This page is archived news covering the period of January 2016
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Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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Thursday, January 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.93/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb lower and trending lower, Stockpiles of nickel stored in LME licensed warehouses rose on Wednesday and now total 451,500 tonnes. Cancelled warrants continue to run in the high 30's range. LME nickel stockpiles are less than 20,000 tonnes shy of their all time high, and considering the mine closures on the books, is a concerning development. Our next update will be Monday, February 1. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $3.84/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper slips on worries over future Fed hikes - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Emerging Markets Advance, Gold Falls as Fed Acknowledges Risks - more
  • Chinese fastener exporters moving into diversified markets to avoid trade disputes - more

    NAS Press Release - For the month of February 2016, North American Stainless will lower the fuel surcharge to 15% for stainless flat and long products. The surcharge rate is considered a maximum level for February and will be reviewed monthly. - more

    Kambalda job losses make for sombre 50th anniversary of nickel discovery - As nickel miners across Western Australia continue to warehouse their assets, the Goldfields town at the heart of the state's original nickel boom is quietly marking its 50th anniversary. - more

    Ramu mine workers want executive out and better safety standards - More than 600 workers at Ramu nickel’s Kurumbukari mine in Madang went on a strike over the weekend to have the mine management address issues. - more

    Glencore gets Sudbury extension - Sudbury's second largest mining company, Glencore's Sudbury Integrated Nickel Operations, has received approval to exceed emission standards while it upgrades its Falconbridge smelter. - more

    Anglo American boosts iron ore output thanks to Minas-Rio - Global mining company Anglo American produced more iron ore last year after increased production at its Minas-Rio mine in Brazil offset lower output from its Kumba subsidiary in South Africa. - more

  • Anglo's Kumba Iron Ore to Cut 3,900 Jobs After Prices Plunge - more

    Nickel mine revival to gobble $60m - The upgrading of Munali Nickel Mine’s processing facilities is expected to cost about US$60 million to start producing a maximum of 5,000 tonnes of nickel annually, company chief operating officer Craig Bailey has said. - more

    Newly-listed Jindal Stainless (Hisar) aims to close FY16 at 12% EBITDA margin - Newly-listed Jindal Stainless (Hisar) is aiming to close 2015-16 (Apr-Mar) at 12 percent earnings before interest tax depreciation and amortisation (EBITDA) margin by focussing on strong-margin yielding value added products which will also allow the company to overcome the disadvantage it draws from high logistical costs. - 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 27

  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 $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just shy of 450,200 tonnes. Another nickel mine in Australia closes, while others continue to lose money.  Nickel followed oil north today, but is maintaining today, while oil falls.  
  • Average price of cash nickel so far this month - $3.84/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper edges up as traders eye Fed; China imports support - more

  Reports

  • Damstahl Stainless Steel Report - January 2016 - 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
  • MACQUARIE: You could shut down all the steel plants in Western Europe and prices still wouldn't return to normal - more
  • Shuttered Sudbury mines not part of deal - more
  • Oil Drops With European Stocks, Apple Suppliers; Euro Bonds Gain - more

    Nickel price bloodbath in WA as Mincor, Panoramic announce closures - The sustained decline in the nickel price has forced three more West Australian operations into suspension at the cost of more than 100 jobs, as the toll of the price crash mounts. - more

    Island of Nickel Losing Money as World's Mines Shun Output Cuts - On a remote island in the Pacific Ocean, mine owners like Glencore Plc and Vale SA are losing money on every ton of nickel they unearth in what amounts to a contest to see who can endure the agony longer. - more

    Ramu NiCo staff told to resume work - The Department of Labour and Industrial Relations has advised all Ramu NiCo employees to resume work immediately because they failed to follow industrial relations processes and procedures. - more

    Russia’s Norilsk Nickel may partake in Global Palladium Fund - The board of directors of Russian metals giant Norilsk Nickel will study participation of its affiliate Norilsk Nickel (Cyprus) Limited in the Global Palladium Fund L.P. on February 1, the company said in a statement. - more

    MOE gives Glencore 10 years to meet new nickel emission limits - Another Sudbury smelter won't have to meet stricter nickel emissions standards that are set to take effect this summer. - more

    Courtesy AISI - In the week ending January 23, 2016, domestic raw steel production was 1,670,000 net tons while the capability utilization rate was 69.8 percent. Production was 1,807,000 net tons in the week ending January 23, 2015 while the capability utilization then was 76.4 percent. The current week production represents a 7.6 percent decrease from the same period in the previous year. Production for the week ending January 23, 2016 is up 1.1 percent from the previous week ending January 16, 2016 when production was 1,652,000 net tons and the rate of capability utilization was 69.1 percent.

