This page is archived news covering the period of August 2015
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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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Monday, August 31

    London Metal Exchange is closed today for Summer Bank Holiday. Chinese markets are only open the first three days of this week.

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)

  • Three month nickel closed Friday's trading session at $4.56/lb . Indicators at 6:30 am CST today show 3 month nickel untraded with the London Metal Exchange closed for the Summer Bank Holiday. Stockpile numbers will be reported by the LME upon its reopening tomorrow. Shanghai Metals Market is reporting nickel ore inventories held at six major Chinese ports increased by 220,000 tonnes last week to total 10.91 million tonnes.
  • Average price of cash nickel so far this month - $4.69/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 - Shanghai copper eyes monthly rise, but China jitters linger - 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

    Prices of CR Austenitic Stainless Sheets in Asia May Be Level of $1,800 CFR - According to a source of a Japanese cold-rolled (CR) stainless steel sheet mill, export prices of CR austenitic stainless sheets in the Asian region are thought to become the level of $1,800 CFR. - more

    Resolution Reached In New Caledonia Nickel Dispute – A resolution has been reached in New Caledonia to end a weeks-long industrial dispute which crippled traffic around the capital, Noumea. - more

    Why’s everyone worried about China? - Collective concern about what exactly is happening in the world’s second-largest economy is roiling all parts of the financial universe. - 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

Friday, August 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.46/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading mixed. Stockpiles of nickel stored in LME approved warehouses rose on Thursday and now total just over the 455,150 tonne level. Once again, nickel is shadowing European equity markets lower, although nickel is showing some strength where equities have yet to stop their daily slide. Not a whole lot any of us can make sense about the current market state, or try to explain it, so unless your entire savings is invested in nickel, you are probably better off turning off today's business news and going on a long and relaxing weekend trip. If you can't, then enjoy what weekend you can take.   
  • Average price of cash nickel so far this month - $4.93/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 down on resurgent worries about surplus, zinc up - 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
  • Murky Waters: How will El Niño impact commodity markets? - more

    Fasten seat belts as LME spreads tighten: Andy Home - For every action there is an equal and opposite reaction. Or translating Sir Isaac Newton's third law of motion into financial language, markets don't move in straight lines. - more

    BIR Stainless World Mirror August 2015 - Global: 'The market for stainless scrap is set to remain challenging for the rest of this year for both raw material suppliers as well as consumers,' asserts Joost Van Kleef, chairman of the BIR stainless steel & special alloys committee. - more

    EU dumping duties, shutdowns give stainless mills only modest relief - An EU move to cut nearly a fifth of stainless steel supply via anti-dumping duties has given the bloc's mills only modest support as they continue to battle stubbornly poor demand and a China-led growth slowdown.- more

    Steel firms warned of tough H2 - China's steel sector can expect to face increasing international trade friction as inventories and output continue to rise amid weakening demand driven by the economic slowdown, according to Wang Liqun, vice-chairman of China Iron and Steel Association. - 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, August 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.33/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.12/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just under the 454,700 tonne level. Commodities are playing catch up to the late hour spike in US equity markets yesterday, as are European stock markets. China markets ended higher today, but business media is reporting this was due to a sudden spike in China government buys in the last half hour that erased another day of losses. Jim Rogers is once again proclaiming that one shouldn't give up on commodities yet, proving that even a broken clock is right twice a day. Interesting story below about the 2011 attack on a Philippine nickel mine.
  • Average price of cash nickel so far this month - $4.72/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 up after Fed official calms markets; China still a concern - 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

    Worried about China? Ask a metals trader: Andy Home - Everyone's worried about China. Collective concern about what exactly is happening in the world's second-largest economy is roiling all parts of the financial universe. - more

    EU dumping duties, shutdowns give stainless mills only modest relief - An EU move to cut nearly a fifth of stainless steel supply via anti-dumping duties has given the bloc's mills only modest support as they continue to battle stubbornly poor demand and a China-led growth slowdown. - more

