This page is archived news covering the period of July 2013
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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Nickel Prices

Stainless Steel News

Wednesday, July 31

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $6.13/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading mostly higher as well. Stockpiles of nickel rose by a huge amount yesterday and set the ninth all time record high this month. Stockpiles rose by over 2200 tonnes in one day and now total 203,028 tonnes. Base metals appear to be up this morning as traders square up their books for month end, and start placing their bets on what the different PMI's will tell us tomorrow. Asian markets ended lower overnight, European markets are lower this morning, except for Great Britain, and US futures are flat in anticipation of a Fed announcement today at the conclusion of their two day meeting. It was rather stunning to see already record breaking stockpiles of nickel increase by another full percentage point in this morning's reports. On this date in 2012, LME licensed warehouses held 114,912 tonnes of nickel. That amount has nearly doubled in a years time. Three month nickel ended that trading day in 2012 at $7.26/lb. And while raw material costs are down, it should be noted that the big three US stainless steel producers have announced  price 'increases' over the past two days. As Ripley would say 'Believe it or not'.
  • Average price of cash nickel so far this month - $6.22/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/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 rises on month-end buying, Fed caution caps gains - more
  • LME Morning - Base metals edge higher but Chinese growth concerns cap rises - more

  Reports

  • Desjardins Commodity Trends - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 82.32
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (CK) The combined output of China's ten nonferrous metals rose 10% year on year to 19.47 million metric tons in the first half of this year, accelerating from a 6.7% growth in the same month of 2012, according to the latest statistics released by the National Development and Reform Commission.
  • Commerzbank analyst Eugen Weinberg - "Sentiment right now is not very much in favour of commodities. The whole industrial metals complex is under pressure and it is very much about China."
  • Universal Stainless Reports Second Quarter 2013 Results - more
  • Man charged in theft of nickel plates worth $110K - more

    AK Steel Press Release - AK Steel said today that it will increase base prices for 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on August 1, 2013. AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled non-automotive exhaust products. Further, effective with shipments on October 1, 2013, AK Steel will increase prices on all stainless products. This increase will be achieved through a reduction in the functional discount of an additional two percentage points for cold rolled and hot rolled non-automotive exhaust products. Also, base prices for automotive exhaust grades will be increased by $0.02 per pound to $0.04 per pound, depending on the grade, effective on October 1, 2013. Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect, and can be found under the Markets and Products section of the company’s web site at www.aksteel.com.

    Allegheny Ludlum Press Release - Effective with shipments beginning on August 1, 2013, ATI Allegheny Ludlum is increasing base-selling prices for all 200 series grades, 300 series grades, and ATI 430™ cold-rolled sheet and strip, hot-roll and cold-rolled tubular quality sheet and strip, and Precision Rolled Strip® products. This price increase will be achieved by reducing the functional discount by two percentage points. The polish discount on all grades will be lowered by 10%. ATI Allegheny Ludlum is also increasing base-selling prices by $0.04/lb. on all hot-roll and continuous-mill plate and plate-mill plate products. In addition, effective with shipments on October 1, 2013, ATI Allegheny Ludlum is increasing base-selling prices for all 200 series grades, 300 series grades, and ATI 430™ cold-rolled sheet and strip, hot-roll and cold-rolled tubular quality sheet and strip, and Precision Rolled Strip® products. This additional price increase will be achieved by reducing the functional discount by two percentage points. ATI Allegheny Ludlum is also increasing base-selling prices by $0.04/lb. on all hot-roll and continuous-mill plate and plate-mill plate products. This action is necessary to support continued growth and investment in our business. We appreciate your continued support as we implement these price increases. Please contact your ATI Allegheny Ludlum sales representatives for further details.

    North American Stainless Press Release - For the month of August 2013, North American Stainless will maintain the fuel surcharge at 33% for stainless flat and long products. The surcharge rate is considered a maximum level for August and will be reviewed monthly.

