According to MySTEEL statistics, in April 2023, domestic stainless steel apparent consumption was 2.145 million tons, an increase of 0.1%month -on -month; real consumption was 2.307 million tons, an increase of 5.3%from the previous month.
Recently, the world's first multi-functional continuous casting machine compatible with small square billet, large square billet and thick slab has been successfully tested by China Heavy Duty Institute of National Machinery Reassembly, marking a substantial step forward in the field of stainless steel, special steel round, plate and square multi-functional continuous casting machine. It is a pioneer in the multifunctional design and development of a continuous casting machine that is compatible with stainless steel and special steel small round billet to large round billet, small square billet to large section rectangular billet and thick slab. It has created a new model of stainless steel and special steel continuous casting, opened a new situation of the diversification of continuous casting products in the stainless steel market, enhanced the technological innovation ability of stainless steel in China, and will lead the development direction of stainless steel continuous casting machine in the world.
It is understood that the continuous casting machine is a multi-functional stainless steel and special steel continuous casting machine developed by China Heavy Industrial Institute for Qingshan Group which is compatible with round, plate and square. It can not only produce stainless steel round billet with diameter Φ160mm-700mm, It can also be compatible with the production of 190mmX190mm stainless steel square billet, 300mmX500mm stainless steel rectangular billet, 300mmX810mm stainless steel/die steel slab, to meet the market demand of stainless steel types, cross-section diversification, improve the competitiveness of Qingshan Group in the world stainless steel market, consolidate its industry advantages and position. (Source: China National Machinery Reloading Erzhong, China Heavy Machinery Research Institute Corporation)
On May 23, 2023, Foshan Market News, according to data from the Ministry of Commerce, from January to April 2023, my country's foreign contracting project completed a turnover of 287.99 billion yuan, an increase of 10.6%year-on-year (equivalent to US $ 42 billion, an increase of 2.7%year-on-year). ; The amount of new contracts was 406.47 billion yuan, a year -on -year increase of 2%(equivalent to US $ 59.28 billion, a decrease of 5.3%year -on -year). It can be seen that my country's foreign investment continued to grow.
So, in addition to the above -mentioned macro -news, what information is there in the stainless steel industry?
1. Periodic price difference
1. Stainless Steel Futures 2307 contract closed down 175 yuan to 14500
Today, the stainless steel futures 2307 contract fell 175 yuan to 14,500 yuan/ton. The position increased by 6791 to 69731 hands and the transaction was 72068 hands.
Today, Wuxi 304 Cold -rolling Hongwang spot is 2.0mm. 2.0mm edges to about 15,100 yuan/ton (replaced by about 15270 as cut border). The current price difference between the stainless steel period is 770. (I want stainless steel)
Second, market dynamics
1. Foshan Market
In the morning, the market was green, and the 304 cold -rolled spot market was due to poor demand. The increase in price increases this week was weak. The quotes below 15000 are obviously more and more, and the market multi -specified special price is sold. The 304 hot rolling maintenance maintained the afternoon price of yesterday, and some of them fell at 50 to promote delivery. In 201, the hot and cold is still flat, but some of the specifications fell 20-50 for the sake of shipment, and the low quotation of the cold-rolled market increased. 430 Cold rolling continued to be flat, and the hot rolling part fell by 50.
2. Wuxi Market
It is understood that today's market conditions in Wuxi have not turned sunny like the weather, and the transaction situation remains light. Due to the weak transaction, the price of private cold rolling in 304 in the afternoon generally walked to 14,750 yuan/ton. In order to promote the low price of the transaction to the low price of the transaction, it was low to the downstream purchase.