    King Of Ore: Despite Nickel Asia's Raids, Zamora Did Not Retreat - Jose Anievas still remembers Oct. 3, 2011 quite vividly. Early in the morning that fateful Monday, the chief operating officer of [prisoners of war] was seized by New People’s Army (NPA) rebels who raided the company’s sprawling open-pit mining site in Claver, Surigao del Norte in Mindanao. - more

    Jim Rogers: Don’t rule out a bull run in commodities - Oil prices are trading near a six-year low, copper futures have shaved off 20% year-to-date and wider panic has grabbed the commodities market in fears over a sharp slowdown in China. - more

    Russia's Norilsk Nickel hires banks for Eurobond - Russia's Norilsk Nickel has hired five banks to arrange a Eurobond, according to two sources. - 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, August 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.35/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.07/lb lower, with other London traded base metals trading mostly lower. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just shy of the 454,400 tonne level. China is adding some more stimulus measures this morning after the interest rate cut announced yesterday failed to calm markets. European markets are lower but showing some strength, and US futures are positive. Commodities continue to trade at teh mercy of overall market sentiment, which at teh moment, is about as sour as it can get. Nickel is trading under the $10,000/tonne level for a third day.
  • Average price of cash nickel so far this month - $4.74/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 resumes decline as demand worries linger despite China move - more

  Reports

  • Another very difficult summer for commodities - pdf here
  • U.S. Imports of Stainless Steel Mill Products - more
  • 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
  • (MP) China nickel ore imports down 1.95pc in July
  • World shares sag as China jitters persist - more

    Mediation starts over New Caledonia nickel conflict - The president of the Caledonian Union party Daniel Goa has expressed hope protesting truck drivers can exit the unresolved conflict over nickel exports with their heads held high. - more

    Some Mills Cut Ni SUS Scrap Purchase Price in Late Aug by JPY5,000 = EF mills in Kanto area lower purchase prices ahead of others and mills in Chubu area also are considering = Since entering late August, 2 electric furnace mills for stainless steel in the Kanto area lowered their purchase price for nickel-containing stainless steel scrap (SABOT) by JPY5,000 per ton.  - more

    Mining and energy companies embrace the stackhat as commodities dive - Miners don't wear helmets just for safety while underground, they wear them for times like this. - 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, August 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.33/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.04/lb higher, with other London traded base metals trading quietly higher. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 453,850 tonne level. China cut interest rates overnight for the fifth time since November in an attempt to stop the rout in their stock markets. European markets are higher on the news. Once again, external market news, is affecting nickel trading and talking about technical levels is a waste of time. It will be interesting to see if China's move is enough to stem the bearish tide, as we see it as a move of desperation and response to market demands, and history shows us that when governments let markets mandate their moves, the results can be disastrous. Time will tell. We don't suggest you unbuckle your seat belt just yet.  
  • Average price of cash nickel so far this month - $4.77/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 stages modest rebound after earlier rout on China woes - more

  Reports

  • Nickel And Stainless Steel Data Monthly - pdf here
  • 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 stocks, dollar, oil extend gains after China cuts rates - more

    Surge in China’s refined nickel imports continues in July - Last month we noted that China’s refined nickel imports increased a staggering 250% in June to 38,545 mt from 11,014 mt in June 2014, and stated that China may well continue to increase refined nickel imports over the rest of 2015. - more

    Aluminum, nickel production holding up - Global production of aluminum and nickel is showing no signs of trending down, even though prices for these nonferrous metals are at their lowest levels in about six years. - more

    Clive Palmer blames Beijing for nickel refinery woes - The viability of Clive Palmer’s major business, a nickel refinery, is in doubt following revelations he is blaming the Chinese for his ­inability to pay for major machinery upgrades, amid a cash crunch and nickel price collapse in the ­ongoing commodities rout. - more

    Mwana Africa Gold Project Remains Profitable But Nickel Struggles - Mwana Africa PLC on Tuesday said its gold operation remains profitable despite being hampered by the fall in gold prices, but said its nickel operation was not profitable in the last quarter as production and prices fell and costs rose. - more

    First Nickel locks gates to Sudbury mine - When workers at the Lockerby mine in Sudbury, Ontario arrived on shift at 5 a.m. on Thursday, they found the gates locked and the copper-nickel mine idle. - more

