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November coke price shock back to the 420 stainless steel price of the impact
Coke prices fell in November
In late October, and especially into November, the coke market cooled and price volatility eased. On November 3, the price of secondary metallurgical coke fell to 2400 yuan/ton, down 100 yuan/ton; On November 11, the price of secondary metallurgical coke fell 200 yuan/ton to 2200 yuan/ton, compared to the highest in October when 2500 yuan/ton down 300 yuan/ton. November 18, coke market spot price fell 3 rounds, a cumulative decline of 300 yuan/ton ~ 330 yuan/ton. After the price drop in East China quasi grade coke factory price including tax is 2350 yuan/ton ~ 2500 yuan/ton; North China quasi grade coke factory price including tax is 2300 yuan/ton ~ 2450 yuan/ton; Shanxi region quasi grade coke factory price including tax is 2250 yuan/ton ~ 2350 yuan/ton; The northeast region of the quasi grade Coke factory price including tax is 2250 yuan/ton ~ 2350 yuan/ton.
Market analysts believe that coke prices fell in November mainly for the following three reasons.
First, steel raw material prices remain high, the cost of steel mills increased pressure. Data from the China Iron and Steel Association showed that in the first three quarters of this year, the purchasing cost of coking coal and injection coal for key steelmakers rose by 51.1 percent year-on-year, and 40.3 percent year-on-year. Although the purchasing cost of imported iron ore dropped year-on-year, it was still higher than the same period in 2019 and 2020. At the same time, affected by the COVID-19 pandemic and rising energy prices, logistics costs of steel companies have risen sharply, increasing the cost pressure on enterprises.
Second, steel prices fell, steel mill profits, even losses. This year "nine silver ten" period, the steel market "peak season is not prosperous", steel prices continue to fall. Such as October, Shanghai area cold rolled plate, hot rolled plate, medium thick plate, steel bar, wire and other main steel prices fell, the minimum drop is 250 yuan/ton ~ 260 yuan/ton, the maximum is 370 yuan/ton ~ 400 yuan/ton. Due to the decline in steel prices, steel mills profit significantly reduced, many steel losses. Data show that in the first three quarters, steel enterprises of the association achieved revenue of 4.87 trillion yuan, down 9.27% year on year; Total profit was 92.8 billion yuan, down 71.34 percent year on year. In the first half of this year, the steel enterprises of the association achieved a total profit of 103.4 billion yuan, and the steel enterprises of the association reported an industry-wide loss in the third quarter. Steel mills in order to ease the cost pressure, change the loss situation, mostly lower coke purchase price.
Third, steel mills actively limit production and reduce production, weakening the demand for steel raw materials such as coke. According to the National Bureau of Statistics, the average daily output of domestic steel in October was 2,572,900 tons, down 11.2% from the previous month. The average daily production of pig iron was 2,284,800 tons, down 7.3% from the previous month. The average daily output of steel was 3,704,800 tons, down 4.3% from the previous month. The latest statistics of the Steel Association show that in the first ten days of November, the key statistics of steel enterprises symbionic production of 19,867,800 tons of steel, 18,091,600 tons of pig iron, 19,146,900 tons of steel. The daily output of steel was 1,986,800 tons, down 2.09% from the previous month. The daily production of pig iron was 1,809,200 tons, down 4.58% from the previous month. The daily output of steel was 1.914,700 tons, down 9.13% from the previous month. Steel mill output continuous decline, the demand for coke significantly reduced.
The jump in the price of nickel in London to its highest level in seven years has also had an impact on the 420 stainless steel
The prospect of reduced supply has emerged in recent months as demand for stainless steel has improved as the aerospace and oil and gas industries have rebounded from the nadir of COVID-19 last year. The pandemic has led to a continued logistics downturn, with shipping congestion in the Atlantic, Pacific and Indian basins, making it harder for consumers to access raw materials such as nickel. If you are looking for 420 stainless steel, feel free to contact Wudenalloy .
Expectations of less nickel from Indonesia, a major supplier, also helped drive prices higher. The Southeast Asian country said last month it planned to ban or export semi-finished products used to make stainless steel to keep more stainless steel in the country and support a domestic industry focused on electric car batteries.
