This page is archived news covering the period of December 2015
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LME nickel prices and news

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Daily Nickel Market News & Stainless Steel Prices

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Wednesday, December 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.97/lb . Indicators at 6:00 am CST today show 3 month nickel trading unchanged, having recovered from earlier lows. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 444,700 tonne level. Nickel continues to trade rangebound, as it has since late November. Today will be our last update for 2015 and we will return on Monday to start a new year with you. We want to wish each of you a New Year of health, wealth, and joyous memories.
  • Average price of cash nickel so far this month - $3.95/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, focus on expectations of surplus - more

  Reports

  • Reuters Metals Insider - no posting today
  • 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

    For the month of January 2016, North American Stainless will lower the fuel surcharge to 16% for stainless flat and long products. The surcharge rate is considered a maximum level for January and will be reviewed monthly. - source

    Strong headwinds forecast for mining sector - As 2015 draws to a close, the Indonesian mining industry finds itself in the crosswinds of a global downturn in commodity prices, combined with domestic regulatory challenges that dampen investment sentiment among both local and international mining investors. - more

    Metal price meltdown opens door for private equity to walk in - No matter how you look at it, 2015 was an awful year for metal prices. But if the majority of experts are correct, 2016 is going to be worse. Maybe a lot worse. - more

    Supply cuts to provide the floor for nickel in 2016 -  Nickel prices were battered in 2015 and were the worst-hit among the base metals complex mainly dragged down by plummeting Chinese demand and absence of anticipated shortage following the Indonesian ban in January 2014. - more

    Nickel: Not So Mean Reversion - Nickel was the worst performing commodity in 2015, down 43% to around $8,600 per tonne. Worries over weak Chinese demand for stainless steel (manufactured from nickel) coupled with robust supply growth has been behind the falls. - 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, December 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $3.91/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME approved warehouses rose slightly on Monday and now total just over the 445,350 tonne level. News is still light as the short week between Christmas and New Years finds many taking an extended vacation. Tomorrow will be our last update for the year.
  • Average price of cash nickel so far this month - $3.95/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits one-week low, optimism about output cuts fades - more

  Reports

  • Reuters Metals Insider - no posting today
  • 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 Growing Steel Shipments Spur Protests As Prices Are Expected To Plunge In 2016 - more
  • Déjà Vu All Over Again: Tailings Dam Failures at Metal Mines Around the World - more
  • Hangzhou shuts steel plant to improve air quality - more

    Global Metals Prices Hinge on China Production - With an interest-rate increase from the U.S.Federal Reserve out of the way, battered metals investors are returning their focus to China, where plans to trim a supply glut have sparked hopes for a rebound in prices in 2016. - more

  • Commodity price slump undercuts mining sector - more

    Axiom Mining defines first five years of nickel production at Isabel - Axiom Mining has revealed an updated JORC Resource at the Isabel Nickel Project, which is located in the Solomon Islands. - more

    Russia's Usmanov mulls raising Norilsk Nickel stake - Russian billionaire Alisher Usmanov, in an interview to state Rossiya-24 television, says: "I would recommend our management buy more rather than sell Norilsk Nickel. We are interested in earning money on equity stakes.- more

    Courtesy AISI - In the week ending December 26, 2015, domestic raw steel production was 1,456,000 net tons while the capability utilization rate was 60.9 percent. Production was 1,795,000 net tons in the week ending December 26, 2014 while the capability utilization then was 74.6 percent. The current week production represents a 18.9 percent decrease from the same period in the previous year. Production for the week ending December 26, 2015 is down 4.4 percent from the previous week ending December 19, 2015 when production was 1,523,000 net tons and the rate of capability utilization was 63.7 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, December 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $3.91/lb . LME markets are closed for the Christmas holiday today and will re-open tomorrow morning. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and begin this week just over 445,300 tonne level. Shanghai Metals market is reporting stockpiles of nickel ore held at six major Chinese ports fell y 40,000 tonnes last week and now total 10.27 million tonnes. With nickel going untraded in London today, market news is nearly non existent and will be limited until the new year.
  • Average price of cash nickel so far this month - $3.95/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 - Lead hits highest in nearly two months on low inventories - more

    London markets are closed so industry news is limited today.

