This page is archived news covering the period of August 2012
If you are looking for current daily market news, please visit here.

LME nickel prices and news

Stainless Steel News and Nickel Prices

Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals analysis and forecasts


Daily Nickel Market News & Stainless Steel Prices

Kiva - loans that change lives

Nickel PricesStainless Steel News

Friday, August 31

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $7.25/lb .  Indicators at 7:00 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals trading quietly and slightly higher as well. Overall, base metals appear to be fading from earlier session highs. Stockpiles of nickel stored in LME approved warehouses rose on Thursday and now total over 118,900 tonnes. Equity markets are mostly higher on hopes Bernanke may announce QE3 later today in a speech to be given at Jackson Hole, Wyoming. Most analysts appear to be skeptical the Federal Chairman will take such an action. We find it very concerning that the Chinese stainless steel price index continues to fall.
  • Have a safe and relaxing weekend.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper rises on dollar, market awaits Bernanke speech - more
  • LME Morning -  Base metals quiet in thin trading conditions, Jackson Hole takes centre stage - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 91.60
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (PR) Universal Stainless & Alloy Products, Inc. today announced the resignation of William W. Beible Jr. from his position with the Company in order to pursue other interests. Mr. Beible had served as the Company's Senior Vice President of Operations.
  • (China) Industry officials call for iron ore tax cut - more

  Western World Molybdenum Production Q2-2012 = Down from Q1 reflecting softened market = Production of molybdenum in concentrates during the Q2 (April - June) of 2012 was down from the Q1. The aggregate of production figures released by the major western world producers, including some estimates, was 35.58 million pounds in North America and 39.97 million pounds in Central/South America, totaling 75.55 million pounds, down 3.6% from 78.38 million pounds produced during the preceding quarter. - more

  Belevedere cuts costs and boosts output to offset tough nickel market - Lower costs and better than expected production from its Hitura mine in Finland helped Belvedere Resources offset the impact of weak nickel prices in its latest quarter. - more

  China extends anti-dumping probe to steel tubes from EU, Japan - The Chinese Ministry of Commerce said Friday it will extend anti-dumping investigations to high-performance stainless steel seamless tubes from the European Union (EU) and Japan for another six months - more

  Germany. ThyssenKrupp Nirosta to introduce short-time working in Bochum from September - Due to continuing weak orders at ThyssenKrupp Nirosta GmbH short-time working is being introduced from September 2012. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Thursday, August 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $7.39/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading mixed this morning. Stockpiles of nickel stored in LME approved warehouses rose for a second day and now total just over 118,650 tonnes. Reports so far today, show Japanese retail sales fell and German unemployment has risen. World equity markets are mostly trading lower, with US futures lower as well. Nickel's mini bull run appears to be holding, helped somewhat by a stronger Euro today. Whether the higher prices can hold or not, appears to be in doubt.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper snaps losing streak as China supports euro zone - more
  • LME Morning - Metals rangebound, await Jackson Hole for direction - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 91.86
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (China) Steel producers face bleak months ahead - more
  • Highlands Pacific releases updates on Ramu Nickel Cobalt Mine - more

  NAS - Effective with shipments September 1, 2012; North American Stainless is increasing prices for all 201, 301 and 430 grade cold rolled products. This increase will be achieved by reducing the functional discount by (2) discount points.

  Nickel Stockpiles Reach 16-Month High on Increase in Rotterdam -  Nickel stockpiles monitored by the London Metal Exchange reached a 16-month high on deliveries into Rotterdam warehouses.- more

  European nickel market weak but demand improvement anticipated - The European physical nickel market remains quiet as the traditionally slow month of August continues to see very little activity. - more

  Japan nickel imports from Indonesia rise as delayed cargoes arrive - Japan's nickel imports from Indonesia surged in July from the year before due to the arrival of cargoes delayed after Jakarta imposed new mining regulations and because figures for 2011 were decimated by the deadly earthquake and tsunami that hit in March that year. - more

  Macquarie sees destocking and weaker buying pressuring iron ore - Destocking and reduced purchasing activity by larger and mid-sized mills could continue to pressure iron ore prices in the near-term, according to a report issued Wednesday by Macquarie Commodities Research. - more

  China Crude SUS Production 7.082 Million Tons - First Half 2012 = Up 5% from the first half of 2011, up in all alloy groups = According to Stainless Steel Council of China Special Steel Enterprises Association, crude stainless steel production during the first half of 2012 was 7.082 million tons. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Wednesday, August 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $7.37/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.03/lb higher, with other London traded base metals trading lower this morning. That nearly 3000 tonnes of rumored nickel did arrive at two ports on Tuesday and total stockpiles now total over the 118,150 tonne level. This is the highest total recorded since April 2011. Even with this  
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips for 3rd day, caution ahead of Jackson Hole - more
  • LME Morning - Base metals ease ahead of closely watched Jackson Hole meeting - more

  Reports

  • World Crude Steel Production - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.00
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (Dow Jones) Carpenter Technology Corporation has commenced a process to sell Latrobe Specialty Steel Distribution and its Mexican distribution business, Aceros Fortuna.
  • Amur Minerals: Making real progress at Kun Manie nickel project - more

   China nickel smelters seek cut in export tax, look overseas - Nickel smelters in China, the world's top consumer of the metal, have been lobbying Beijing to reduce or cancel a 15 percent tax on exports as they look to sell more of their output overseas, sources said. - more

   Lowering duties but imposing quotas for stainless steel imports to Russia - According to SpetsStal's appraisal, stainless steel imports to Russia in July 2012, compared with the previous month's result, rose 10.0% to 21,160 tons. - more

  Japan Ferrochrome Demand/Supply - First Half 2012 = Consumption down with the high-carbon and up with the low-carbon = Demand and supply of ferrochrome in Japan during the first half (January - June) of 2012 were as per the table attached hereto. - more

