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Friday, January 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.77/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.01/lb higher, with other London trade base metals trading slightly higher as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Thursday and now total 426,240 tonnes.  Since today is the last stock reporting day by LME, they recorded a gain of 13,092 tonnes over the 21 reporting days of January. This compares to a gain of 8,652 during the 21 reporting days in December. Nickel remains rangebound, unable to punch thru minor resistance earlier. China PMI numbers will be released this weekend and we will see how the base metals react next week. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.70/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Heads for Worst January in 27 Years Before China PMI - more
  • Reuters metals morning - Copper, aluminium rise after upbeat European retail data - more

  Reports

  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index -
  • 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
  • 100 Years of Stainless Steel - more
  • (SSY) Daily crude steel production at China Iron and Steel Association (CISA) member mills fell to 1.69 Mt in the period 11-20 January, down from 1.79 in the first 10 days of the month, according to data from the industry association reported by SteelFirst. This is the lowest daily total since mid-November when output was 1.64 Mt.

    Metals poll shows even the losers can be winners: Andy Home - Copper emerges as the apparent bear stand-out in the latest Reuters poll of base metals analysts. - more  

    Philippines' Global Ferronickel targets 11 pct rise in ore exports - Global Ferronickel Holdings Inc , the Philippines' No. 3 nickel producer, said on Friday it aims to increase ore exports this year by up to 11 percent to 7 million wet metric tonnes, mostly intended for Chinese customers. - more

    Norilsk Nickel faces Arctic prices challenge - Russia’s financial crisis is posing a stark challenge to the country’s largest mining company. - more

    The Philippines Leads the World in Nickel Production - Since 2011, there has been an unprecedented nickel mining production boom in the Philippines, outgrowing traditionally large nickel producing countries such as Australia, Indonesia and Russia. - more

    China steel industry struggles - Although China's steelmakers saw a big rise in profits last year, the industry still has overcapacity problems that have dragged prices to record lows. - more

    The pros and cons of China's irrational exuberance - Call it irrational exuberance with Chinese characteristics. In August last year, a fascinating campaign unfolded in the state-run media, prodding citizens to pile into stocks. - 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, January 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.78/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.08/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses returned to setting all time record highs on Wednesday and started today's session at 425,562 tonnes. Not much news to report today. The US Fed leaving potential interest rate hikes on the table for later this year, has turned traders attention back to Europe, and the return of little Greece to the headlines.  Nickel remains rangebound.   
  • Average price of cash nickel so far this month - $6.70/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Falls, Near Five-Year Low, as Fed Signals Tighter Policy - more
  • Reuters metals morning - Copper, nickel down after Fed meeting, inventories rise - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index -
  • 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
  • 100 Years of Stainless Steel - more
  • (MB) Yunnan Tiangao Nickel Company Limited announced to halt production by the end of February due to high nickel ore purchasing price and poor profitability.

    Vale plans multiyear investment - After a contract amendment in October last year, PT Vale Indonesia is gearing up for business expansion with the nickel mining company preparing multiyear capital expenditure amounting to US$4 billion. - 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, January 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $6.70/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.11/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses fell slightly for a second day and now total just over the 423,700 tonne level. Base metals are trading higher this morning, with traders watching to see what the US Fed has to say, as it rounds up a two day meeting. Few expecting any change in policy, with any move to increase the interest rate to be muted by uncertain economic signals elsewhere in the world. The analysts are starting to update their commodity forecasts, with nickel futures still favorable, and deficits still being forecast. For now, look to $7/lb to offer strong resistance.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Rallies With Zinc Before Fed Meeting on Interest Rates - more
  • Reuters metals morning - Copper edges higher ahead of Fed meeting - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - $6.70/lb
  • 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
  • 100 Years of Stainless Steel - more
  • Malcolm Freeman with Kingdom Futures  - “The general feeling is that a bottom has started to form in the market and, if it breaks through the overhead resistance at $15,200, it will rally sharply. In addition to this, nickel is now divorcing itself from moving hand-in-hand with all the metals and reacting to its own fundamentals.”
  • Global Economic Outlook: 1st Quarter 2015 - pdf here

    Goldman Sees Commodities as Worst Pick Before Year-End Rally - Commodities will lag behind equities, bonds and credit markets over the next three months before a rebound in oil sparks a recovery, according to Goldman Sachs Group Inc.  - more

    Zinc and nickel price upside 'imminent': Clarus - There has been a lot of bullish talk in the metals community about zinc and nickel over the past couple of years, as many insiders believe those commodities are poised for a rally. You can include Clarus Securities analyst Mike Bandrowski in that group. - more

    China's December nickel ore, conc imports fall 62% on year to 2.48 million mt - China's imports of nickel ores and concentrates fell 61.7% year on year and 13.3% month on month to 2.48 million mt in December, latest data from the General Administration of Customs showed Tuesday, January 27. - more

    (Press Release) For the month of February 2015, North American Stainless will reduce the fuel surcharge to 23% for stainless flat and long products. The surcharge rate is considered a maximum level for February and will be reviewed monthly.

    Indonesia's export of processed-mineral to rise - As many as 12 smelters to process or smelt raw mining products are forecast to kick off operation or finish on its construction this year, which is expected to increase the country's export of processed minerals, an official said on Wednesday. - 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, January 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $6.69/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.03/lb lower, with other London traded base metals trading mostly lower. Stockpiles of nickel stored in LME approved warehouses fell slightly from record levels yesterday, and now total just over the 424,100 tonne level. Nickel bounced yesterday, but continues to trade within the $6.50/lb to $7.00/lb range. There is little reason to believe that will change anytime soon, with China shutting down for their week long New Year festivities in just a few weeks.
  • Average price of cash nickel so far this month - $6.70/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Falls, Near 5-Year Low as China’s Industrial Profits Slow - more
  • Reuters metals morning - Copper slips back near 5-1/2 year lows on China worries - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.01
  • 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
  • 100 Years of Stainless Steel - more
  • (EM) Reuters reports that Chinese bonded premiums for nickel are climbing and are now up $10 to $85, the highest since June, a sign that stainless steel makers may be stocking up
  • (SMM) Jinchuan Group Raises nickel prices 2,300 yuan to 107,000 yuan on Jan. 27
  • World Bank Growth Forecast Downgrade Drags Down Metal Prices - more

    Has China's base metals import appetite peaked?: Andy Home - Not so very long ago base metals bulls marched to the beat of the monthly release of China's trade figures.- more

