This page is archived news covering the period of January 2017
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

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Tuesday, January 31

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.39/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.10/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just under the 382,300 tonne level. Technically speaking, nickel broke out of a charted down trend on the upside yesterday, and traders, or trading computers, appeared to have noticed. Nickel is higher today, but fundamentals have not changed this week.
  • Average price of cash nickel so far this month - $4.53/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 climbs on supply concerns as dollar drops - 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
  • Bonds Slump as Inflation Tilts Bets Toward Stocks: Markets Wrap - more

    Nickel price picked as 2017 winner - New report forecasts 20% improvement in nickel price by end-2017 – copper, lead and zinc to retreat - more

    Mine Mill Local 598 and Glencore reach tentative agreement - Mine Mill Local 598/Unifor and Glencore Nickel Sudbury Operations came to a tentative collective agreement Jan. 30. - more

     EU imposes China, Taiwan with steel anti-dumping duties - The European Commission has decided to impose anti-dumping measures on two steel products from China and Taiwan. - more

     Aneka Tambang records highest production, sale - Indonesia's mining company PT Aneka Tambang (Antam) recorded the highest production and sale of ferronickel in history with its performance in 2016. - more

     Group files suit over PolyMet land swap - An environmental group officially filed a lawsuit to block the federal government’s land exchange with PolyMet, a crucial step in the company’s attempt to build a copper-nickel mine near Hoyt Lakes. - more

    Courtesy AISI - In the week ending on January 28, 2017, domestic raw steel production was 1,736,000 net tons while the capability utilization rate was 73.3 percent. Production was 1,607,000 net tons in the week ending January 28, 2016 while the capability utilization then was 68.7 percent. The current week production represents an 8.0 percent increase from the same period in the previous year. Production for the week ending January 28, 2017 is up 1.9 percent from the previous week ending January 21, 2017 when production was 1,703,000 net tons and the rate of capability utilization was 71.8 percent. - source

  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 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.30/lb . Indicators at 5:30 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouse fell on both Thursday and Friday and start the week just over the 381,000 tonne level. Nickel prices took a nose dive last Thursday, and have ben slowly recovering since. At one point, nickel was trading at $4.24/lb, its lowest point since June of last year. Interesting, because that was the last month we were at the 381,000 tonne level in LME nickel stockpile totals.  
  • Average price of cash nickel so far this month - $4.54/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 retreats as fading optimism over Trump weighs - 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
  • (Glencore) In 2016, global Ni consumption increased >8%, driven in part by a 20% increase for use in batteries.
  • European Bonds Hit by Inflation as Stocks Retreat: Markets Wrap - more

     Antam faces test as Indonesia shifts mining policy - Indonesia's surprise decision on the evening of Jan. 12, after the markets closed, to ease its mineral export ban sent ripples through Asia's nickel industry. - more

  • Indonesia's Antam 2016 ferronickel production up 18 pct - Indonesia's state miner PT Aneka Tambang Tbk said in a stock exchange filing on Monday: - more

     Gina Lopez to bare fate of 30 mining firms - Environment Secretary Gina Lopez will announce on Thursday her final decision whether to close down 30 mining operations that failed their initial audit a few months ago. - more

     Japan ferrochrome price decline limited by South African chromite prices - S&P Global Platts assessed the CIF Japan high-carbon ferrochrome price at $1.10-$1.15/lb Friday from $1.20-$1.25/lb a week ago as keen sellers looked to the Japanese market with China closed for Lunar New Year. - more

     Noront Resources: Bogged down in the Ring of Fire - Noront Resources boss Alan Coutts said his company is as committed as ever to the Ring of Fire. - more

    Trump's building plan boosts miner's spirits for Pilbara future - US President Donald Trump's trillion-dollar infrastructure plan is driving confidence in WA's mining industry, according to the head of an exploration and development company hoping to reinvigorate the Pilbara. - more