    Courtesy AISI - In the week ending August 22, 2015, domestic raw steel production was 1,742,000 net tons while the capability utilization rate was 72.9 percent. Production was 1,930,000 net tons in the week ending August 22, 2014 while the capability utilization then was 80.2 percent. The current week production represents a 9.7 percent decrease from the same period in the previous year. Production for the week ending August 22, 2015 is down 1.5 percent from the previous week ending August 15, 2015 when production was 1,768,000 net tons and the rate of capability utilization was 73.9 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, August 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.62/lb  . Indicators at 6:30 am CST today show 3 month nickel trading around $.30/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose slightly on Friday and now total just over the 455,000 tonne level. Shanghai Metals Market reports stockpiles of nickel ore stored at six major Chinese ports fell by 280,000 tonnes last week, and now total 10.69 million tonnes. If you missed it, nickel has now been caught up in a worldwide financial rout and until markets calm down, talking about anything logical is a waste of cyber space. Hope you are buckled up.
  • Average price of cash nickel so far this month - $4.80/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 - Great fall of China sinks world stocks, dollar tumbles - more

  Reports

  • Oryx Stainless - “Never say never” - pdf here
  • 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’s Stocks Sink Most Since 2007 as State Intervention Fails - more

    CR Austenitic Stainless Sheets for China = The Japanese mills are in a stance to wait and see for October shipment = It is time when the Japanese mills of cold-rolled (CR) stainless steel sheets commence negotiations on CR austenitic stainless sheets for China for October shipment but most of them are in a stance to shelve negotiations. - more

    First Nickel goes into receivership - Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principal secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Act of Canada.  - more

    Blockades lifted in New Caledonia - Blockades have been lifted in New Caledonia's capital, after nearly three weeks of disruption. - more

    Modern mining is no threat to Minnesota - Earlier this month, a crew working to clean up the long-closed Gold King mine in Colorado unintentionally breached an earthen dam, releasing an estimated 3 million gallons of mine wastewater into Colorado’s Animas River and prompting the governors of Colorado, New Mexico and Utah, as well as the Navajo Nation, to declare states of emergency. - more

  • In Minnesota, fight between mining and environment gets personal - It’s the kind of July day that Minnesotans fantasize about in the dead of winter. Puffball clouds float in a blue sky and daisies sprout under stately pines lining Spruce Road, the main artery of an old logging network deep in the Superior National Forest about 15 miles southeast of Ely. - 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

Friday, August 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.69/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and now total just under the 455,000 tonne level. Commodities are getting caught up in a world wide sell off of investment, so the last few weeks have been brutal. We will start again Monday so have a relaxing weekend.
  • Average price of cash nickel so far this month - $4.82/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 - LME copper eyes 7th weekly loss on China woes; holds $5,000 - 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
  • Caixin flash China manufacturing PMI hits 77-month low in August - more

    July 2015 crude steel production - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million tonnes (Mt) in July 2015, a -3.8% decrease compared to July 2014. - more

    New Caledonia blockades resume after talks fail - Blockades staged by protesting truck drivers continue to disrupt traffic and the flow of business activity in New Caledonia. - more

    Strike ends at ARM nickel mine – union - South Africa’s National Union of Mineworkers said on Thursday that it had signed a wage deal at the Nkomati nickel mine operated by African Rainbow Minerals (ARM), ending a strike that started on Sunday. - more

    Asia ferrochrome prices under pressure from currency devaluations - Spot prices of ferrochrome in Asia are under downward pressure due to currency devaluations, market sources said Friday. - more

    China's Foreign Trade Result of Molybdenum in Jan-Jun 2015 = Export is down by 66% from year-earlier period, and import is down by 41% ditto = According to the calculation to figure out volumes in pure Mo equivalent based on China's customs statistics, the export volume in the period from January to June in 2015 was 2.9867 million lbs (down by 66.4% from the year-earlier period), and the import volume was 5.8219 million lbs (down by 41.0% ditto). - 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, August 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.74/lb . Indicators at 6:15 am CST today show 3 month nickel trading flat and unchanged at the moment, with other London traded base metals trading quietly higher. Stockpiles of nickel stored in LME approved warehouses fell slightly on Wednesday and now total just under teh 455,900 tonne level. Nickel support held this time around, and after closing below $4.74/lb on Tuesday, it crawled back up to that level yesterday. Today, the market is quiet, although nickel was trading $.04/lb lower earlier in todays session, showing support is weak. The Euro is trading higher this morning, which is helping commodities, while equity trading is lower, which is souring commodities.  
  • Average price of cash nickel so far this month - $4.83/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 - Copper bounces off 6-year lows on weaker 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
  • Decision in Rio Tinto’s case against Vale over Simandou imminent - more

