[51 Stainless Steel] Foshan market news on May 28, 2021, affected by the sharp increase in Lun nickel overnight, quotations in the morning market have risen frequently, of which 304 cold-rolled rose by 100-300 yuan/ton, and hot-rolled rose by 100-300 yuan/ton. At 100 yuan/ton, small movements also appeared in 201 hot rolling. Qingshan's agency quotation flattened, but as the sales went smoothly, the quotation was suspended and the quotation was increased by 100 yuan/ton, but the market was mostly watching.
So, besides the price quotation, what other hotspots are worth paying attention to in today's market? Details are as follows:
A macro essence
1 [Xinhua News Agency: China Steel Association: National 620 million tons of crude steel production capacity will achieve ultra-low emissions]
On May 28th, He Wenbo, Executive Chairman of the China Iron and Steel Association, stated at the 11th China International Iron and Steel Conference that as of the end of February 2021, 229 iron and steel enterprises across the country have a crude steel production capacity of 620 million tons (159 in key regions are about 450 million tons). Ton of crude steel production capacity) has completed or is implementing ultra-low emission transformation. 110 iron and steel enterprises in key areas (350 million tons of crude steel production capacity, accounting for more than 60% of the total production capacity in key areas) have completed or are carrying out evaluation and monitoring.
2 [Flush with Huashun Finance: my country's total logistics industry revenue from January to April increased by 34.3% year-on-year]
According to data from the China Federation of Logistics and Purchasing, from January to April, the total social logistics in the country was 97.4 trillion yuan, an increase of 20.0% year-on-year, and an average growth rate of 7.2% in two years. It still maintained a steady and rapid growth, and the scale and growth rate exceeded 2019. The level of the same period last year has basically returned to the normal level before the epidemic. In addition, from January to April, the total revenue of the logistics industry reached 3.6 trillion yuan, a year-on-year increase of 34.3%, an average growth of 11.3% in two years, and the growth rate remained at a relatively high level, indicating that the logistics market has further recovered.
3 [51 Express: In April, the volume of domestic stainless steel products exported to the United States was 16,400 tons, an increase of 84.3% year-on-year! 】
In April 2021, the amount of stainless steel products exported from mainland China to the United States was about 16,400 tons, an increase of 7% from the previous month and an increase of 84.3% year-on-year; from January to April, the cumulative volume was about 65,000 tons, an increase of 108.17% year-on-year.
In April 2021, the amount of stainless steel exported from mainland China to the United States was 4,500 tons, a decrease of 8.89% month-on-month and an increase of 1.69% year-on-year; from January to April, the cumulative volume was 17,600 tons, an increase of 55.06% year-on-year.
4 [51 Express: Stainless steel futures 2107 contract closed up 525, the current spread to 1075]
Today's stainless steel futures 2107 contract closed up by 525 yuan to 15,495 yuan/ton, and positions increased by 1890 to 51,152, with a transaction of 154539.
Today, Wuxi 304 cold-rolled Hongwang spot 2.0mm rough edges are flat to around 16,400 yuan/ton (converted into trimming about 16,570), and the current price difference of stainless steel futures is 1,075 yuan/ton.
Two raw materials related
1 [Jinchuan Electrolytic Nickel (large plate) quotation increased by 6,700 yuan/ton] On May 28, Jinchuan Company’s Shanghai Electrolytic Nickel (large plate) quotation was adjusted to 135,200 yuan/ton (Shanghai), and a small piece of drum was 136,400 yuan/ton. , An increase of RMB 6,700/ton from yesterday. (I want stainless steel)
2 [Taigang's June purchase price of high chromium is reduced by 50 yuan/50 basis tons] TISCO’s June purchase price of high chromium is now set at 7,250 yuan/50 basis tons (including tax to the factory), which is slightly lower than the previous month’s purchase price by 50 yuan Yuan/50 basis tons. (I want stainless steel)
3 [The total variable cost of the Nanfen Open-pit Mine of Benxi Iron and Steel Mining reduced by more than 12 million yuan in the first 4 months] Since this year, the Nanfen Open-pit Mine of Benxi Iron and Steel Mining has adhered to the principle of efficiency as the center, following the principle of process compliance, and focusing on reducing production and energy quotas. Focus, eyes inward and dig deep. In April, the total variable cost of the mine was reduced by 3.74 million yuan, and the total variable cost in the first four months was reduced by 12.03 million yuan. (Bengang News)
4 [The commissioning of the 400,000-ton-class wharf of Luoyu Port in Putian, Fujian can reduce the cost of steel companies by more than 20%] On May 26, the 400-ton-class wharf of Luoyu Port of Fujian Port Group was completed and put into operation. It is the sixth port in China that can accommodate the berthing and unloading of the world's largest 400,000-ton ore ship. Luoyu Port has become the only port south of Ningbo Port that officially opens 400,000-ton berths.
In this regard, industry insiders estimate that the use of 400,000 tons of large ships can save more than 20% of comprehensive logistics costs for major iron and steel companies compared to the traditional transportation mode using ships of less than 300,000 tons. (China News Service)
Three industry news
1 [Domestic stainless steel exports to Taiwan, China rebounded slightly from the previous month]
In April 2021, the volume of domestic stainless steel exports to Taiwan, China was 35,000 tons, a month-on-month increase of 6,000 tons, an increase of 1.88%; a year-on-year decrease of 9,600 tons, a decrease of 21.42%.