    Indonesia's Antam nickel ore output up by half in H1 - Indonesian miner Antam reported a 50 percent year-on-year jump in nickel ore production for the first half of the year and said its $490 million alumina refinery will start operating in October, three months ahead of schedule. - more

    Nickel Institute to Address Critical Challenges for Nickel Users - As the Nickel Institute regularly receives questions from downstream and end-users at the global level regarding the classification and regulatory developments on nickel and nickel chemicals, a special workshop on the topic is being scheduled on September 11, 2013 from 9am to 5:30pm, in Toronto, Canada. - more

    Huge nickel shipment drives up Marcventures' 1H net income - Marcventures Holdings Inc today announced that its mining subsidiary enjoyed a surge in net income in the first six months of the year. - more

    Zimbabwe: BNC Raises Red Flag - Bindura Nickel Corporation warned of potential material uncertainty on its status as a going concern if it fails to obtain short-term bridging finance and execute a revised mining plan. - more

    Construction company wants its due as mine waits out prices - A Manitoba construction company caught up in the mining industry slowdown caused by declining metal prices has been stuck with unpaid invoices for work on a northern Manitoba nickel mine that's temporarily shut down. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Tuesday, July 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.21/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.09/lb lower, with other London traded base metals also lower. Stockpiles of nickel stored in LME approved warehouses reached a new all time record high on Monday, with a new total of 200,7890 tonnes. Nickel has returned to its bearish trend, with trading today threatening to break below support at $6.15/lb. Asian markets ended higher overnight, European markets are trading higher on a positive German consumer confidence index report, and US futures are higher as the US Fed begins a two day meeting and the market awaits a consumer confidence report release. Nickel broke the all time record high stock levels in licensed warehouse for the eighth time this month, which is adding negative pressure on nickel pricing.  
  • Average price of cash nickel so far this month - $6.23/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning -
  • LME Morning - Metal prices resume slide, copper/aluminium set 3-wk lows - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 82.31
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (WSJ) OAO Norilsk Nickel, the world's largest nickel and palladium producer, said Monday its second-quarter nickel output fell 5% on the quarter to 67,814 metric tons due to short delivery of semi-products from two facilities and the mothballing of the Lake Johnston mine in Australia.
  • (SSY) China's daily steel production for the ten day period from 11-20 July rose by 2.3% to 2.130 Mt, according to data from the China Iron and Steel Association. This represents an increase of 6.9% year-on-year, although it compares with a peak daily rate of 2.193 Mt in early May.
  • (AM) China refined nickel production up by 22.2% MOM in June
  • Nickel Asia's earnings drop 50% in H1 2013 - more
  • IMOA launches series of case studies - more
  • Negative Indian Ocean Dipole; ENSO remains neutral - more

    North American Stainless Press Release - Effective with shipments August 1st North American Stainless will increase prices for grades 200, 300, and 430 in Cold Rolled products. This increase will be achieved by reducing the functional discount by (2) discount points. The polish discount will be lowered by 10% and Hot Roll products in 200 and 300 series will increase by $80.00 ton. Furthermore, effective with shipments October 1st North American Stainless will increase prices for grades 200, 300, and 430 in Cold Rolled products. This increase will be achieved by reducing the functional discount another (2) discount points and Hot Roll products in 200 and 300 will increase by another $80.00 ton. These increases are necessary to support further investment in our business. All applicable surcharges will remain in effect, as outlined on our company website.

    Indonesia's Antam nickel ore output up by half in H1 - Indonesian miner Antam reported a 50 percent year-on-year jump in nickel ore production for the first half of the year and said its $490 million alumina refinery will start operating in October, three months ahead of schedule. - more

  • Indonesia’s Antam Reports Increase in Ferronickel, Nickel Output - more

    Norilsk Billionaire CEO Calls for Bank Exit From Metals Storage - Billionaire Vladimir Potanin, the head of the world’s largest producer of nickel and palladium, urged regulators to take measures to prevent banks from manipulating markets by storing and trading metals. - more

    French mining group Eramet reports loss due to low nickel prices - The French mining group Eramet has reported a net loss for the first six months of the year, citing a sharp decline in nickel prices and said it would step up its cost cutting plan. - more

    Fire at New Caledonia’s SLN plant - Staff at SLN’s nickel plant in New Caledonia’s capital Noumea have been evacuated after a fire at the facility. - more

    Courtesy AISI - In the week ending July 27, 2013, domestic raw steel production was 1,871,000 net tons while the capability utilization rate was 78.1 percent. Production was 1,823,000 tons in the week ending July 27, 2012, while the capability utilization then was 73.3 percent. The current week production represents a 2.6 percent increase from the same period in the previous year. Production for the week ending July 27, 2013 is down 1.7 percent from the previous week ending July 20, 2013 when production was 1,904,000 tons and the rate of capability utilization was 79.5 percent.