  China's Baosteel expecting "most difficult" third quarter - Baoshan Iron and Steel , China's biggest listed steelmaker, expects the third quarter to be the "most difficult" of the year, but the company should avoid any losses over the period, executives said on Wednesday. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Tuesday, August 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Nickel was untraded on Monday as the LME was closed for a holiday. Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose over the weekend, and now total just under 115,250 tonnes. Global slowdown fears are top topic today as Japan lowers its growth forecasts and Spain reports its recession is getting worse. Markets are watching the meeting in Jackson Hole, Wyoming closely although ECB President Mario Draghi's cancellation has lowered expectations.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper drops on economy fears; central bank action eyed - more
  • LME Morning - Base metals soften due to profit-taking - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.10
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (SA) According to SpetsStal's estimate, stainless steel imports to Russia in 1H 2012, compared to the equal period of 2011, decreased 6.6% to 106.2 thousand tons.
  • (FAN) U.S. distributors' shipments of stainless steel sank to their lowest level this year in July, historically a slow month due to summer vacations and shutdowns.
  • (FAN) It is reported that ThyssenKrupp AG plans to sell its Alabama and Brazilian mills separately for at least the book value, which is about USD 8.8 billion combined.
  • Toledo see benefits from Berong nickel mine - more
  • Close of Glencore-Viterra deal delayed - more
  • China Set for Record Crude Steel Output in 2013  - more
  • (China) Slowdown takes toll on industrial profits - more
  • El Niño edges closer - more

  China’s MMG Sees Mining Boom Shifting Gear - Chinese mining group MMG on Tuesday said the era of sharply increasing metals prices had passed, but predicted activity in China would pick up after the leadership transition in Beijing. - more

  Japan Crude SUS Production Declines 2% - First Half 2012 = 1,769,969 tons; fairly high output only in April otherwise sunken below 300,000-ton-per-month level = Crude stainless steel production during the first half (January - June) of 2012 by the 7 major Japanese stainless steel mills was 1,769,969 tons, down 2.3% from 1,812,483 tons produced during the same period of 2012. Details are as per the table attached hereto. - more

   Lundin restarts production from Aguablanca mine - Canadian base metal miner Lundin Mining Corp said on Monday it has restarted production from Aguablanca, nearly two years after heavy rains caused a landslide at the nickel-copper mine in Spain. - more

  BHP takes razor to WA nickel - BHP Billiton will scour its WA nickel operations for more savings in an attempt to wait out sharp falls in commodity prices, after the sale of its Yeelirrie uranium deposit raised fresh questions about its commitment to its marginal WA operations. - more

  Russian President Vladimir Putin Hailed Valiant Work of MMC Norilsk Nickel Miners - On the eve of Miner’s Day, Honored Miner of Russian Federation title was conferred on four employees of OJSC MMC Norilsk Nickel (hereinafter – the Company). Corresponding decree was signed by Russian President Vladimir Putin on July 12. - more

  Valley of the Dinosaurs no more - President Vladimir Putin’s comments about warring shareholders at Norilsk Nickel last week may have surprised some. - more

  Courtesy AISI - In the week ending August 26, 2012, domestic raw steel production was 1,863,000 net tons while the capability utilization rate was 75.4 percent. Production was 1,851,000 tons in the week ending August 26, 2011, while the capability utilization then was 75.7 percent. The current week production represents a 0.6 percent increase from the same period in the previous year. Production for the week ending August 26, 2012 is down 0.7 percent from the previous week ending August 18, 2012 when production was 1,876,000 tons and the rate of capability utilization was 75.9 percent.

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Monday, August 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $7.47/lb  , down $5/tonne for the day, $.38/lb higher for the week, and $.33/lb higher from a month earlier. The London Metal Exchange is closed today for Summer Bank Holiday.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - no report today
  • LME Morning - no report today

  Reports

  • Weekly Scoreboard - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.21
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (SMM) According to latest data from China Customs, China’s imports of unwrought nickel and nickel alloys in July were 13,672 mt, down 28% YoY, while YTD imports through July were 85,077 mt, down 28.08% YoY.
  • Commodity trader Noble in base metals push with new team - more
  • (China) Slowdown hits key export hub - more

   Low nickel price not sparking fears of production shutdown - Many Sudbury Star readers aren't worried about a shutdown at Vale or Xstrata, even after a mining analyst speculated that low nickel prices could lead to just that. - more

   Russia's Non-Ferrous Metals Exports Rose Through July - Russia’s exports of non-ferrous metals, including primary aluminum, refined copper and non- refined nickel, rose in the first seven months compared with a year earlier, the Economy Ministry said in a document on its website today. - more

  Japan Ferromolybdenum Supply/Demand - First Half 2012 = Consumption up as special steel production rose = Japan's production, consumption and imports of ferromolybdenum during the first half (January - June) of 2012 are as per the table attached hereto. - more

  China steel output jumps 400% in 10 years - Steel output of China hits record as production goes up by 400% in 10 years. - more

  Cuban Forests Recover over 1000 Hectare of Mining Land  - Cuban nickel mining enterprises returned some 1 062 hectare of used land in 2011 to be planted with trees, said Ernesto Mastrapa, specialist of the delegation of the Ministry of Science, Technology and Environment (CITMA) in the eastern province of Holguin. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Friday, August 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $7.47/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.01/lb higher and trending higher, with other London traded base metals trading mixed and mostly quiet. Stockpiles of nickel stored in LME approved warehouses fell again on Thursday and now total just over 114,500 tonnes. Metal Bulletin is reporting there is a rumor floating around that the Vlissingen warehouse may be receiving 30,000 tonnes of nickel in the coming weeks. That would be a staggering amount if true, and could put downward pressure on nickel prices. So far today, nickel traders appear to be dismissing the rumor, and a lower Euro, and trying to milk as much out of this mini bull run as they can. Some potential newsmaker's are at sea - Tropical Storm Isaac is the baby of the bunch, Typhoon Tembin is a threat  that appears to be lessening (to Taiwan) and Typhoon Bolaven has the potential to become very dangerous to landfall next week (to China, Korean peninsula) - Hurricane Watch. Have a safe and relaxing weekend.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper eases as US stimulus hopes fade; Spain eyed - more
  • LME Morning - Metals post modest losses, mood downshift sees rally pause - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.25
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (China) 'Food will cost more' due to US drought - more

   China’s metals imports reflect supply as well - Once again the strength of China’s metallic imports has surprised many commentators. - more

  China's demand for metals to gain in H1 - Metals consumption in China, the world's biggest user, is expected to climb in the second half on easier availability of credit and rising investment and seasonal demand, according to China International Capital Corp. - more

