This page is archived news covering the period of April 2016
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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Thursday, April 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.17/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 415,750 tonne level. We show nickel support level at $4.01/lb, with the first line of resistance at $4.28/lb. The recent rally is showing signs of running out of steam and we could see prices begin to falter further if the market can not recapture some positive momentum. Much of the recent increase in price has been based more on speculation than facts, and there is concern that the signs of recovery the market was betting on, were incorrect. This is our final update for the week, so we wish each of you a safe and relaxing weekend and hope to see you back next week. Just a reminder, LME markets are closed on Monday.  
  • Average price of cash nickel so far this month - $3.99/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper turns flat as bulks drop on China - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Bank of Japan Stuns Market by Holding Off on More Stimulus - more
  • Regulator says faulty bolts at Indian Point most ever seen - more

    Stainless and chrome scrap prices reach higher ground - Global: Stainless steel scrap traders are reporting higher levels of demand from the mills over recent weeks and, as a consequence, prices have improved further to US$ 1030-1080 per tonne for 304 grade material and to US$ 1330-1380 for the 316 quality. - more

    Temp closure of plant will affect nickel production in PNG - Papua New Guinea mineral resource company Highland Pacific says the temporary closure of the Ramu Nickel processing plant in Madang will affect nickel production this year. - more

    State mine owner Terrafame gets temporary environmental permit to discharge waste water - The Vaasa Administrative Court has amended an environmental permit that allows the now state-owned Terrafame nickel mine in Sotkamo, eastern Finland to discharge waste water into the Nuasjärvi lake in northeast Finland. - more

    Brazil's Vale back to profit on iron ore, currency - Brazilian miner Vale SA on Thursday reported a first-quarter net profit of $1.78 billion, beating analyst forecasts and returning to profit for the first time in three quarters, helped by higher iron ore prices and a stronger Brazilian real. - more

    Pacific News Minute: French PM visits New Caledonia to Prepare for Independence Referendum - French Prime Minster Manuel Valls is on a three-day visit to New Caledonia. The French South Pacific Territory is scheduled to hold a referendum on independence in 2018, but what's on the ballot and exactly who's eligible to vote remain to be decided...details from Neal Conan in the Pacific News Minute. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, April 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.16/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 416,350 tonne level. Slow news day but after last weeks retreat from the $9500 tonne level, it is showing holding power for most of early February gains.
  • Average price of cash nickel so far this month - $3.98/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper extends losing streak to 3rd day on China concerns - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Treasuries Rise, Dollar Drops Before Fed; Apple Weighs on Stocks - more

    New NI publication: The life of Ni - more

    Clive Palmer is ‘Innocent,’ Says Clive Palmer - Billionaire politician Clive Palmer is portrayed as someone innocent in an advertisement he launched about himself. - more

    Valls poised to tweak Noumea visit - French prime minister Manuel Valls may alter his programme for this Friday's visit to Noumea by going to the grave of the late anti-independence politician, Jacques Lafleur, reports from New Caledonia say. - more

    Exploration sector sees 19% fall in 2015 worldwide nonferrous metals exploration budgets - The latest World Exploration Trends report from SNL Metals & Mining reveals that the global exploration sector continues to struggle against strong market headwinds. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, April 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.13/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouse fell on Monday and now total just over the 418,050 level. The conversation on many metals lips is what is happening on China - or the question of what is happening in China. No other single factor is more important in determining when trying to predict where the price of nickel might go. Signals are mixed and at this point, there are far more questions than answers.
  • Average price of cash nickel so far this month - $3.98/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides as worries about China demand resurface - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • JFE Warns on Steel Price Uncertainty as Profit Beats Target - more
  • European Stocks Rally After Earnings; Pound Jumps, Metals Slide - more

    China's first-quarter metal imports say more about supply than demand: Andy Home - What is going on in China? That question looms largest of all in determining whether base metal prices have bottomed out. - more

    France to lend $340 mln to New Caledonia nickel group - France is set to provide 300 million euros ($340 million) in loans to New Caledonia nickel producer Societe Le Nickel (SLN) as it struggles with weak prices for the metal, a French weekly newspaper reported. - more