     Agreement with Zim power source - Zimbabwe's platinum miners and ferrochrome producers reached an agreement with power utility Zesa Holdings to pre-pay for power directly from regional suppliers amid dollar shortages in the country. - 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 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.40/lb . Indicators at 5:30 am CST today show 3 month nickel trading around $.00/lb unchanged. Stockpiles of nickel stored in LME approved warehouses rose for a third consecutive day and now total just over the 382,000 tonnes level. Total stockpile numbers have gone up by over 10,000 tonnes in the last three days. Nickel was down sharply yesterday morning, recovered yesterday afternoon, and has done little today so far. For the week so far, nickel prices are down, stockpiles are up, and for a moment, one might think supply and demand numbers actually matter again. All is quiet on the Chinese front as many manufacturers are shut down for the Chinese New Year season. For those who haven't yet, they will be closed next week. This is our last update for the week so we wish each of you a safe and relaxing weekend.  
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 scales 2-month peak on Chile supply fears, softer dollar - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Stocks Rally Gathers Pace as Bonds Slide: Markets Wrap - more

     Nickel prices up as PH goes after erring mines - Global prices of nickel rose by 5 percent in the fourth quarter of 2016 compared to the previous three months, partly due to the ongoing Department of Environment and Natural Resources (DENR) audit of mines, according to the World Bank. - more

    Independence boss plays down effects of Indon nickel policy - Independence Group boss Peter Bradford says he still expects improvement in nickel prices this year, despite Indonesia’s move to relax bans on the export of low-grade ore. - more

    South32's Production Volumes of Mn and Ni in Oct-Dec 2016 = Production of manganese ore is 1.253 million tons, and production of nickel is 9,000 tons = According to the production and sales results in the 2nd quarter of 2017 (from October 1 to December 31 in 2016) announced by South32 on January 19, the production volumes in this period were Manganese ore: 1.253 million tons (up by 38% from the year-earlier period), Manganese-containing ferroalloy: 56,000 tons (down by 15% ditto) and Nickel: 9,000 tons (up by 2% ditto). - more

     BHP’s Nickel West Kwinana refinery hits record output - BHP Billiton’s Kwinana nickel refinery hit record production levels in the December quarter as the global mining giant’s unloved WA nickel assets booked a big lift in exports. - more

    China's 2016 industrial profits rise most in 3 years on commodities recovery - Profits for China's industrial firms rose the most in three years in 2016 as a construction boom fueled a rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of 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

Wednesday, January 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.44/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.11/lb lower. Stockpiles of nickel stored in LME approved warehouses rose by an unusually large amount for a second consecutive day and now total just over the 380,100 tonne level.  This is the highest numbers we have seen in LME inventory numbers since June of last year. And traders are obviously paying attention, with nickel prices down sharply today on the news.
  • Average price of cash nickel so far this month - $4.58/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 - Chile strike fears help fuel copper's rise to two-month high - 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
  • Asian stocks creep to 3-month highs, dollar drifts - more

     Global steel output rises 0.8 pct in 2016 vs 2015 - Global crude steel output rose by 0.8 percent last year, industry data showed on Wednesday, as mills in top producer China churned out more metal to meet higher demand even as Beijing cracked down on excess capacity. - more

    European stainless surcharges up in February despite nickel price drop - Monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe are set to rise again in February as strong ferrochrome prices have offset the recent weakness in nickel prices, first mill announcements indicated Monday. - more

     BHP Billiton really can shrink to greatness - Just a year ago, Andrew Mackenzie's shrinking Australian arm was stepping prudently but painfully towards abandonment of its progressive dividend policy of legend and trying to get its collective wit around how to cope with a sub-US30 a barrel oil price. - more