From January to April 2021, the total amount of stainless steel exported to Taiwan was 123,000 tons, a year-on-year decrease of 32,300 tons, a decrease of 20.77%. (I want stainless steel)
2 [Baosteel Co., Ltd.: The company's Yancheng project is still in the research and waiting stage and there is no substantial progress at present]
On May 27, Baosteel Co., Ltd. replied to investors that in terms of relevant terms, the operation difficulty and implementation cost of capacity replacement for steel companies in the future will further increase. Therefore, the company's Yancheng project is still in the research and waiting stage, and there is no substantial progress at present. . (Flush Financial Research Center)
3【Jiugang Stainless Steel Branch successfully realized multi-furnace continuous casting of high manganese non-magnetic steel】
Recently, the Stainless Steel Branch of Jiuquan Iron & Steel Co., Ltd. successfully realized the continuous casting of 20Mn23AIV high manganese non-magnetic steel in multiple furnaces, breaking the history of single furnace casting of this steel. (Jiugang Hongxing Stainless Steel)
4 [Huang Qing, Secretary of the Party Committee and Chairman of Guangxi Beigang New Materials, visited Daming on Monday]
On May 27, Guangxi Beigang New Materials Party Secretary and Chairman Huang Qingzhou, Marketing Company General Manager Chen Hailian, Marketing Company Deputy General Manager Wang Ze, Office Secretary Gao Yisa, and Wuxi Office Director Xie Xin visited Daming. During the discussion, the two parties introduced the current development and future plans of their respective companies, and exchanged in-depth views on Daming’s differentiated advantages and services in variety and market development, processing technology, major engineering projects, import and export, and Beigang’s new material production technology. And the status of variety development. (Da Ming International)
5 [Ansteel Group Automotive Steel Appears at the South China Automotive Steel Special Exhibition] May 25 to May 27, Ansteel Group’s automotive steel products will be exhibited at AUTO TECH 2021 Guangzhou International Automobile Technology Exhibition and South China Automotive Steel Special Exhibition It will be exhibited. The exhibits include cold-rolled high-strength, hot-rolled, pickled, galvanized, wire, stainless steel, etc., with a total of more than 60 exhibits, fully demonstrating the full coverage of Angang's automotive steel vehicles. (Angang Daily)
6 ["Ansteel Group Carbon Peak Carbon Neutral Declaration" officially released] On May 27, Dai Zhihao, General Manager of Ansteel Group, on behalf of Ansteel Group, issued the "Ansteel Group Carbon Peak Declaration on Carbon Neutrality. (Cradle Angang)
7 [2021 National Steelmaking-Continuous Casting Production Technology Conference and Continuous Casting Academic Annual Conference held in Liugang Group] May 26, 2021 National Steelmaking-Continuous Casting Production Technology Conference and Continuous Casting Academic Annual Conference at Liugang The group was held. It is reported that the theme of this conference is: steelmaking process optimization and intelligent upgrading, establishing and perfecting a precise, stable, efficient, low-cost and high-quality steel production technology system. The conference carried out in-depth discussions on high-efficiency and low-cost clean steel production technology for converters, external refining and interface collaboration technology, and high-homogenous, defect-free continuous casting technology. (Liu Gang News)
8 [Kunshan Iron and Steel's composite products went to Shanghai to debut at the 20th China International Metallurgical Exhibition]
From May 26th to 28th, the 20th China International Metallurgical Industry Exhibition was held at the Shanghai National Convention and Exhibition Center. The three types of composite products produced by Yunnan Kungang New Composite Material Development Co., Ltd. were successfully unveiled at the exhibition. (Sing up Kunming Iron and Steel)
Four market dynamics
1. Wuxi market: Affected by the sharp rise in bulk commodities last night, the spot market quotations in the morning have seen rises. In terms of 304, cold-rolled prices rose by 100-200 yuan/ton, and hot-rolled ones rose by 150 yuan/ton; while in 201 On the other hand, the quotations of cold and hot rolling were flat. In addition, the spot base price of Delong 304 cold rolled May was reported at 15,900 yuan/ton, with no rebate. This price is the same as the previous price.
2. Foshan market: this morning, the low level of 304 cold-rolled market has an increase of 200-300 yuan/ton, and the high level has an increase of about 100 yuan/ton. The hot-rolled narrow strip has a limited increase, and the large plate is mostly about 100 yuan/ton. , And in terms of 201, the cold-rolled Castle Peak agent has risen, and the spot market is getting less low, mostly following the price of Castle Peak before the price increase, but there is still part of the wait-and-see, hot-rolling is mostly around 50 yuan/ton.
3. Opening of steel mills:
①Today, the guide price of Tsingshan 304 hot-rolled futures is 15,600 yuan/ton, in July, the volume is pending approval! This price is 500 yuan/ton higher than the listed price on May 6 and down 600 yuan/ton from the last dark market in East China.
②Fujian, Jiangsu Yongjin, May 28, 304 cold rolled July futures sales guidance price of 4 feet 15,900 yuan / ton; Guangdong Yongjin May 28, 304 cold rolled July futures sales guidance price 5 feet 16,150 yuan / ton, 5 feet For thickness below 0.60, the base price is 16,000 and is pending approval. This price rose 500 yuan/ton from the bright market on May 6 and fell 300 yuan/ton from the dark market on May 18.
③Today's guide price for Tsingshan Hongwang July futures: 304 four-foot cold-rolled 15800 yuan/ton, 304 five-foot cold-rolled 16,050 yuan/ton, pending approval, this price is 600-800 higher than the price on May 6th. Yuan/ton, down 200 Yuan/ton from the dark market on May 18.
④Today's Tsingshan Group price: 304 Narrowband Southern China 14,500 yuan/ton, Eastern China 14,600 yuan/ton, and the volume is pending approval. This price is the same as the market price on May 20.