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Stainless News On February 14, 2022

Feb 15, 2022

Stainless News on February 14


Foshan market news on February 14, 2022, today's Valentine's Day, the surrounding stainless steel is also in full bloom, and stainless steel is not afraid of the "lover's robbery" of securities companies. Self-extraction, especially the 304 hot rollings is relatively excited, the hot and cold are upside down, the price fluctuates frequently, the overall atmosphere is relatively good, and the trading is relatively positive.


In addition to these specific market conditions, what news should be paid attention to in the industry chain today?


Macroscopic essence


1. The People's Bank of China launched a 10 billion yuan reverse repurchase operation today


The People's Bank of China will conduct a 7-day reverse repurchase operation of 10 billion yuan today, and the winning interest rate is 2.10%, unchanged from the previous time. Due to the expiration of 220 billion yuan of reverse repurchase today, a net withdrawal of 210 billion yuan was achieved on that day. (Golden Ten Data)


2. After the holiday, the central bank’s net withdrawal of more than one trillion yuan is expected to be more likely to continue MLF this week.


Data shows that this week, 300 billion yuan of reverse repurchases expired in the central bank's open market, of which 220 billion yuan, 20 billion yuan, 20 billion yuan, 20 billion yuan, and 20 billion yuan were due from Monday to Friday; in addition, there were 200 billion yuan on Friday. MLF expires. It is expected that the central bank will continue to do MLF in the same amount, and the funds will remain loose. (Financial Association)


3. The Fed’s interest rate outlook is unclear, Goldman Sachs lowers the year-end target for the S&P 500


Strategists at top U.S. investment bank Goldman Sachs Group Inc. lowered their original forecast for U.S. stock market returns this year on Saturday (February 12), as a more aggressive outlook for monetary tightening by the Federal Reserve weighed on valuations. Goldman strategists cut their year-end target for the S&P 500 to 4,900 from 5,100 previously. (Financial Association)


4. The 2203 contract of stainless steel futures closed up 455, with a price difference of 280


Today's stainless steel futures 2203 contract closed up 455 yuan to 18,790 yuan/ton, the position decreased by 3,138 hands to 54,404 hands, and 68,664 hands were traded.


Wuxi 304 cold-rolled Hongwang spot 2.0mm raw edge is reported to be about 18,900 yuan/ton (converted to about 19,070 for trimming), and the current price difference of stainless steel period is 280.


Raw material Related


1. The inquiry price of 304 scraps from a large steel plant in South China was raised by 200 to 13,000 yuan/ton


It is reported that the inquiry price of 304 scraps of stainless steel from a large steel mill in South China on February 14 was 13,000 yuan/ton, 8 nickel, and the water yield was 96%, which was 200 yuan/ton higher than the inquiry price on February 11.


2. The 17# furnace of the ferronickel plant of Delong GNI Company in Indonesia was put into operation to produce iron


According to the news from VDNIP Industrial Park, at 8:16 am today, the 17# electric furnace of the second workshop of GNI Company, North Morowari Base of Delong Industrial Park, Indonesia, was successfully put into operation to produce iron, and the 17# electric furnace of the ferronickel plant was successfully produced. Iron, indicating that the electric furnaces in the second workshop of GNI's nickel-iron plant have been successfully put into operation.


3. Vale's nickel output in the fourth quarter was 48,000 tons, a month-on-month increase of 58.9%


Vale released a report on nickel production in the fourth quarter. Nickel production in the fourth quarter was 48,000 tons, an increase of 58.9% month-on-month and a year-on-year decrease of 5.5%. In 2021, nickel production will reach 168,000 tons, a year-on-year decrease of 8.5%. The 2022 nickel production guidance is 175,000-190,000 tons.


4. The ex-factory nickel price of Jinchuan Group was raised by 500


Jinchuan Group's ex-factory price of Jinchuan nickel in Shanghai on February 14: 176,550 yuan/ton, Jinchang: 176,000 yuan/ton, up 500 yuan/ton. 