    CR Ferritic Stainless Prices in East Asia Close to Dipping below $1,000 CFR - According to a source, prices of cold-rolled (CR) ferritic stainless steel sheets (SUS430 grade) are likely to be imminent to dipping below $1,000 CFR. In China, prices of ferritic ones to SUS430 are already below $1,000 in dollar equivalent, and China's offer price for Taiwan is said to be $1,000 CFR. - more

    Noumea blockades caused by ore export differences - There have been major disruptions to traffic in Noumea due to protests by truck drivers related to New Caledonia's nickel mining industry. - more

    Glencore Dominican operation reveals buyer’s profile after faux pas - Falconbridge Dominicana on Tuesday disclosed the profile of Americano Nickel Limited (American Nickel), calling it a holding company specialized in mining. - more

    Disaster triggers rise in commodity prices - Commodity prices, including iron ore, increased after last week's fatal blasts in Tianjin affected operations at the city's port. - more

    Depressed metals make miners seem like a bargain - If the trend in industrial commodities were the genie from “Aladdin,” it would serenade traders with his signature song, “You ain’t never had a friend like me.” This trend is solid to the downside, and that is bad news for both commodities and for the economy. - 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, August 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.70/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb higher, with other London traded base metals trading slightly higher as well. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now totals just over the 456,150 tonne level. Cancelled warrants continue to run at about one third of that level, as they have since mid July. We have support at $4.74, with one close below that level and a second today, would send another negative technical signal to the market.  
  • Average price of cash nickel so far this month - $4.84/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 steady near 6-year lows as China demand woes persist - 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's Production of SUS Crude Steel in Former Half 10.759 Mil. Tons = Up by 1% from year-earlier period and production of 300 series and 200 series is up = Stainless Steel Council of China Special Steel Enterprises Association announces China's production of stainless crude steel in the former half (January - June) was 10.759 million tons, up by 0.7% from the year-earlier period. - more

    American Nickel acquired FALCONDO and restart operations - The mining company will share information with the government to respond with transparency to all concerns and share their vision of transforming Falcondo in a sustainable nickel producer - translated version here

    Australian nickel refiner seeks more ore from New Caledonia - Australian nickel refiner Queensland Nickel has yet to fill its laterite ore quota from New Caledonian suppliers and was eager to increase volume as the South Pacific country faces pressure to lift a ban on exports to China. - more

    New Caledonia policeman shot amid tension over nickel - The authorities in New Caledonia have confirmed a member of the security forces has been shot and wounded amid ongoing tension over nickel mining. - more

    Russia Stainless Steel Imports fell 20.2% - According to Spetsstal’s appraisal, imports of stainless steel to Russia in the first half of 2015, if compared to the same period of 2014, fell 20.2% to 101,167 tons. - more

    Firm’s nickel discovery - Highlands Pacific Limited says it has identified extensive nickel mineralisation at Sewa Bay in Milne Bay. - more

    Persistent problems in nickel ore trade in the Philippines - Further to previous club advice including the club’s publication on Liquefaction of Mineral Ore and Mineral Concentrates, problems persist in the mining and transportation of nickel ore from the Philippines. - 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, August 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.83/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.12/lb lower, with other London treaded base metals trading mostly lower. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just under the 455,000 tonne level. China markets fell sharply overnight and news that Japan may need a stimulus to prop up its economy is putting a large cloud of negativity back over worl markets this morning.  The ISSF reports world production of stainless steel was flat compared to the same period last year.
  • Average price of cash nickel so far this month - $4.85/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 - LME copper strikes six-year low, eyes $5,000 as China mood sours - 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
  • Chinese stock slump weighs on world markets - more
  • Mature El Niño in the tropical Pacific region - more