Third, industry news
1. Qingtuo Special Steel 1780 Project Hot Rolling Department The first daily output reached 10,000 tons
According to information on May 22, the Qingtuo Group shows that the hot rolling department of Qingtuo Special Steel 1780 project reached 10,000 tons for the first time, laying a solid foundation for the improvement of future output. This is not only a breakthrough in the output, but also represents the smooth production of human -machine running through for one and a half months. The hot -rolled department of the 1780 project gradually moved to the right track and challenged the higher output and higher quality. (Qingtuo Group TSINGTUO)
2. Beigang New Materials appeared in the "Two Week Exhibition" in Guangxi in 2023
On May 20-21, the National Science and Technology Event Week in 2023 and the 32nd Guangxi Science and Technology Activity Week · Guangxi Advanced Technology Exhibition was held at the Nanning International Convention and Exhibition Center. Beigang New Materials was exhibited in the Beihai Exhibition Area as the invited unit. During the event, Deputy Director Xing Xingchao felt the charm of "hand -torn steel" on the scene, and put forward guidance on the development of Beigang New Materials Science and Technology. (Beigang New Material)
3. Jiu Li Specialty Integrate 29.93%of the remaining equity of 29.93.558 million yuan
On May 23, according to Jiu Li Special Announcement, the company holds 70.07%equity of Huate Stainless Steel Pipe Manufacturing Co., Ltd. ("Walter Steel Pipe") of Huzhou Walt Stainless Steel Pipe Manufacturing Co., Ltd. The operating decision -making efficiency and realizing the operating goals, the company plans to sign an equity transfer agreement with Feng Yongsen, a shareholder of the Natural person of Walter Steel Pipe. 10,000 yuan. After the acquisition is completed, Walter Steel Pipe will become a wholly -owned subsidiary of the company. (Shanghai Securities News · China Securities Network)
4. Zhejiang produced 6,000 tons of stainless steel seamless tube technical reform project through EIA approval
On May 22, the Songyang Branch of Lishui Ecological and Environment on Zhejiang Zhongchang Management Industry Manufacturing Co., Ltd. made an approved opinion of the environmental assessment document of the seamless steel seamless tube technical reform project and announced it. The announcement period was: 2023 5 From May 26th (5 working days), May 223. (People's Government of Songyang County, Lishui City)
5. Baosteel De Sheng Steel Refining Factory Excessive Capacity Remover and Efficiency Increasing Objectives
According to Baosteel De Sheng news, in the first quarter, the cost of changing the steelmaking factory was 85 million yuan, and the survey of the cost reduction and efficiency increase the target, so that the cost -reducing efficiency and efficiency work planned by Baosteel Deyon at the beginning of the year was pressed to the fast -moving key to get a new new key to get a new new key to get new. breakthrough! (Baosteel De Sheng)
6. The third -generation ultra -high -strength stainless steel technology and application are included in the latest version of "Central Enterprise Technology Innovation Achievements Product Manual"
On May 20, the website of the State -owned Assets Supervision Committee of the State Council released the "Central Enterprise Science and Technology Innovation Achievement Product Manual (2022 Edition)". The key materials areas include the third -generation ultra -high -strength stainless steel technology and applications of China Steel Research Technology Group Co., Ltd. The successful development of the material of the project has filled the domestic gap, and the overall technical level has reached international advanced. (China Steel Research Technology Group Co., Ltd.)
7. In April 2023, stainless steel consumption was 2.5 million tons
According to customs data, in April 2023, the domestic stainless steel imports were 122,100 tons, export volume was 376,300 tons, and the net export of stainless steel in April was 254,200 tons. Due to the increase in imports and exports, the monthly net export volume increased by 12%to 254,000 tons month -on -month. After calculation, the domestic stainless steel consumption in April was 2.503 million tons, a decrease of 2.2%from the previous month.