    Life in the freezer: Inside the northernmost city on Earth whose residents endure - 55°C temperatures and two months of total darkness every year - Isolated, polluted and – above all – cold, it is a city built on misery and blood. - 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 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.87/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher, but struggling. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and now total just over the 450,800 tonne level. With world markets apparently shadowing oil these days, markets are slightly higher as oil jumps today.
  • Average price of cash nickel so far this month - $3.84/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper surrenders gains on oil slide, China worries - more

  Reports

  • China Nickel Imports and Exports Data 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
  • (MB) Triland cuts 2016 base metals price forecast, especially bearish on nickel
  • (Twitter) China Dec refined nickel imports up 554% y/y at 36,512 tonnes
  • Asian Stocks Follow Oil Lower as Chinese Shares Hit 13-Month Low - more

     Hundreds interested in refinery buyback - More than 900 people have expressed interest in a possible community buyback of Queensland Nickel's troubled Townsville refinery. - more

     Russia's stainless steel imports in November 2015 - According to an estimate by SpetsStal Association, the volume of Russian stainless steel import in November 2015, compared with October, decreased by 14.5% to 21,204 tons. - more

     Russia's stainless steel exports in November 2015 - According to an estimate by SpetsStal Association, the volume of Russian stainless steel exports in November 2015, compared to the previous month, rose by 32.0% to 462 tons. - more

     Vale wins award for Long Harbour hydromet plant - Natural Resources, a magazine covering mining, oil and gas, and renewable energy development and a sister publication of Atlantic Resources, has named Vale’s nickel hydrometallurgical plant in Long Harbour, NL, the first recipient of its Industry Excellence Award. - more

    Clive Palmer says Queensland Nickel entitlements not his responsibility - Clive Palmer has declared he is not personally responsible for paying the redundancy entitlements of the 237 workers sacked from his Townsville nickel refinery, after preaching friendship, compassion and love at a citizenship ceremony. - 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 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.93/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 ware houses fell on Friday and now total just over the 449,500 tonne level. Shanghai Metals Market is reporting nickel ore inventories at six major Chinese ports fell by 80,000 tonnes last week, and now total 8.84 million tonnes.
  • Average price of cash nickel so far this month - $3.83/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper eases from 2-week high, China demand worries weigh - more

  Reports

  • “Zombification” of the Chinese economy - 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
  • Crashing Commodities Are Saving China $460 Billion a Year - more

    Clive Palmer and the nickel refinery collapse that wasn't - Clive Palmer could walk away from the administration linked to his Queensland Nickel refinery without losing the assets and leave creditors out in the cold. - more

  • Australia's Palmer says he propped up Queensland Nickel refinery - more

    Price Trend of Austenitic Stainless Sheets May Change by Baosteel's Price Rise - According to information obtained by a source, China's Baoshan Iron & Steel (Baosteel) raised its domestic prices of austenitic stainless steel sheets by $50 per ton in dollar equivalent for February shipment. - more

    China to cut crude steel production capacity by 150m tons: premier - Chinese Premier Li Keqiang has reiterated the urgency and the government's resolve to cut excess capacity in steel and coal industries, as the country strives to restructure its economy. - more

    Ni Production by Sherritt International, Canada in 2015 Is 80,976 Tons =Up by 16% from prior year owing to boost from increase in production by Ambatovy JV = On January 18, Sherritt International Corporation, Canada announced a brief note on its production volume in the full year 2015 (January - December). - more

