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Guangqing Blast Furnace Has Ceased Production On The 5th, And Yongjin Metal Has Produced Ultra-thin Precision Stainless Steel Strips 7 Months Ahead Of Schedule

Sep 07, 2021

Guangqing blast furnace has ceased production on the 5th, and Yongjin Metal has produced ultra-thin precision stainless steel strips 7 months ahead of schedule!

Foshan Market News, September 6, 2021, Saturdays madness has been seen on Monday. Although the transaction is not as hot as Saturdays, the prices are still relatively exciting. After all, it has almost increased by 1,000 in two days, although it is still In the back and forth of the market, there is still limited access to the downstream. However, due to the continued speculation on the news of production restrictions, the market is still in all kinds of excitement. 304 cold and hot rolling are in the continuous pursuit of high, and the two major futures contracts have daily limits in the afternoon. The price of the market has a boosting effect again. It has been a long time since the carnival of capital has driven the market price to all kinds of transactions, regardless of the transaction. 

In addition to these specific quotations, what other news in the industry chain today needs to be paid attention to?

First、Macro Essence:


In 1.8, the global manufacturing PMI was 55.7%, a month-on-month decline for three consecutive months 

The latest data released by the China Federation of Logistics and Purchasing on the 6th showed that in August 2021, the global manufacturing PMI was 55.7%, a decrease of 0.6 percentage points from the previous month. To less than 56%. In terms of regions, Asian and European manufacturing PMIs have declined to varying degrees from the previous month; America's manufacturing PMIs remained the same as last month, but the overall level is lower than the second quarter average; African manufacturing PMIs rebounded to more than 50%. (China Federation of Logistics and Purchasing)

2. On September 6, the central bank launched a 7-day reverse repurchase operation of 10 billion yuan

According to the Central Banks website, in order to maintain reasonable and sufficient liquidity in the banking system, on September 6, 2021, the Peoples Bank of China launched a 7-day reverse repo operation of 10 billion yuan by way of interest rate bidding. The winning interest rate was 2.2%, which remained unchanged. (China Securities Journal)

3. The new non-agricultural employment in the United States hit a record low in 7 months, and the unemployment rate fell 0.2% month-on-month in August

Data released by the US Department of Labor on the 3rd showed that the unemployment rate in the United States fell 0.2 percentage points from the previous month to 5.2% in August, but the number of new jobs in the non-agricultural sector was only 235,000, a record low in seven months. (Xinhua Finance)


4. Stainless steel futures 2110 and 2111 two major contracts have the daily limit. The 2010 contract closed up by 1280, and the current price difference reached 85. 

Today's stainless steel futures 2110 contract closed up 1,280 yuan to 19,585 yuan/ton, holdings increased by 1452 hands to 54521 hands, and 202,432 hands were traded.

Wuxi 304 cold-rolled Hongwang spot price of 2.0mm rough edges is reported to be about 19,500 yuan/ton (converted into trimming about 19,670), and the current price difference of stainless steel futures is 85 yuan/ton.

Second. Raw Material-Related


1. Jinchuan Group's ex-factory price of electrolytic nickel increased by 500

Jinchuan Group's September 6 Jinchuan nickel ex-factory price in Shanghai: 148,000 yuan/ton, Jinchang: 147,550 yuan/ton, an increase of 500 yuan/ton. (Shanghai Metal Net)


2. In the first half of the year, the production of nickel in the Philippines climbed 39% year-on-year

According to data released by the Philippine Bureau of Mines and Geological Sciences, in the first half of this year, the country's nickel production increased by 39% year-on-year to 151,646 tons, valued at 21.42 billion pesos. The Philippines is China's largest supplier of nickel ore. Data show that copper production in the Philippines fell by 24% in the first half of the year to 23,557 tons, while gold production increased by 3% to 8,545 kg. The Philippine Bureau of Mines and Geological Sciences stated in a statement that boosted by strong prices, the countrys total metal output increased by 24.5% to 68.6 billion pesos in value terms. (Changjiang Nonferrous Network)

3. Norilsk Nickel Industry: Marketable nickel production in the first half of 2021 will drop by about 26%

According to a report released by Norilsk Nickel, in the first half of 2021, its total saleable nickel production decreased by about 26% year-on-year to 79,283 tons, of which the production of nickel from its own Russian raw materials decreased by about 28% year-on-year to 77,015. Ton. Its nickel production in the second quarter fell by about 30% month-on-month to 32,644 tons, of which nickel production from its own Russian raw materials fell by about 31% month-on-month to 31,457 tons. (Changjiang Nonferrous Network)

Third. Industry News:


1. Guangqing blast furnace ceased production yesterday 

According to reports on September 6, it is understood that in response to reducing energy consumption and implementing the production restriction policy, Guangqing Blast Furnace ceased production yesterday, and other production lines have also ceased production today. The initial planned time is to stop production for 10 days (the specific end time has not yet been determined Finalized), the output is expected to affect more than 100,000 tons, mainly 304, followed by 201. (51 stainless steel)