  Watchdog ruling in dispute with Rusal over Norilsk Nickel documents approved - The Moscow Commercial Court has upheld the financial markets watchdog's refusal to open an administrative case against Norilsk Nickel, the court told the Russian Legal Information Agency on Friday. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Thursday, August 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $7.29/lb  . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals higher as well. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday, and now total just under 114,850 tonnes. Base metals are trading higher this morning after the minutes from the most recent US Federal Reserve meeting showed members may be nearing QE3, and a Flash PMI report from China this morning, hints China may be forced to add further stimulation to their economy as well.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits month high on hopes for U.S., China easing - more
  • LME Morning - Metals jump to multi-week highs, macroeconomic positivity seen - more

  Reports

  • AIIS July 2012 Import Press Release - doc here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.30
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (Interfax) China's imports of nickel ore and concentrate increased in July amid lower prices, with imports from the Philippines continuing to rise following the introduction of export restrictions in Indonesia.
  • (JMD) Cold-rolled Ni stainless steel market price/ Continues to drop by 5 thou yen in Kanto
  • (MBN) Taigang, Baosteel make big stainless steel price cuts for September
  • Container Lines Losing Price Battle as Costs Overwhelm: Freight - more
  • Brazil mine bill eyes regulator, mineral rights auctions - more
  • (China) Steel prices fall to lowest level in three years - more

  DMCI eyes more acquisitions - Consunji-led DMCI Holdings Inc. is eyeing more acquisitions, particularly nickel mines in Palawan, Davao and Zamboanga, according to a top company official. - more

  Nickel is found to make all the difference to cows - Research into the addition of nickel to pasture and to feed for dairy cows is being carried out on a small Taranaki farm. - more

  Nickel Oxide Finally Turned into Metal - Though scientists have been studying nickel oxide for many years, they have thus far been unable to induce the compound into a metallic state. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Wednesday, August 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $7.17/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb higher, with other London traded base metals mixed and quiet. Stockpiles of nickel fell on Tuesday and now total just under the 115,600 tonne level. Greece prime minister Antonis Samaras is asking for "a little room to breathe" on its austerity targets, and warns that its exit from the Eurozone could cause the end of democracy in his country. All eyes will be on the release of the minutes of the Federal Reserve’s latest policy meeting today, to see how the Fed sees the economy.  
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper eases from one-month peak, BHP cut cushions prices - more
  • LME Morning - Base metals rangebound, all eyes on FOMC meeting minutes - more

  Reports

  • US Stainless Steel Surcharges - more
  • US Imports of Stainless Steel Mill Products - more
  • ThyssenKrupp Nirosta Stainless Steel Surcharges - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.40
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • Iron Ore Price to Rebound as China Seeks Cheaper Imports - more
  • Clive Palmer appreciates that patience is a virtue - and so do his guests - more

  Recognition Of 'Bottom In Aug.' On Prices Of Austenitic Stainless CR Sheets Is Increasing - Prices of austenitic cold-rolled (CR) stainless steel sheets in the Asian area are hovering mostly at $2,550 to 2,600 CFR. Korea's POSCO, Taiwan's YUSCO and so on are proceeding with negotiations at this level for September shipment. - more

   Cuba convicts 12 of corruption in nickel industry - A Cuban court has convicted a dozen people of corruption, including high-ranking government officials, an executive at a state-run nickel company and workers from a project operating under a Cuban-Canadian joint concern, official media announced Tuesday. - more

  Courtesy AISI - In the week ending August 18, 2012, domestic raw steel production was 1,876,000 net tons while the capability utilization rate was 75.9 percent. Production was 1,851,000 tons in the week ending August 18, 2011, while the capability utilization then was 75.7 percent. The current week production represents a 1.4 percent increase from the same period in the previous year. Production for the week ending August 18, 2012 is down 1.2 percent from the previous week ending August 11, 2012 when production was 1,899,000 tons and the rate of capability utilization was 76.9 percent.

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Tuesday, August 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $7.05/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb higher, with all London traded base metals trading higher this morning on a higher Euro. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now totals just over 115,650 tonnes. Markets are rallying this morning on speculation the European Central Bank may resume bond buying to bring borrowing costs down. Another band-aid?
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper up on euro zone hopes but gains limited - more
  • LME Morning - Base metals track euro higher, eurozone sentiment improves on ECB bond-buying speculation - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.47
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • Bear Market in Tin Shuts 70% of Indonesian Capacity: Commodities - more
  • (MF) According to data released by Stainless Steel Council of China Special Steel Enterprise Association (CSSC), China’s crude steel output totaled 7.082 million tons in the first half of this year, rising by 5.25% in comparison of that in the same period of a year earlier.
  • Oryx Stainless - When the laughter stops - more

   Glencore says Xstrata "not a must-do deal" - Glencore's $30 billion bid for miner Xstrata is not a "must-do deal" its chief executive said on Tuesday, in the company's strongest suggestion yet that it will not yield to key shareholder Qatar's demands for an improved offer. - more

   China nickel ore imports from Indonesia fall 29.4 pct in July - Chinese imports of nickel ore from Indonesia in July fell 29.4 percent from the previous month to 1.42 million tonnes, after posting a 50 percent drop in June, customs data showed on Tuesday. - more

    Australia's QNI nickel refinery turns to loss - Australia's QNI nickel refinery showed a loss in the first months of fiscal year 2013 after posting a modest profit in 2012, Clive Palmer, chairman of privately held Mineralogy Ltd, said on Tuesday. - more

    Japan Crude Steel Production By Mill January - May 2012 = 33.73 million tons, down 2.5% from the same period of 2011 = Crude Steel production during the first five months of 2012 by 6 major steel mills was 33.735 million tons, down 2.5% from 34.582 million tons recorded in the same period of 2011. - more

   Putin wades into Norilsk Nickel fight - In a surprising move, President Vladimir Putin said on August 20 that he hopes the long-running shareholder conflict at Norilsk Nickel will be resolved soon. His sudden decision to step into a conflict that appears to be simmering down prompts speculation that the government may be ready to plug the hole in the Kremlin.Inc portfolio. - more