    China's top steel making province bans reopening of mills ordered closed - China's top steel making province will ban the reopening of steel mills that had been previously ordered to shut down, the official Xinhua News Agency reported on Tuesday, as soaring steel prices lure back producers. - more

    PolyMet continues investment - PolyMet Mining Corp. has continued to invest at a high level into the copper/nickel/precious metals project near Hoyt Lakes and Babbitt, according to the company’s fiscal 2016 statement. - more

    Warnings stack up for China’s red-hot steel market - Warnings are stacking up fast after China’s eye-popping steel rally. Fitch Ratings Inc said prices lifted in part by heightened speculation are destined to slump, while a bank in Singapore flagged the risk of a boom-bust cycle reminiscent of China’s equity market. - more

    Ukraine announces substantial hike in scrap export tariffs - The Ukraine Parliament has approved the bill proposing hike in scrap export tariffs. - more

    Courtesy AISI - In the week ending April 23, 2016, domestic raw steel production was 1,684,000 net tons while the capability utilization rate was 72.0 percent. Production was 1,649,000 net tons in the week ending April 23, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 2.1 percent increase from the same period in the previous year. Production for the week ending April 23, 2016 is down 0.5 percent from the previous week ending April 16, 2016 when production was 1,693,000 net tons and the rate of capability utilization was 72.4 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, April 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.10/lb . Indicators at 5:50 am CST today show 3 month nickel trading around $.01/lb . Stockpiles of nickel stored in LME approved warehouses fell on both Thursday and Friday and now total just under the 419,000 tonne level. Nickel fell sharply on Thursday, unable to beat the $9500/tonne level. It attempted another rally on Friday, but this failed as well. Today a stronger Euro appears to be adding some support and the traded price is mostly sideways at the moment. 
  • Average price of cash nickel so far this month - $3.97/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Industrial metals slide, jury still out on China demand - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Asia stocks, dollar slip as markets await Fed, BOJ meetings - more

    Nickel market ends in small deficit during Jan-Feb ‘16 - The global nickel apparent demand slightly exceeded production during the initial two-month period of the year. The world nickel market recorded deficit of 4,400 tons during January to February this year. - more

    Eramet group: sales are down 14% in first-quarter 2016 compared with first-quarter 2015, mainly due to the evolution of nickel prices. - more

    Kennecott's Production of Mo Concentrates in Jan- Mar 2016 = 220,000 lbs in pure Mo equivalent, down by 96% from year-earlier period = The quantity of molybdenum concentrates produced at Bingham Canyon Mine by Kennecott Utah Copper in the period from January to March in 2016 was 100 tons in pure Mo equivalent (equal to 220,000 lbs), drastically down by 96.3% from 2,700 tons (= 5.95 million lbs) in the year-earlier period. - more

    New Caledonia's SLN in line for huge French loan - French media reports say the government will lend $US330 million to stave off the collapse of the loss-making New Caledonian SLN nickel company. - more

    Mitsubishi to unload nickel stake in asset reshuffle - Mitsubishi Corp. will sell its only stake in an overseas nickel project and shift its resource business toward copper, coal and natural gas. - more

    Credit Suisse prediction on China's steel demand to bolster iron ore bulls - The Chinese steel rally driving the price of iron ore is "only starting", with a "major restocking event" about to deliver a very strong year for steel demand, Credit Suisse has said. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, April 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.21/lb . Indicators at 6:00 am CST today show 3 month nickel trading around$.09/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 423,500 tonne level. Nickel's bullish trend remains in place, with prices up nearly 7% during the last trading month. Nickel is nearing the next line of resistance ($4.25/lb). This is our last weekly update so we wish each of you a safe and relaxing weekend.  
  • Average price of cash nickel so far this month - $3.93/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits one-month high as China optimism gains momentum - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Commodities at Five-Month High Support Miners, Weigh on Bonds - more

    Easy on the soap: mining firms pinch pennies as downturn bites - From trimming menus in staff canteens to cutting back on soap and washing detergent at worker camps, the global mining industry that once lavished perks on employees is scrimping like never before as a brutal downturn engulfs minerals markets. - more