    China's December nickel ore, conc imports fall 62% on year to 2.48 million mt - China's imports of nickel ores and concentrates fell 61.7% year on year and 13.3% month on month to 2.48 million mt in December, latest data from the General Administration of Customs showed Tuesday, January 27. - more

    Solomons nickel mine on track for production - The Australian miner Axiom says its nickel mine subsidiary development in Solomon Islands, Axiom KB, is on track for production to begin at the end of the year. - more

    China commodity trade data show winners are scarce: Russell - China's detailed commodity trade figures for 2014 do much to confirm that the trend has changed to higher import volumes being dependent on lower commodity prices, but there are a few notable exceptions. - more

    Courtesy AISI - In the week ending January 24, 2015, domestic raw steel production was 1,825,000 net tons while the capability utilization rate was 75.9 percent. Production was 1,824,000 net tons in the week ending January 24, 2014, while the capability utilization then was 75.8 percent. The current week production represents a 0.1 percent increase from the same period in the previous year. Production for the week ending January 24, 2015 is up 1.1 percent from the previous week ending January 17, 2015 when production was 1,806,000 net tons and the rate of capability utilization was 75.1 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, January 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $6.51/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.10/lb higher, with other London traded base metals trading mostly higher as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Friday and started the week at 424,344 tonnes. Shanghai Metal Markets report nickel ore stockpiles at five major ports fell for the tenth consecutive week, and now total around 12.45 million tonnes. This is down for 15.65 million tonnes the first week of November 2014. Nickel traded uncomfortably close to its $6.50/lb floor on Friday and the $6.46/lb support level, but has rebounded today. The markets have become somewhat numb to the record breaking stockpiles of nickel but the growth in LME numbers this month is something few were expecting. It could be argued that the growth rates had fallen over the past few months fo 2014, and it was starting to look like some of the deficit predictions for 2015 could be proven true right off the bat. But the growth rate this month has resumed its staggering pace.
  • Average price of cash nickel so far this month - $6.71/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Drops a Third Day, Lowest Since 2009 After Greek Election - more
  • Reuters metals morning - Copper hits 5-1/2-year low on demand concerns, Greek poll - more

  Reports

  • Oryx Stainless - Industrial metals between the fronts - pdf here
  • The Dig – Haywood Mining Team’s week in review - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 76.99
  • 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
  • 100 Years of Stainless Steel - more
  • SP Angel - Nickel - $14,500/t 2015, $15,000/t 2016, $16,000/t L-T. we cut this years’ forecast from last years $15,500/t estimate despite our forecast deficit in the metal. The price should still perform well from current levels.
  • (SMM) Jinchuan Group Slashes nickel prices 3,300 yuan to 104,700 yuan on Jan. 26
  • WLI Growth Virtually Unchanged from 154-wk Low - more
  • China's coal production sees first drop since 2000 - more

    Goldman Sachs slashes base metal price forecasts, ups gold - Goldman Sachs Group Inc on Friday slashed its 2015 price forecasts for several base metals including copper and aluminium while raising its estimate for gold by $62 per ounce. - more

    China's 10 nonferrous metal output up 7.2% in 2014 - The combined output of the ten nonferrous metals rose 7.2% year on year to 44.17 million ton in 2014, according to the latest statistics released by the Ministry of Industry and Information Technology. - more

    Negotiations on CR Austenitic Stainless Sheets in Asia Not Lackluster at All - The Japanese mills are proceeding with negotiations on cold-rolled (CR) austenitic stainless steel sheets for Asia for shipments of February and March across the Chinese New Year holiday, which are in a state to be lackluster at all. It is because the number of inquiries is few and it is in a state to be difficult to conclude contracts as even in negotiations with customers having a long-term business relationship, customers require big price reductions. - more

    SUS Mills to Lower Purchase Price of Ni SUS Scrap by JPY5,000 - 10,000 = Traders' price of export-oriented cargoes remains unchanged = Japanese Stainless Steel mills lowered their purchase prices of nickel-containing stainless steel scrap (SABOT) by JPY5,000 - JPY10,000 per ton on January 20. In addition to many mills having production adjustment, the weak nickel price and fluctuation in the foreign exchange are working as factors for a price fall. - more

    China steelmakers bring forward maintenance, try to dent oversupply - Chinese steelmakers are bringing forward plant maintenance as they look to curb oversupply that helped knock nearly a third off prices last year in the world's top producer of the alloy, industry sources said. - more

    Iron Ore Extends Rout as China Slows, Banks Reduce Forecasts - Iron ore retreated to the lowest level in more than five years as a slowdown in China hurt the outlook for demand in the world’s biggest user while the largest mining companies add to supply, boosting a surplus. - more

    BNC extends cash raising period - Mwana Africa investor relations executive Caroline Mathonsi said the process of raising funds is continuing until February 27 after it was initially supposed to close on January 23. - 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, January 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.72/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.13/lb lower, with other London traded based metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Thursday, and after a gain of 5,136 tonnes over the last four trading sessions, stockpiles total 423,036 tonnes. They totaled 261,900 tonnes this day last year. Another interesting fact might be the entire gain in nickel stockpiles for this month last year totaled 5,070 tonnes. We are already up 8,136 tonnes this month. If the European stimulus announcement will prove positive for base metals, it has yet to show, with the announcement sending the Euro south, which in turn is putting negative pressure on base metal trading. We are still trading in the $6.50 to $7/lb range with LME stockpile numbers keeping potential China nickel ore shortages in check. Have a  safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.72/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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 drops, on track for sixth week of falls - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.64
  • 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
  • 100 Years of Stainless Steel - more
  • (Yieh) According to report of World Bureau of Metal Statistics (WBMS), the global nickel supply was in a surplus of 169,000 tons in the first eleven months of 2014. In 2013, the global nickel supply was in a surplus of 186,700 tons.
  • China Nickel Imports and Exports Data December 2014 - more
  • China's annual steel consumption drops for first time in three decades - more
  • Australia Wins Iron Ore Market Share in China as Mines Shut - more
  • China PMI shows January factory growth stalls, fans worries over deflation - more

    China Nickel Ore Imports Fall to Four-Year Low on Indonesia Ban - Imports of nickel ore by China, the world’s largest consumer of industrial metals, slumped to the lowest in four years as an Indonesian ban on unprocessed minerals tightened global supply. - more