   Metal thieves ravage more than a third of Camden school buildings - Metal thieves have knocked out the heating, ventilation, and air-conditioning units in more than a third of Camden school buildings since fall, leading district officials to wonder how they will pay for replacements. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Monday, August 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $7.09/lb after a late session spike.  This gave nickel an $.11/lb increase for the week, but a $.17/lb decrease from a month earlier. Official cash nickel has averaged $6.9987/lb so far this month, as of Friday. Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose on Friday, and now total just over the 115,750 tonne level. Metals are trading lower this morning as the Euro weakens.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper falls as euro zone optimism on hold - more
  • LME Morning - Base metals slip, sentiment sours on lack of easing measures - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.50
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • Speculators Hold Wagers at an 11-Month High: Commodities - more
  • China's steel output slows, prices drop - more
  • Weekly Scoreboard - pdf here

  Vale says 'no plans' to shut down operations - As senior mining analyst at Salman Partners, an investment dealer, Raymond Goldie keeps a close eye on the nickel industry. - more

   Western Areas positive on nickel price - Miner Western Areas says it is confident nickel prices will recover this year after heavy falls caused its full year profit to slump 70 per cent. - more

   Drop in nickel prices temporary, profs say - There may have been a drop in nickel prices in recent months, but there's not much to worry about in the long term, as prices are likely to rise again, according to two Laurentian University professors. - more

   China daily steel output rises unexpectedly in early Aug - China's daily crude steel output rose 1.1 percent in early August from late July, belying expectations for a modest fall, as many steel mills resumed production after a round of brief maintenance in mid-July, industry sources said. - more

  Japan Ferroalloy Market Report - August 10, 2012 = Molybdenum oxide price dips to below US$11/lb on short sales = Market situation of ferroalloys in Japan as of August 10, 2012 is as follows. - more

   Putin hopes for settlement between Nornickel major shareholders - President Vladimir Putin has expressed hope that the Norilsk Nickel Mining and Metallurgical Company's major shareholders will reach a settlement in favor of the company and its personnel. - more

  MV Miner has been stripped of metals: company - A company that has committed to dismantling a ship that’s been stranded off Cape Breton for almost a year is accusing another firm of stripping the vessel of all of its valuable metals. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Friday, August 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $7.04/lb , helped by a late surging Euro. Indicators at 7:00 am CST today show 3 month nickel trading around $.00/lb   unchanged, with other London traded base metals higher. Stockpiles of nickel stored in LME approved warehouses fell for a sixth consecutive session and according to Fastmarkets, now totals 114,900 tonnes. Nickel is struggling to hold on the $7/lb level today as the Euro trades lower.
  • Have a pleasant and relaxing weekend! 
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper gains on soft dollar, Merkel comments - more
  • LME Morning - Metals buoyed by Merkel-induced European stimulus hopes - more

  Reports

  • SSINA Releases Market Data for May 2012 - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.55
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (MF) According to statistics released by the Japan’s Ministry of Finance, the country’s imports of nickel mines totaled 391,250 tons in June, rising by 7.6% from a month earlier and soaring substantially from 170,550 tons in June, 2010.

  Steel products see declining output in July - Output of most steel products declined on a monthly basis in July amid weak demand and lower prices, with rebar production edging down 0.99 percent from a record high the previous month, show Mysteel figures released Tuesday. - more

  BNC faces liquidation - Bindura Nickel Corporation (BNC) faces possible liquidation if its employees do not accept a settlement plan involving cash and shares to settle back-pay liabilities and retrenchment packages, COO Batirai Manhando said. - more

  U.S. Service Center Activity - U.S. Service Centers shipped 3,288.9 thousand tons of steel products in the month of July, 2012. - more

  Petco recalls stainless steel food bowls - Pet owners who thought feeding their four-legged friends from stainless steel bowls was the best option, apparently have another think coming. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Thursday, August 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $6.93/lb . This is the second lowest close since July 2009, and the fourth time this month nickel has closed below $7/lb. Cancelled warrants jumped on Tuesday to 13.49%. Indicators at 7:00 am CST today show 3 month nickel trading around $.01/lb higher, but trending lower, with other base metals trading mixed and quiet. Stockpiles of nickel stored in LME approved warehouses fell for a fifth consecutive session and now total just over 115,050 tonnes. Markets are struggling to find a direction today.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper rises on growth hopes, dollar caps gains - more
  • LME Morning - Base metals stagnant, investors await further economic developments - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.63
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (Dow Jones) The global nickel market was in surplus by 56,000 metric tons in January to June, the World Bureau of Metal Statistics said Wednesday. This compares to a 7,000 ton surplus over the whole of 2011.
  • Copper Swings Between Gains and Losses on China Easing - more
  • Ruukki upgrades outlook due to stabilising ferrochrome market  - more
  • No hard landing for economy: KPMG report - more

  European molybdenum prices to stay weak-traders - Pockets of steady demand for molybdenum in northern Europe are unlikely to lift prices for the metal used in steelmaking from near three-year lows, due to adequate supply and weak demand until the end of the year, traders said. - more

  Talvivaara hit by nickel output problems, low prices - Finnish miner Talvivaara reported a big rise in second-quarter losses on Thursday, hit by production problems and depressed nickel prices, and also cut its output forecast as unusually heavy rain this summer continued to hamper operations. - more

  The London Metal Exchange Ltd. : LME’s cobalt and molybdenum contracts hit $1.0 billion national turnover - The London Metal Exchange (LME) minor metals contracts have reached $1.0 billion in national turnover. Cobalt and molybdenum have traded 7,748 lots so far in 2012 (equivalent of $291 million), with a total of 22,161 lots traded since launch (equivalent of $1.0 billion). - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Wednesday, August 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $7.01/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb lower, with other London traded base metals lower as well. Stockpiles of nickel stored in LME approved warehouses fell for a fourth straight session and now totals just over 115,400 tonnes. The Euro is trading lower this morning, down over 1/3 of 1% against the US Dollar, following reports that the Greek government may request more time to implement austerity measures. US futures are lower as well. Nickel has surrendered the $7/lb level again.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper off on growth worries, China stimulus hopes cap falls - more
  • LME Morning - Base metals rangebound, look for direction - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.70
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (MF) South Korean steel giant Posco planned to continue reducing production of stainless cold rolled coils (CRC) to stabilize market prices as the domestic retail prices have almost touched the bottom.
  • (Reuters) Finnish stainless steel maker Outokumpu said on Wednesday it had received an environmental permit to expand ferrochrome production at its Tornio site in northwestern Finland.