     China's 'zombie' steel mills fire up furnaces, worsen global glut - The rest of the world's steel producers may be pressuring Beijing to slash output and help reduce a global glut that is causing losses and costing jobs, but the opposite is happening in the steel towns of China. - more

    Market Trend of Import of Ferroalloy as of 15 April 2016 = Prices of Chinese FeSi and EMM as well as Indian SiMn get weakened = The market trend of import of ferroalloy as of 15 April 2016 is as follows. - more

    Botswana's BCL Mine plans $250m bond to pay for acquisitions - Botswana's largest copper and nickel producer, BCL Mine Limited plans to raise $250 million through a bond open to both local and foreign players to finance acquisitions, the state owned company said on Wednesday. - more

    8 Countries that Produce The Most Nickel in The World - The value of nickel, lies in its inaccessibility, which is why the countries that produce the most nickel in the world spend a significant amount of resources on its extraction and production. - more

    Canada accounted for 65% of US Nickel scrap exports in February - The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports totaled 2,549 tons during the month of February this year. Canada accounted for over 65% of the Nickel scrap exports by the country during the month. - more

    After halted shipment, nickel miner dashes for operating permit - Executives of Falconbridge on Tuesday visited the Energy and Mines Ministry where they said they’ll submit the needed documents to expedite the issuing of the license and resume ferronickel extractions, after Americano Nickel Ltd acquired a majority stake. - more

    Australia sees $73 million cleanup bill for nickel plant near Barrier Reef - Australia estimates it will cost A$93 million ($72.68 million) to begin the clean-up of environmental damage at the bankrupt Yabulu nickel refinery in the country's northeast near the Great Barrier Reef, local media said on Wednesday. - more

  • Palmer attempts to block administrators - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, April 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.17/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel store in LME approved warehouses rose on Tuesday and now total just over the 425,200 tonne level. The traded price of nickel is now trading north of the 10, 50 and 100 day moving average, tus sending a bullsiih signal to traders. China is sending mixed signals about any potential recovery, but apparently traders are looking at an increase in metals prices there as a signal things may finally be picking up.
  • Average price of cash nickel so far this month - $3.91/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper buoyed near 3-wk high as China outlook appears to brighten - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Following Relief Rally, Allegheny Technologies' Valuation Premium To Comparable Transactions Is Undeserved - more
  • Global Stocks Rally Sputters as Crude Slides, China Shares Sink - more

    U.S. Export Vlolume of Nickel Scrap in February 2016 = Up by 19% from prior month, which is due to exports to Japan, Sweden and UK being up = According to the statistics released by the U. S. Department of Commerce, the export result of nickel scrap in February 2016 was 2,549 tons, up by 19.2% from 2,139 tons in the prior month, and the average export unit price per ton was US$3,518.58, up by 3.2% from the prior month. - more

     Townsville’s problem is pig nickel not Clive Palmer - I am not defending Clive Palmer’s cash games with Queensland Nickel’s Townsville plant but it is important that all Australians understand that the problems of the Townsville plant go far beyond any actions of Palmer. - more

    Queensland Nickel debts will probably not be paid, former director Clive Mensink tells court - The structure of Queensland Nickel means Clive Palmer and his related companies are not responsible for its debts, the company's former director has told Brisbane's Supreme Court. - more

  • Cost of rehabilitating tailings dams at Townsville nickel refinery could cost almost $100m - more

    Proposed PolyMet Mine Informational Session - The public is learning more about a proposed copper nickel mine in the Iron Range - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, April 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.13/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just under the 424,100 tonne level. Nickel has traded above the $4/lb level for a week as of today and the $9000/tonne level for a second day. Traders are in a bullish mood and we see no reason for this bullish sentiment to end today.
  • Average price of cash nickel so far this month - $3.90/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper falls; China demand optimism limits losses - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Steel producers to urge China to cut output - more
  • Stocks Extend Global Rally on Oil, Company Earnings; Yen Drops - more
  • It's All Suddenly Going Wrong in China's $3 Trillion Bond Market - more

    AK Steel Announces Stainless Steel Price Increase - AK Steel said today that it will increase base prices for all of its stainless steel products, effective with shipments on May 1, 2016. - more