Indonesia has been reversing its policy since it first imposed a ban on unprocessed mineral exports in 2014, According to Allan Ray Restauro, a BloombergNEF analyst, in a report. In 2017, Exports were allowed again, but only by companies that own and operate smelters. The export ban was subsequently brought forward by two years, to 2020.
BloombergNEF expects nickel prices to remain above $18, 000 a ton, although the metal will continue to underperform copper and aluminum.
Wudenalloy offers high-quality Hastelloy, Incoloy®, Inconel®, Monel ®, duplex stainless steel , n ickel and Other Alloys.
The global competitive landscape of t he 420 stainless steel
Nickel alloy is mainly used in electronic and electrical products in the household field, and 420 stainless steel is mainly used in TV manufacturing and household appliance manufacturing. The global nickel alloy market demand is increasing rapidly, and the development prospect is good. The nickel alloy strip processing industry is in the replacement stage of the old industry and new industry, and the market opportunity is good.
Once predicted copper alloy lead frame strip will completely replace nickel alloy lead frame strip situation, currently, through the market 420 stainless steel screening classification, it shows that nickel alloy cannot completely replace, and has basically formed nickel alloy accounted for 20%, copper alloy accounted for 80% of the proportion. In recent years, with the miniaturization of integrated circuits, the application of nickel alloy strip is expanding due to their special properties.
The price of nickel-base alloy 420 stainless steel fluctuates greatly and becomes the main competition point
Nickel and nickel alloy strip as an important metal material has a strong ability to add value, with the development of the global economy for nickel alloy strip demand increasingly strong, product prices will fluctuate with the development of the market. Wudenalloy Co., Ltd., ISO 9001 certified, is the world leading supplier of corrosion-resistant and high-temperature resistant specialty materials, specializing in the production of nickel alloys for more than 10 years serving some of today most critical industries. Our team of experienced experts works with aerospace, petroleum, chemical, natural gas, heat treatment, power generation and related industries to provide efficient pipeline components and value-added services.
Wudenalloy offers high-quality Hastelloy, Incoloy®, Inconel®, Monel ®, duplex stainless steel , nickel and other alloy materials. These materials can be made into bars, plates, pipes, flanges, valves, forgings and other forms to meet the needs of our customers. Feel free to contact us. Wudenalloy is your trusted supplier of special alloy materials.
What are the industry requirements for 420 stainless steel?
Pure nickel is generally used in chemical equipment corrosion resistant structural parts, precision instruments, electronic tubes and radio equipment parts and other fields, high purity nickel N4 in electrolytic, electroplating and other industries have a large demand, mainly for the wide medium-thick plates. Ultra-pure nickel is used in areas such as batteries.
Nickel-based superalloy has good resistance to high temperature, corrosion or some specific environment adaptability. Although the new increment of the nuclear power industry fluctuates greatly each year, it still maintains the trend of growth in the long run. In the nuclear power equipment manufacturing industry, the superalloy material 420 stainless steel has an irreplaceable role due to its excellent characteristics of high-temperature resistance and high strength resistance and is mainly used in the nuclear island that undertakes nuclear reaction work.
Ti-Ni shape memory alloy is widely used in human heart stents, dental orthodontics and other fields. With the gradual deepening of r&d investment in the medical device industry, the technological innovation and material application of medical device products have developed rapidly. For shape memory alloy, the demand scale of high-tech materials such as 420 stainless steel shows an obvious upward trend, while the demand scale of emerging industries such as aerospace, automobile and robot also shows a rapid growth trend.
T he 420 stainless steel high quality supplier
Wudenalloy has focused on the production and manufacture of nickel alloys for more than ten years. We are a principal worldwide supplier of corrosion-resistant alloy and other superalloy metals. We have a professional technical team and after-sales service, so we can offer high-quality Hastelloy®, Incoloy®, Inconel®, Monel®, Duplex Stainless Steel and other alloy material. These materials are available in bar, sheet&plate, pipe&tube, flange, forging, and other forms to meet the needs of our customers.
If you are looking for 420 stainless steel, please send an email to email@example.com , feel free to contact us. Wudenalloy is your trusted supplier of special alloy materials.
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