  Base metal output declines in July – China’s output of most base metals declined in July on the back of soft demand, low treatment and refining charges and a gloomy price outlook amid the ongoing slowdown in the national economy, show data released by the National Bureau of Statistics (NBS) on Monday. - more

  Iron Ore-At lowest in more than 2-1/2 years on China pessimism - Limited buying interest from top consumer China drove spot iron ore prices to their lowest since December 2009 amid sluggish Chinese steel demand that is preventing a rebound in iron ore, even after it has slumped more than 18 percent this year. - more

  Catholics take stand against seabed mining - The Catholic Bishops’ Conference has joined several non-governmental organisations in making a stand against deep-sea mining and called on the government to stop the project. - more

  New Caledonia facilities go live with Tideworks TOS - Tideworks Technology has announced that both Vale New Caledonia, at Prony Port in New Caledonia, and GIVE Nouméa Port, also in New Caledonia, have gone live with Tideworks’ terminal operating system (TOS) solutions. - more

  North American Nickel Begins Work On Maniitsoq Nickel Project - North American Nickel Inc. announced it has commenced field work on its Maniitsoq nickel project. - more

  Zimbabwe: BNC Workers Granted 'Extra Time' - Mwana Africa's Bindura Nickel Corporation says it has given its employees additional time to consider the firm's offer in respect of the proposed US$21 million rights issue. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Tuesday, August 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.97/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb higher, with other London traded base metals mostly higher as well. Stockpiles of nickel stored in LME approved warehouses slipped for a third consecutive session and now totals just under the 115,900 tonne level. Better than expected growth figures from Germany and France are providing a boost for over sold nickel, as well as most base metals. Market is fighting to keep nickel above the $7/lb threshold and it appears they will be successful today.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper turns higher on German, French data, stimulus hope - more
  • LME Morning - Base metals edge higher but hold within routine ranges - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.80
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (FAN) China's high-carbon ferrochrome prices lost further ground this week as buyers remained inactive, dragging prices down to the lowest level yet in 2012.
  • (Interfax) China’s daily steel output edged down in July as prices fell to production cost or below, prompting producers to undertake maintenance or suspend output.
  • (TCW) Australian nickel producer Proto Resources & Investments said on Tuesday it had signed an option agreement with mining company NI-AL to acquire a 50% stake in a previously drilled nickel project in Albania’s Kukes region.
  • Dr. Copper’s Head & Shoulders - more
  • Five years on, the Great Recession is turning into a life sentence - more
  • The Day the World Changed: August 9, 2007 - more
  • China's power consumption slows - more
  • Renewed development towards El Niño - more
  • Small-Business Optimism Continues to Decline in July - more

  Aug. 13, 1913: Great Alloyed Victory for Stainless Steel - English metallurgist Harry Brearley casts a steel alloy that’s resistant to acidity and weathering. - more

  Liberty Mines halts production on low nickel prices - Canada's Liberty Mines Inc temporarily suspended production due to low nickel prices. - more

  Indonesia Reviews Plans for $550b in Smelter Investments - A ban on the export of raw mineral ores from Indonesia due to take effect in 2014 has accelerated plans for investment in smelters in the resource-rich country. - more

  Philippines Agency Plans to Sell Mining Assets: Southeast Asia - The Philippines will sell stakes in mining holdings as President Benigno Aquino seeks to nudge forward efforts to boost investment after two years in office. - more

 Seabed mining opposed by MPs - Canadian firm Nautilus Minerals, the developers of the proposed Solwara 1 sea-bed mining project are in for a fight as the people of Madang are dead set against this project. - more

  Courtesy AISI - In the week ending August 11, 2012, domestic raw steel production was 1,899,000 net tons while the capability utilization rate was 76.9 percent. Production was 1,851,000 tons in the week ending August 11, 2011, while the capability utilization then was 75.7 percent. The current week production represents a 2.6 percent increase from the same period in the previous year. Production for the week ending August 11, 2012 is up 1.9 percent from the previous week ending August 4, 2012 when production was 1,863,000 tons and the rate of capability utilization was 75.4 percent.

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Monday, August 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at  $6.98/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals quietly lower as well. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and now totals just over the 116,000 tonne level. Mixed economic news has put further stimulus chance doubts into the market, which is putting pressure on metals even with the Euro 1/2 of 1% higher this morning against the US Dollar. Nickel appears to be in oversold territory so we expect to see some recovery this week.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning -  Copper extends decline, stimulus hopes limit losses - more
  • LME Morning - Base metals drift lower in absence of major data - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • US Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.89
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (Interfax) Baoshan Iron & Steel Co. Ltd. (Baosteel), the listed unit of leading Chinese steelmaker Baosteel Group, will cut ex-works prices for a third consecutive month in September amid slowing economic growth in China and weak domestic demand, the firm said on Aug. 10.
  • Jinchuan, China's largest producer of nickel, has revised down for the fifth time in a month the price of refined nickel, returned on August 9 to 112,000 yuan (14,300 euros) per tonne, against 124,000 yuan (15,839 euros) on July 10.
  • China's property market to cool down: experts - more
  • Stable but slower growth - more

  Vale Weighing Nickel Means Iron Focus: Corporate Brazil - Vale SA forecasts it will miss base- metals output targets for a second year, fueling calls from analysts for the company to sell at least part of the business plagued by strikes and sinking prices.- more

  Villagers back mining - Despite the anti-mining protest of Save Manicani Movement (Samamo), residents here supported the proposed mining operations of the Samar Nickel Mining Resources Corporation . - more

  Trojan Nickel Mine Funding Update - On 7 June 2012 Mwana announced the intention of Bindura Nickel Corporation ("BNC"), Mwana's 52.9% owned subsidiary, to carry out a rights issue to raise USD21 million.- more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Friday, August 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $7.02/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb lower, after lower than expected Chinese trade data spooks world markets. Stockpiles of nickel held in LME approved warehouses slipped on Thursday and now total just under 116,700 tonnes. Nickel opened lower on the poor Chinese data and has trended lower since. European markets are trading lower this morning and US futures are lower as well. The hopes that any bad economic news will force governments to try more stimulus, will temper downturns.
  • Enjoy your weekend!!
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper slides after soft China trade data - more
  • LME Morning - Lower Chinese exports lead metals lower, copper down 1 pct - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 92.95
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (MF) Japan exported 604,500 tons of stainless steel in the first half of 2012, down 8.7% from 659,115 tons in the same period a year earlier.
  • (Dow Jones) U.S. nickel exports fell 4.9% in June from the previous month, and was down 22.3% from the previous year, the Commerce Department reported Thursday.
  • (Dow Jones) U.S. nickel imports fell 31.2% in June from last month, and was down 14.3% from the previous year, the Commerce Department reported Thursday.
  • China's July exports slow sharply - more