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Monday, July 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $6.28/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading mixed and mostly sideways. Stockpiles of nickel stored in LME approved warehouses rose on Friday and now total just under the 200,300 tonne level , just 53 tonnes shy of the all time record high. Asian markets ended lower on economic concerns, European markets are trading higher so far today on merger news, and US futures are down slightly on pessimistic concerns of this weeks release of economic data. The closely watch Purchasing Managers Index will be reported on Thursday, while the US Fed will meet on Tuesday and Wednesday. Nickel is off last weeks highs, with support at $6.15/lb. We could see some volatility this week in base metals trading, with external market news impacting the Euro/Dollar exchange.  
  • Average price of cash nickel so far this month - $6.23/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Swings Between Gains and Drops as China Orders Debt Audit - more
  • LME Morning - Metals prices slide to multi-week lows, demand outlook cloudy - more

  Reports

  • World Crude Steel Production - pdf here
  • Sucden Quarterly Metals Report - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 82.24
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) The preliminary July reading for HSBC's Flash Manufacturing Purchasing Managers Index for China fell to 47.7, the lowest level since August 2012. July's reading was the third consecutive month below 50, which signifies contraction.
  • Russia Stocks Drop on Magnit Report as Norilsk Falls on Output - more
  • Xstrata donation stocks tool boxes for heavy duty equipment program - more

    China's NPI Production Slows Down Due to Slumping LME Ni Price =Downward adjustment is made from initial annual production of 400,000 tons to 380,000 tons= Albeit China's production of nickel pig iron (NPI) has rapidly increased since 2007, it is anticipated to slow down slightly in 2013. - more

    Chaos erupts as miners protest on Friday at Glencore Xstrata Steelpoort mine - Business Times reports that three buses were torched and rubber bullets were fired during a march at Glencore Xstrata Alloys' Eastern Chrome mines near Steelpoort on Friday as protesters demanded the reinstatement of fired employees. - more

    Norilsk 2Q Nickel Output Down 5% On Short Delivery and Facility Closure - OAO Norilsk Nickel, the world's largest nickel and palladium producer, said Monday its second-quarter nickel output fell 5% on the quarter to 67,814 metric tons due to short delivery of semi-products from two facilities and the mothballing of the Lake Johnston mine in Australia. - more

    ERAMET : 1st half 2013 results - Patrick Buffet, Chairman & CEO of the ERAMET group, stated: "The ERAMET Group, while benefiting from the 20% increase in current operating income achieved by ERAMET Manganese, a division that accounts for almost 50% of the Group's turnover, is heavily impacted by nickel prices' fall to very low levels. - more

    Munali mine to reopen soon, says Yaluma - Munali Nickel Mine can resume operations anytime soon following the return of its Chinese shareholders, says mines minister Christopher Yaluma. - more

    Photos show shocking state of Ramu pipeline - New photos from Madang Province show the shocking state of the Chinese built pipeline that transports mined ore from the Ramu mine site to the refinery at Basumuk. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Friday, July 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $6.43/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.09/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and now totals just under the 199,600 tonne level. Asian markets ended lower overnight, with Japan falling 3%. European markets are trading lower this morning, and US futures are lower as well. Nickel was unable to close above resistance of $6.45/lb for a second day, and are trading lower again today. The technical signal is now sell, so we will see if traders let the computers guide their trading pattern in the coming week - or decide to gamble to beat the odds. For those of us operating down the cycle and deal with stainless steel on a daily level, the lower prices are a headache with higher priced inventory in our warehouses, but the lack of volatility in the price of nickel is leaving stainless steel prices to be guided more by supply and demand than raw material fluctuations. Have a safe and restful weekend!
  • Average price of cash nickel so far this month - $6.22/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Drops as China’s Capacity Cuts Fuel Slowdown Concern - more
  • LME Morning - Metals prices sag on lack of drivers, copper back under $7,000 - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 82.12
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (AM) Chinese stainless scrap traders unconfident of the coming market
  • Merafe Resources’ shares little moved despite drop in headline earnings - more
  • China's Money Market Saw 'Unprecedented' Outflows Last Month - more
  • Crisp & Cool! | Epicureanist Stainless Steel Ice Cubes - more
  • US Fastener Imports & Exports Continue to Rise - more