     Trial dates set in Lockerby Mine deaths - The now-bankrupt owner of Lockerby Mine and an Alberta company are headed to trial in early April for an incident in the Sudbury mine in 2014 that killed two workers. - 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 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.41/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel store in LME approved warehouses rose sharply on Monday and now total just over the 375,500 tonne level. With a week left in the month, and the closing of China for a national holiday, we most likely will see another monthly gain in nickel stockpiles. Nickel is meandering this morning, showing little enthusiasm with a stronger US Dollar adding negative pressure.
  • Average price of cash nickel so far this month - $4.59/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 - Weak dollar leads copper markets higher - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Citi Bank) "Recent Indonesian and Filipino nickel supply news reinforce our view that nickel will be the base metals underperformer in 2017."
  • Dollar steadies after stumble, sterling rides out Brexit ruling - more

    Western Areas reviewing impact of Indonesia’s export ban reversal - Nickel miner Western Areas said on Tuesday that it was reviewing the impact of Indonesia’s decision to relax its export ban on unprocessed minerals. - more

    Trump facing infrastructure spending resistance as miners hopeful $1.3 trillion still on table - After tearing up the Trans-Pacific Partnership, a promise from the campaign trail, Australian miners and service providers hope US President Donald Trump will get through another pledge — his massive infrastructure spend. - more

     Idle chrome mines need to be released by miners - Zimbabwe’s government says it will prescribe deadlines for chrome mining companies to release unutilised reserves this year with a target to reclaim 40 000 hectares of chrome-rich idle grounds. - more

    An abundant resource for the future - more

     Andrew Forrest - philanthropic billionaire - Andrew "Twiggy" Forrest is the billionaire iron ore miner who has increasingly developed a reputation as a philanthropist who wants to use his wealth to help the less fortunate. - more

     Courtesy AISI - In the week ending on January 21, 2017, domestic raw steel production was 1,703,000 net tons while the capability utilization rate was 71.8 percent. Production was 1,607,000 net tons in the week ending January 21, 2016 while the capability utilization then was 68.7 percent. The current week production represents a 6.0 percent increase from the same period in the previous year. Production for the week ending January 21, 2017 is down 0.8 percent from the previous week ending January 14, 2017 when production was 1,716,000 net tons and the rate of capability utilization was 72.3 percent. - source

  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 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.40/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouses rose sharply on Thursday and slipped slightly on Friday, and start the week just under the 372,000 tonne level. Nickel slumped to its lowest level since mid September 2016 on Friday, and a weaker US Dollar is helping it regain some of its composure today. Falling back below the $10,000/tonne level is psychologically important to traders, with prices in a down trend since the eleventh.  
  • Average price of cash nickel so far this month - $4.61/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 climbs on weaker dollar, Trump spending hopes - 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
  • Stocks, Dollar Dip as Metals Rise on Trump Jitters: Markets Wrap - more

    Axiom moving to launch production despite nickel's travails - The surprise easing of nickel export bans in Indonesia as the Philippines has been ramping up its efforts to force some producers to shut down has muddied the water for the near-term outlook for the metal. - more

    Nickel factory workers demand enforcement of investment law - Nearly 1500 workers from a strike-plagued nickel factory in Sagaing Region launched a protest this week over a perceived loss of job opportunities and alleged discrepancies between how the foreign and local staffers are treated. - more

    Russia Aluminum Exports Rise, Nickel and Copper Exports down Jan.-Nov. 2016 - The State Customs Committee of the Russian Federation data showed the country’s aluminum exports increased during the first eleven months of 2016, while nickel and copper exports fell, according to chinaccm.com. - more

     S&P Global Platts China Steel Sentiment Index Slumps in January - Chinese steel market sentiment slumped in January ahead of the Lunar New Year holiday period at the end of the month, with expectations for long and flat steel product prices falling markedly, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI), which showed a headline reading of 34.13 out of a possible 100 points. - more

    Finland's Terrafame nickel mine makes quarterly profit - Finland's State-owned nickel and zinc mine Terrafame, which is looking for buyers, reported on Thursday it had returned to profit in the fourth quarter on the back of growing production volumes and rising metal prices. - more

     'Waiting for justice' - The silence was gut-wrenching in a Sudbury courtroom last year for the families of two men attending preliminary proceedings into charges in the deaths of their loved ones May 6, 2014 at Lockerby Mine. - more