    World crude steel output increases by 1.2% in 2014 - World crude steel production reached 1,662 million tonnes (Mt) for the year 2014, up by 1.2% compared to 2013. - more

    Russia's Norilsk Nickel Says Weak Ruble Helps Offset Fall in Metals Prices - Falling metal prices are being more than offset by the ruble slide, allowing Russia's Norilsk Nickel to maintain margins despite lower foreign currency earnings, its chief executive said. - more

    China's bonded nickel premiums surge on creeping shortage - Premiums for bonded nickel in China have surged in January, an early warning signal of a shortage in raw feed for China's vast stainless steel industry. - more

    Weak Growth & Indonesia’s Export Ban Curb China’s Nickel Ore Imports - Official data show that in 2014 China, the world’s largest consumer of industrial metals, imported the lowest amount of nickel ore since 2010. Apart from slowing economic growth in the world’s second-largest economy (China’s economic expansion having eased to 7.4 percent year-on-year in 2014), falling nickel ore imports are also caused by Indonesia’s ban on exports of unprocessed minerals (implemented in January 2014) and monsoon rains in the Philippines (limiting production and seaborne trade). - more

    Talvivaara to seek new state bailout - Bankrupt mining firm Talvivaara Sotkamo might need another bailout from the government. - more

    U.S. Trade Balance for Molybdenum in January - November = Overseas outsourced production is up from year-earlier period = According to the calculation of pure molybdenum equivalence based on the statistics released by the U. S. Department of Commerce, the export volume in the period from January to November in 2014 was 652.3 million lbs (up by 23.7% from the year-earlier period), and the import volume was 380.9 million lbs (up by 19.9% 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, January 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.83/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.14/lb lower, with other London traded base metals mostly lower as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Wednesday and now total 421,842 tonnes. The Euro is trading higher this morning on the market betting on a huge stimulus program being announced by ECB President Mario Draghi later today. This si not helping nickel much, which is having a heard time finding solid footing under the shadow of stockpiles that will not stop breaking records. Nickel appears to have settled into the $6.50/lb and $7.00/lb trading range for the time being.
  • Average price of cash nickel so far this month - $6.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Falls From Week-High Before European Stimulus Decision - more
  • Reuters metals morning - Copper down as consumers stand back, inventories rise - more

  Reports

  • AK Steel February Stainless Steel Surcharge - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.62
  • 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
  • 100 Years of Stainless Steel - more
  • (MB) China refined nickel imports down 18.96pc in November 2014

    Press release - For the month of January 2015, North American Stainless will reduce the fuel surcharge to 27% for stainless flat and long products. The surcharge rate is considered a maximum level for January and will be reviewed monthly.

    China's output of copper, aluminium hits record in Dec - Refined nickel production rose 6.4 percent in December from the previous month to 34,949 tonnes, the highest since January 2013, data showed. Output in 2014 surged 27 percent to 353,599 tonnes. - more

    Norilsk Nickel's Upgraded Plant Starts Operations in Russian Arctic - Russia's Norilsk Nickel, the world's largest nickel and palladium miner, has started pilot operations at its Arctic-based Talnakh concentrator plant after the first stage of an upgrade to improve productivity. - more

  • Russia's Norilsk Nickel starts Arctic plant after first upgrade - more

    Iron Ore Declines to 2009-Low as Steel Mills Seen Cutting Output - Iron ore declined to the lowest level in more than five years amid speculation that mills in China will reduce steel output in the runup to a holiday next month, curbing demand from the biggest user and worsening a glut. - more

    China ferrochrome: Domestic spot price higher on supply tightness - The domestic spot price of 50% Cr Chinese high-carbon ferrochrome on Wednesday, January 21, was assessed at Yuan 6,400-6,500/mt (equivalent to 78-79 cents/lb), including 17% VAT and delivery, up from Yuan 6,350-6,500/mt a week ago amid supply tightness. - more

    Import Duty Rates on FA and Ni after Japan-Australia EPA Becomes Effective - The Economic Partnership Agreement (EPA) between Japan and Australia became effective on January 15. Accordingly, the new import duty rates on ferroalloys of Australian origin and nickel are as shown in the table below. - more

    BHP’s Spinoff Offers Glencore an Alternative to Rio: Real M&A - Rebuffed by Rio Tinto Group (RIO) last year, Glencore Plc (GLEN) will soon have another acquisition target to consider for expanding its mining empire: the company formed from the biggest spinoff in the industry’s history. - more

    3 mining firms to pay Zambales farmers P3.2M - The Mines and Geosciences Bureau (MGB) ordered 3 mining firms in Zambales to pay P3.2 million ($72.36 million*) to compensate the farmers whose lots in the municipalities of Sta. Cruz and Candelaria have been damaged by their operations. - more

    Taiwan’s steel maker cuts prices on weak demand - Taiwan’s leading steel maker—China Steel Corp (CSC) on January 16 announced a deeper 2.27 percent price cut for its products to be shipped to local customers in March amid constant oversupply and weak demand, but the nation’s biggest steelmaker expects prices to rebound next quarter due to recovering demand from the US and China. - more

    This metal is so water-resistant that it bounces them off - If you think IPX8 grade waterproofing is already astounding, prepare to pick up your jaw after seeing this new metal etching technique. - 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, January 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $6.68/lb . Indicators at 6:40 am CST today show 3 month nickel trading flat, with other London traded base metals trading mixed and mostly quietly. Stockpiles of nickel stored in LME approved warehouses rose to a new record high on Tuesday and now total 419,964 tonnes. The support level of $6.46/lb has effectively held, but nickel is having a hard time finding momentum to climb much higher. China is still booming, although when you only grow 7%, instead of 10%, during the year, apparently that's bad. The US, who is finding it hard to believe things are that good, leads the world recovery and can only dream of a 7% growth. Europe has been, and continues to be, an economic mess. Russia has crawled back behind its wall, taking aggressive steps with it military, then crying they are being picked on when the world reacts negatively. Crude oil, which we have been told for years we were running out of, is now in surplus and prices are cratering. With all of this going on at once, we can forgive the analysts who are having a hard time forecasting where nickel prices might go in 2015. For now, record breaking stockpile growth is keeping the nickel bulls in check.
  • Average price of cash nickel so far this month - $6.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Zinc in London Climbs for Second Day Before U.S. Housing Data - more
  • Reuters metals morning - Copper edges lower, ECB policy meeting in focus - more