Wednesday, December 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.95/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses rose again on Tuesday and now total just over the 445,900 tonne level. LME stockpile numbers are now reading less than 25,000 tonne lower than its all time high. We are traveling tomorrow so this will be our last update until next week. LME markets are closed Friday and next Monday. We wish all of our readers a very Merry Christmas and a very Happy Holiday.
  • Average price of cash nickel so far this month - $3.95/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper climbs, shorts close out positions - 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
  • Are commodities a good investment? - more
  • Man Who Called China's Boom and Bust Now Warns of Crisis Risks - more

    COLUMN-China and the search for a new metals narrative: Andy Home - Monday saw the release of China's detailed metals trade figures for November. - more

    New Caledonia's SLN announces cuts - New Caledonia's SLN nickel company has announced plans to save about 90 million US dollars a year to cope with a severe nickel crisis. - 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, December 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.03/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses rose by another huge number on Monday and now total just over the 441,500 tonne level. Cancelled warrants slipped before 37% as well yesterday. Stockpiles are less than 30,000 below their all time record high, and an amount in excess of that number, has already been gained this month.
  • Average price of cash nickel so far this month - $3.95/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 - Zambia to bring in variable tax on mining royalties - 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
  • (SMM) Outbound shipments of nickel ore from the Philippines tumbled to 2.70 million wmt in November, down 39.05% from October’s, Shanghai Metals Market data showed.
  • India Plans Price Curbs to Stem Chinese Steel Import Deluge - more
  • Commodity industry wrongfooted by slump - more
  • El Niño remains strong, but some cooling now observed at depth - more
  • El Nino Likely to Disrupt 1Q - more

     Stainless Steel Production Reached 31.1 Million Metric Tones in these First Nine Months of 2015 - The International Stainless Steel Forum (ISSF) has released figures for the first nine months of 2015 totaling 31.3 million metric tons stainless steel melt shop production, a decrease of 0.5% year–on–year. Production increased in the Americas and in China. - more

     Allegheny Tech to Idle Some Pennsylvania Operations - ....The Pittsburgh company said the idling of some stainless and sheet operations at its Midland, Pa., operation are expected to be completed in January. - more

    Nickel supply to continue to drop in 2016 - The current low prices of nickel ore has forced some nickel miners in the Philippines to shut down their operations, while others are significantly reducing their production, and this scenario will likely continue in 2016. - more

    Bankers question value of Clive Palmer’s nickel refinery - Clive Palmer’s oft-repeated claim that his embattled Queensland Nickel refinery has $1.9 billion in assets has been rubbished by investment bankers who specialise in selling similar projects. - more

    Nickel miner TVI defers Philippine listing until Feb. 29 - Nickel miner TVI Resource Development (Phils.) Inc (TVIRD) has deferred a planned listing on the Philippine Stock Exchange to Feb. 29 next year, subject to market conditions and regulatory approvals, shareholder TVI Pacific Inc of Canada said. - more

    Courtesy AISI - In the week ending December 19, 2015, domestic raw steel production was 1,523,000 net tons while the capability utilization rate was 63.7 percent. Production was 1,795,000 net tons in the week ending December 19, 2014 while the capability utilization then was 74.6 percent. The current week production represents a 15.2 percent decrease from the same period in the previous year. Production for the week ending December 19, 2015 is down 0.8 percent from the previous week ending December 12, 2015 when production was 1,536,000 net tons and the rate of capability utilization was 64.2 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, December 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.98/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouses gained on Thursday and fell on Friday, and started today's session just under the 436,600 tonne level. Attempts to breech the $4/lb level continue to be unsuccessful, but the market does not appear to want to fall to far below this level either. It's Christmas week and LME markets will be closed on Friday and next Monday for the holiday and our updates for the week will end on Wednesday. Also, for regular readers, if you use an adblock add-on, you may want to consider adding an exemption to this page, as in the coming weeks, we will start blocking ad-block users. This site remains free thanks to the small number of advertisements appearing on this page.
  • Average price of cash nickel so far this month - $3.95/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper creeps to one week top even as smelters eye cutbacks - more