    Stainless Steel Production Turns Out ..... - The International Stainless Steel Forum (ISSF) has released figures for the first three months of 2015 showing that at 10.4 million metric tons (mmt) stainless steel melt shop production was at the same level year–on–year. - more

    Shipments Decline in July - U.S. and Canadian shipments declined from 2014 levels for both steel and aluminum in July. Inventory positions deteriorated across the board. - more

    Glencore swoops on Sirius' nickel - Glencore's financial troubles have not prevented the Swiss giant from swooping on the remaining offtake from Sirius Resources' Nova mine in WA. - more

    Vale appeals court order suspending nickel operation - Following a federal court order late Friday suspending its Onça Puma nickel mine, Brazilian miner Vale announced it has filed an appeal to restart the operation, which the company considers to be legally licensed. - more

    New Caledonia unrest linked to contractor protests - A key road into New Caledonia's capital has been blocked after truck drivers attached to nickel mining contractors staged another protest. - more

    Softer metal prices hurt no.3 nickel miner - Soft metal prices and unfavorable weather conditions weighed on the bottom line of Global Ferronickel Holdings, Inc. in the three months ended June, the country’s third largest nickel producer said in its latest quarterly report. - more

    Courtesy AISI - In the week ending August 15, 2015, domestic raw steel production was 1,768,000 net tons while the capability utilization rate was 73.9 percent. Production was 1,930,000 net tons in the week ending August 15, 2014 while the capability utilization then was 80.2 percent. The current week production represents a 8.4 percent decrease from the same period in the previous year. Production for the week ending August 15, 2015 is up 0.7 percent from the previous week ending August 8, 2015 when production was 1,756,000 net tons and the rate of capability utilization was 73.4 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, August 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.83/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose on Friday and now total just over the 454,800 tonne level. Shanghai Metals Market reports stockpiles of nickel ore stored at six major Chinese ports rose 110,000 tonnes last week to total 10.97 million tonnes. Technical support has fallen to $4.75/lb and we will have to wait and see if the market tests this level this week.
  • Average price of cash nickel so far this month - $4.86/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 on China demand worry, higher dollar - more

  Reports

  • Damstahl Stainless Steel Report - August 2015 - pdf here
  • 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
  • U.S. Fastener Imports & Exports Remain Weak in June - more

    Vale halts Amazon nickel mine output after court order - Vale SA stopped operations at its Onca Puma nickel mine in Brazil's Amazon after a Brazilian federal court on Friday ordered the halt because of disputed payments to indigenous communities. - more

   S.Africa's NUM union says members to strike at ARM nickel mine - South Africa's National Union of Mineworkers said on Saturday that its members would down tools at the Nkomati nickel mine operated by African Rainbow Minerals (ARM) and Norilsk Nickel after wage talks deadlocked. - more

  • NUM Called for Indefinite Strike in South African Nickel Mine Over Bonus Pay - Demanding a higher bonus pay, the mining union NUM South Africa has called for an indefinite strike at a nickel mine in eastern Nkomati which was scheduled to start from Sunday. - more

    Glencore sells stakes in copper, nickel mines for $290 mln - Global miner and commodity trader Glencore said on Friday it had sold stakes in three mines it inherited through its Xstrata takeover for about $290 million. - more

    Molybdenum production and use down - Global production of molybdenum fell to 128.8 million pounds in the first quarter of 2015, down 13% from 148.1 million pounds in the previous quarter, and 5% lower compared with the same period in 2014, figures released today by the International Molybdenum Association (IMOA) show. - more

    Macquarie Says China Slowdown Hammers Hopes of Nickel Surge - The nickel market is going to let down any investors still betting on a shortage this year, according to analysts from Macquarie Group Ltd. - more

    LME warehousing landscape adjusts to life after queues: Andy Home - You don't hear so much about the load-out queues in the London Metal Exchange's (LME) warehouse system these days. - more

    Japan's Purchase Price of HC FeCr Remains Unchanged from Prior Period = US Cents 116 per lb, and no change in overall demand and supply balance = Japanese stainless steel mills continued negotiation with several foreign ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from July to September in 2015, and came to an agreement on the price to remain unchanged from the prior period. - 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, August 12

    We are traveling on business the remainder of this week, so our next update will be Monday, August 17th.

