Qingtuo Group: QN series is more cost-effective and competitive than 304 stainless steel.

Published: Apr 1, 2022 10:07
[Qingtuo Group: QN series is more cost-effective and market competitive than 304stainless steel] Secretary of the Party Group and Director of Fujian Bureau of Statistics Ye Feiwen asked about the differences between QN series products and 304stainless steel. Jiang Haihong said that QN series products improve the strength and hardness of materials, reduce material costs, and have a higher performance-to-price ratio and stronger market competitiveness than 304stainless steel.

On March 30, five people including Ye Feiwen, secretary of the party group and director of the Fujian Bureau of Statistics, visited Qingtuo Group for research. Liang Weixin, secretary of the Ningde Municipal CPC Committee, Miao Shaowei, member of the standing Committee of the Municipal CPC Committee and executive vice mayor, Zhou Xiangqi, secretary of the Fu'an Municipal CPC Committee, and other leaders accompanied Qingtuo Group Chairman Jiang Haihong, President Chen Qingke, and Executive General Manager Zhong Shengjiang.

The research group of the Provincial Bureau of Statistics visited the supply and marketing hall, research institute, furniture exhibition hall and electronic exhibition hall, and inspected stainless steel raw materials and stainless steel products such as 200,300,400 series and QN series, as well as furniture products made of stainless steel. To understand the global industrial layout of Castle Peak, and the development process and operation status of Qingtuo Group stationed in Wanwu Peninsula.

Ye Feiwen asked about the differences between QN series products and 304stainless steel, Jiang Haihong said that QN series products improve the strength and hardness of materials, reduce material costs, and have a higher performance-to-price ratio and stronger market competitiveness than 304stainless steel on the basis of ensuring corrosion resistance.

Zhong Shengjiang introduced to the party in detail that Qingtuo Group persists in innovation and leads the development, and independently develops "pen tip steel". Its overall performance has reached the leading level in China, from the product specification of only 2.3 mm to the current 1.0 mm of excellence, filling in the domestic blank. In the next 2 to 3 years, Qingtuo Group will strive to achieve more than 90% of the domestic market share of pen tip steel, so as to completely solve the problem of pen tip steel "neck sticking". Ye Feiwen expressed high affirmation of the innovation power of private enterprises while trying to write pen tip steel.

Subsequently, the research team went to Fu'an Qingmei Energy Materials Co., Ltd. to inspect the production and operation of new energy materials.

Author: Zheng Jiangli

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
19 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
19 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
19 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
19 hours ago