  Reports

  • Sucden Quarterly Metals Report - Jan 2015 - pdf here
  • Nickel Institute Imagine the world of nickel - video here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.50
  • 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
  • 100 Years of Stainless Steel - more
  • BHP Billiton Q2 production of key commodities - more

    Zinc and nickel price upside ‘imminent': Clarus - There has been a lot of bullish talk in the metals community about zinc and nickel over the past couple of years, as many insiders believe those commodities are poised for a rally. - more

    New Caledonia Nickel Plant Set To Resume Production - New Caledonia's Koniambo nickel plant is set to resume production after a spill last month shut down the plant. - more

    Should You Bet on a Nickel Rally in 2015? - Base metal, collectively, was weighed down by a series of lows in 2014. Even nickel, the best-performing entity in the segment last year, was a bit precarious in the third quarter, and managed only to resurge before the year reached conclusion. - more

    China's 2014 steel output grows at slowest rate since 1981 - China's steel production grew at its slowest rate in more than three decades in 2014 as a cooling economy in the world's largest producer curbed demand and the government moved to tackle overcapacity and pollution. - more

    Western Areas’ unit costs fall to lowest level in 3 years - Cost management has resulted in nickel miner Western Areas reporting its lowest quarterly unit costs of production since December 2011. - 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, January 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $6.56/lb . Indicators at 6:40 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 Monday and opened today's session totaling over the 418,000 tonne level. Base metals are trading higher this morning, even in the face of a weaker Euro. This could be because traders feel like they dodged a bullet with the Chinese GDP figures released today. While the slowest growth in a quarter century, the 7.3% that China reported for 2014, is very respectable and not nearly as low as some had forecast. The Euro will remain volatile, with all eyes on Greece's upcoming elections to be held on Sunday. US markets re-open today and futures show a strong opening possible.
  • Average price of cash nickel so far this month - $6.74/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Erases Earlier Gain as Investors Weigh China Data - more
  • Reuters metals morning - Copper steady as China data relieves market - more

  Reports

  • Sucden Metals Market Report - January 2015 - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.50
  • 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
  • 100 Years of Stainless Steel - more
  • N.A. Nickel has right to acquire Seqi port - more
  • El Nino Alert Abandoned as Australia Predicts Neutral Pacific - more
  • Tropical Pacific Ocean moves from El Niño to neutral - more
  • IMF trims forecast for China’s GDP growth, raises outlook for US - more
  • U.S. Fastener Imports and Exports in November - more

    Nickel Falls as Surplus Persists for Fifth Month; Copper Slips - Nickel fell for the first time in three days after data showed global output beat demand for a fifth month. - more

    Metals Activity Report December Results - U.S. service center shipments of both steel and aluminum were higher in December 2014 than in the prior year. - more

    Courtesy AISI - In the week ending January 17, 2015, domestic raw steel production was 1,806,000 net tons while the capability utilization rate was 75.1 percent. Production was 1,824,000 net tons in the week ending January 17, 2014, while the capability utilization then was 75.8 percent. The current week production represents a 1.0 percent decrease from the same period in the previous year. Production for the week ending January 17, 2015 is down 4.9 percent from the previous week ending January 10, 2015 when production was 1,899,000 net tons and the rate of capability utilization was 79.0 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, January 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $6.69/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.13/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses slipped on Friday and ended the week at 417,900 tonnes. Nickel appears to have no legs of its own at the moment and is caught up in the tide, following the general commodity price up and down. Today commodities are trading lower, as is nickel.
  • Average price of cash nickel so far this month - $6.76/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Rises Third Day on China Infrastructure Spending Increase - more
  • Reuters metals morning - Aluminium falls along with oil, copper flat ahead of China data - more

  Reports

  • The Dig – Haywood Mining Team’s week in review - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.52
  • 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
  • 100 Years of Stainless Steel - more
  • (Twitter) The global nickel market was in a 3,000 T surplus in Nov '14 compared with a 15,400 T surplus a year earlier - INSG
  • Indonesia state firms plan $2 billion of rights offers this year - more
  • Fitch Revises Norilsk Nickel's Outlook to Negative On Sovereign Downgrade - more
  • Port Hedland, Apache Evacuate Sites on Australia Cyclone - more
  • China stocks plunge 8pc amid crackdown on brokerages - more
  • (SSY) Chinese power consumption rose by 3.8% year-on-year to 5.523 trillion kWh in 2014, according to official data reported by Reuters.

    Nickel Falls as Surplus Persists for Fifth Month; Copper Slips - Nickel fell for the first time in three days after global production outpaced demand for a fifth month. - more

    Mining bill seen enacted this year -  The Trade Department expects the passage of a new mining law this year, which is expected to boost government revenues and open more mining projects. - more

    December Production from Ambatovy Nickel Project = Production volume in full year 2014 is 37,053 tons, close to the original schedule = Sherritt International Corporation, Canada has recently announced that the production volume of nickel from Ambatovy nickel project in Madagascar in December. - more

    Chinese ferromoly prices nosedive despite stable prices in global markets - Chinese domestic price for ferromolybdenum continued to fall over the first two weeks of 2015, while prices in Japan and Europe have held steady, market sources said Friday, January 16. - more

    RI-China joint venture to build smelter in S. Sulawesi - Nickel miner PT Huadi Nickel-Alloy Indonesia plans to kick off operation of a smelter in Bantaeng, South Sulawesi, which is slated to be the area’s first nickel-processing facility. - more

    Iron ore eyes 2nd weekly fall amid weak construction - Iron ore hovered not far above its weakest level in 5-1/2 years and was headed for a second consecutive weekly drop as a soft Chinese property market slowed construction activity, prompting steel producers to keep stockpiles of the raw material low. - more

    Chinese hedge funds in aggressive short-selling strategy in copper, other commodities - Chinese hedge funds, once again linked to a powerful sell-off in copper this week, were probably replaying an aggressive short-selling strategy they have also used to target iron ore and coal, according to industry 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