    World crude steel output decreases by -2.8% in 2015 - World crude steel production reached 1,622.8 million tonnes (Mt) for the year 2015, down by -2.8% compared to 2014. Crude steel production decreased in all regions except Oceania in 2015. - more

    Norilsk shifts focus to its own portfolio - Russia's Norilsk Nickel would look at opportunities shaken loose by a weak global commodities market, but its own portfolio of mines and internal prospects offer much better returns, says chairman Gareth Penny. - more

    Charges dismissed against Vale at Voisey’s Bay - A Newfoundland and Labrador provincial judge has found that Vale did not violate the federal Fisheries Act at its Voisey’s Bay nickel mine in October 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

Thursday, January 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.88/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 slightly on Wednesday and now total just over the 450,750 tonne level. Our next update will be Monday - have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $3.82/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper posts fragile gains as oil steadies - more

  Reports

  • Sucden Metals Market Report - January 2016 - 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
  • (BD) Citi's 2016 average nickel price forecast was dropped by 22 per cent on Wednesday to just $US8450 a tonne, with analysts suggesting the price would need to drop below $US8000 a tonne to "prompt a much needed supply response".- source
  • Europe Stocks Rise, U.S. Index Futures Pare Losses Before ECB - more
  • Tropical activity slows El Niño decline - more
  • Asia stocks skid as crude fails to sustain bounce - more
  • Fastenal Feeling Customers' Pain - more

    Investec cuts base metals forecasts, sees 'disincentive' prices - Investec has cut its base metals price forecasts for 2016 and 2017, with zinc and nickel in particular now seen sharply lower than in its previous report at the end of October. - more

    Norilsk Nickel sees metals prices staying low over medium term - Global metals prices are likely to remain low in the medium term as it could take years for producers to run out of financing for loss-making assets, the deputy CEO of Norilsk Nickel, the world's No.1 nickel and palladium producer, told Reuters. - more

    Tough start to 2016 for Aussie nickel miners predicted to continue - It's been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation. - more

    Shipment Declines Continue in December - Shipments declined from 2014 levels in December for both steel and aluminum in the U.S. and Canada at roughly the same rates as last month. Inventory levels continue to decline, slowly coming into line with current shipment levels. - more

    Australia's South32 slashes debt to weather coal, metals slump - South32 Ltd has cut net debt by about 70 percent since the end of June to $115 million, it said on Thursday, shoring up the miner of coal and metals against shrinking earnings from weaker output and plunging prices for most of its commodities. - more

    Market Trend of Import of Ferroalloy as of 15 January 2016 = Prices of Ferro-Silicon and Silicon metal rise sharply, and no realization sales can't be seen = The market trend of import of ferroalloy as of 15 January 2016 is as follows. - more

    I'll tell truth on Qld Nickel soon: Palmer - Clive Palmer has promised to write to every home in Townsville to "tell the truth" about what happened with his struggling nickel refinery in the north Queensland city. - more

  • Clive’s big fat BHP windfall - more

    Panoramic halt raises questions - Shareholders in Panoramic Resources are holding their collective breath after the nickel miner called a trading halt in its shares. - 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 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.91/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 Tuesday and now total just under the 451,000 tonne level. Nickel is slightly lower at the moment and off earlier lows at around $.05/lb. Considering what world equity markets are doing today, nickel is faring well so far. Asian markets ended lower, European markets are down, and US futures are now trading well below the 'unofficial' bear market trigger point. Analysts can argue about whether the Dow is in bear territory or not, but not many nickel watchers would describe the last few years of nickel trading, as nothing but grizzly.   
  • Average price of cash nickel so far this month - $3.82/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips on weak oil but China stimulus hopes curb losses - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (MB) Brazil-based nickel and cobalt producer Votorantim Metals will shut down production from February 1....
  • Global Stocks on Brink of Bear Market as Oil Slides; Ruble Drops - more

      New Caledonia fears civil unrest after collapse of Clive Palmer's nickel refinery - Nearly all of South Pacific territory’s income comes from nickel exports and authorities say job losses and economic downturn could cause political unrest - more

