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The supply of stainless steel is tight and the demand is good. There is a long opportunity for nickel price
The output of global nickel ore may increase significantly in 2021, but Indonesia will be banned again in 2020, and due to the transition from Indonesia to a NPI producer, the possibility of recovering exports in the future is very small. However, the problem of the decline in the grade of the Philippine ore can not be solved. At present, the domestic nickel ore is likely to continue to be tight in 2021. The cost of Indonesia's NPI may be pushed up by the imposition of Indonesia's domestic trade benchmark or enforcement. Under the condition that domestic smelting is restricted by the ore side and the NPI import cost may rise again, the supply side may support the nickel price.
2022
12-07
The output of crude stainless steel in the first three quarters of this year decreased by 2.30% year-on-year
From January to September 2020, the national output of crude stainless steel was 21973500 tons, a year-on-year decrease of 516200 tons or 2.30%. Among them, the output of Cr-Ni stainless steel was 10.765 million tons, an increase of 24300 tons or 0.23% year on year, and its share increased by 1.23 percentage points to 48.99% year on year; The output of Cr-Mn stainless steel was 6.910 million tons, with a year-on-year decrease of 764700 tons and 9.96%, and its share decreased by 2.68 percentage points to 31.45%; The output of Cr series stainless steel was 4.1645 million tons, an increase of 226800 tons or 5.76% year on year, and its share increased by 1.44 percentage points to 18.95% year on year; The output of duplex stainless steel was 134226 tons, with a year-on-year decrease of 2649 tons and 1.94%, and its share was 0.61%, which remained unchanged.
The current price difference of stainless steel futures in the new low period exceeds 1100 yuan/ton!
On the spot side, the transaction of stainless steel spot market continued to be weak today, but some traders said that due to Monday, some downstream replenishment, the transaction was general, slightly better than last Friday. However, after today's price reduction, the market transaction will definitely be light again.
Stainless steel - easy to rise but difficult to fall in the short term
Domestically, Caixin China's manufacturing PMI fell 1.5 percentage points to 51.5 in January 2021, the lowest since July 2020, but it is still in the expansion range for the ninth consecutive month. The supply and demand of manufacturing industry continued to expand, but the speed slowed significantly; The overseas epidemic has repeatedly led to the reduction of orders of foreign trade enterprises, which has significantly curbed foreign demand. China's official manufacturing PMI in January was 51.3, expected to be 51.3, and the previous value was 51.9; Non-manufacturing PMI was 52.4, down from 55.7, the second consecutive month of decline; The PMI of the service industry was 52.4, with the previous value of 55.7, the largest decline since February last year. In December 2020, the CPI rose to 100.2, with a year-on-year increase of 0.2%.
2020
04-21
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Nickel-based alloy not only has strong corrosion resistance, but also has high stability. It is not easy to be affected by the environment during the installation and use of alloy materials. The alloy material is very stable and reliable. Because of these advantages, its application range is also expanding. The application of this alloy material can be seen in the aviation and chemical fields.