Friday, January 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.61/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb higher, with other London traded base metals trading mostly higher, with copper recently slipping. Stockpiles of nickel stored in LME approved warehouses rose on Thursday to another all time record high and now total 418,518 tonnes. Nickel is trading higher but not looking especially strong. Copper has been dragging the market behind it this week, and it recently went negative, so it will be interesting to see if nickel can hold onto its morning gains. Bloomberg is quoting the People's Bank of China reporting lending rose to a six month high in December. Any news that hints things might be getting better in China, will be welcomed by commodity traders. Right now, however, most eyes are on Europe. The market was already nervous about Greece's future intents, when it was blindsided by the Swiss National Bank on Wednesday. This uncertainty is damaging the outlook for commodities, and the impact on the Euro is hurting the trading value of commodities. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.78/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Rises a Second Day on Speculation Price Slumped Too Much - more
  • Reuters metals morning - Copper up for second day, still eyes biggest weekly fall since 2011 - more

  Reports

  • Supply Management Commodity prices January 2015 issue - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.52
  • 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
  • 100 Years of Stainless Steel - more
  • (FAN) South Africa top 7 ferrochrome producers in 2014 1 Glencore 2 Samancor 3 ASA Metals 4 Hernic 5 IFM SA 6 Assmang 7 Afarak
  • (SMM) NPI output in China is expected to reach 455,000 tonnes in Ni content in 2014, down 6% from 2013’s, Shanghai Metals Market data show.
  • We Are in a Lackluster Demand Environment: Gait - video here
  • (SSY) Chinese lending rose to a six-month high in December, data from the People's Bank of China quoted by Bloomberg show.
  • Chinese firm lands major mining deal - more

    China Nickel Buying Tempted by London Prices: Chart of the Day - China may swing back to being a net importer of refined nickel as benchmark prices in London dropped below those in Shanghai for the first time in almost three years. - more

    Miners in for volatile year but recovery trends are emerging - Miners are in for a volatile year in 2015, as the industry faces price volatility, geopolitical turmoil, rising costs and declining grades, advisory firm Deloitte has warned. - more

    First Quantum nickel mine still closed after chemical spill - First Quantum's nickel operation in Ravensthorpe remains closed one month after a chemical spill shut it down in December. - more

    Mincor surges on nickel discovery - Shares in Mincor Resources surged after the company announced drilling results which it said might indicate a new high-grade nickel discovery at its Cassini prospect in the Kambalda nickel district east of Perth. - more

    World's best mining dividend at risk in slump - Vale is forecast by analysts to cut its annual dividend by almost half, jeopardizing its status as the most generous major mining company as iron-ore prices plummet. - 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, January 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.48/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.13/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses gained only a few tonnes on Wednesday, but it was enough to set another all time record high level of 418,332 tonnes. Nickel closed below strong support of $6.62/lb for a second consecutive date, sending a negative technical signal. Having got caught up in the commodity rout yesterday, nickel is now tagging along for the general rebound that commodities are experiencing today. This is to be expected, as is the slight bump in cancelled warrants as buying interest resurfaces. The World Bank's downgrading of its global economic growth forecast for 2015 to 3% added fuel to yesterday's negative dive, but the surprise move by Switzerland to ditch the currency ceiling it had with the Euro, and the lower trading in the Euro today, is keeping the trading rebound in check. Technically speaking, nickel is sending negative signals.
  • Average price of cash nickel so far this month - $6.80/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Leads Industrial Metals Rebound After Slump to 5-Year Low - more
  • Reuters metals morning - Copper retraces some of slide, consumers pile in to hedge - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.52
  • 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
  • 100 Years of Stainless Steel - more
  • (SSY) Global steel prices continued to decline at the start of 2015 with the world export price for hot rolled band (HRB) falling $8/t from 22 December, to $494/t on 12 January, according to the latest World Steel Dynamics SteelBenchmarker. This is $69/t lower than the level at which it started in 2014.
  • (MP) China ferro-nickel imports down 11.96pc in November 2014
  • Seven charts that explain what's going on in the global economy right now - more
  • Third steel bolt breaks on Cheesegrater skyscraper - more

    Vale's nickel unit a good target for X2 but higher price needed - Vale's nickel business is a good target for former Xstrata CEO Mick Davis, but his reported offer price is probably too low, considering the Brazilian miner's stated interest in only selling a minority stake, analysts and banking sources said on Wednesday. - more

    Nickel Outlook for 2015: Competing Suppliers to Watch for Q1 - Last year, the Indonesian government followed through with its policy of banning iron ore exports to the rest of the world. - more

    SUS Mills' January Purchase Price for Ni SUS Scrap Unchanged = Domestic demand is weak, but purchase by Taiwan and China props up = In January, Japanese Stainless Steel mills started their purchase with prices of nickel-containing stainless steel scrap (SABOT) being JPY165,000 - JPY170,000 per ton (delivered at plant). - 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, January 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $6.58/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.14/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Tuesday, and now totals 418,320 tonnes. Wow! As difficult as it is to try an explain bull runs most of the time, explaining this bear market is equally difficult. Nickel fell below major support at $6.62/lb yesterday and is in danger of closing below it for a second time. $6.20/lb would be the next line of major support for technical traders to eye if the price continues its fall. Shanghai Metal Markets is blaming high stockpiles for the most recent price collapse, which doesn't make a lot of sense since we have been setting all time record highs since April 2013. We still say watch the trading price of the Euro and demand in China. The latter has lead the bull run for nickel in the 21st century, and there is no reason to believe that will change anytime soon.
  • Average price of cash nickel so far this month - $6.84/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Tumbles Most in Six Years Amid Commodity Collapse - more
  • Reuters metals morning - Copper hits lowest in 5-1/2 years on oil rout, economy prospects - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.73
  • 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
  • 100 Years of Stainless Steel - more
  • Glencore Plummets to Record as Copper Joins Commodity Rout - more
  • NFIB Small Business Economic Trends, December 2014 - more

    Ex-Xstrata CEO Davis Considering a Bid for Vale Nickel Assets - Former Xstrata Plc chief executive officer Mick Davis is considering a bid for the nickel business of Vale SA (VALE), the world’s top producer of the metal, according to people with knowledge of the situation.  - more

    NSSC's Prices of CR Austenitic Stainless Sheets for Jan Contracts = It raised those prices for distributors by 10,000 yen = Nippon Steel & Sumikin Stainless Steel (NSSC) released on 7th its domestic prices of cold-rolled (CR) austenitic stainless steel sheets and heavy and medium plates for January contracts to distributors. - more

    First Nickel reduces workforce by 45% at Sudbury mine - First Nickel says its Lockerby Mine in Sudbury is being restructured to reduce costs, increase exploration and extend the life of the mine. - more