    Top Botswana nickel producer starts massive worker lay-off – Botswana’s top nickel producer Bamangwato Concession Limited (BCL) has started issuing workers with retrenchment notices in an exercise that is aimed at cutting operational and salary costs to save the company from collapse. - more

    Dominican Republic halts ‘illegal’ nickel ore shipment  - Santo Domingo - Energy and Mines minister Antonio Isa on Monday said miner Falconbridge Dominicana (Falcondo) was prevented from "illegally taking out " a load of the ore ferronickel via Haina port. - more

    The China Nickel Conference - The trading place for Nickel producers & stainless steel makers - 24 - 25 May 2016 - Grand Hyatt, Shanghai  - more

    Clive Palmer commissions another audit into Queensland Nickel refinery - Clive Palmer says he will commission another audit after a damning report into his beleaguered Townsville nickel refinery in north Queensland. - more

    Polymet supporters, critics expected at permit info meeting - Groups for and against the proposed PolyMet copper-nickel mine are expected at a public meeting on the project Tuesday night in Aurora. - more

    Courtesy AISI - In the week ending April 16, 2016, domestic raw steel production was 1,693,000 net tons while the capability utilization rate was 72.4 percent. Production was 1,649,000 net tons in the week ending April 16, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 2.7 percent increase from the same period in the previous year. Production for the week ending April 16, 2016 is up 2.2 percent from the previous week ending April 9, 2016 when production was 1,656,000 net tons and the rate of capability utilization was 70.8 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, April 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.04/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouses fell both Thursday and Friday and now total just under the 423,700 tonne level. While the $4/lb has been giving the market a psychological barrier, the $9000/tonne level has been a line of resistance. The traded price has punched thru that level this morning, and time will tell if it holds. Crude oil is trading lower this morning after OPEC was unable to agree on a cut in production, but the price is not being affected as much as we would have expected. Some analysts are predicting $30 oil within days, and if that does actually happen, we could see nickel prices buckle from the negative pressure that might bleed over.
  • Average price of cash nickel so far this month - $3.88/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper slips as oil weakness drags after Doha meet - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran - more

    Queensland Nickel: Ewen Jones brought to tears as Federal Government announces help for former workers - A federal Queensland MP was brought to tears while describing how the Government will pursue Clive Palmer for money owed to former nickel refinery workers. - more

  • Clive Palmer's nickel refinery to remain shut until end of year - more

    MRA stops mine operation - The Mineral Resources Authority has ordered Ramu NiCo Management Ltd to stop the operation of its high pressure acid leach in Basamuk, Madang, according to the company. - more

    Lazy to blame China for global steel woes -Xinhua commentary - Blaming China for woes in the global steel industry is simply a lazy excuse for protectionism, and such finger-pointing will be counter-productive, China's official Xinhua news agency said in a commentary on Monday. - more

    How a boardroom feud left Brazilian steel giant on the brink - On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, April 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.06/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under the 427,200 tonne level. Nickel has been trending higher since the 8th, but yesterday's jump broke above the established channel. Today's slight shift lower has put nickel back into that trend channel. The Euro is getting hit pretty hard this morning, which also puts negative pressure on commodities. If you are looking to fundamentals for a reason why nickel is rallying, you can give up that search as futile. We suggest you look to crude oil for the speculative reasons why base metals are up in April. OPEC meets next week so we could see some further swings. This is our last daily update for the week so we hope our readers have a a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $3.85/l
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper edges back from two-week high; China optimism supports - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Singapore Surprise Policy Easing Spurs Asia-Wide Currency Rout - more

    Quarter of Nickel Miners Seen Battling to Survive in Price Rout - A quarter of the world's nickel miners are caught in a game of chicken, churning out the stainless steel ingredient at a loss in the hope that competitors will shut first, according to research firm IHS. - more

    Greens say WA taxpayers could be left liable for $60 million mine clean-up bill - An abandoned nickel mine in the WA Goldfields with an outstanding $6 million clean-up bill could expose wider issues with how Western Australia rehabilitates abandoned mine sites. - more

    Abolishing export duty on Chrome ore to hurt domestic industry - The decision of the government to abolish 30% export duty on Chrome ore is a big setback for domestic Ferro chrome producers and stainless steel companies. - more