    Thyssen Americas sale talks slow -sources - German steelmaker ThyssenKrupp is continuing talks on selling its Steel Americas division to Brazil's Companhia Siderurgica Nacional (CSN) but meeting an initial end-September deadline is becoming increasingly unlikely, two sources familiar with the situation said on Friday. - more

    IMX Resources Limited: Cairn Hill Ships Four Millionth Tonne of Ore - IMX Resources Limited is pleased to announce that it has today loaded its four millionth tonne of ore from the Cairn Hill Mining Operation, located near Coober Pedy in South Australia.- more

    Anglo CEO targets costs to boost bottom line - Anglo American's new boss vowed to cut spending, halve its pipeline of projects and revive the performance of lagging mines in order to lift cash flow by an annual $1.3 billion. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Thursday, July 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $6.52/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday, and now total just over the 200,000 tonne level and just shy of the all time record high set on Monday. Markets appear to be taking a breather today, with Asian markets ending lower, European markets trading lower, and US futures pointed south as well. A 'mini-stimulus' announcement in China, which typically is greeted by market enthusiasm, appears to have the markets wondering if things are worse in China than the government will allow reported. Nickel closed above our resistance line of $6.45/lb yesterday and a second close today, apparently in question at the moment, could send a technical signal of more price gains ahead. Metals appear to be caught up in a minor worldwide equity market correction and a general market negativity for the day.
  • Average price of cash nickel so far this month - $6.22/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Falls on Surplus Concern After Five Sessions of Advances - more
  • LME Morning - Metals deflate with softer euro, copper slides under $7,000 - more

  Reports

  • US Imports of Stainless Steel Mill Products - more
  • SMR Monthly Stainless Steel Briefing - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index -
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) According to the latest SteelBenchmarker published by World Steel Dynamics, the world export price of hot rolled band rose for the first time since end-February, up by $12/t from two weeks ago to $546/t. However, the world HRB price was still down $42/t year-on-year.
  • (SA) SpetsStal reports a fall in exports of Russian-made stainless steel products in May 2013, compared to April, by 29.2% down to 2,153 tons.
  • Mincor's June quarterly report proves positive - more

    Typically we post links to  market or industry reports above, but this is a nice presentation of 'numerous' presentations given at the nickel conference a few weeks ago in New Caledonia - more

    Nickel price may decline further on lower demand - Nickel prices are likely to extend weakness in the rest of this year’s period due to record high production and carryover stocks estimated for the second consecutive year in 2013. - more

    China orders closure of outdated metals capacity by end Sept - China has ordered metal smelters to close outdated capacity by the end of September and dismantle it by the end of this year, the Ministry of Industry and Information Technology said in a statement on Thursday. - more

    Prices of CR Austenitic Stainless Sheets in Asia Level Off at Low Level - Negotiations on cold-rolled (CR) stainless steel sheets in the East Asian region have been carried forward for August/September shipment, and Korea's POSCO, Taiwan's YUSCO and so on seem to have been proceeding with negotiations at $2,300 to 2,350 to SUS304. - more

    Asian Prices of CR Austenitic Stainless Sheets Come Close to Bottoming Out - The movement of the LME nickel price is lately stable even at the low level of $6.10 to 6.20 per pound. The stainless sales departments of the Japanese mills have an expectation of a possibility that prices of cold-rolled (CR) stainless steel sheets will bottom out if the nickel price goes on stabilizing. - more

    Nickel miner to put strong focus on Lake King exploration - Western Australian nickel miner Western Areas says it will focus much of its exploration efforts on its Lake King project as it looks to expand its operations near Hyden. - more