    Workers sacked from Clive Palmer's Queensland Nickel plant offered $500,000 by Federal Government - The Federal Government has offered $500,000 to help workers sacked from Clive Palmer's troubled Queensland Nickel. - more

  • Palmer apologises to Qld Nickel workers - more

    Budget recommendations from the Indian Stainless Steel Industry - Based on expectations of 7-8% economic growth, the Indian stainless steel industry has made substantial investments towards capacity expansion and modernization. - more

    Stainless steel now obsolete: Chinese graduate designing stadium made entirely of bamboo - While the rest of China's architects fool around, TU DELFT architecture graduate Shen Chen is drawing up plans for the next Archiprix prize-winning project: a portable stadium to be constructed entirely from bamboo. - 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 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.89/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 rose sharply on Monday and now total just shy of the 452,750 tonne level. We are now only 17,634 tonnes shy of LME nickel's all time record high level. We have read no analyst that is predicting stockpiles to grow this year, so a new record high this year, could drop a few jaws. No one was predicting a new record high for 2015 either, after Indonesia halted all exports of unprocessed nickel ore in January. The market has, and continues to show, that it can surprise. US markets ended the first two weeks of the trading year, dangerously close to a key bear market level, and after a holiday yesterday, re-open today to positive futures. CHina reported yesterday its manufacturing for 2015 grew at slower numbers than expected and markets around the world, expect China to take further stimulus efforts in teh near future. This is helping boost equity and commodity markets - at least for today.
  • Average price of cash nickel so far this month - $3.81/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper hits over 1-week high on China growth data - 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 industrial output slows to increase of 5.9% - more
  • European Stocks Snap 3-Day Decline as Commodity Producers Rally - more
  • Global stocks rise as slowing China growth boosts stimulus prospects - more
  • Stocks see biggest two-month rally on back of stimulus buzz - more

     Qld Nickel 'lacks cash to pay out workers' - Clive Palmer's ailing nickel business doesn't currently have the cash to pay out sacked workers' entitlements, their union says. - more

  • Sacked Queensland Nickel workers 'frustrated' over lack of information from refinery - more
  • Clive Palmer, Glenn Lazarus trade blows over Queensland Nickel donations to PUP - more

    Courtesy AISI - In the week ending January 16, 2016, domestic raw steel production was 1,652,000 net tons while the capability utilization rate was 69.1 percent. Production was 1,807,000 net tons in the week ending January 16, 2015 while the capability utilization then was 76.4 percent. The current week production represents a 8.6 percent decrease from the same period in the previous year. Production for the week ending January 16, 2016 is up 3.6 percent from the previous week ending January 9, 2016 when production was 1,594,000 net tons and the rate of capability utilization was 66.7 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, January 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.81/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.07/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Thursday but fell more on Friday and ended the week just over teh 433,650 tonne level. Shanghai Metals Market reports nickel ore stockpiles held at six major Chinese ports fell 300,000 tonnes last week to total 9.52 million tonnes. Nickel is getting some support from Chinese government taking steps to support the yuan, the trouble at a major nickel refinery in Australia, and fund re-indexing last week. Cancelled warrants continue to total around 41%.  
  • Average price of cash nickel so far this month - $3.80/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper rallies on China yuan steps, but pessimism remains - 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

     An ugly start to what may be a brutal year for nickel producers: Andy Home - If the first two weeks are anything to go by, this is going to be an ugly year for nickel producers. - more

    Clive Palmer's Queensland Nickel goes into voluntary administration - Clive Palmer's Queensland Nickel has gone into voluntary administration, company directors have announced. -  more

  • Queensland Nickel donated more than $288,000 to Palmer United Party before sacking workers - more
  • Queensland Nickel workers ‘victims of Clive Palmer’s political ambitions’ - more