    PPMAI urges Govt not to further hike import duty on stainless steel - Process Plant & Machinery Association of India (PPMAI) has written to Director General of Safeguard Duties not to impose any further duty on import of Cold Rolled Flat Products of Stainless Steel of 400 series in larger interest of the capital goods industry and the prevailing economic situation in the country. - more

    Global steel prices to gain from China's scrapping of export tax rebate - China's cancellation from January 1 of an export tax rebate on steel alloys that contain boron may provide support for international steel prices and prompt Russia to fight for market share in the trade, analysts said. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, January 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $6.87/lb . Indicators at 6:40 am CST today show 3 month nickel trading around .13/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to a new record high on Monday, and now totals 416,436 tonnes. The market is in serious risk of testing strong support of $6.62/lb again, the low trading point for latter 2014, and already tested once this month, and if that is breached, the next line of strong technical support is $6.21/lb, the lowest price point for all of 2014. The average price of $6.86/lb today is the first time we have seen the average below $7/lb since early march of last year. If commodity prices are the canary in the coal mine, then the world economy is heading into serious trouble. We don't really see any evidence of that happening, as economies around the world have become addicted and dependent on manipulation by their governments. There has been bets going on for well over a year now on when the US Fed might increase interest rates in the US. And considering their line in the sand keeps getting moved to insure they can justify their free money saturation, they have no motivation to do so. Thanks to lower oil prices, the fear their money manipulation could result in serious inflation, is lessened. For the future of nickel prices, watch the Euro value and the economy in China.  
  • Average price of cash nickel so far this month - $6.86/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Extends Drop to 5-Year Low as China Fails to Spur Rebound - more
  • Reuters metals morning - London copper tumbles to new five-year low; China funds sell - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 78.06
  • 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
  • 100 Years of Stainless Steel - more
  • (SSY) Daily steel production at Chinese steel mills fell to 2.239 Mt in the first ten days of January, down from 2.264 Mt in the last 11 days of December, according to China Iron and Steel Association data reported by Reuters.
  • (SMM) Jinchuan Group Cuts nickel prices 1,500 yuan to 109,500 yuan on Jan. 13
  • China’s Copper Imports Climb to Record as Slump Spurs Demand - more
  • Iron Ore Imports by China Advance to Record as Price Collapses - more
  • China’s Steel Exports Reach Record Before Tax Rebate Dropped - more

    ‘Stainless steel industry needs government support’ - Lower capacity utilisation and competition with Chinese imports is feared dent the country’s stainless steel industry, industry players have said. - more

    First Nickel to cut about 250 jobs at Sudbury mine - Ontario-focused miner First Nickel (FNI) plans to cut about 250 jobs at its flagship Lockerby nickel/copper mine, in the Sudbury basin, as part of a restructuring exercise aimed at reducing costs, increasing exploration and extending the mine life. - more

    Unforeseen Circumstances Could Rattle Up Nickel Forecasts in 2015 - Commodity analysts routinely spend the last couple of months of a year forecasting the movement of a whole range of agricultural and industrial commodities. - more

    Nickel Asia's ore shipments up more than a fourth in 2014 - Ore shipments by Nickel Asia Corp (NAC) increased by at least a quarter in 2014, as the company benefited from higher prices brought about by Indonesia's export ban of the mineral. - more

    China Wins From Commodity Slump as Collapse Spurs Imports - China is emerging a winner from the collapse in commodities prices to the lowest in 12 years as the world’s second-largest economy buys a record amount of raw materials. - more

    Tensions simmer in Zimbabwe as mining firms, workers differ on pay - Mineworkers in mineral-rich but struggling Zimbabwe may have to wait for a wage rise as the mining industry says it is beset with serious operational and cost challenges. - more

    China’s Virtue Dragon to Invest $5b in SE Sulawesi Ferronickel Smelter - A Chinese ferronickel producer, Virtue Dragon Nickel Industry, plans to invest up to $5 billion in Konawe industrial estate in Southeast Sulawesi province to build a nickel smelter and supporting infrastructure including a power plant and a port, its president director said on Friday. - more

    Courtesy AISI - In the week ending January 10, 2015, domestic raw steel production was 1,899,000 net tons while the capability utilization rate was 79.0 percent. Production was 1,824,000 net tons in the week ending January 10, 2014, while the capability utilization then was 75.8 percent. The current week production represents a 4.1 percent increase from the same period in the previous year. Production for the week ending January 10, 2015 is up 2.3 percent from the previous week ending January 3, 2015 when production was 1,857,000 net tons and the rate of capability utilization was 77.2 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, January 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Media is reporting three month nickel closed Friday's trading session at $6.94/lb . Indicators at 6:40 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 Friday and now total just over the 414,700 tonnes. SMM is reporting nickel ore stockpiles at five Chinese ports fell for an eighth consecutive week, last week down 320,000 tonnes to 13.33 million tonnes. Traders were unable to hold onto the $7/lb trading level Friday, and while the market is trading off earlier session lows, it has been unable to secure that level in today's trading. $7 is a psychologically important level, while $6.62/lb is an important support level. The Euro was trading 3% lower this morning, and this is adding additional pressure on base metals. The majority of Chinese metal analysts polled this weekend, are forecasting the price of nickel to trade flat this week. We will see.    
  • Average price of cash nickel so far this month - $6.88/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Holds Losses Near Five-Year Low on Demand Growth Concern - more
  • Reuters metals morning - Copper falls to 4-1/2 year low, oil rout weighs - more

  Reports

  • Steel Founders' Society Of America January 2015 Casteel Reporter - pdf here
  • Steel Founders' Society Of America China Trends OFF Presentation - pdf here
  • The Dig – Haywood Mining Team’s week in review - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index -
  • 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
  • 100 Years of Stainless Steel - more
  • (SSY) Daily crude steel output at China Iron and Steel Association (CISA) member mills fell to 1.722 Mt in the last 11 days of December, down 3.6% from the preceding ten days, according to CISA data reported by SteelFirst
  • Mindoro’s Joint Venture Company Concludes Two Shipments of Nickel Ore, Inks Offtake Contract with Tewoo Hoperay - more

    Global Ferronickel plans $600 mln IPO in booming Philippine market - Global Ferronickel Holdings Inc, the Philippines' No. 3 nickel producer, is expected to raise $600 million in a Manila IPO in March, sources said, taking advantage of higher prices and exports triggered by a ban on shipments of ore from Indonesia. - more