    Queensland Nickel should stay open: Palmer - It's in everyone's best interests to save Queensland Nickel and not have the north Queensland refinery shut down, owner Clive Palmer says. - more

  • Who Is the Real Clive Palmer? - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, April 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.03/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb . Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just over the 428,700 tonne level. Nickel is trading over the $4/lb level once again, and appears to be riding a wave that is affecting base metals in general. Typically a second close above $4/lb would signal further gains, but nickel hasn't been acting like it should for some time now - so traders will continue to invest cautiously until this pattern proves itself.
  • Average price of cash nickel so far this month - $3.83/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper rises to near 2-week high as China imports surge - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China trade surprise gives stocks a lift - more
  • Half of all microcredit lenders in Guangdong deemed insolvent - more

     Iron Ore Powers Toward $60 as Rally in Steel Fires Up Demand - Iron ore has surged toward $60 a metric ton, climbing to the highest level in a month, as purchases from steel mills in China picked up amid improving profitability in the world’s largest user. - more

    Ramu ops suspended after fatality - Operations at the Ramu nickel plant, in Papua New Guinea, have been suspended following a fatality.- more

    Clive Palmer brands damning report into Queensland Nickel as a ‘beat up’ as workers left jobless wait for news on pay out - Clive Palmer has released a document he claims proves he was not acting as a shadow director or doing anything untoward at his embattled nickel refinery. - more

  • Queensland Nickel was Clive Palmer’s secret ‘piggy bank’ - more
  • Make good on entitlements, PM tells Palmer  - more

    Cheap Chinese steel: If you can’t deal with it, call it dumping - Tata Steel’s UK business is up for sale as it could not compete with cheap Chinese competition. HT decodes dumping and how it’s not just about China. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, April 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.87/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.07/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just under the 428,650 tonne level.
  • Average price of cash nickel so far this month - $3.81/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel hits two-week high, copper also up on weak dollar - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Showing Draghi Can't Count on Europe CEOs for Growth - more

    Clive Palmer's Queensland Nickel should be liquidated, administrators tell creditors - Clive Palmer's Townsville refinery could have survived the drop in nickel prices if millions of dollars had not been shifted from it to the federal MP's other businesses, administrators say. - more

    New Caledonia urgently looking for nickel clients as QNI liquidation looms - Creditors are being urged by administrators to liquidate Australian MP and businessman Clive Palmer's cash-strapped Queensland Nickel company, a mainstay of New Caledonia's economy. - more

    Russian tycoon Abramovich offers to buy Norilsk shares worth $158 mln - A company controlled by Russian billionaire Roman Abramovich and partners has offered $158 million to buy 0.79 percent of shares in Norilsk Nickel to increase its stake in the mining giant to more than 6 percent, Norilsk said on Tuesday. - more

    Courtesy AISI - In the week ending April 9, 2016, domestic raw steel production was 1,656,000 net tons while the capability utilization rate was 70.8 percent. Production was 1,649,000 net tons in the week ending April 9, 2015 while the capability utilization then was 69.8 percent. The current week production represents a 0.4 percent increase from the same period in the previous year. Production for the week ending April 9, 2016 is up 0.4 percent from the previous week ending April 2, 2016 when production was 1,650,000 net tons and the rate of capability utilization was 70.6 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, April 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.89/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on both Thursday and Friday and start the week just under the 428,450 tonne level. Nickel finally made a nice bounce on Friday and is holding those gains today. The $4/lb level remains elusive.
  • Average price of cash nickel so far this month - $3.80/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper up as dollar drops on economic jitters - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Rise Led by Italian Banks; Emerging Markets Gain - more

    China steel exports hurt market economy status, industry official says - A flood of Chinese steel product exports is damaging to the country's market economy status, the head of the steel association said in comments at a conference in Beijing on Saturday. - more

    Forecast on Demand for Special Steel During April to June 2016 - The Ministry of Economy, Trade and Industry made clear its forecast on the demand for special steel products during April to June in 2016 in its lecture made in the meeting held on April 4 by Special Steel Association of Japan. - more

     Solutions sought to New Caledonia nickel crisis - Reports from France say talks have been held between the government and the Eramet mining conglomerate about moves to sustain New Caledonia's SLN nickel company. - more