    Ni SUS Scrap Purchase Price in January Starts with around JPY115,000 = Ni price shows tapering down and is down by JPY5,000, and likely to be down again in latter half of month = January purchase price of nickel-containing stainless steel scrap (SABOT) by stainless steel mills in the Kanto are is around JPY115,000 per ton (delivered at factory), down by JPY10,000 from the former half of December. (Hereinafter, the price is per ton) - 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 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.76/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.07/lb and still rising. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 433,950 tonne level. Nickel trading charts resemble a mountain range tso far today, with the traded price of nickel up, then down, then back up. As we publish this update, the price is climbing to its highest peak of the session. Our next update will be Monday, January 18th. Have a safe and enjoyable weekend.
  • Average price of cash nickel so far this month - $3.80/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper dips to another 6-1/2 yr low as oil taints global growth outlook - 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
  • Europe Stocks Circle Bear Market as Global-Growth Worry Persists - more

    Platts China Steel Sentiment Index Remains at Low Level in January - Chinese steel market participants expect new orders to remain subdued over January, though they see some improvement in price levels for both long and flat steel products, according to the latest Platts China Steel Sentiment Index (CSSI). - more

    Sumitomo Corp withdraws forecasts - Sumitomo Corp withdrew its full-year forecasts after booking a 77 billion (US$651 million) charge on its Ambatovy nickel project in Madagascar, following a collapse in the price of the metal. - more

    Japanese Traders Follow Sumitomo Lower as Writedowns Loom - Japan’s trading companies fell after Sumitomo Corp. withdrew its full-year earnings forecasts because of a 77 billion yen ($654 million) charge on its Ambatovy nickel project in Madagascar, following a collapse in the price of the metal. - more

    Govt bats for higher basic customs duty on steel products: Srcs - CNBC-TV18 learns that the ministry may seek revision of basic customs duty between 10-25 percent, where the tax levied on long products would be 10 percent and on flat and stainless steel products would be 15 percent. - more

    How the U.S. Mint could save $39 million on nickels and dimes - The change in your pocket might soon get a makeover. As the cost of metals have risen in the last decade, it’s become prohibitively expensive for the U.S. Mint to keep churning out coins in their current iteration. (Fun fact: It costs more to produce pennies and nickels than the coins are worth at face value).  - 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 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.70/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 436,700 tonne level. Nickel traded at a new 12 year low yesterday, but is slightly higher today. Interesting piece from the Bloomberg article below about Russia Norilsk. "The Russian company that vies with Vale as the biggest producer is budgeting for an average of about $9 000 a metric ton in 2016, said two people familiar with the situation. The figure is 24% lower than the average rate of $11 890 a ton in 2015, and shows Norilsk is planning for the possibility that prices for the metal will fail to recover after plunging by 47% in the past year to the lowest level since 2003." Based on this article, Norilsk puts the 2015 average at $5.39/lb and is forecasting $4.08/lb for 2016. IN another Bloomberg article linked below, the author states "While forecasts have been slashed, nickel will average $12,250 a metric ton in 2016, according to the median estimate of 16 analysts compiled by Bloomberg."
  • Average price of cash nickel so far this month - $3.81/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper climbs off 6-yr low; dim China outlook signals weakness - 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
  • (Tweet) HSBC says forecasts nickel prices of $9,250/t in 2016, $12,000/t in 2017, and $14,000/t in 2018
  • (SSY) German crude steel production fell 8.3% year-on-year to its lowest level since August 2009 in December at 3.0 Mt, according to data from WV Stahl, the country's steel federation, reported by SteelFirst. Steel output for the full year was down by 0.6% on 2014 at 42.7 Mt.
  • China Trade Surplus Swells as Exports Rise in Boost for Yuan - more

    China commodities imports jump, but 2016 outlook mixed - China's commodity imports surged in December as tumbling prices spurred opportunistic buying, but shipments of some commodities are expected to start tapering off this year as slower economic growth checks demand. - more

    Top nickel producer said to budget for 24% lower price this year - When it comes to metals prices, GMK Norilsk Nickel is preparing for the worst.- more

    Sherritt, Sumitomo take $1.7 bln hit on Madagascar nickel mine - Canada's Sherritt International Corp and Japan's Sumitomo Corp said on Wednesday they would book more than $1.7 billion of losses on their Ambatovy nickel mine in Madagascar, as prices at 12-year lows wreak havoc among miners. - more