  Reports

  • November 2015 crude steel production - 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

    Press Release - Effective with shipments January 1, 2016, North American Stainless will increase the prices for all Cold Rolled grades in 200 series, 300 series, and type 430. This will be achieved by reducing the discount two percentage points. Also, NAS will increase polishing extras by reducing the polish discount 10 percentage points. Lastly, NAS will increase the base price of CMP and Discrete plate by $.02/lb. - source

    Base metals prices pummelled in 2015, down 26% to date: Commerzbank - Base metals have been the second-weakest commodities sector so far this year after energy sources, as measured against the S&P GSCI sub-indices on a spot basis, Commerzbank said. - more

    'Forgettable' year for mining says analyst as 2015 comes to close - According to independent market analyst Peter Strachan, 2015 can be summed up in one word: "forgettable". - more

    Talvivaara mine leaks 750M litres of water - Around 750,000 cubic metres - the equivalent of 750 million litres - of additional waste water will be discharged from the Talvivaara nickel and zinc mine. - 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, December 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.01/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.09/lb lower on a stronger Dollar. Stockpiles of nickel stored in LME licensed warehouses fell on Wednesday and now total just over the 435,750 tonne level. The US Fed showed it listened to the market and raised interest rates by 1/4 of 1% yesterday. You will remember in the last meeting the Fed did not show any faith in the US economy and the market tanked in response. It is hard not to get cynical about the Fed, who appear to do what they feel will keep Wall Street happy, more than what might be best for the US economy. Our next update will be Monday, Dec 21st, so have a safe and relaxing weekend and we will see you back here for a shortened holiday week.  
  • Average price of cash nickel so far this month - $3.96/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper falls as Fed hike boosts dollar - more

  Reports

  • The Story of Voisey’s Bay: The Discovery (1 of 3) - more
  • The Story of Voisey’s Bay: The Auction (Part 2 of 3) - more
  • Infographic: The Voisey’s Bay story part 3 - 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
  • US MSCI steel inventories dropped further in November - more

    Nickel Producers Hammered in Indonesia as Metal Price Slumps 40% - Almost two years after Indonesia, the largest producer of mined nickel, banned ore exports to nurture its metals industry, fledgling smelters are being pummeled by a plunge of more than 40 percent in prices. - more

    LME Mo Price Rebounds and Rises to US$11,500/MT - On December 10, LME molybdenum prices for both cash seller/settlement and 3-month seller rose to US$11,500 per ton (= US$5.22 per lb), up by US$1,000 from US$10,500 on Monday (December 6). - more

    Another door shuts for Clive Palmer’s Queensland Nickel - Clive Palmer is running out of options to save his Queensland Nickel refinery after a court bid to claim more than $100 million in damages was put on hold. - more

  • Support for Queensland Nickel now says KAP - more

    Norilsk to Keep Dividend Even as Mining Rivals Scrap Payments - GMK Norilsk Nickel PJSC, Russia’s largest mining company, will maintain its dividend policy and may shelve some longer-term investments to support the payments, an option favored by its main shareholders, billionaire Chief Executive Officer Vladimir Potanin said. - more