  • Agata Mining ships more ore - Agata Mining Ventures Inc. (Amvi) in December shipped out two more cargoes of high-iron, low-nickel ores valued at a total of $1.34 million (about P60 million) from its mine in Agusan del Norte. - more

    Chinese nickel pig iron prices resilient on tight supply - Spot prices of high-grade nickel pig iron (10-15% Ni) in China have been fairly resilient over the past month despite a significant drop in global nickel metal prices. - more

    Nickel advances as supply tightens -  The cost of nickel pig iron, which is a lower grade alternative for the refined nickel ore, is increasing, and the inventories are low in commodity, therefore there is a good chance of restocking. - more

    Russia's stainless steel import is positive yet - According to SpetsStal's appraisal, the volume of stainless steel import to Russia in November 2014, compared to October, decreased by 19.8% to 19,562 tons. - more

  • Russia's stainless steel exports in November 2013 - From January to November 2014, compared with the equal period of 2013, Russia's stainless steel exports decreased 62.1% to 8,121 tons. - more

    Virtue Dragon Nickel Industry Invests in Nickel Smelter in Indonesia - Chinese ferronickel producer Virtue Dragon Nickel Industry plans to invest USD $5 billion for the establishment of a nickel smelter, power plant and a port. - 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, January 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Thursday's trading session at $7.06/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.04/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and started todays trading session just over the 415,150 tonne level. Nickel is trading around the $15,500 tonne level this morning, and showing little motivation to trade in either direction. The $7/lb level appears to be more of a psychological level than any technical line of support or resistance. Nickel fell throughout the day yesterday, before spiking over $300 tonne higher within just a few minutes before trading ended for the day. It implied a desperate move, so we tend to look at the trend as turning negative in the short term.  Cancelled warrants have done little since the fell below 22% at the end of December. They were reportedly in the 40% range this time last year. Have a safe and relaxing weekend!
  • Average price of cash nickel so far this month - $6.85/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Nickel Falls, Copper Set for Weekly Drop on China Factory Data - more
  • Reuters metals morning - Copper hits 4-1/2-year low as inventories grow - more

  Reports

  • Commodity prices from the December 2014 issue - pdf here
  • U.S. Exports of Stainless Steel Mill Products - more
  • RJL Mining Weekly: Comps, Commodities, Leaders/Laggards, Research - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 78.11
  • 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
  • 100 Years of Stainless Steel - more
  • (Twitter) Chinese nickel powder imports down by 30.98% MOM to 225t in Nov 2014
  • (MF) Japan’s stainless steel exports drop in Nov
  • Sherritt Announces December Production Update on Ambatovy Nickel Operation - more
  • Legendary metal of ‘Atlantis’ recovered from ancient shipwreck - more

    LME Ni Average Price in December Up by 1.4% from Prior Month = It drops and stagnates in latter half of month, and month-end inventory increases to 415,000 tons = LME monthly average price in December 2014 was Cash seller: US$15,918.57 per ton (US$7.221 per lb) and 3-month seller: US$15,993.57 per ton (US$7.255 per lb). - more

    European stainless steel sector at turning point: Jefferies - The European stainless steel sector is hitting a turning point in 2015, leading to gradually rising steel prices and strong earnings growth, investment bank Jefferies said Thursday. - more

    Aluminium, zinc and nickel becoming the new favourites - Prospects for the unloved commodities BHP is exiting through its $US15 billion spin-off South32 are looking increasingly bright, with aluminium, zinc and nickel tipped to be among the few ­standouts in a tough few years ahead. - more

    China’s Fujian to See 20% Annual Growth in Ferronickel Imports after New Tariff Policy - Inbound shipments of ferronickel to Ningde in Fujian Province, China are expected to grow 20% annually after the implementation of new import tariff in 2015, local media reported. - more

    Panoramic maintains optimistic outlook - Nickel producer Panoramic Resources has told shareholders that it was on track to meet its full 2015 production guidance of between 20 000 t and 21 000 t of contained nickel in concentrate. - more

    Mwana Africa tiff with Chinese partners dampens recovery - Mwana Africa’s fallout with its largest shareholder China International Mining Group Corporation (CIMGC) and Yat Hoi Ning, a Non-Executive Director and associate of CIMGC, over board seats could drag on to February 2016, the company said on Thursday. - more

    Axiom secures funding agreement - Axiom Mining has entered into a strategic partnership with Anitua Limited for the Isabel Nickel Project. Anitua is providing Aus$5 million in loan funding to advance development of the project. - 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, January 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Wednesday's trading session at $7.04/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading mostly higher. Stockpiles of nickel stored in LME approved warehouses rose just slightly, but enough to hit a set a new all time record high of 415,842 tonnes. Nickel was trading much lower earlier today, but has recovered since. The stimulus program that China is rumored to be considering, that could increase demand for nickel in that country, has yet to be announced, and today, Luo Guosen, deputy head of the investment department at the National Development and Reform Commission in China told reporters that China is not planning to sharply boost spending. Traders have brought nickel back into the $7/lb trading range, and we suspect they will fight hard to stay in this range. 
  • Average price of cash nickel so far this month - $6.83/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Climbs for First Time This Year on U.S. Growth Optimism - more
  • Reuters metals morning - Copper, zinc rebound from lows, but more losses seen - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 78.11
  • 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
  • 100 Years of Stainless Steel - more
  • (SMM) Jinchuan Group raised nickel ex-works prices to 111,000 yuan per tonne on January 8, up 1,000 yuan, Shanghai Metals Market learns.
  • U.S. Steel to lay off 614 employees - more
  • Alloys recycler battles metal price slump - more
  • Are You Ready For The January Effect? - more
  • Unusual Metal Recovered from Ancient Greek Shipwreck - more

    COLUMN-New year, same old warehouse problems for London Metal Exchange: Andy Home - A new year it may be but the London Metal Exchange (LME) will spend a large part of it grappling with the same old problems afflicting its global warehousing system. - more

    Natixis: Nickel prices to move higher in 2015 - Paris based Natixis said the LME nickel prices expected to average at US$19,000/ton in 2015. - more

    Colombia's output of nickel, silver, platinum drops in Q3; gold rises - Colombia's production of nickel, silver and platinum fell in the third quarter of 2014, while gold production rose, the government said Wednesday in its most-recent quarterly update. - more