    LME's pitch for share of gold market faces bumpy ride - Fears of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange's new suite of gold contracts, potentially leaving the exchange reliant on the threat of an increasing regulatory burden to drive uptake. - 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 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.62/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.06/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 371,000 tonne level. The trading price of nickel is down sharply in the last few hours. We show support at $4.53/lb. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 turns positive on expected China growth, strong U.S. 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
  • Dollar bounces back, bond yields jump on Yellen's rate guidance - more

     Contract Price of LC FeCr in Period from Jan to Mar Cents 216 - 217 = Up by Cents 25 from prior period, which is largely due to increased price of chrome ore = The price of low-carbon ferro-chrome in the period from January to March Japanese special steel mills and overseas ferroalloy producers were negotiating was finally fixed at US Cents 216 - 217 per lb. - more

     Russia Aluminum Exports Rise, Nickel and Copper Exports down Jan.-Nov. 2016 - The State Customs Committee of the Russian Federation data showed the country’s aluminum exports increased during the first eleven months of 2016, while nickel and copper exports fell, according to chinaccm.com. - more

     DENR cancels permits of 4 mines... - The Department of Environment and Natural Resources has cancelled the environmental permits for four more mining projects, including one planned nickel venture, wood works and reclamation projects on a months-long crackdown on the resources sector. - more

  • DENR cancels ECCs of 6 companies - more

     Indonesia rocks markets by easing mining export laws - A controversial ban on the export of raw minerals from Indonesia has been relaxed, causing confusion and consternation in commodities markets. - more

     Oman's Gulf Mining to triple high carbon ferrochrome capacity by 2020 - Oman's Gulf Mining plans to triple its high-carbon ferrochrome production capacity by 2020 amid strong demand, Chief Executive Officer Mohammed Al Shabibi said Thursday. - more

      Steel scrap prices up 80% amidst drop in domestic demand, says Japan - The domestic demand for scrap remained weak over the past one year. However, prices surged higher by over 80% during this period. - more

     Activists apply for judicial review of relaxation of mineral export ban - A group consisting of law experts and environmental activists plans to file a request for a judicial review with the Supreme Court against new regulations extending a relaxation of an export ban on mineral ores, which, it says, have violated the law. - more

     Clive Palmer’s nephew ordered home to face Queensland Nickel grilling - Clive Palmer’s gallivanting nephew Clive Mensink has been summoned back to Australia to be grilled at new Federal Court hearings into the collapse of Queensland Nickel. - more

      Survey: Manufacturers Have Positive View of Trump - The stock market experienced a Trump Bump immediately following the 2016 presidential vote, with investors encouraged by the possibility of a more business-friendly atmosphere in Washington. - 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 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.61/lb . Indicators at 5:30 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 371,250 tonne level. Indonesia's decision late last week to allow nickel ore exports again stole some of the momentum nickel traders had, but the Philippines decision to close more nickel mines this morning, could reinvigorate traders. For now, it appears to have helped slow the decline in nickle prices and time will tell if this helps nickel break out of its current trend. The gap between the 20 and 200 MVA is now down to $.30/lb, with the current price near the low end of the spread.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 reverses overnight loss on currency plays - 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
  • Stocks, dollar steady after Trump-led dip - more

      Philippines cancels environmental permits of four miners - The Philippines has cancelled the environmental permits for four more mining projects, including one planned nickel venture, as the world's top nickel ore supplier deepens a months-long crackdown on the resources sector. - more

     Increase the import duty on stainless steel flat products: K K Pahuja - Bogged down by an unprecedented surge in imports in last three years especially from China and to remain globally competitive, Indian Stainless Steel Development Association (ISSDA) has recommended government to increase basic import duty on stainless steel (SS) flat products from 7.5 percent to 12.5 percent and to abolish the import duty on key raw materials like ferro nickel, pure nickel, ferro moly and SS scrap to nil. - more