  • Norilsk's Potanin Says Fed Rate May Aid Worst-Performing Metal - more

    Antam-Inalum Smelter to Operate in 2019 - A smelter grade alumina currently being built in Mempawah, West Kalimantan is targeted to start operating in 2019. The project is a collaboration between two state miners Indonesia Asahan Aluminium (Inalum) and Aneka Tambang (Antam) and China's aluminum producer Aluminum Corporation of China Limited (Chinalco). - 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, December 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.89/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.09/lb higher, trading about where it started the day yesterday. Stockpiles of nickel stored in LME approved warehouses are showing their dark side the last few days. The market monitors levels as an indicator of demand and supply parameters, but teh last two days show why that isn't necessarily true. In fact, cancelled warrants, which reflect the amount of nickel 'sold', do not tell us who is buying the nickel, or whether it is actually being bought to be consumed - or by traders looking to invest and sell later. After a second day of 14,500 plus tonne gains, it is becoming apparent that some of the 40+% cancelled warrants in the past few months, have been investments, with stockpiles of nickel being shifted out of the LME warehouse to another, or to a warehouse outside the LME system. Total stockpile numbers are now just shy of the 438,500 tonne level, and back to where they were in mid-October. After briefly falling below the level nickel started the year at, we are now well over that starting level. Three more days like the past few and we could be knocking on record territory again.
  • Average price of cash nickel so far this month - $3.96/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 revives on short-covering; focus on Fed - 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 Fastener Imports and Exports for Jan.-Oct. 2015 - more

     Morgan Stanley Bets Metal Losers of 2015 to Shine Next Year - Nickel, copper and zinc, the three base metals that have posted the steepest declines in 2015, were chosen by Morgan Stanley as its top picks heading into next year. - more

    Negotiations on CR Austenitic Stainless Sheets before Chinese New Year = Mills are watching customers' moves = Negotiations for shipment of the latter half of January are going to start towards the Chinese New Year, and the Japanese mills are watching customers' attitude. As the nickel price has plunged again to the level of $3 per pound, they are watching whether customers will request a decrease in prices by $50 or so. - more

    Shipments Decline Slows Slightly in November - Shipments declined from 2014 levels in November for both steel and aluminum in the United States and Canada at somewhat slower rates than last month. Inventory positions deteriorated again for both metals in both countries. - more

    Russia's stainless steel imports decreased 4.6% - According to SpetsStal's appraisal, the volume of Russian stainless steel import in October 2015, compared with September, decreased by 4.6% to 24,759 tons. - more

    New Caledonia to export more nickel ore - The New Caledonian government has authorized the company MKM to export low-grade nickel ore to Japan and Australia. - more

    Glencore's Announcement Shows FeCr Production in 2016 Is 1.6 Mil. Tons = Nickel production volume is expected to be 116,000 tons = On December 10, Glencore plc announced its forecast about production in 2016, which shows the production volume by using its own raw materials is ferro-chrome being 1.6 million tons, +/- 25,000 tons and nickel being 116,000 tons, +/- 4,000 tons. - more

    Clive Palmer's cash-strapped Qld Nickel goes to court - Queensland Nickel may be down to its last few millions and close to closure but owner Clive Palmer still has enough money to pay lawyers. - 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, December 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.99/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME approved warehouses rose by over a staggering 14,500 tonnes on Monday and now total just over the 423,500 tonne level. Based on the sudden surge in stockpile numbers, we estimate much of this stock is some of the 'cancelled warrants' we have seen over the past months, now being put back into stockpile numbers, as traders square their books for year end. We are now only 300 tonnes below where stockpile numbers started November. Cancelled warrants fell below the 40% level yesterday for the first time since mid September, about the time LME stockpile numbers started falling on a consistent basis. In other words - a drop in nickel stockpile numbers does not always mean the nickel is being actually used and in many cases is moved to a warehouse by a trader and sold back when prices trade higher. That gamble has not paid off this year.
  • Average price of cash nickel so far this month - $3.97/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper falls as caution prevails ahead of Fed meeting - 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
  • (Twitter) Commerzbank says sees nickel at $9,900/T for 2016, $12,300/T in 2017
  • Rio CEO Says Iron Ore Rivals `Hanging on by Their Fingernails' - more
  • Being Clive Palmer - more

    Too much nickel being produced, analysts warn - As much as 70 per cent of global nickel output is unprofitable, the chief executive officer Glencore says, amid calls to slash production. - more