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)

  • Three month nickel closed Tuesday's trading session at $4.87/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.09/lb lower, with other London traded base metals trading mixed. Stockpiles off nickel stored in LME approved warehouses fell on Tuesday and now total just over the 454,400 tonne level. Nickel fell below a key line of support yesterday on China's devaluation of its currency, and is not showing much evidence it will be able to crawl back above that line today. In fact, while nickel is trading much lower at the moment, earlier today it was trading over $.10/lb lower than where it is now. If you are one who trades by technical signals, a second close below support will send a strong sell signal. If you are one of those who believes nickel can't fall any lower, then every time we appear to find a floor, it crumbles shortly thereafter. We are traveling the rest of the week on business and catch up with you on Monday.
  • Average price of cash nickel so far this month - $4.90/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 - LME nickel, copper, aluminium hit six-year lows on yuan jitters - more
  • Bloomberg metals - Nickel Leads Metals Rout as Copper, Aluminum Slide to 2009 Lows - more

  Reports

  • Desjardin's Commodity Trends - pdf here
  • 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
  • (SSY) Daily crude steel output at China Iron and Steel Association member mills fell further in the period 21-31 July to 1.60 Mt/day, according to data from the industry association reported by U-metal. This is the lowest output level in over a year and compares with 1.76 Mt/day for the same period in 2014.

    LME Q2 profit doubles as trading fee hike pays out - The London Metal Exchange (LME), the world's biggest base metals bourse, roughly doubled its core profit in the second quarter despite a slight fall in volumes, as a January hike in trading fees flowed through to the bottom line. - more

    Morgan Stanley cuts 2015 metals price view; sees recovery by Q1 '16 - Morgan Stanley lowered its 2015 metals price forecasts, citing a "surprisingly" large fall in prices in July on China's equity market selloff. - more

    US Nickel scrap exports declined sharply in June - The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports fell sharply by 28.2% in June this year when compared with the previous month. - more

    Japan's Purchase Price of HC FeCr Remains Unchanged from Prior Period = US Cents 116 per lb, and no change in overall demand and supply balance = Japanese stainless steel mills continued negotiation with several foreign ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from July to September in 2015, and came to an agreement on the price to remain unchanged from the prior period. - 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, August 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $5.07/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.19/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses went unchanged on Monday and the total remains just over the 456,700 tonne level. Nickel has fallen below support this morning, a level of support that has been tested and held for over a week. China devalued its yuan overnight, and surprised markets around the world are reacting negatively. Nickel needs the support level of $4.89/lb to hold strong.
  • Average price of cash nickel so far this month - $4.91/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 -

  Reports

  • TD Commodity Price Report - pdf here
  • 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
  • The Index of Small Business Optimism rose 1.3 points to 95.4 in July after a discouraging drop in June - more
  • China’s Export-Boosting Yuan Move Cloaked as Bold Market Reform - more

     Vale approves Voisey’s Bay nickle mine - Construction of an underground mine at Voisey’s Bay will start next year now that mining giant Vale has formally approved the project, the Newfoundland and Labrador government said. - more

    Seaborne nickel ore trade still a deadly ‘game of Russian roulette’ - “Carrying solid bulk cargoes involves serious risks, which must be managed carefully to safeguard the crew and the ship. These risks include reduced ship stability (and even capsizing) due to cargo liquefaction; fire or explosion due to chemical hazards; and damage to ship structures due to poor loading procedures.” - The opening paragraph of the introduction of Carrying Solid Bulk Cargoes Safely guide, published in 2013 by UK classification society Lloyd’s Register, in association with the UK P&I Club and Intercargo, the trade association for dry bulk shipowners and operators. - more

  • Circular 10/15: Safe Carriage of Nickel Ore - Members must notify the Club at the earliest opportunity if they intend to load nickel ore from Indonesian or Philippine ports, and may prejudice cover if they fail to do so. - more