In May after the experience replenishment, the market purchase performance is weak, and the supply of steel mills will rise rapidly. Object consumption will increase accordingly. It is expected that the table will need to be around 2.71 million tons in May. If the actual demand is difficult to follow up, it may be reflected in the increase in inventory pressure. (51 News)
Fourth, raw materials related
1. Steel factory in South China 1120 yuan/nickel purchase high nickel iron
On May 23, a Steel Factory in South China purchased tens of thousands of tons of Indonesian high nickel iron iron at 1120 yuan/nickel (including taxation), and in June. (51 News)
2. 1090 yuan/nickel purchasing high nickel iron in a steel mill in East China
On May 23, 1090 yuan/nickel (tax included in the factory) of a steel plant in East China purchased thousands of tons of high nickel iron to supply traders. (51 News)
3. Today, Jinchuan Company's electrolytic nickel quotation is raised 500
On May 23, Jinchuan Company (yuan/ton): Shanghai electrolytic nickel (large board) 177,000; barrels of 17,8200 small pieces; the above quotation increased by 500 from May 22. (I want stainless steel)
4. Jiu Gang's high chromium procurement price in May 2023 is flat
On May 23, the purchase price of high -carbon chromium iron in Jiu Gang in May 2023 was 8,705 yuan/50 base tons (including tax to the factory cash price), and the purchase price was flat from the previous month.
Since the beginning of this year, Hongxing Co., Ltd. has grasped product quality strictly, comprehensively refined the key quality parameters and quality indicators of various processes varieties. While strictly perform daily process analysis and testing and evaluation , Tableized. At the same time, implement the confirmation system of production in various regions, strive to improve the level of product process management and control, and make every effort to ensure stable quality of steel. (Source: Jiugang Daily)
Progress of the Vietnam project and consideration of establishing the second Yongjin Plant in Vietnam.
The Yongjin project in Vietnam officially started production in April 2022. Although the utilization rate of production capacity was affected by factors such as overseas demand, it still demonstrated strong profitability and generally met profit expectations. Vietnam's Yongjin is an export-oriented enterprise, with its products primarily sold to Southeast Asia, Europe, and other regions. According to local requirements in Vietnam, our products have minimal sales in the domestic market. However, with the development of Vietnam, including the influx of overseas investments, there is a growing demand in the local market, and the price difference for processing is considerable. Therefore, based on the company's research, a decision has been made to establish a domestic sales company targeting the Vietnamese market in the northern part of Vietnam to meet the local market's demands.
Progress of the Thailand project:
Due to the relatively low efficiency of approval procedures in Thailand, and the requirement for national approval for projects that meet the daily production capacity, the environmental impact assessment (EIA) for the project is still pending. Therefore, construction has not yet started, and the company will proceed with project construction once the necessary procedures are completed. Currently, there are no signs of devaluation for the company's land assets in Thailand, indicating minimal impact on the overall project's subsequent construction.
Recently, nickel manufacturers Australia Independence Mining (IGO) released the production report in the third quarter of fiscal year in fiscal 2023. Nickel ore output was 8358 tons, a year -on -year decrease of 13.20%(2022Q1: 9629), an increase of 16.42%month -on -month
Among them, the NOVA nickel project produced 5547 tons of nickel ore this quarter, an increase of 31%month -on -month, and nickel sales were 4441 tons, an increase of 15%from the previous month. The increase in nickel production is mainly due to the recovery of the NOVA nickel project after the fire interrupted in the previous quarter.
The Forrestania nickel project was 2811 tons of nickel production this quarter, a decrease of 5%, and nickel sales of 1484 tons, a decrease of 29%month -on -month. Due to the decrease in raw materials and ore inventory, the nickel production of Forrestania decreased compared to the previous quarter.
In addition, this quarter, IGO sold mixed Nova and Forrestania products to BHP based on short -term contracts, achieving higher value. According to the extension of existing rights, IGO is finalizing a contracting agreement on mixed Nova and Forrestania products. The business terms have been agreed until the end of 23 years.
After the end of this quarter, IGO announced the land in Kwinana-Rockingham Strategic Industrial Zone. IGO and its project partners Wyloo Metals are currently working hard to make the final investment decision (FID) to develop IBM facilities. The facility will use nickel sulfide concentrate as the raw material. (PCAM). IGO and Wyloo Metals are advancing discussions with a global battery chemical manufacturer, and the manufacturer has expressed strong interest in the project cooperation.
