australia may have reasons to tighten policy early


The International Monetary Fund (IMF) stated that Australia’s ultra-loose monetary policy has played an important role in supporting the economy, which is why future decisions—including possible early interest rate hikes—should depend on data. "If inflationary pressures become more persistent, then the monetary policy may need to be tightened sooner," the IMF said in its 2021 staff summary report. The IMF added that policy normalization should be adjusted based on the strength of the recovery and expected inflation. (Sina Finance)


4. The 2201 stainless steel futures contract closed down 125, with a current spread of 510


Today's stainless steel futures 2201 contract closed down 125 yuan to 16,660 yuan/ton, holdings decreased by 3946 hands to 544,941 hands, and 47,347 hands were traded.


Wuxi 304 cold-rolled Hongwang spot price of 2.0mm rough edges is reported to be about 17,000 yuan/ton (converted to about 17,170 trimmed edges), and the current price difference of stainless steel futures is 510.




Raw material-related


1. The global nickel smelting activity rebounded, and the Sudbury project restarted


According to foreign news on December 6, satellite monitoring data released on Monday showed that global nickel smelting activity rebounded in November due to increased market activity in North America and Europe, while refined copper production declined. Satellite services company SAVANT and broker Marex said in a statement that nickel production has climbed due to Vale’s reopening of the Sudbury smelter in Canada, and the alleviation of power shortages has boosted smelting activities in China. (China Nickel Industry Net)


2. The Zimbabwe government plans to ban the export of chromium concentrate from July 1 next year


A cabinet minister stated that the government intends to ban the export of chromium concentrate from July 1 next year to encourage companies to invest in beneficiation facilities. According to data from the Ministry of Minerals and Mining Development, Zimbabwe has the world's second-largest reserves of high-grade chromium ore after South Africa, with reserves of approximately 10 billion tons, accounting for approximately 12% of the global total. In August last year, the government issued a ban aimed at encouraging chrome miners to invest in beneficiation facilities. By 2023, mineral processing is expected to help Zimbabwe achieve its $12 billion mining economy goal. (Global Ferroalloy Network)


3. Jinchuan Group's ex-factory price of electrolytic nickel is reduced by 3000


Jinchuan Group's December 7 Jinchuan nickel ex-factory price in Shanghai: 148,000 yuan/ton, Jinchang: 147,550 yuan/ton, down 3,000 yuan/ton. (Shanghai Metal Net)


Industry news


1. Qingtuo Special Steel's new 3 million tons of 1780mm hot rolling project was approved by the environmental assessment


Recently, the Ningde City Ecological and Environmental Protection Bureau approved the environmental assessment report of Fujian Qingtuo Special Steel Co., Ltd. Qingtuo Industrial Co., Ltd. 1780mm hot strip rolling and supporting expansion project.


The construction scale of the project is to produce 3 million tons of hot-rolled stainless steel coils per year. The main construction content is 3 heating furnaces, 1 1780mm hot rolling mill with an annual hot rolling of 3 million tons of slabs, and 4 strips with an annual dewashing capacity of 750,000 tons. 1550mm backwashing production line, and supporting public auxiliary and environmental protection projects. The total investment of the project is 4 billion yuan, and the environmental protection investment is 200 million yuan. (Ningde City Ecological and Environmental Protection Bureau)


2. TISCO Stainless Steel 4300mm Medium and Heavy Plate Project reports good news. 30% of the equipment installation will be completed by the end of the year


The Swirl Pool Caisson Project of the Intelligent Upgrading Project of 4300mm Medium and Heavy Plate Production Line at Taiyuan Iron and Steel Stainless Hot Rolling Plant was successfully closed on November 19, marking a good start for the overall advancement of the project. Following the successful completion of the cyclone pool, another construction of the plate project is also being stepped up. It is planned to complete the closure of the main plant structure, the installation of crane equipment, the completion of the main equipment foundation, and the completion of 30% of the equipment installation before the end of the year. (Taigang Group)


3. The energy-saving report of Fujian Hongwang's annual stainless steel cold rolling expansion project with an annual increase of 1.3 million tons was approved