    Courtesy AISI - In the week ending August 8, 2015, domestic raw steel production was 1,756,000 net tons while the capability utilization rate was 73.4 percent. Production was 1,930,000 net tons in the week ending August 8, 2014 while the capability utilization then was 80.2 percent. The current week production represents a 9.0 percent decrease from the same period in the previous year. Production for the week ending August 8, 2015 is down 0.2 percent from the previous week ending August 1, 2015 when production was 1,760,000 net tons and the rate of capability utilization was 73.6 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, August 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.91/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.07/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose slightly on Friday and start the week just over the 456,700 tonne level. Shanghai Metal Market is reporting nickel ore stockpiles held at six major Chines ports rose by 100,000 tonnes last week to total 10.86 million tonnes. Chinese stock rose sharply today on government stimulus hopes, and this is carrying over into commodity trading around the world. The US Dow futures, which has had seven straight losing sessions, shows it will open higher. Warren Buffet's offer to buy Precision Castparts is also adding positive momentum.
  • Average price of cash nickel so far this month - $4.90/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 rebounds from six-year low as China imports tick up - 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
  • (MP) China refined nickel imports up 244% in June
  • Base Business on Fundamentals, Not Tomorrow's Price Forecast - more
  • Grim China data keeps stimulus hopes alive - more
  • WTO says EU illegally taxes China steel fasteners - more

    Metal prices distress driven by sentiment - What has happened since the beginning of May this year? Because from January to April, base metal prices followed a fairy normal pattern (volatile with some peaks and troughs along the way), reaching a 2015 high early May. - more

    No. 3 nickel miner plumps up for year-round output - Global Ferronickel Holdings, Inc. -- the Philippines’ third largest nickel producer -- has acquired a mine in Palawan under a $50-million deal, allowing it to produce output all year round, a company official said on Friday.  - more  

  • Global Ferronickel Holdings acquires Palawan nickel mine - more

    Summer Of Misery For Commodities - "Every unhappy family is unhappy in its own way." The opening sentiment in Tolstoy's great novel Anna Karenina works just as well for commodities markets in the summer of 2015 as it did for Russian aristocratic clans in the 19th century. - 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

Friday, August 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.92/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals trading mostly flat. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and now total just under the 456,700 tonne level. Traders are keeping the traded price of nickel above major support, but not by much. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.90/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 sinks to 6-year low; zinc at lowest in 2 years - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • 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's steel city feels impact of pollution regulations - more

    LME Ni Average Price in July Down by 11% from Prior Month = Upper quotation during month exceeds US$12,100, but lower quotation dips below US$10,500 = LME monthly average price in July 2015 was Cash seller: US$11,385.87 per ton (US$5.165 per lb) and 3-month seller: US$11,439.78 per ton (US$5.189 per lb). - more

    Finnish govt rescues bankrupt nickel mine - The Finnish government has announced its plan to start operating the bankrupt Talvivaara nickel mine, whose former executives are currently on trial for creating environmental hazards. - more

    Sumitomo Metal Mining cuts profit target as China demand slows - Sumitomo Metal Mining Co., the largest domestic nickel producer, cut its first-half profit forecast as China’s slower demand weakens commodity prices more than anticipated, the company said in a statement Friday. - more

    Philippines sees higher nickel, gold output in 2015 – The Philippines’ nickel and gold output this year will exceed 2014 levels as some mines that were under suspension orders have resumed operations, the Mines and Geosciences Bureau (MGB) said on Friday. - more

  • Philippine nickel miners confident production won’t drop - 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, August 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.91/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.04/lb higher, with other London traded base metals trading mostly higher and quietly. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just under the 458,500 tonne level. Support held yesterday, albeit just barely.
  • Average price of cash nickel so far this month - $4.90/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 - Supply glut pushes aluminium to six-year low - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • 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
  • (MF) Global stainless steel output to hit new high in 2015
  • Chinese banks’ bad loans rise to US$290 billion as manufacturers struggle - more

    TVIRD ships out $3.9M nickel ore in July - The Philippine unit of Canada’s TVI Pacific Inc. has completed four outbound shipments of nickel ore in July this year from its joint-venture Agata Nickel Laterite Project in Mindanao. - more