In 2023, in order to promote the reduction of various steelmaking plants in the Baowu Group, focusing on the purpose of "reducing costs and increasing efficiency and improving the efficiency, benchmarking", the discount rate of stainless steel cast blanking of the steelmaking committee is set as the "all -in -branch" all -branch "all -in -branch" all -in -one "all -in -one" all -in -one "all -in -one" all -in -one "all the" all -in -place "all factories" all the "all -in -one" all -in -one factory "fully" all -in -factor The procedures are the first -class labeling "special labor competition, of which Baosteel De Sheng Steel Plant will use the heat -consuming heat transfer rate of stainless steel as one of the key promotion work of the energy conservation and consumption reduction of the year.
Under the leadership of the company's leadership, Baosteel Deterture Factory has formed a special team to actively analyze and restricts the pain points and difficulties of the plate blasting, and comprehensively improving the pain points, quality management, equipment accuracy maintenance, and optimization of production organizations. Essence
After the team members worked together, in the first quarter, the heat delivery rate of the stainless steel plate blanking of Baosteel Desert Steel Plant was increased from 80.17%of 2022 to 87.60%, with an improvement rate of 9.27%. Essence (Source: Baosteel Desheng)
In 2023, in order to promote the reduction of various steelmaking plants in the Baowu Group, focusing on the purpose of "reducing costs and increasing efficiency and improving the efficiency, benchmarking", the discount rate of stainless steel cast blanking of the steelmaking committee is set as the "all -in -branch" all -branch "all -in -branch" all -in -one "all -in -one" all -in -one "all -in -one" all -in -one "all the" all -in -place "all factories" all the "all -in -one" all -in -one factory "fully" all -in -factor The procedures are the first -class labeling "special labor competition, of which Baosteel De Sheng Steel Plant will use the heat -consuming heat transfer rate of stainless steel as one of the key promotion work of the energy conservation and consumption reduction of the year.
Under the leadership of the company's leadership, Baosteel Deterture Factory has formed a special team to actively analyze and restricts the pain points and difficulties of the plate blasting, and comprehensively improving the pain points, quality management, equipment accuracy maintenance, and optimization of production organizations. Essence
After the team members worked together, in the first quarter, the heat delivery rate of the stainless steel plate blanking of Baosteel Desert Steel Plant was increased from 80.17%of 2022 to 87.60%, with an improvement rate of 9.27%. Essence (Source: Baosteel Desheng)
Yongjin Vietnamese subsidiaries intend to vote for US $ 125 million to build 260,000 tons of precision stainless steel band projects
In order to implement the strategy of actively developing overseas business, expand the company's overseas influence, and enhance the company's overall profitability, on April 13, 2023, the 34th meeting of the 5th board of directors of Zhejiang Yongjin Metal Technology Co., Ltd. The "Proposal on New Projects of Subsidies", agreed that the company was tentatively scheduled to implement the "annual processing of 260,000 tons of precision stainless steel bands" project through its own funds investing in its own funds. The main body of implementation is Vietnam Jinzizi Company Xinyue Metal Technology Co., Ltd. The project plans to build an annual output of 180,000 tons of 300 lines and 2B wide -width production lines and 1 annual output of 80,000 tons 300 series/400 series BA production line. The project is built in three phases, and the fixed investment in the project is about 125 million US dollars.
Bloomberg: China will release domestic steel enterprises in April
Cited Bloomberg News that China will release domestic steel enterprises in April to limit production restrictions on production, requiring domestic steel manufacturers to maintain the output of 2023 in 2022, in response to the mild recovery of demand after the epidemic. Carbon emissions in the steel industry account for about 15%of the national carbon emissions, second only to power generation. In terms of striving to reduce carbon emissions and fulfill the climate commitment, the Chinese government has long regarded the steel industry as its important carbon emission constraints. Last year, the impact of the epidemic on the economy and the downturn cycle of the real estate market also had an important impact on the steel industry. At present, the China National Development and Reform Commission has not responded to Bloomberg's request for comment.