    Chrome ore: Firms seek export duty re-imposition - Ferro chrome producers such as Jindal Stainless and Visa Steel have urged the government to re-impose 30% export duty on chrome ore as India's insufficient reserves have been depleting fast. - more

    Queensland Nickel: Alan Jones leads public meeting for sacked Townsville refinery workers - A public meeting for sacked workers of Clive Palmer's Queensland Nickel (QNI) refinery has voted to immediately liquidate the operation. - more

  • ASIC is investigating Clive Palmer over his involvement in Queensland Nickel - more
  • Qld Nickel death knell would help workers - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Thursday, April 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.87/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under the 431,150 tonne level. The Dollar remains under pressure and this appears to be the giving nickel some positive foundation. This is our final update for the week, so we wish each of you a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $3.79/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits one-month low as support crumbles - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Nanocoatings Market Poised to Surge from USD 1.50 Billion in 2014 to USD 6.85 Billion by 2020 - more
  • Yen Climbs With Gold as S&P 500 Futures Drop on Growth Concern - more
  • Dollar sinks again after Fed remains cautious - more

    New Caledonia allows two miners to export nickel ore to China - New Caledonia will allow two companies to export nickel ore to China, ending a long-standing ban as its economy wrestles with weak commodity prices and the potential loss of a struggling Australian customer. - more

    Nickel miner Marcventures eyes Philippines' third processing plant - Marcventures Holdings Inc, one of the Philippines' biggest nickel miners, said on Thursday it was considering building a processing plant and acquiring a mining company to boost output and exports. - more

    Vale cuts spending, management salaries - Brazil’s Vale , the world’s largest iron ore and nickel producer, is once again reducing its expected capital spending for the year to $5.5 billion from the previously forecast $6.2 billion. - more

    Sumitomo Metal Mining's FY2016 Plan for Nickel Production = Production of Fe-Ni decreases to 14,200 tons, whereas production of electrolytic Ni increases to 65,100 tons = According to the summary of the plan for metal production Sumitomo Metal Mining Co., Ltd. released on April 1, the Company's production volume of ferro-nickel (in pure Ni equivalent) planned for the fiscal year 2016 (April 2016 - March 2017) is 14,200 tons (7,400 tons in the former half and 6,800 tons in the latter half). - more

    Hong Kong's Lee Kee sees potential for possible spot HKEx metals market - Hundred of thousands of small- and medium-sized factories in China may use a spot commodity platform that Hong Kong Exchanges and Clearing is considering building, said the head of one of the biggest metals merchants in Hong Kong. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Wednesday, April 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.85/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just over teh 432,000 tonne level. Nickel continues to drift aimlessly - unable to hold above $4/lb, yet a weakening US Dollar is helping it hold off negative pressure.   
  • Average price of cash nickel so far this month - $3.77/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper holds near one-month low on China demand concerns - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Profits Recession Leaves Investors With Nowhere to Hide - more

    New Caledonia okays nickel export to China - The New Caledonian government has authorized the exportation of low grade nickel ore to China to offset the loss of exports to Australia. - more

    Upturn in alloy surcharges will not kick start Stainless Steel market - The London Metal Exchange Nickel Cash price climbed by more than 17 percent between February 15 and March 11, this year, peaking at more than $9000 per tonne, before softening and stabilising at around US$8600 per tonne. - more

    Market Trend of Import of Ferroalloy as of 31 March 2016 = Prices of Chinese Si metal, EMM and Indian SiMn are rising = The market trend of import of ferroalloy as of 31 March 2016 is as follows. - more

    Vale Indonesia: Tough Times as Long as Nickel Prices Remain Low - Vale Indonesia, Indonesia's largest nickel producer, is one of those mining companies that has been plagued by low commodity prices. - more

    Mining costs set to remain low despite firmer oil prices: SocGen - Base metals mining costs are set to remain low over the next 12 months, despite expectations of strengthening oil prices, Societe Generale said Tuesday. - more

    Queensland Nickel: More ammonia detected in nearby waterways - More ammonia has been detected in waterways near Clive Palmer’s North Queensland Nickel refinery. - more