    Look into double fatality at Stobie to begin April 20 - The Office of the Chief Coroner for Ontario announced yesterday that an inquest will begin on April 20 into the deaths of Jason Chenier and Jordan Fram. - 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, January 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Tuesday's trading session at $6.92/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading mostly lower, Stockpiles of nickels stored in LME approved warehouses rose to its third record high of the year, and started today at 415,812 tonnes. Bloomberg is crediting speculation that China's decision to is accelerate 300 infrastructure projects valued at $1.1 trillion US dollars, will increase demand for nickel, and strain pig nickel supplies. A good excuse, but realistically, its the beginning of a new year, and funds, who are only interested in growth, have to find places to invest and nickel, the winner for positive growth in 2014 among base metals, stands out as a prime candidate. With funds coming back into the market, and traders covering shorts, we believe, explains the bounce in prices we are seeing. How long it will last is anyone's guess, but these runs have away of building on themselves until they stretch out too far. Computers monitoring technical markers are more likely to make those decisions more than any single person. The market wants to get back into the $7/lb range and unless something happens in the next few days, it looks like they will be shortly.
  • Average price of cash nickel so far this month - 6.77/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Drops to Four-Year Low on Oil’s Decline, Economy Concerns - more
  • Reuters metals morning - Copper falls to new 4-1/2 year low as oil tumbles - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 78.13
  • 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
  • 100 Years of Stainless Steel - more
  • (FAN) According to data released by Russia's special steel association Spetsstal, the country's exports of stainless steel products decreased by 63.6% in January-November period on a yearly basis.
  • (SMM) Jinchuan Group raised nickel ex-works prices to 110,000 yuan per tonne on January 7, Shanghai Metals Market learns.

    Chinese ferrochrome market under pressure as import tax is scrapped - The Chinese domestic ferrochrome market is expected to remain under pressure after the 1% import tax on ferrochrome with more than 4% carbon was scrapped. - more

    Nickel demand hikes as aerospace industry grows - The nickel industry around the globe, is experiencing a huge growth in the increasing demand for nickel in every part of the world. - 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, January 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Monday's trading session at $6.86/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.10/lb higher, with other London traded base metals trading mostly higher as well. Stockpiles of nickel stored in LME licensed warehouses rose to a new record high on Monday and started today at 415,388 tonnes. Nickel started a fall mid day yesterday until it hit strong support at $6.65/lb and has been bouncing ever since. $6.65/lb is a very important level and traders could not afford nickel prices falling below that level. Why so important? That was the lowest nickel fell in 2014 after the springtime bull run, hit in mid October. To have fallen below this support level could have been dangerous for future nickel prices. As is, falling to that level appears to have spooked the market and nickel is up for the second day.  
  • Average price of cash nickel so far this month - $6.68/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Trades Near Four-Year Low as Greece Crisis Fuels Concern - more
  • Reuters metals morning - London copper up, Shanghai slips on supply concern - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index -
  • 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
  • 100 Years of Stainless Steel - more
  • (SSY) Steel inventories in the major Chinese cities rose to their highest level since the beginning of November 2014 at the end of last week, at 10.2 Mt, according to data from U-metal. This is up 0.5 Mt week-on-but compares with 13.7 Mt at the start of 2014.
  • Tropical Pacific waters show signs of cooling - more

    Perils of commodity price forecasting: The case of nickel - Ahead of the New Year, commodity specialists and merchant bankers will be routinely engaged in crystal gazing about price behaviour of a whole range of industrial and agricultural commodities. - more

    What Will 2015 Have In Store For Commodities Prices? - If you are a miner with a product to sell, or even if you’re an explorer simply hoping to have a product to sell one day, there seems little doubt that 2015 is opening on a fairly downbeat note. - more

    China's CISA to revise iron ore price index methodology: official - The China Iron & Steel Association, the organization representing Chinese steel mills, has started revising its iron ore price index methodology, an association official said Monday. - more

    Vale investigates big bang from slag dump - People in Sudbury reported hearing bang as they sat down to dinner last night. - more

    Courtesy AISI - In the week ending January 2, 2015, domestic raw steel production was 1,857,000 net tons while the capability utilization rate was 77.2 percent. Production was 1,787,000 net tons in the week ending January 2, 2014, while the capability utilization then was 74.5 percent. The current week production represents a 3.9 percent increase from the same period in the previous year. Production for the week ending January 2, 2015 is up 6.4 percent from the previous week ending December 27, 2014 when production was 1,746,000 net tons and the rate of capability utilization was 72.6 percent. - more

    Norilsk Nickel: 3 Reasons Why Norilsk Nickel Could Provide Significant Upside - The company benefits from rising nickel prices, which are likely given Indonesia's export ban. - 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

Monday, January 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Friday's trading session at $6.75/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.09/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses started the year with a new record high reading on Friday, of 414,900 tonnes, but today slipped slightly to just over 414,750 tonnes. The Euro is trading at a near 9 year low against the US Dollar, and the negative pressure on base metals trading is undeniable. Shanghai Metal Markets is reporting stockpiles of nickel ore held at 5 major Chinese ports fell by 405,000 tonnes to 13.65 million tonnes. We are having a hard time finding any analysts forecasting a weak year for nickel prices, with most in agreement that a deficit will develop 'sometime' and prices will rise. We hope each of you have a successful 2015 and invite you to check in with us daily for free updates on the nickel and stainless steel industry.
  • Average price of cash nickel so far this month - $6.75/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Copper Extends Losses From Four-Year Low on Weaker Demand Worry - more
  • Reuters metals morning - Copper hits 4-1/2 year low on strong dollar - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 78.23
  • 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
  • 100 Years of Stainless Steel - more

    Nickel prices likely to move higher in 2015 - The rapid change in fundamentals led to high volatility in Nickel prices in 2014. The volatility is expected to continue in 2015, according to analyst reports. - more

    Mining in 2015: Nickel price promises much - The metal was languishing at multi-year lows in January but against market expectations Indonesia stuck to its guns and stopped nickel ore from leaving its shores. - more

    Embattled Chinese mining company praises police efforts - Mining company Ramu Nickel has praised police in their area. Their appreciation was relayed through Acting Assistant Commissioner of Police (ACP) Momase, Chief Superintendent Nema Mondiai. - more

     Iron ore faces weak year: Chinese steel chief - China's steel industry has warned that iron ore prices will remain under pressure over the year ahead as the nation's steel mills battle with over-capacity and weak demand. - more

  Morning Nickel Price Statistics & Figures

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

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