  Greece sacks state company head for not cutting salaries - Greece sacked the head of its state nickel producer LARCO on Thursday for refusing to reduce workers' pay, the first state company chief to lose his job in the fight to cut costs and stay hooked up to an international bailout. - more

  ASIA MOLY OXIDE: Market quiet ahead of Posco tender - No deal, firm bid or offer for molybdenum oxide powder was reported in Asia Thursday, with South Korean sources planning to participate in the Posco Specialty Steel tender intending to seek offers Friday after it closes. - more

   China Molybdenum Concentrates Production Up First Half 2012 = 63,305 tons, up most in Liaoning = According to Antaike, one of the leading research and analysis companies in China, production of molybdenum concentrates in China during the first half (January - June) of 2012 was 63,305 tons of molybdenum in the concentrates, up 18.6% from the same period of 2011, indicating that the country's production is an increasingly upward trend. - more

   Vale Seeks Govt Vow Before Sulawesi Plan - The country’s largest nickel producer, Vale Indonesia, says it will need assurances from the government on contract details before going ahead with its gigantic investment plan in Sulawesi. - more

  • Vale Puts Nickel on Hold After Prices Drop: Corporate - Vale SA forecasts it will miss base- metals output targets for a second year, fueling calls from analysts for the company to sell at least part of the business plagued by strikes and sinking prices. - more

  Chinese Company to Build 600 mln USD Ferronickel Smelter in Indonesia - China's Dafeng Port Group will invest up to 600 million U.S. dollars to build a ferronickel smelter in Kendari, capital of Southeast Sulawesi province, an executive said Thursday. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Thursday, August 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $7.10/lb , down $ only $10/tonne from Tuesday's close. Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb lower, with other London traded base metals lower as well. Nickel stockpiles rose on Wednesday and now total just over 116,800 tonnes. European markets have slipped lower as the Euro drops, and US futures have turned negative. Markets are awaiting important Chinese trade data tomorrow and the possibility the Chinese government will need to loosen its monetary policy further, ie stimulation. The European Central Bank slashed its European economic growth forecasts for 2013 a day after the French central bank forecast France will slip into recession during the third quarter.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper dips on strong dollar, China stimulus hopes limit falls - more
  • LME Morning - Base metals quiet ahead of tomorrow’s Chinese data - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.04
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • Metal Bulletin is reporting some Chinese nickel producers have ask their provincial governments to request China buy some of their nickel output, because of of light demand and low prices.

  Stainless raw steel output in 1H2012 amounts to 7.082M tons - China Special Steel Enterprises Association  - Stainless Steel Council of China Special Steel Enterprises Association announced that China's stainless raw steel output from January to June 2012 amounted to 7.082 million tons. - more

  Chrome ban protecting China interests: Kombayi - The ban on exports of raw chrome is only meant to protect the interests of large corporations such has the Chinese-owned ZIMASCO, a Gweru businessman has claimed. - more

  Cossacks, Activists Unite Against $6Bln Mining Project - Environmental activists hope growing local discontent will persuade President Vladimir Putin to block Ural Metal and Mining Company's plans to extract $6.7 billion worth of nickel near the Khoper River in the Voronezh region. - more

  Queensland Nickel asks suppliers to share pain - Clive Palmer’s Townsville nickel refinery has urged its suppliers to cut their prices by 15%, according to a report in the Australian newspaper. - more

   South Korea bought 300 tonnes of tin and 300 tonnes of nickel for arrival by Oct. 30 via tenders on Thursday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). - more

  Russia Opens Arctic Norilsk Nickel Port to International Traffic - Russia opened OAO GMK Norilsk Nickel’s Dudinka port in the Arctic to international cargo and passenger traffic, making it the northernmost such facility in the world, Norilsk said in a statement today. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Wednesday, August 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at  $7.14/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb lower, with all other London traded base metals lower as well. Stockpiles of nickel store din LME approved warehouses fell on Tuesday and now total just over 116,600 tonnes. The Euro is trading 1/3 of 1% lower against the US Dollar, and equity markets in Europe are lower as well. Futures show US markets may open lower as well.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper falls on weak euro; Europe crisis measures eyed - more
  • LME Morning - Metals softer, optimism surrounding ECB caps downside - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.11
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (China) Steel profits continue to suffer - more
  • (TA) As much as 40 per cent of the global industry, including BHP in WA, is losing money at current prices of $US7 a pound for the stainless steel ingredient [nickel].
  • (MF) According to data released by the Japanese customs, Japan’s imports of stainless steel totaled 90,072 tons in the first half of this year, falling by around 4% year on year.

  China Molybdenum Trade - First Half 2012 = Exports: 8.67 million pounds; Imports: 6.29 million pounds = According to China's Customs Statistics, trade figures of molybdenum during the first half (January - June) of 2012 were, Exports: 8.671 million pounds and Imports: 6.289 million pounds. - more

  Western Areas May Curb Exploration to Offset Nickel Prices - Australian nickel-mining company Western Areas N.L. will likely curb exploration this year as depressed prices for the industrial metal continue to weigh on producers' earnings, Managing Director Dan Lougher said. - more

  Australia's Fortescue says mine skills shortage easing - An acute skills shortage in the Australian iron ore sector, often blamed for hindering new developments, was showing signs of easing, mining executives said on Wednesday. - more

  Rio sticks to spending plan on hope of China pickup - Global miner Rio Tinto stuck to its $16 billion spending plans, despite first-half profit falling by a third, predicting a modest pickup in the Chinese economy later this year that should stimulate demand for iron ore. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Tuesday, August 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $7.17/lb . Nickel jumped late Monday afternoon when US markets opened higher. Indicators at 7:00 am CST today show 3 month nickel trading around $.01/lb lower, with other London traded base metals trading higher. Stockpiles of nickel stored in LME approved warehouses rose for a second consecutive session and now total just over the 116,650 tonnes level. Markets appear to be quiet and mostly higher this morning.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning -  Copper up on ECB intervention hopes - more
  • LME Morning - Base metals drift ahead of Chinese end-week data - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.20
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • More mining firms sign deal with PLN - more
  • Miners face cold reception from lenders at key Australian meet - more
  • Nickel Asia 2012 first half net income down 26% amid low nickel prices - more