    New Caledonia seeks Clive Palmer escape over nickel sales - Nickel mining companies in New Caledonia are desperately trying to develop export markets to China for fear the main buyer of their ore, Clive Palmer’s Townsville smelter, could shut. - more

    Bindura Nickel Corporation plans to further reduce its workforce by 350 workers as the company continues with a restructuring .... - more

    S. African Charge Chrome Price for Europe in Jan-Mar Down by US Cents 12 - On December 9, Merafe Resources Limited, South Africa, a joint venture partner for Glencore -Merafe Chrome Venture announced on its home page that the benchmark price of South African charge chrome meant for Europe for shipments from January to March in 2016 was settled at US Cents 92.0 per lb. - more

    Courtesy AISI - In the week ending December 12, 2015, domestic raw steel production was 1,536,000 net tons while the capability utilization rate was 64.2 percent. Production was 1,795,000 net tons in the week ending December 12, 2014 while the capability utilization then was 74.6 percent. The current week production represents a 14.4 percent decrease from the same period in the previous year. Production for the week ending December 12, 2015 is down 1.1 percent from the previous week ending December 5, 2015 when production was 1,553,000 net tons and the rate of capability utilization was 65.0 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, December 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.95/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses rose for the third consecutive session on Friday and now total just over the 409,000 tonne level. This is the first three day gain stretch we have seen since the first week of October and two of the three gains recorded, have been over 6000 tonnes each,. putting stockpile numbers above where they started the month. SMM is recording nickel ore inventories held at six major Chinese ports rose 50,000 tonnes last week to total 9.92 million tonnes. The reversal in the slide in LME stockpile numbers is interesting and we are entering another period where demand is dropping below production numbers - or if there is another reason.
  • Average price of cash nickel so far this month - $3.98/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper eases from two-week high as dollar firms - more

  Reports

  • Damstahl Stainless Steel Report - December 2015 - pdf here
  • Nickel Magazine December 2015 - 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
  • U.S. Cutting Tool Consumption Down From 2014, Up From September - more

    Australia's Independence Group sees high-cost nickel miners exiting - Nickel miners are under mounting pressures to reduce production as falling prices have resulted in about half the global sector losing money, Australia's Independence Group said. - more

    Glencore may shut Murrin Murrin nickel mine in WA - Swiss miner Glencore says it might close more Australian mines if weak commodity prices persist, with the Murrin Murrin nickel mine in Western Australia the next probable candidate.- more

     New Caledonia could suffer if Queensland smelter shuts - New Caledonia's president last month warned Australian MP and businessman, Clive Palmer, there could be unrest in the French territory if he shuts down his Townsville nickel smelter. - more

  • Clive Palmer told if nickel smelter closes there will be violence in New Caledonia - more
  • Qld treasurer shuns Palmer bailout - more

    Prices of CR Austenitic Stainless Sheets in Asia Reach Bottom As Expected - The Japanese cold-rolled (CR) stainless steel mills show a growing awareness that prices of CR austenitic stainless sheets have reached a bottom in the East Asian region. - more

    Independence still bullish on Nova - Independence Group has no concerns the parlous state of global nickel markets will impact on its Nova nickel project, with the company flagging a material improvement in anticipated operating costs this morning. - more

    In a hole - Commodity busts have left more of a mark on the barren mining region of northern Chile than the booms that preceded them. - 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, December 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.96/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.06/lb , as nickel is unable to climb over the $4/lb range for a third day. Stockpiles of nickel stored in LME approved warehouses rose by 6,600 tonnes on Wednesday, and now total just under the 399,900 tonne level. Nickel has once again surrendered the $4/lb level, and is getting no help from a weak Euro. The future of some operating nickel mines is starting to come into question, as some began to inquire. Our next update will be Monday, the 14th. Have a safe and relaxing weekend!
  • Average price of cash nickel so far this month - $4.00/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 - Aluminium down on caution over output cuts, firm dollar - 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
  • Glencore Plans Bigger Debt Reduction as Commodity Prices Slide - more
  • 2015 El Niño near its peak - more