      Rising scrap metal prices put squeeze on Japan steelmakers - Ferrous scrap used as a raw material for steel has jumped in price to a roughly two-year high on strong overseas demand driven by a weak yen and a rebound in steel prices in China, putting Japan's electric-furnace steelmakers in a tight spot. - more

     Clive Palmer's plans for new open-cut mine outrages sacked Queensland Nickel workers - Clive Palmer is looking to build a new open-cut coal mine on his central Queensland cattle station, despite his collapsed Queensland Nickel refinery still owing more than $300 million. - more

     Courtesy AISI - In the week ending January 14, 2017, domestic raw steel production was 1,716,000 net tons while the capability utilization rate was 72.3 percent. Production was 1,607,000 net tons in the week ending January 14, 2016 while the capability utilization then was 68.7 percent. The current week production represents a 6.8 percent increase from the same period in the previous year. Production for the week ending January 14, 2017 is up 1.9 percent from the previous week ending January 7, 2017 when production was 1,684,000 net tons and the rate of capability utilization was 71.0 percent. - source

  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 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.65/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just over the 372,100 tonne level. Stockpiles are now higher than they were on the first day of 2017. Nickel is lower this week, but only $.35 separates the 20 day moving average and the 200 day MVA, with the current trading price in between. Confusion reigned before Indonesia's decision, and it has changed little after.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides as markets fret over Brexit, Trump - 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
  • Trump, Brexit uncertainty hit stocks and dollar, gold jumps - more
  • Tropical Pacific Ocean remains ENSO neutral - more

      Implications of Indonesia’s Decision to Relax the Nickel Ore Export Ban - After many months of uncertainty, the Indonesian government has announced an easing of the nickel ore ban, which was introduced back in 2014. We believe that the announcement has the following implications.- more

    Flip-Flopping the Mining Law: What are Indonesia's New Mining Rules? - Over the past couple of months, as the three-year delay was approaching its deadline, there was a high degree of uncertainty about whether the Indonesian government would indeed ban all shipments of mineral ore per January 2017, or would, again, allow another delay. - more

  • Indonesia to export 5.2 million tonnes of nickel ore per year - more
  • Indonesian nickel exports a boon for 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

Monday, January 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.74/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.04/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and Friday and start the week just over the 369,700 tonne level. Indonesia's decision is all traders are talking about, nad the questions left by the decision. How much nickel ore will actually be exported and what affect thaose exports might have, are questions yet to be answered. US traders are off due to the Martin Luther King holiday.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 retreats after rally to five-week high - 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
  • Brexit Plans Rattle Pound and Stocks as Gold Rises: Markets Wrap - more

    Indonesian Officials Say Miners' Nickel Ore Exports "Comparable" to Smelter Capacity - Indonesia's senior mining officials defended the government's new rules on Saturday (14/01), saying the amount of nickel ore and bauxite that can be exported by miners from the country will be "comparable" to their smelter capacity. - more

  • Indonesia won’t flood nickel market – minister - more
  • Nickel smelters consider suing Indonesia after ore export ban U-turn - more
  • New Indonesian mining laws to impact Australian nickel companies - more

    Indonesia rocks the nickel market (again): Andy Home - Almost exactly three years ago Indonesia rocked the global nickel market by banning the export of unprocessed minerals. - more

     Ni SUS Scrap Purchase Price in Kanto in Jan Starts with JPY130,000/135,000 = Some of pick-up traders raise purchase price before end of year = Stainless steel mills in the Kanto area now offer the purchase price (delivered at plant) of nickel-containing stainless steel scrap (SABOT) at the range from JPY130,000 to JPY135,000. - 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 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.62/lb . Indicators at 5:50 am CST today show 3 month nickel trading around $.13/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 371,800 tonne level. Indonesia recently announced miners in that country can resume shipping nickel ore, if production exceeds what their smelters can process. Nickel is dropping like a rock on the news as traders bail on speculative bets they would not such a change. This is our last update for the week, so we wish each of you a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.65/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 rises on weak dollar as electronic trade resumes - 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
  • Dollar Slumps, Bonds Rally as Trump Bets Unwind: Markets Wrap - more