A few days ago, the Fujian Provincial Department of Industry and Information Technology issued the review opinions on the energy-saving report of the 1.3 million tons stainless steel cold-rolling expansion project of Fujian Hongwang Industrial Co., Ltd., and agreed in principle. The project expands a stainless steel cold-rolled production line with an annual output of 600,000 tons and an annual output of 700,000 tons. After it is completed and put into operation, it can form an annual processing capacity of 1.3 million tons of precision stainless steel strips. The project is scheduled to be officially put into production in December 2023. (Department of Industry and Information Technology of Fujian Province)


4. The kick-off meeting for the 600,000-ton stainless steel cold-rolling project in Nantong of Beimao was held


On December 7, the kickoff meeting for the 600,000-ton stainless steel cold-rolling project of Beicai Nantong Metal Technology Co., Ltd. was held in the meeting room on the first floor of the company. The kick-off of the project will last for two days. Discussions will be conducted on the general project plan, process plan, reconfirmation of technical problems of electro-hydraulic equipment, equipment manufacturing arrangements, funding content and time, and basic design review meeting time determination. (The internet)


5. Zhejiang Tuoxin Casting Co., Ltd. accepts the environmental assessment of the 8000-ton stainless steel casting production line construction project


Wenzhou Ecological Environment Bureau accepted on December 6 the Environmental Impact Report on the Construction Project of Zhejiang Tuoxin Casting Co., Ltd. with an annual output of 8000 tons of stainless steel castings, provided by Zhejiang Tuoxin Casting Co., Ltd. and compiled by Wenzhou Qingyuan Environmental Protection Technology Co., Ltd. Approval materials for the EIA of the Table. (Wenzhou Ecological Environment Bureau)


6, Wenzhou Xinyongli Pipe Fittings Co., Ltd. accepts the environmental assessment of the 1,000-ton stainless steel pipe construction project


On December 7, the Longwan Branch of Wenzhou Ecological Environment Bureau accepted the environmental impact assessment report of Wenzhou Xinyongli Pipe Fittings Co., Ltd. with an annual output of 1,000 tons of stainless steel pipes. (Longwan Branch of Wenzhou Ecological Environment Bureau)


7. Chongqing Qingshan was listed on the 18th "National Hundred Excellent Auto Parts Suppliers"


On December 4, the 18th "National Top 100 Auto Parts Suppliers" list was officially released! Chongqing Tsingshan Company was on the list and won an excellent transmission system supplier. (Qingshan transmits power to every place)


8. Breakthroughs have been made in the industrialization research of JISCO's coal-based hydrogen metallurgical technology


Since last year, technicians have carried out coal-based hydrogen metallurgical technology industrialization research and development work using blast furnace gas ash and stainless steel dust ash as raw materials, and finally formed a reasonable carbon cycle base and air supply method based on the coal-based hydrogen metallurgical theoretical system. The basic process package of coal-based hydrogen metallurgy with branches and leaves for control methods such as the main trunk, starting and stopping of kilns. (Jiugang Daily)


Fourth, market dynamics


1. Foshan market: In the morning market, the hot rolling market mostly remained low and wait-and-see. The narrow-band and large plates were still hanging upside down, while the hot and cold rolled upside down. However, after the wait-and-see increase, the cold-rolled market lowered its shipments again in order to make transactions. In the afternoon, low-level transactions improved. Later partial discounts narrowed, but the atmosphere weakened again in the later period. Market transactions were mostly based on just-needed low-price purchases. The afternoon transaction was better than the morning. In 201, the hot-rolled part was flat, and some continued to decline in shipments, and the cold-rolled part continued to fall. In terms of continuous decline, the price of hot rolling is less fluctuating than cold rolling due to the shortage of goods, so the same price or upside down is still obvious.


2. Wuxi market: This morning, Wuxi market 304 cold and hot rolled products will continue to be shipped at a preferential price from the wait-and-see to the later stage. The overall market price is still weak, but due to the impact of the market's production cuts and maintenance, and even problems with steelmaking furnaces in some steel plants In the afternoon, prices stabilized, and market transactions were relatively flexible. In 201, the cold and hot in the morning were mostly flat and wait-and-see, but the overall transaction was average.