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

    Ni SUS Scrap Purchase Price in December Starts with around JPY125,000 = Cheap Ni price continues, but price cut is difficult due to procurement of spot goods = The purchase price for nickel-containing stainless steel scrap (SABOT) in December by the stainless steel mills in the Kanto area started with JPY120,000 - JPY125,000 per ton (delivered at factory), down by JPY0 - JPY5,000 from early November. - more

    Chinese steel dumping threatens sector recovery in Europe, US - European and US steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge: Chinese dumping.- more

    Glasenberg renews call for loss makers to shut - Glencore CEO, Ivan Glasenberg, returned to a favourite theme in questions during the firm's investor update today saying he "... did not understand" why rival miners kept loss-making assets open. - more

    Clive Palmer denies Queensland Nickel refinery bail-out plea, asks State Government to go guarantor - Clive Palmer has insisted he is not seeking a Queensland Government bail-out for his Townsville nickel refinery. - more

  • Clive bites back at 'misinformation' on nickel refinery cash - more

    Russia's stainless steel exports in October 2015 - According to an estimate by SpetsStal Association, the volume of Russian stainless steel exports in October 2015, compared to the previous month, decreased 19.7% to 350 tons. - more

    Commodities Buzz: - Sherritt's nickel output climbs at Ambatovy JV Canada's Sherritt International Corporation said the nickel output for the Ambatovy Joint Venture totaled 4,006 tons (100% basis) in November, climbing by 3.6% compared to the last month. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, December 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.93/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 393,200 tonne level. Nickel went into a dive yesterday, after our morning update was posted, but on news Anglo American was laying off 85,000 workers, the trading price began to recover. Base metals also shadowed crude oil yesterday, which fell to its lowest since 2009, before recovering. Oil is back above $38 a barrel, and nickel is climbing back toward the $4/lb level.
  • Average price of cash nickel so far this month - $4.01/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper holds ground amid poor China data, export tax moves - 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 export tax cuts could worsen global steel, chemical gluts - more
  • If It Owns a Well or a Mine, It’s Probably in Trouble - more

    Anglo American to cut 85,000 mining jobs worldwide as part of restructure, four Australian mines remain for sale - Global miner Anglo American says four coal mines in Australia remain up for sale as the company restructures its operations around the world. - more

    Clive Palmer: Queensland Nickel ordered to stand trial for alleged environmental breaches - Clive Palmer's troubled refinery Queensland Nickel is facing further problems with a magistrate today ordering the company to stand trial for alleged breaches of environmental regulations. - more

  • How do you sleep at night, nickel worker’s wife asks Clive Palmer - more

    Vale confirms it will be going underground at Voisey’s Bay - Brazilian-based mining company Vale confirmed in August that it has sanctioned the construction of an underground nickel mine at Voisey’s Bay in Labrador. - 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, December 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.98/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower, after nickel fell below the psychological support level of $4/lb yesterday. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 394,000 tonne level. Cancelled warrants continue to run in the lower 40% range. Potential mine and refinery closures dominate the market news today, as the low price of traded nickel continues to take a toll.    
  • Average price of cash nickel so far this month - $4.03/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper steadies as China imports more copper - 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
  • Commodity crunch leaves miners gasping for air - more

    China ramps up commodity exports as domestic glut grows - Chinese commodity producers struggling with excess output and hurt by sinking prices looked abroad at a record rate last month to find markets for products including aluminium, refined fuels and steel, data showed on Tuesday. - more

    Qld nickel refinery 'in state govt hands' - The future of Clive Palmer's north Queensland nickel refinery rests in the hands of the state government, his company says. - more

  • Mining magnate Palmer seeks government support to save nickel plant - more
  • Palmer avoids nickel refinery questions - more
  • Nickel closure 'will be Clive's fault' - more

    New Caledonia nickel plant closure denied - The French mining concern Eramet has rejected reports that its subsidiary SLN is about to quit New Caledonia. - more