    Stubborn Bulls See Nickel Swinging to Best Metals Bet in 2016 - This year will be different. That’s what some analysts are saying about the price of nickel, a metal used in making stainless steel that was supposed to surge last year but instead plunged to a 12-year low. - 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 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.73/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 rose slightly on Monday and now total just under 437,350 tonnes. Nickel is trading at 2003 lows, same as oil. Commodities are being hurt by a weakness in the Chinese economy, a stronger Dollar, and in many cases, excess supply. Or - the perception thereof.
  • Average price of cash nickel so far this month - $3.83/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper under pressure at 6-1/2 yr lows on China woes - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Rise as Commodities Pare Drop, China Stabilizes - more
  • Pennies and nickels cost more to make than they're worth - more

    As industrial metals slide further, time to test the brakes: Andy Home - For the suite of industrial metals traded on the London Metal Exchange (LME) the new year has started off where the last one left off. - more

    Call for New Caledonia nickel strategy - New Caledonia's truckers have called on the president to convene talks about the future of the nickel sector which is the backbone of the territory's economy. - more

     Export Volume of SUS Products in November 2015 IS 68,364 Tons = Down by 20% from prior month, and all exports to Asian region are down = The export result of stainless steel products in November 2015 which was compiled by the Japan Iron and Steel Federation based on the foreign trade statistics prepared by the Ministry of Finance was 68,364 tons, grossly down by 20.2% from 85,715 tons in the prior month. - more

    Ramu NiCo welcomes call on safety inspection - The developer of nickel/cobalt project in Madang, Ramu NiCo Management (MCC) Ltd says the company strictly implements world standard “Occupational Health and Safety Management Systems” in compliance with PNG mining standards and procedures. - more

  • Trade, Commerce and Industry threatens legal actions against Ramu Nickel Mine - more

    China steel industry body sees tougher times ahead - China’s steel consumption will continue to fall in years to come while failure to eliminate excess capacity prevents a swift turnaround for the troubled sector, according to an industry association head. - more

    Courtesy AISI - In the week ending January 9, 2016, domestic raw steel production was 1,594,000 net tons while the capability utilization rate was 66.7 percent. Production was 1,807,000 net tons in the week ending January 9, 2015 while the capability utilization then was 76.4 percent. The current week production represents a 11.8 percent decrease from the same period in the previous year. Production for the week ending January 9, 2016 is up 10.7 percent from the previous week ending January 2, 2016 when production was 1,440,000 net tons and the rate of capability utilization was 60.2 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 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $3.86/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.07/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Friday and ended the week just shy of the 437,050 tonne level. Shanghai Metals Market reports stockpiles of nickel ore at six Chinese ports fell 150,000 tonnes last week and now total 9.82 million tonnes. Market is quiet today as producers and consumers of nickel alike try to figure out where the market may be heading. One would like to think the market has bottomed out, but recent trades hint otherwise.
  • Average price of cash nickel so far this month - $3.84/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper subsides to new 6-1/2 year low as China shares drop - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Financial market turmoil not justified by economic trends - more

    China top ten stainless steel plants in 2015 - China has produced about 21.44 million tons of stainless steel, which decreases by 2% than that of 2014. - more

     Steel Founders' Society Of America Casteel Reporter - pdf here

    Victory Nickel to be taken off Toronto Stock Exchange - The parent company of a local drilling sand refinery is set to be taken off the Toronto Stock Exchange, but is looking into an alternate listing on capital markets while restructuring its debt. - 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 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $3.81/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and now total just under the 438,600 tonne level. Cancelled warrants measured over 40% for a third consecutive day. China gave up on their 'circuit breaker' idea and markets around the world were watching if the Shanghai market would plunge last night. It did not, and world equity markets are stabilizing this morning. Nickel is trading dangerously low to its 2015 low. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $3.85/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper bounces, but 2009 lows still within sight - 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

    Shanghai metals trade soars in 2015; nickel turnover beats LME - Base metals trade on the Shanghai Futures Exchange (SHFE) surged 76 percent in 2015 as investors sought ways to bet against China's economy and domestic smelters increased their hedging to offset losses in a year when metals prices slumped. - more