  Global stainless steel output to rise driven by the growth in China and India - Albanian Minerals forecasts stainless steel output will rise to 35 million tons in 2012 from 32.1 million tons in 2011. - more

  Nickel miner positive despite sector asset write off - The WA miner, Independence Group, says it remains positive about the future of the nickel sector, despite its main customer BHP Billiton writing down the value of a major nickel operation in WA. - more

  China Overtakes South Africa on Ferrochrome Output, Merafe Says -  China overtook South Africa as the largest ferrochrome producer this year, according to Merafe Resources Ltd., which has a joint venture with Xstrata Plc.- more

  • Merafe earmarks 2013 budget for chrome export levy – Merafe Resources set the National Treasury's budget announcement in February 2013 as a possible milestone in its campaign to introduce a levy on chrome exports. - more

  Xstrata’s First-Half Profit Falls 33% on Weaker Metal Prices - Xstrata Plc, target of a $28 billion takeover bid by Glencore International Plc, said first-half profit dropped 33 percent after commodity prices declined. - more

  • Global nickel consumption to improve in next six months: Xstrata - Xstrata expects global nickel consumption from the stainless steel sector to improve in the next six months, the nickel division of the Switzerland-based mining group said Tuesday. - more

  As nickel quarry opponents grow, Canadian miner eyes the press - The head of the Agrarian Reform farmers grouped in CNPRA yesterday joined the voices opposed to mining for nickel at Loma Miranda, and warning that if it occurs, many of the farms in the Cibao valley are doomed to disappear, mostly those which require irrigation. - more

  China Companies Invest in Indonesia Nickel Projects -Association - Three Chinese companies are building and providing smelting technology to two nickel processing projects in Indonesia, the China Nonferrous Metals Industry Association said Monday. - more

  Courtesy AISI - In the week ending August 4, 2012, domestic raw steel production was 1,863,000 net tons while the capability utilization rate was 75.4 percent. Production was 1,844,000 tons in the week ending August 4, 2011, while the capability utilization then was 75.4 percent. The current week production represents a 1.0 percent increase from the same period in the previous year. Production for the week ending August 4, 2012 is up 0.9 percent from the previous week ending July 28, 2012 when production was 1,846,000 tons and the rate of capability utilization was 74.7 percent.

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Monday, August 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $7.08/lb . Trading ended solidly higher on Friday after a strong jobs report from the US helped the Euro jump to trade 1.6% higher against the US Dollar by day's end. Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb lower, with most other London traded base metals trading lower as well. Nickel has been trading narrowly within a $100 or so per tonne band this morning, with traders looking for a direction. The Euro is trading 1/10 of 1% lower against the US Dollar with Italian and Spanish borrowing costs down slightly this morning.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper treads water underpinned by U.S. jobs data - more
  • LME Morning - Base metals trend lower on profit-taking after US jobs data-fuelled gains - more

  Reports

  • Weekly Scoreboard - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - $93.25
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (CSSC) CSSC released China stainless steel production and consumption in the first half year of 2012 in the last week. The crude stainless steel output is 7.08 million metric tons. The imported stainless steel is 387.9 thousand metric tons, the exported stainless steel is 1 million metric tons. The apparent consumption is 5.61 million metric tons
  • Speculators Lift Wagers in Longest Streak on Record: Commodities - more
  • ADB says mining companies not paying enough in PNG - more
  • China mineral shortages good news for Australia - more
  • (China) Concern increases over local stimulus - more

  China's 2012 Steel Output May Fall; 1st Time in 31 Years - China's crude steel output may fall for the first time in 31 years this year, a senior industry analyst said Monday in a report also published on the state-backed China Iron and Steel Association's website. - more

  Japan Ferroalloy Market Report - July 31, 2012 = EF Mills' August SiMn Price Softens = Current market situation of ferroalloys in Japan as of July 31 is as follows. - more

  Eight nickel shipments completed from Berong output in H1 - Toledo Mining Corp. Plc. completed eight shipments of nickel ore in the first half from output produced at a Palawan project, the miner said last week. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Friday, August 3

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $6.92/lb , tanking with the Euro after the ECB failed to produce a magic wand to cure all of the EU's problems. Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb on a higher Euro. Other base metals are trading mixed and traders are waiting to see what the job numbers from the US reveal. Stockpiles of nickel stored in LME approved warehouses fell for a second day and now total just over 115,300 tonnes. US futures are higher as investors look to a weak jobs report as putting further pressure on the Fed to add further stimulus to the economy. The again, if the numbers are positive, traders may look to this as good news of the overall economic picture.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - LME copper edges up; growth worries cap gains - more
  • LME Morning - Bargain hunting drives base metals higher post Draghi disappointment, US employment data eyed - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.37
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (JMB) Nippon Steel & Sumikin Stainless Steel Reduces Ni-Series Cold-Rolled Steel Sheet by 10,000 Yen for August Contract
  • Eramet Group Production/Turnover - Q2 2012 - more

  BHP to Take $3.3 Billion in Charges on Shale, Nickel Assets - BHP Billiton Ltd., the world’s biggest mining company, will book one-time charges totaling $3.3 billion on the value of its U.S. shale gas assets and nickel operations in Australia because of falling prices. - more

  • BHP reviews Australian nickel - BHP has completed a full year assessment of its Australian nickel assets. - more

  Resurrected nickel mine 'on track' - First Quantum Minerals' resurrection of the Ravensthorpe nickel mine is well on track, according to the Canadian company's latest quarterly report, which said the operation in WA's south east was running at a profit despite the crash in global nickel prices this year. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Thursday, August 2

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $7.05/lb . Nickel trended lower thru yesterday's entire session. Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb higher, with other base metals trading mostly quietly lower. Stockpiles of nickel fell for the first time in seven trading sessions and now total just under 115,600 tonnes. The Euro is trading higher this morning as investors look to the ECB to take bold action today, after the U.S. Fed disapointed yesterday.  
  • Why does bad news mean good things on Wall Street? Angus Campbell, head of market analysis at Capital Spreads, put it this way yesterday "Another day of dire economic data gave equity markets a boost today as investors became more convinced that it is now most definitely a matter of when, rather than if, central banks will introduce further stimulus measures."
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper steadies, ECB policy decision awaited - more
  • LME Morning - Metals struggle ahead of ECB meeting, upside move stalls - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.43
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • ERAMET reports decreased income - more
  • New cool for Russia's super-rich: slumming it - more