2. The rolling level of Qingtuo Group will reach 0.03mm in mid-September

On September 1, the chairman of Qingtuo Group Jiang Haihong introduced the cold rolling deep processing industry chain process in detail to the research team, and will produce new stainless steel products with high strength, high quality and high added value. He particularly emphasized that the rolling level of Qingtuo Group will reach 0.03mm in mid-September, reaching the ultra-thin high-end goal of hand-sheared steel rolling. (Qingtuo Group)


3. Five stainless steel products of Qingtuo Group will participate in the 21st CIFIT

The 21st China International Fair for Investment and Trade is scheduled to be held in Xiamen from September 8th to 11th. According to the deployment of the Ningde regiment, various preparatory work in Fu'an City is currently in full swing. At present, Fu'an City is actively assisting the Ningde Pavilion to do its exhibition work. A total of 7 products have been displayed in the Ningde Pavilion. Among them, 5 stainless steel products from Qingtuo Group and 2 copper products from Guangdong Jiayuan. The exhibits will be held on September 6. Transported to the exhibition hall a few days ago. (Mindong Daily)

4. Yongjin Metal produced ultra-thin precision stainless steel plates and strips 7 months in advance, and at the same time started the second phase of the project with an annual output of 195,000 tons of ultra-thin precision stainless steel plates and strips.

Zhejiang Yongjin Metal Technology Co., Ltd. produced ultra-thin precision stainless steel strips 7 months ahead of schedule, and at the same time started the second phase of the project with an annual output of 195,000 tons of ultra-thin precision stainless steel strips.

The relocation project of Yongjin Metal is designed to produce 300,000 tons per year. Construction of the first phase of the project started in May last year, and it took only 14 months to be completed and put into production. On June 25 this year, the second phase of the project started construction. (Jinhua Daily)


5. Zhejiang Province issued a document: Implementing "ultra-low emission differentiated electricity prices" for the iron and steel industry

According to the information published on the official website of the Zhejiang Provincial Development and Reform Commission, the Zhejiang Provincial Department of Ecology and Environment issued a notice on the implementation of a differentiated electricity price policy for the steel industry with ultra-low emissions.

The "Notice" made detailed provisions on the scope of implementation, price increase standards, implementation procedures for differential electricity prices, and related requirements. The execution time, price increase standards, and projects of short-process steel companies and long-process steel companies have been clearly planned. (Zhejiang Development and Reform Commission)


6. Northeast Special Steel succeeded in mass production to replace imported alloy bars 

Up to now, Dongbei Special Steel has successfully trial-produced and mass-produced JMFeCo16 alloy bars that can replace imported soft magnetic alloys. The product quality has reached the international level. The company has added new members to its soft magnetic alloy product series. (Dalian Daily)


7. The Gulf Cooperation Council made a final decision on the steel product safeguard measures case and decided not to take measures

On September 2, 2021, the Technical Secretariat of the GCCs Anti-International Trade Injury Act issued an announcement, making a final ruling on the steel safeguard measures case and deciding not to take measures. (Website of Ministry of Commerce)


8. Indonesia Qingshan Phase V 2×350MW+1×380MW Project #1 Generator successfully penetrated the rotor once 

On September 4, 2021, Shaanxi Northwest Thermal Power Engineering Co., Ltd. contracted the construction of Indonesia Qingshan Phase V 2×350MW+1×380MW Project #1 generator to pass the rotor once, laying a solid foundation for the unit to be put into operation on schedule. (Shaanxi Northwest Thermal Power Engineering Co., Ltd.)

Fourth. Market Related


1. Foshan market: 304 cold and hot rolling continued to rise in the morning today, and Qingshan's agent for cold and hot rolling and multi-simmering trays did not report in the morning. However, the price of narrow strips rose by 400 in the later period, and the hot-rolled market also followed the upward trend, while cold rolling continued to catch up Although todays transaction atmosphere is not as good as Saturdays, market prices have been rising at mid-afternoon. The two major futures contracts have a daily limit. The market once again set off a price increase band, and prices are relatively high. In 201, some were flat in the morning and some continued to make up. However, around noon, with the increase of 400-500 by Qingshan agent, the market price once again chased the high school, and some of them increased twice or three times in the afternoon.


2. Wuxi market: Wuxi market 304 cold and hot rolled products also continued to increase this morning, but compared to Saturdays madness, it was slightly more rational today, mainly because todays transactions were average, but after the limited production continued to ferment, the market price continued to catch up. High school; and the 201 aspect is relatively slow compared to Foshan's substantial upward movement.


3. Qingshan opening: September 6th, today, the selling price of 304 narrow strip cold rolled products is 18,100 yuan/ton in South China and 18,200 yuan/ton in East China. **Approval is approved. This price is 500 yuan/ton higher than the price on September 3.