    Queensland Nickel: Insolvency experts engaged as Clive Palmer, Clive Mensink issue statements - Businessman-turned-politician Clive Palmer’s embattled nickel refinery is seeking advice from insolvency experts in a desperate bid to keep open, State Government officials have been told. - more

    China's state stockpiler may buy copper and nickel, sources say - The mainland's commodity stockpiler is working on plans to buy about 300,000 tonnes of copper and up to 150,000 tonnes of nickel nest year to take advantage of weak international prices, said three sources with knowledge of the matter. - more

    Miner banks on Bots nickel - Australian miner Botswana Metals has said preliminary results from ongoing exploration works at the Maibele North nickel project indicated the existence of significant resources. - 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 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $3.93/lb  . Indicators at 6:10 am CST today show 3 month nickel trading around $.13/lb and getting dangerously close to 2015's trading low of $3.77/lb. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 438,800 tonne level. China's bear run continued overnight, with trading once again halted to keep the plunge damage in check. And once again, nervous markets around the world, are down in concern. Nickel is trading much lower this morning, after a late day spike yesterday. As we mentioned earlier in the week, index re-weighing begins tomorrow and will run all next week. It is possible we could see nickel attract some buying interest next week, but that remains to be seen. In the mean time, Dow futures are down 2.2% at the moment, so it looks to be an ugly day on Wall Street as well.
  • Average price of cash nickel so far this month - $3.87/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 towards 2009 levels as China market rout fuels demand worries - 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
  • Stranded Chinese investors breathe fire as stock market shuts down again - more

    Export Volume of SUS Products in November 2015 IS 68,364 Tons = Down by 20% from prior month, and all exports to Asian region are down = The export result of stainless steel products in November 2015 which was compiled by the Japan Iron and Steel Federation based on the foreign trade statistics prepared by the Ministry of Finance was 68,364 tons, grossly down by 20.2% from 85,715 tons in the prior month - more

    Qld govt ready to help nickel workers - Queensland's government hopes Clive Palmer can keep his troubled nickel refinery open, but is on standby to look after workers if it closes. - more

  • Embattled Queensland Nickel vows to meet next payroll - more
  • Palmer slams Qld govt over ailing refinery - more
  • Insolvency experts called in to Clive Palmer nickel refinery - more

    Miner banks on Bots nickel - Australian miner Botswana Metals has said preliminary results from ongoing exploration works at the Maibele North nickel project indicated the existence of significant resources. - more

     Water shortages pose grave risk to mining - Water availability and the quality of water stood out as major concerns in South Africa, following the recent release of the seventh edition of SA Mine by PricewaterhouseCoopers (PwC). - more

    Steel firms surge on premier's call - Share prices of beleaguered coal and steel companies surged on Wednesday after Premier Li Keqiang vowed steps to cut overcapacity and overcome nagging problems. - 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 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $3.87/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 440,350 tonne level. Cancelled warrants climbed sharply overnight and now stand at 40.45%. Someone just bought a lot of nickel - will it be for physical use or is a trading house betting a market move? Either way, it has increased traders interest in nickel this morning.
  • Average price of cash nickel so far this month - $3.89/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper drops as China worries persist - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SSY) Daily crude steel output at China Iron and Steel Association member mills slipped to 1.57 Mt in the period 11-20 December, according to data from the industry association reported by U-metal. This is the lowest production rate of 2015 and compares with a year-ago level of 1.78 Mt/day.
  • Why China should just let the stock market crash - more

    New Caledonia Nickel Company Asked To Appear Before Congress - A New Caledonian party has invited the head of the SMSP nickel company Andre Dang to discuss in Congress the company's financial situation. - more

    Further woes for New Caledonia nickel industry - Nickel producers in New Caledonia have suffered setbacks amid this week's massive stock market decline in China. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, January 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $3.86/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME approved warehouses rose slightly on Monday and now total just over the 441,500 tonne level. The first trading day of the new year was unkind to all but those trading short, with the Chinese equity market taking a 7% bath, and the rest of the world chasing the negative trend. Nickel was caught up in the sell off as well. The Chinese government took steps too stabilize their stock market earlier today, and markets around the world., including commodities, are in a much better mood today. Nickel continues to trade in a narrow channel.
  • Average price of cash nickel so far this month - $3.86/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper gains as China battles to shore up equities and yuan - 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 Said to Intervene in Stocks After $590 Billion Selloff - more
  • El Niño likely past its peak - more