The momentum of the Asian stainless steel market is further enhanced
Comprehensive platform media news on April 13, 2023, after the stainless steel market in mainland China has been active, other Asian regions, especially Taiwan, are now increasing the price of stainless steel. This is likely to attack North and Europe soon. The US financial report season brings hope for the dynamic growth of profits. India has expanded countermeasures for China's stainless steel exports.
The output of stainless steel last year was 2.4744 million tons of net profit decreased by 17.67% year -on -year
Yongjin announced the annual report of 2022, with operating income of 39.555 billion yuan, a year -on -year increase of 26.11%, net profit of 487 million yuan, a decrease of 17.67%year -on -year, and a non -net profit of 457 million yuan, a decrease of 19.09%year -on -year. The basic earnings per share were 1.45 yuan. , A cash dividend of 5 yuan is distributed to all shareholders.
In 2022, the company's product production and warehouse output was 2.4744 million tons, an increase of 15.95%year -on -year; the company's products sold for a year -on -year sales of 2.4736 million tons, an increase of 17.98%year -on -year; in 2022, the company's business income was 39.555 billion yuan, a year -on -year increase of 26.11%; The sales volume of cold rolling 300 series 2B products was 1.9976 million tons, and the sales volume accounted for 80.76%; wide -width cold rolling 400 series BA products sold 214,200 tons, sales accounted for 8.66%; wide -width cold rolling 300 series BA products sold 20,500 tons, with 20,500 tons of products. Sales accounted for 0.83%; precision cold rolling 300 series sales were 98,600 tons, and sales accounted for 3.99%; precision cold rolling 400 series sold 65,300 tons, and sales accounted for 2.64%.
Tamsui River Valley: It is expected that the global nickel market will remain slightly excess this year
On April 13, a report submitted to the US Securities and Exchange Commission submitted to the US Securities and Exchange Commission showed that it is expected that the global nickel market will remain slightly excess in 2023, mainly due to the supply of II nickels for stainless steel raw materials.
【Macro News】
1. The Federal Reserve's three -handed player: It is reasonable to suspend it after the interest rate hike once this year
On Tuesday, the Federal Reserve ’s“ three leaders ”and the New York Fed Chairman John Williams said that the Fed’ s policy makers still have more work to do in terms of reducing inflation, and said that although the bank industry turmoil brings uncertainty, they will not change their policies. Williams said that the Federal Reserve policy maker said in the economic outlook in March that it will raise interest rates again this year, and then suspend interest rate hikes, which is a "reasonable starting point" -n the path of adjusting interest rates depends on the upcoming economy to be announced. data. However, he said that if inflation decreases, the Fed will need to reduce interest rates.
2. China Automobile Association: March car sales increased by 9.7 % year -on -year
According to the China Automobile Association data, in March, the production and sales of automobiles were 2.584 million and 2.45 million, respectively, with a month -on -month increase of 27.2%and 24%, respectively, an increase of 15.3%and 9.7%year -on -year. From January to March, the production and sales of automobiles were 6.21 million and 6.076 million, respectively, a year-on-year decrease of 4.3%and 6.7%, respectively. Compared with the slight decline in the same period, the effective demand in the automotive market has not been fully released.
【Futures Quotes Express】
Overnight, nickel nickel rose 420 to close at 23495, the increase was slightly limited, the capital side was still cautious, the short -term macro emotions improved, and the metal market was sorted out.
The stainless steel disk continued to rise slightly, rising at a closing of $ 15,260/ton. Recently, the atmosphere of the nickel price of the nickel price was affected, but the demand surface still improved. The short -term market is mainly compiled.
【Foshan Market】
At noon yesterday, there was news that several big steel manufacturers in Shandong Conference gathered. Market analysis will definitely adopt some positive stable prices policies. Therefore, market psychological expectations have begun to improve.