    Zimbabwe: BNC Pins Hope of Nickel Prices - Bindura Nickel Corporation (BNC) is pinning its recovery on projected increases of nickel prices internationally as demand outstrips supply. - more

    Sudbury First Nickel mine explosion: fire ignited explosives - Production has restarted at First Nickel's Lockerby Mine in Sudbury following an explosion on Sunday. - more

    New Caledonia nickel miners stage protest - Nickel mining contractors in New Caledonia staged a protest in Noumea in Wednesday, when more than 100 huge trucks gathered outside the government building. - 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, August 4

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday trading session at $4.89/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.06/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 457,900 tonne level. Nickel closed below support at $4.94/lb yesterday and a second close below this level could send a sell signal to traders. If it successfully holds today, the signal could be interpreted as a buy signal. The number of mine closures continues to grow.
  • Average price of cash nickel so far this month - $4.89/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 - Chinese equities, dollar help copper to move higher - 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
  • (FAN) China's Major Mills Reduce Stainless Steel Prices for August
  • El Niño to persist into early 2016 - more

     North American Stainless Press Release - For the month of August 2015, North American Stainless will decrease the fuel surcharge to 21% for stainless flat and long products. The surcharge rate is considered a maximum level for August and will be reviewed monthly. - source

    Diggers & Dealers: ‘Disappointing’ nickel price won’t last forever - While the current nickel price is “disappointing” Western Areas managing director Dan Lougher predicts the price will gradually improve. - more

    Some Chinese mills ramp up production on stronger steel prices - Some Chinese steelmakers were heard to have increased their operating rates after the recent rise in steel prices, industry sources said Tuesday. - more

    Nickel Gains Most in Week on Signs Producers Are Cutting Output - Nickel climbed, leading increases in industrial metals, amid signs the slump in prices is forcing some producers to curtail production. - more

    First nickel reports incident at Lockerby mine - An explosion was experienced underground at First Nickel Inc.'s Lockerby mine on Sunday morning. One worker, who experienced minor injuries and smoke inhalation, completed a medical assessment and is now at home. - more

    Courtesy AISI - In the week ending August 1, 2015, domestic raw steel production was 1,760,000 net tons while the capability utilization rate was 73.6 percent. Production was 1,914,000 net tons in the week ending August 1, 2014 while the capability utilization then was 79.6 percent. The current week production represents a 8.0 percent decrease from the same period in the previous year. Production for the week ending August 1, 2015 is up 1.1 percent from the previous week ending July 25, 2015 when production was 1,740,000 net tons and the rate of capability utilization was 72.8 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, August 3

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $5.02/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.14/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses fell on Friday and ended July just under the 458,850 tonne level. Nickel is testing support at $4.94/lb this morning on news that China's PMI fell to 50.0, below analysts expectations.
  • Average price of cash nickel so far this month - N/A
  • 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 to 6-year low on China growth angst - 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
  • (SSY) Daily crude steel output at China Iron and Steel Association member mills dropped to its lowest level since early April at 1.70 Mt in the period 11-20 July, according to data from U-metal. This compares with 1.81 Mt/day in the same period in 2014.

    Mining sector clambers to find savings as metal prices continue to slide - Mining companies are scrambling for ways to strengthen their balance sheet with the rout in metal prices showing no signs of easing. - more

    Panoramic Resources cuts jobs after seismic event - An earthquake at Panoramic Resources’ Lanfranchi operations has forced the company to suspend mining at the Deacon ore body and cut jobs. - more

    A bane to farmers, El Nino a boon to nickel miners -  Philippine nickel miners, hit by a slump in prices, may have found an unexpected ally in the El Nino. They are betting the dryness linked to the weather event will let them mine until year end instead of typically shutting due to seasonal rains. - more

    More trouble for Sudbury's Lockerby Mine - The last 15 months have been hellish for First Nickel Inc. and employees at its Lockbery Mine. - more

    Protect SW Oregon from nickel strip mining - Oregonians face a threat that demands our action. Large-scale nickel strip mines threaten our public lands and the wild rivers in the greater Kalmiopsis region of southwest Oregon. - 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

 July Archives


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"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.

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