    Indonesia eases export ban on nickel ore, bauxite - Indonesia on Thursday eased a ban on exports of mineral ores to allow mineral concentrates, as well as nickel ore and bauxite, to be shipped from the key global supplier. - more

   Chinese domestic chrome ore prices fall, import prices hold stable -  Chrome ore prices in the Chinese domestic spot market have fallen this month ahead of the Lunar New Year, while import prices are holding stable, market sources said Thursday. - more

    Funds keep the faith with the base metals turnaround story: Andy Home - This time last year the base metals complex was all doom and gloom - more

     Study Describes New Method to Remove Nickel from Contaminated Seawater - The same deposit that builds up in many tea kettles or water pipes in areas where calcium-rich water is the norm might be just the (cheap) ticket to rid contaminated seawater of toxic metals - more

    W(h)ither Zimbabwe - Business executives and economists warn that 2017 will probably be worse for Zimbabwe than the financial difficulties, cash shortages and curtailed access to capital that were experienced in the country in 2016. - more

     Scientists Say They Have Discovered The Missing Element Inside The Earth’s Core - The final ingredient is most likely silicon, study suggests About 85 percent of the Earth’s core is made up of iron while nickel accounts for additional 10%. However, the remaining 5% is still a mystery. - 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 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.81/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses fell slightly for a second day on Tuesday and now total just over the 371,900 tonne level. We expect Indonesia to announce a change in their nickel ore export ban tomorrow, but we doubt they will return to the 'wild west' days of 'dig it and ship it'. Unless they leave the ban completely in place, any change will help alleviate the tension being caused by the anti-mining government in the Philippines and mine closures there. Traders are apparently betting the ban will stay in place, but we feel that is a risky gamble.  
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/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 4-week high ahead of Trump news conference - 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
  • Dollar Gains Before Trump as Oil Rises on OPEC Cut: Markets Wrap - more

    Indonesia to issue new mining rules this week -minister - Indonesia will issue new rules for miners this week, the mining minister said late on Tuesday, which will cover contracts and permits, exports, taxes, divestment obligations and domestic processing requirements, among other issues. - more

  • Nickel Prices Under Pressure as Indonesia Will Issue New Mining Rules - more

    Export Volume of SUS Products in November 2016 Is 78,386 Tons = Down by 13% from prior month, and exports to South Korea and Taiwan are drastically down = The export result of stainless steel products in November 2016 which was compiled by the Japan Iron and Steel Federation based on the foreign trade statistics prepared by the Ministry of Finance was 78,386 tons, down by 13.2% from 90,269 tons in the prior month. - more

    Japan's stainless steel scrap exports surge 10% in November - According to latest scrap trade data published by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap exports edged higher during the month of November this year. - more

    Lawsuit targets PolyMet project - Two environmental groups on Tuesday said they will filed a lawsuit to block the proposed Polymet copper-nickel mine near Hoyt Lakes, less than 24 hours after the federal government signed off on a milestone land exchange. - 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 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.71/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME approved warehouse fell on Monday and now total just under the 372,000 tonne level. Very quiet news day. Nickel punched thru a technical line of resistance yesterday and looks strong today.
  • Average price of cash nickel so far this month - $4.61/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 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 rises; Shanghai zinc, lead buoyed by shutdowns - 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
  • Dollar Retreats as Trump Euphoria Ebbs, Gold Gains: Markets Wrap - more

     The creeping revolution in industrial metals trading: Andy Home - The way in which industrial metals are priced is starting to change. - more

   Molybdenum prices to rise in 2017 as demand recovers: Cochilco -  Molybdenum prices will rise over the next two years as rising demand tightens a global surplus of the metal, a Chilean government agency said in a report Thursday. - more

    Scarce Minerals Are Running Out: Mining Quotas Are Needed - To ensure that sufficient zinc, molybdenum and antimony are available for our great grandchildren’s generation, we need an international mineral resources agreement. - more