Industry News


1. Fujian Wuhang Stainless Steel Products Co., Ltd. was approved for the expansion project of waste heat power generation


On February 11, the Fujian Provincial Development and Reform Commission issued a reply on the approval of the waste heat power generation expansion project of Fujian Wuhang Stainless Steel Products Co., Ltd.: the construction was approved. (Fujian Development and Reform Commission)


2. The EIA of Fujian Qingtuo New Materials Co., Ltd. high-performance stainless steel new materials and supporting projects (Phase I) is to be approved


On February 14, Ningde Ecological Environment Bureau issued a public announcement on the approval of the environmental impact report (form) of Fujian Qingtuo New Materials Co., Ltd. high-performance stainless steel new materials and supporting projects (Phase I). Publicity time: 2022 February 14 - February 18, 2022 (5 working days). (Ningde Ecological Environment Bureau)


3. Liyang Delong stainless steel hot rolling project is in the critical stage of sprinting


During the Spring Festival, the equipment installation project of Liyang Delong Metal Technology Co., Ltd. 2680mm stainless steel hot rolling project is in the critical stage of sprinting. (Lange Steel Mesh)


4. Linyi Lingang high-end stainless steel key project started


At the beginning of the Spring Festival, the Linyi Lingang high-end stainless steel and advanced special steel base seized the time node and entered the rhythm of full resumption of work earlier. The Lingang District also established a special work class to ensure that the project was completed and put into production on schedule. At present, more than 20 key steel projects in Linyi Lingang high-end stainless steel and advanced special steel base have achieved a 100% operating rate. (Qilu Net)


5. Zhejiang Shuangsen Metal will be awarded the title of Zhejiang Provincial-level "Specialized, Specialized and New" Small and Medium Enterprise in January 2022


Zhejiang Shuangsen Metal Technology Co., Ltd. is committed to the research and development, design, and manufacture of precision stainless steel pipes and stainless steel drinking water pipes. The company has entered the innovation layer of the New Third Board for 6 consecutive years and is actively preparing for IPO issuance and listing. (Wenling Economic and Information Bureau)


6. Zhejiang Jianheng goes all out to catch orders


On February 11, there was a rumbling sound in the stainless steel water pipe production workshop of Zhejiang Jianheng Industrial Co., Ltd. Each production line was carrying out water pipe production in an orderly manner. Since the resumption of work on the eighth day of the first month, its stainless steel water pipe products have been in short supply, and the production and sales situation has been gratifying. According to statistics, the company will realize an output value of 747 million yuan in 2021, a year-on-year increase of 56.2%. (Intelligent Manufacturing New City)


7. Zhejiang Yongjin: The orders in the first quarter were relatively full, and the "explosive order mode" was opened.


Resumption of work after the holiday, with the increase in the production capacity of domestic and foreign home appliance manufacturers such as Whirlpool, Sanyo, and Midea, orders for various types of precision stainless steel products have come one after another.


"We have mainly used in the white goods it industry. The orders in the first quarter of this year were quite full, so we are now producing 24 hours a day, and everyone is producing one after another. About 300 tons of stainless steel coils are produced every day." Zhejiang Yongjin Metal Fan Gan, director of the production department of the C area of Science and Technology Co., Ltd., said. (Lanxi News Network)


8. India made a final ruling on the countervailing mid-term review of China-related welded stainless steel pipes:


On February 9, 2022, the Ministry of Commerce and Industry of India issued an announcement stating that a final anti-subsidy mid-term review decision was made against Welded Stainless Steel Pipes and Tubes originating in or imported from China and Vietnam, ruling that A**E- The BPE standard super welded stainless steel pipe is not eligible for the exemption, so it is not excluded from the products involved in the above countries. This case involves products under Indian customs codes 73064000, 73066100, 73066900, 73061100, and 73062100. (Official website of the General Directorate of Trade Remedy, Ministry of Commerce and Industry of India)