    Minmetals to take over China's MCC part of state reform - govt - State-owned China Minmetals Corp will absorb state-run China Metallurgical Group Corp as part of the country's restructuring of its state enterprises, according to a government statement on Tuesday. - more

     Yildirim Group Invokes Force Majeure Due to Fire at Tikhvin Plant = Plant will be shut down for 6 months, and loss of production will be 30,000 tons = A fire occurred at Tikhvin Ferro Alloy Plant in Russia owned by a Turkey's major firm, Yildirim Group on November 26. - more

    Courtesy AISI - In the week ending December 5, 2015, domestic raw steel production was 1,553,000 net tons while the capability utilization rate was 65.0 percent. Production was 1,812,000 net tons in the week ending December 5, 2014 while the capability utilization then was 75.3 percent. The current week production represents a 14.3 percent decrease from the same period in the previous year. Production for the week ending December 5, 2015 is up 4.4 percent from the previous week ending November 28, 2015 when production was 1,487,000 net tons and the rate of capability utilization was 62.2 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, December 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.08/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Friday and now total just over the 394,650 tonne level. Shanghai Metals Market reports nickel ore stockpiles held at six major Chinese ports fell by 180,000 tonnes last week and now total 9.87 million tonnes. After falling back below $4/lb last Thursday, nickel has bounced back over that level, and showing some staying power.... at least for today.
  • Average price of cash nickel so far this month - $4.02/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper near 1-week top as shorts rush to cover - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Desjardins 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
  • Iron Ore Drops Below $40 per Ton for First Time Since at Least 2009 - more
  • Losses rise for Chinese steelmakers as demand continues to wane - more

    Billionaire Palmer steps up fight with China's CITIC amid nickel slump - Officials in Australia's Queensland state are prepared to step in to help protect jobs at a nickel refinery if needed, but called on its owner, mining magnate and politician Clive Palmer, to be open about the refinery's financial position. - more

  • Judge dismisses bid for Clive Palmer-owned Queensland Nickel to be paid royalties by Chinese partner CITIC - more

    $1,500 CFR of HR Austenitic Stainless Sheets Appear for Asia - According to information obtained by a source, China's Qingshan Iron & Steel seems to have offered its price of hot-rolled (HR) austenitic stainless steel sheets at $1,500 CFR for Asia. - more

    Drop in nickel price worries firm - Ramu NiCo Management Ltd, the operator of the Ramu nickel mining in the Madang, says it is gravely concerned about the continuous drop in nickel price in the world market. - more

    Now that big miners accept reality of low commodity prices, will dividend cuts, asset sales and closures follow? - It may seem like stating the obvious, but top miners BHP Billiton and Rio Tinto have said recently that they expect commodities prices to remain subdued. - more

    Why the Chinese metal production cuts won't work: Andy Home - The last few days have brought a string of cutback announcements by Chinese metals producers. - 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, December 3

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.04/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.08/lb lower, and after an initial morning plunge, hasn't done much sense. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under the 401,000 tonne level. If withdrawals continue at the rate they have been, then stockpile numbers will fall below the 400,000 tonne level tomorrow, for the first time since November 2014. Nickel continues to see saw around the $4/lb level. Our next update will be on Monday the 7th, so have a relaxing and enjoyable weekend.  
  • Average price of cash nickel so far this month - $4.01/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 slips to one-week low on China demand, dollar headwinds - 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
  • After Yellen's teaser comes Draghi the easer - more

    Nickel's caught in a vicious circle but who's to blame? Andy Home - Even within the bombed-out landscape that is the industrial metals sector right now nickel is something of a stand-out. - more

    Brazil asks court to uphold closure of Vale Amazon nickel mine - Brazil's attorney general has asked the supreme court to uphold the closure of Brazilian mining company Vale SA's Onça Puma nickel mine for allegedly failing to meet the terms of its environmental license, the prosecutor said on Wednesday. - more

    New ISSF website - Experience shows that concrete structures like bridges and piers can require expensive renewal and maintenance after only a few decades of use. - more