    Metals Rebound From Biggest Drop in 3 Months as China Intervenes - Copper climbed the most in two weeks and nickel gained after China sought to support its stock market following Monday’s rout that sent metal prices tumbling. - more

    Indonesia Mulls Pushing Back Metal Concentrate Export Rules - Indonesia may relax rules on the export of metal concentrates following the collapse in metals prices, while keeping a ban on raw ore shipments, according to Energy and Mineral Resources Minister Sudirman Said. - more

    Cohesion policy is important in our world – the Finnish example - When we talk about building a better world we tend to automatically think about environment and foreign and security policy: however cohesion policy (structural funds) also has an important role to play and should not be forgotten. - more

    Botswana Metals set to enhance nickel potential at Maibele North - Botswana Metals is on track to benefit on the back of a Prefeasibility Study for the Maibele North nickel project to be released in the first quarter of 2016 and an resource upgrade. - more

    Premier Li encourages steel workers' 'stainless' spirit - The Premier met with TISCO workers, telling them that he believes TISCO will overcome difficulties amid downward pressures. - more

    Scientists develop steel alloy 'as good as titanium', only cheaper - A new lightweight and cheap steel alloy has been produced that could impact the cycle, aircraft and automotive industries, according to a paper published in Nature (via The Economist). - more

    Courtesy AISI - In the week ending January 2, 2016, domestic raw steel production was 1,440,000 net tons while the capability utilization rate was 60.2 percent. Production was 1,798,000 net tons in the week ending January 2, 2015 while the capability utilization then was 75.1 percent. The current week production represents a 19.9 percent decrease from the same period in the previous year. Production for the week ending January 2, 2016 is down 1.1 percent from the previous week ending December 26, 2015 when production was 1,456,000 net tons and the rate of capability utilization was 60.9 percent.

  Morning Nickel Price Statistics & Figures

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

Monday, January 4

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.01/lb  . Indicators at 6:15 am CST today show 3 month nickel trading around $.08/lb lower. Stockpiles of nickel fell on the last working day of 2015 and ended the year at 441,294 tonnes. This compares to 413,148 tonnes on the last day of 2014 and a record high of 470,376 tonnes on June 4th. SMM is reporting nickel ore stockpiles held at six major Chinese ports fell by 300,000 tonnes last week and ended the year at 9.97 million tonnes. This compares to 13.65 million tonnes at the beginning of 2015, but considering SMM forecast last January that China stockpiles would be depleted by April, the drop of 27% seems a lot less dramatic. Nickel closed at $6.72/lb the last day of 2014 and has treaded either side of the $4/lb level  since late November. With China closing in 4 weeks for their week long Chinese New Year you wouldn't expect to see nickel do much, but we could see some movement when funds begin to restructure commodity funds this month.  
  • Average price of cash nickel so far this month - N/A
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - LME copper starts 2016 on soft footing after bleak China data - 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 Halts Stock Trading After 7% Rout Triggers Circuit Breaker - more

    Nickel industry to tighten supply in 2016 - Nickel smelters in China may be forced to shut down or drastically slash their output—resulting in tighter supply for 2016— amid a continued decline in world prices. - more

    Base metals seen extending rout into new year - Copper and zinc lost a quarter of their value in 2015 while nickel fell by more than 40 per cent as slowing growth in top consumer China, a supply overhang and a strong US dollar hammered industrial metals. - more

    China's non-ferrous metal output slows in November - China's production of 10 major non-ferrous metals in November grew at a slower pace than a year ago, the top economic planner said Sunday. - more

    Ring of Fire junior miner heads to China for infrastructure money - KWG Resources’ ultimate dream of building a Ring of Fire railroad may have to be realized through a Chinese bank. - 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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