    In mining slump, used equipment dealers stockpile in rebound bet - Dealers of used mining equipment, from the United States to Chile and Australia, are making a risky bet that an end to the industry's four-year slump may be in sight, stocking up on a glut of crushers and conveyors. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Tuesday, April 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.80/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 430,500 tonne level. Equity markets around the world are trading or have traded in the red today and commodities are quietly following the leader.
  • Average price of cash nickel so far this month - $3.78/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper firms after 7-day drop, China's growth woes cap gains - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Yen Rises With Bunds as Economic Concerns Mount; Stocks Decline - more

    BCL loses P33 per pound of nickel mined - The minister of Minerals, Energy and Water Resources, Kitso Mokaila told parliament this week the current depressed international nickel prices are below the cost of mining, leading BCL to lose as much as $3 (P33) per every pound of nickel it mines. - more

    Japan’s Sumitomo Metal to boost FY16 copper output by 6.1 pct - Sumitomo Metal Mining Co Ltd , Japan’s No.2 copper smelter, plans to boost its copper output in the financial year that started on Friday by 6.1 percent from a year earlier when production was affected due to a maintenance activity. - more

    “Nickel inventories are not really moving in the right direction. We’ve still got about 505,000t in LME and Shanghai” - Citi analyst David Wilson’s reading of a key reason the brief rally in nickel prices (up 0.6% earlier this week to US$8,730/t) in the wake of recent lows looks like quickly running out of steam, comes amid similar uncertainty about the direction of copper and aluminium prices. - more

    Russia's Norilsk to link dividends to net debt to earnings ratio - Russia's Norilsk Nickel will approve a new dividend policy at a board meeting on April 11 linking payments to the ratio of its net debt to core annual earnings, the company said on Monday. - more

    Courtesy AISI - In the week ending April 2, 2016, domestic raw steel production was 1,650,000 net tons while the capability utilization rate was 70.6 percent. Production was 1,615,000 net tons in the week ending April 2, 2015 while the capability utilization then was 68.3 percent. The current week production represents a 2.2 percent increase from the same period in the previous year. Production for the week ending April 2, 2016 is down 1.5 percent from the previous week ending March 26, 2016 when production was 1,675,000 net tons and the rate of capability utilization was 71.6 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

Monday, April 4

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.77/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses grew both Thursday and Friday and now total just over the 431,850 tonne level. It's inability to punch thru the $4/lb level after a concerted effort, has turned the overall sentiment negative again, and crude oil's inability to hold onto the $40/barrel level - is hurting commodities overall.
  • Average price of cash nickel so far this month - $3.80/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper and nickel hit fresh lows on China concerns - more

  Reports

  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Asian shares firm after solid U.S. jobs data, dollar soft - more

    Nickel Prices: Market Remains Depressed – Major Supply Cutbacks Loom - Nickel prices continue to trade in a tight range, a pattern that has persisted through the month of March. - more

    Dampened expectations in stainless sector - Global: Although ferrous scrap prices have improved significantly over recent weeks, the greater sense of positivity has yet to filter through to the stainless sector. - more

    France considering capital increase for Eramet - newsletter - The French government is looking at a comprehensive solution to revive Eramet which could include a capital increase of the ailing mining group, newsletter Lettre de l'Expansion said on Monday. - more

    Supply the differentiator for base metals in first quarter: Andy Home - After last year's collective slump base metals showed signs of bottoming out over the first three months of 2016. - more

    The loading, and subsequent discharge, of unsafe nickel ore – all time to ‘count’ - In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, and then discharging, a confiscated (unsafe) cargo will be for the charterer’s account. - more

     'Laudato si' comes alive in Philippine mining town - Residents of Santa Cruz town in the northern Philippine province of Zambales say they are putting into practice the teachings in Pope Francis' encyclical "Laudato si" in their struggle against nickel mining operations. - more

    Clive Palmer aims to avoid Queensland Nickel's debts - Federal taxpayers will have to pick up the tab for most of Queensland Nickel's $110 million in debts if it is placed in liquidation later this month. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
  • Please let us know if any of these links stop working, stop carrying info, or become available to subscriber's only. We encourage our readers to use the services of those companies who supply news and information free of charge. Contact us

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