    Courtesy AISI - In the week ending on January 7, 2017, domestic raw steel production was 1,684,000 net tons while the capability utilization rate was 71.0 percent. Production was 1,607,000 net tons in the week ending January 7, 2016 while the capability utilization then was 68.7 percent. The current week production represents a 4.8 percent increase from the same period in the previous year. Production for the week ending January 7, 2017 is up 5.8 percent from the previous week ending December 31, 2016 when production was 1,592,000 net tons and the rate of capability utilization was 67.1 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 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.65/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Friday and start the week just over the 372,000 tonne level. News that Indonesia might be ready to drop or change its nickel ore export ban is keeping the nickel market under pressure.
  • Average price of cash nickel so far this month - $4.60/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper steadies as dollar, holidays hang over trade - 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
  • Currencies Gripped by Political Risk, Oil Slumps: Markets Wrap - more

     Refined nickel prices under pressure as output forecast to rise - Refined nickel prices will remain under pressure in the coming weeks as the impending moderation of Indonesia's mineral ore export ban and consequent resumption of nickel exports will increase global nickel supply, new analysis by Fitch-affiliated BMI Research has shown. - more

    Opportunity remains for nickel, bauxite exports in draft regulation - A recent draft government regulation, the fourth revision to Government Regulation No. 23/2010 on the management of mineral and coal businesses, leaves open the possibility for nickel and bauxite exports. - more

  • Indonesian Mining Group Seeks to Export Low-Grade Nickel Ore - more

    Nickel miner seeks to lift DENR order cancelling mining permit - Ipilan Nickel Corp. is seeking to have its mining permit restored by the Department of Environment and Natural Resources (DENR), as has been no basis for cancelling its Environmental Compliance Certificate (ECC). - more

    Steel Ministry urges for reduction of import duty on raw materials - With a move to revive the Steel sector, the Steel Ministry has sought reduction of import duty on coking coal, nickel and gas, during the upcoming Union Budget 2017-18. - 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 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.63/lb . Indicators at 5:30 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 370,900 tonne level. Nickel rose yesterday., but remains lower than December's average on fundamentals that turned negative at years end. Chinese nickel producers are forecasting Chinese stainless steel production could suffer this year as China shuts down older mills to help curb pollution. Indonesia could potentially reverse a three year ban on nickel ore exports, although we have our doubts they will drop it completely, if at all. The new Philippines government has been about as hostile toward mining as one could imagine, but New Caledonia, as well as other countries, will help pick up some of the slack. And production for processed nickel worldwide, remains strong. Traders are trying to determine what 2017 will bring, and earlier optimism has cooled some. This is our last update for the week, so we wish each of you a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.58/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 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 builds on China demand - 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
  • Dollar Rally Stymied by China, Fed as Gold Climbs: Markets Wrap - more
  • World stocks hit 1-1/2 year high after strong China data - more

    Nickel Prices Fall as Gov't Plans to Relax Export Ban  - Nickel prices for May's contracts fell in Shanghai following possibilities that Indonesia will loosen its ore export ban. This expectation came after on January 4, 2017, the Indonesian Mineral Businesses Association asked the government to allow the export of low-grade nickels. - more

    Chinese buyers seek ferrochrome imports despite Lunar New Year slowdown - Chinese steelmakers and ferrochrome plants are sending inquiries for spot ferrochrome and chrome ore imports, despite seasonal demand slowdown ahead of the Lunar New Year holidays in three weeks, market sources said Thursday. - 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 4

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.50/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 over the 371,700 tonne level. Nickel fell to 3-1/2 months low this morning before the US Dollar lost some steam, and this has helped commodities gain some momentum. Nickel fell out of the range it had been trading in since a spike after the US election, around Christmas time, and it is back in the price channel it traded in last fall.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2015 - $5.37/lb / 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 rebounds as dollar loses some steam - 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
  • Risk-On Tide Lifts Developing World to Commodities: Markets Wrap - more