  LME to Introduce New Nickel, Tin Deliveries From April 2013 - The London Metal Exchange will introduce new levels for the minimum amount of nickel and tin that warehouses must deliver every day. - more

  • LME to increase amount of deliverable tin, nickel to 60 mt/day - The London Metal Exchange is to increase the amount of tin and nickel delivered out of its registered warehouses as of April 2013, the LME said in statement Wednesday. - more

  Molybdenum Oxide Price On The Verge At US$12/lb = The lowest since October 2009 = The lowest price of molybdenum oxide during the fourth week of July (week 30) was US$12.00/lb, on the brink of slipping down to 11's. - more

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

Wednesday, August 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $7.20/lb . Nickel sank on Tuesday as European and American equity markets grew nervous that their recent bets that the Fed would take immediate action did not materialize. Nickel was the hardest hit of the LME traded base metals on Tuesday. Indicators at 7:00 am CST today show 3 month nickel trading around $.04/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose for a sixth consecutive session and now totals slightly just under 115,900 tonnes. Metals are lower as the Euro strengthens in reaction to disappointing PMI numbers from China and Europe. Markets are awaiting to see if the Fed will announce any further stimulation measures today as their two day meeting comes to an end, and then attention will shift to the European Central Bank meeting on Thursday.
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters morning - Copper falls on weak EU, China manufacturing data - more
  • LME Morning - Base metals subdued once more ahead of central bank meetings - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 93.50
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • European Debt Crisis Live - more
  • (Dow Jones) The global steel industry is suffering from a "huge oversupply of products" which has led steel mills worldwide to produce at below their installed capacity levels, the chief executive of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA, or Usiminas, said Tuesday.
  • Winds of change sweeping through government, private organisations  - more
  • China Manufacturing Teeters Close to Contraction - more

  Japan Ni-Alloyed SUS Scrap August Price Slides = Nippon Metal Industry notified scrap suppliers of Yen10,000/ton cut for August = SUS mills' purchasing price for nickel-alloyed stainless steel scraps (new clippings) for August deliveries will be Yen125,000 - 130,000/ton. - more

  Steelmakers' profits plummet - The profits of China's large and medium-sized steel companies plunged 95.8 percent year-on-year in the first half of the year, as a slowing economy curbed demand and prices were slashed, a senior industry official said on Tuesday. - more

  • Steel mills start to cut output - China's major steel mills have started to reduce their output in the first half of this year, the China Iron & Steel Association (CISA) announced Tuesday, in an effort to cut losses incurred by the sector's overcapacity. - more

  Zimbabwe: Cash-Strapped BNC Scraps Pay for Idle Staff - Bindura Nickel Corporation yesterday suspended salaries to staff not involved in the care and maintenance programme after a US$10 million loan from its parent company, Mwana Africa Plc, last September ran out. - more

  Courtesy AISI - In the week ending July 28, 2012, domestic raw steel production was 1,846,000 net tons while the capability utilization rate was 74.7 percent. Production was 1,834,000 tons in the week ending July 28, 2011, while the capability utilization then was 75.0 percent. The current week production represents a 0.7 percent increase from the same period in the previous year. Production for the week ending July 28, 2012 is up 0.5 percent from the previous week ending July 21, 2012 when production was 1,837,000 tons and the rate of capability utilization was 74.3 percent.

  Morning Nickel Inventory and 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
  • 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 reports and information free of charge. Contact us

July Archives


Chart Info Delayed 1 Day

Chart temporarily down

Chart temporarily down


Translate this page to French | German | Spanish | Italian | Portuguese | Chinese | Japanese | Korean | Russian


"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays - Disclaimer Original content and opinions copyright www.estainlesssteel.com. All prices shown on this page are indications only. Note - For real time and official LME prices, LME requires a user subscribe to an authorized LME vendor.

Site Sponsors

Advertise your company on this site

Your banner here

7/19 Market Prices
not official prices

ferrochrome and chromium prices

Moly Oxide (>51%)
$12.70/lb
 
Source

Ferrochrome(60-65%)(HC)
$1.21lb
 

7/19 Scrap Price

Stainless Steel (LTL/ton)
$.80/lb
 ferrochrome prices and molybdenum prices

Smaller Quantities
$.55/lb
 chromium prices and nickel prices

MEPS Stainless Steel Price Index

Global 304 SS Index

nickel prices

North America 304 Index

price of stainless steel

EU 304 SS Index

price of nickel

Asia 304 SS Index

Other Sites

Nickel Mining Stock
Stainless Steel Videos
USGS Mineral Reports
Industrial Metals Index
Nonferrous Metals Index
World Disaster Info
NOAA El Nino Updates
Investor Guide

Today's Market

USA Economic Calendar
World Economic Calendar
Europe Markets
Asia/Pacific
TED Spread
LMEX Index
VIX Index
US Futures


LME Margins
LME Calendar
LME Ring Times
Metals MSDS
Nickel Toxicology
Stainless Steel MSDS
USGS Molybdenum Info
USGS Nickel Information
USGS Chromium Information
Tariff Codes (many countries)


Price of Nickel

Nickel Graph Temporarily Down

1 and 5 year nickel chart

JP Morgan Delayed Price

Daily Commodity Prices

Site Pages

Nickel Price Charts/Forecasts
Stainless Steel Graph/Charts
Stainless Steel Surcharge
Nickel/Stainless Research
Stainless Steel Literature
Make your own charts
Nickel Price Archives
Ferrochrome Facts
Worldwide PMI

Archives

2020
January February March
April

2019
January February March
April May June July August
September October
November December

2018
January February March
April May June July August
September October
November December

2017 and prior



nickel news




Nickel Publications at Amazon

Contact author  /   EStainlessSteel Home Page

Your free daily news source for nickel, molybdenum, ferrochrome, chromium, iron ore and stainless steel market prices and news.

Any reproduction in whole, or in part, without permission from the author is prohibited.
© 2003-2019