    Press Release - For the month of December 2015, North American Stainless will lower the fuel surcharge to 18% for stainless flat and long products. The surcharge rate is considered a maximum level for December and will be reviewed monthly. - 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, December 2

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.11/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 403,230 tonne level. Today is the first time in 2015, that LME nickel stockpile numbers have fallen below where they were one year ago. On Dec 2, 2014 stockpiles rose to 405,570 tonnes. Nickel has climbed above the $4/lb level and so far, are holding on.
  • Average price of cash nickel so far this month - $4.01/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper drops on bleak demand view, short covering risk seen - 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 Seeks to Support Metals Prices… With a Really Bad Idea - Rumors abounded late last week about a really bad idea that the China Nonferrous Metals Industry Association suggested the state is planning. - more

     Vale's Onca Puma ferro-nickel plant operates through court-ordered mine closure - Brazilian miner Vale is operating a nickel processing plant at the Onca Puma project, an Amazon mine where a court has ordered mining activities halted, the company's nonferrous metals chief told Reuters on Tuesday. - more

    Vale expects Goro nickel mine output to rise 50 pct in 2016 - Brazilian miner Vale SA expects a 50 percent increase in output from its Goro New Caledonia Nickel project in 2016, non-ferrous metals chief Jennifer Maki said at an investor conference at the New York Stock Exchange on Tuesday. - more

  • Uncertainty dogs New Caledonia nickel sector - There are conflicting reports about the immediate future of the seven-billion US dollar Vale nickel plant at Goro in New Caledonia. - more

    Townsville Mayor seeks urgent meeting with Treasurer over Queensland Nickel refinery - Townsville Mayor Jenny Hill has demanded that Clive Palmer's Queensland Nickel (QNI) "come clean with government" and open its books as she begged the state Treasurer to save the town's struggling nickel refinery. - 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, December 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.02/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 405,250 tonne level. The Euro is higher this morning, but nickel has been unable to find any benefit yet today.
  • Average price of cash nickel so far this month - $4.19/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 as dollar drops but China data points to downtrend - 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

    2016 Forecast To Be Another Downbeat Year For Stainless Steel - The outlook for the global stainless steel market is disappointing, as purchasing activity remains weak and transaction values continue to slide. - more

    Negotiations on CR Austenitic Stainless Sheets for Jan Shipt = The Japanese mills are just waiting watchfully = The Japanese mills of cold-rolled (CR) austenitic stainless steel sheets had proceeded with negotiations on CR sheets for January shipment next year but as the nickel price is falling to the level of $3 per pound, they have suspended negotiations and have adopted a wait-and-see attitude. In the Chinese market, the price of CR austenitic stainless sheets is 11,750 CNY ($1,865, including tax), which dipped below $1,600 in dollar equivalent and excluding tax to $1,594. - more

    In Rubble of Commodity Super-Cycle, Citigroup Picks Winners - There’s still money to be made from investing in commodities, according to Citigroup Inc. - more

    Palmer firm demands $48m urgently - Clive Palmer’s Queensland nickel business faces dire consequences if a demand for $48 million from his estranged Chinese business partners is not met by the end of the week, the Supreme Court has heard. - more

    Bindura posts US$4 mln H1 loss - Bindura Nickel Corporation has reported an operating loss of US$4 million for the six months to June compared to a profit of US$12,5 million on weakening revenue. - more

    Copper, Nickel Prices Drop Further Despite China’s Production Cut Plans - On Monday, copper and nickel prices fell down as impact of rising dollar outweighs production cutbacks by the Chinese leading metal producers. China is the world’s leading producer of refined metal but due to consistent fall in the commodities prices, the country decided to cut its production of copper and nickel to counter the falling prices. - more

    Minnesota’s permit for Northshore mine expansion riles tribes, environmental groups - Tribal and environmental groups say the state’s plan to allow expansion of a taconite mine raises the same concerns as the prospect of copper-nickel mining in northeastern Minnesota. - 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

November Archives


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