    More flood aid from New Caledonia Nickel Fund - New Caledonia's Nickel Fund has released almost $US500,000 in a one-off payment to repair flood damage in Houailou. - more

    Global mining industry sees potential growth in 2 years - The global mining industry is set for an increasing confidence of potential growth over the next two years, Frost & Sullivan reported. - more

     Russia’s stainless steel exports surged 4% in November; Japanese exports declined - The latest trade statistics released by the Russian SpetsStal Association suggests marginal increase in exports of stainless steel products by the country during the month of November this year. - more

     PPMAI urges govt to cut import duty on steel, metal products - The city-based Process Plant and Machinery Association of India (PPMAI), which represents the capital goods and process equipment manufacturing industry in the country has urged the government to reduce the import duty on steel and stainless steel and other metal products to 7.5 per cent level to keep capital goods industry in good health. - more

    Nyota Minerals to sell 70% stake in nickel miner to minority shareholder - Miner Nyota Minerals has agreed to sell its 70% stake in nickel miner KEC Exploration to a minority shareholder and director of KEC, for €12,500. - more

    Zimbabwe: Mining Firm Slapped With $20m Lawsuit - Asa Resources has been slapped with a $20 million lawsuit by a group of local investors, Zindico Consortium, for refusing to acknowledge a share purchase agreement signed in 2013 with the mining group, then known as Mwana Africa Plc. - more

    Courtesy AISI - In the week ending on December 31, 2016, domestic raw steel production was 1,592,000 net tons while the capability utilization rate was 67.1 percent. Production was 1,485,000 net tons in the week ending December 31, 2015 while the capability utilization then was 62.1 percent. The current week production represents a 7.2 percent increase from the same period in the previous year. Production for the week ending December 31, 2016 is down 2.7 percent from the previous week ending December 24, 2016 when production was 1,636,000 net tons and the rate of capability utilization was 69.0 percent. - source

  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 3

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.55/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses rose to end 2016 and start the new year just over the 372,050 tonne level. During the prior 12 weeks, cash nickel traded between a February low of $7550/tonne to a November high of $12,132/tonne. LME stockpiles of nickel started 2016 at 448,314 tonnes and starts this year at 372,066 tonnes. The market is still waiting a decision from Indonesia on their future plans for nickel ore exports.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2015 - $5.37/lb / 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 - Fundamentals drive copper up at start of year - 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
  • El Niño–Southern Oscillation remains neutral - more
  • Stocks Gain With Commodities Amid China Optimism: Markets Wrap - more

    Industrial metals end 2016 on high note after bleak start - Industrial metals have had one of their best years in recent history as receding worries about demand and expectations of tighter supplies fuelled a buying spree that took zinc prices to nine-year highs. - more

    S&P Global Platts China Steel Sentiment Index Softened in December - Chinese steel market sentiment softened slightly in December but expectations for long and flat steel product prices remained extremely buoyant, according to the latest S&P Global Platts China Steel Sentiment Index , which showed a headline reading of 52.62 out of a possible 100 points.- more

    New Caledonia approves extra nickel ore exports to China  - The government of New Caledonia has approved requests from three mining companies to export as much as 2 million tonnes of low-purity nickel ore annually to China as part of efforts to help the industry to recover from a prolonged slump in prices. - more

    Indon nickel export rethink worries local producers - Local nickel producers will be eyeing political developments in Indonesia with concern early this year, as its Government considers relaxing export bans on low-grade ore that have helped boost commodity prices. - more

    Ravensthorpe nickel mine fined over near-fatal sulphuric acid spill - The Canadian owners of the Ravensthorpe nickel mine in WA's south have been fined $40,000 after a near-fatal accident two years ago. - more

    Nickel mine invests $19m on smelter plant - Bindura Nickel Mine has committed $19,5 million towards the restart of its smelter plant at Trojan Mine. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • India MCX Nickel Price - more  more
  • 100 Years of Stainless Steel Video - online here
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