    China Crude Steel Output Set to Hit Record - China's crude steel production this year is set to hit a new high if current output levels are maintained, according to a government forecast, in the latest sign that state measures to control overcapacity aren't working and global prices will likely remain sluggish. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Wednesday, July 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $6.41/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb higher, with other London traded base metals mostly higher as well. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 199,850 tonne level.  While not official numbers, flash PMI's issued today are confusing world traders. Chinese PMI numbers came in at an eleven month low, while European numbers came in at a eighteen month high, and over the 50 level. Chinese stainless prices are on the increase reflecting the recent rise in nickel prices. A  second Chinese index we follow finally joined with our daily index in reflecting these price increases. Nickel returned to gains yesterday, but without much enthusiasm. And today, that enthusiasm is still lacking. We show major resistance at $6.45/lb which could be putting up a technical roadblock to the recent rally. Only time will tell what nickel will do in the coming weeks, but nickel is overdue in drawing fund money interest.
  • Average price of cash nickel so far this month - $6.21/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Reaches Five-Week High as European Manufacturing Expands - more
  • LME Morning - Metals prices gain after Europe PMIs, copper sets new one-mth highs - more

  Reports

  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.88
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (CD) China's manufacturing operating conditions deteriorated at the quickest pace, with HSBC's flash purchasing managers' index dropping to 47. 7 in July.
  • AK Steel Reports Financial Results For Second Quarter Of 2013 - more
  • Allegheny Technologies Announces Second Quarter 2013 Results - more

    Outokumpu Falls as Stainless Steelmaker’s Profit Outlook Weaker - Outokumpu Oyj, the Finnish maker of stainless steel, fell the most in 10 months in Helsinki trading after scaling back forecasts that profit will improve. - more

  • Finland's Outokumpu sees no improvement in stainless demand - more

    SC stops Zambales mines; Chinese ‘invaders’ socked  - Newsflash: The creeping Chinese invasion of Zambales mainland has been stopped — for now. The Supreme Court yesterday issued a temporary environment protection order (TEPO) against 94 “small-scale mines” that extract nickel in Zambales. - more

    Falling nickel prices hit profit at Spain's Acerinox - Low nickel prices hit profit at Spanish steelmaker Acerinox in the first half of the year, the company said on Tuesday. - more

    Panoramic increases production forecast - Nickel miner Panoramic Resources has increased its production forecast for 2014 after setting a new quarterly production record and exceeding its 2013 production expectations. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Tuesday, July 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.38/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.01/lb lower with other London traded base metals trading mixed and quiet. Stockpiles of nickel stored in LME approved warehouses set its 7th all time record high this month, and now totals 200,334 tonnes. LME licensed warehouses have never held 200,000 tonnes of nickel prior to this month. Yesterday's lower close for three month nickel was the first decline in five sessions, and today traders appear to be waiting to see if the mini rally was just that, or the beginning of something more solid.
  • Average price of cash nickel so far this month - $6.20/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning -
  • LME Morning - Base metal really runs out of puff on softer euro and lack of interest - more

  Reports

  • World Steel June Steel Production - pdf here
  • Allegheny  August Stainless Steel surcharge - more
  • AK Steel August Stainless Steel surcharge - pdf here
  • Outokumpu  August Stainless Steel surcharge - pdf here
  • China Nickel Imports and Exports Data June 2013 - more
  • Oryx Stainless Monthly - This may mean something, but then again, not necessarily - pdf here
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.78
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) According to the European Steel Association (Eurofer), apparent steel consumption in the EU fell by 7.3% year-on-year in the 1q13.
  • (SMW) Mwana Africa said the quarter year to June 30 had been one of mixed fortunes for the company, and that it has embarked on a significant cost-cutting exercise at corporate and project levels.
  • Western Areas defies weak nickel prices - more
  • China builds 'world's tallest building' - more

    CFTC puts metals warehouses on notice of possible probe - he U.S. commodities market regulator has put Wall Street banks and other big traders on notice for a possible investigation of their metals warehousing businesses following years of complaints about inflated prices. - more

  • London Metal Exchange trying to solve warehouse problem - The London Metal Exchange’s metastasising warehouse problem must be solved once and for all by prohibiting warehouse companies from issuing more warrants at affected locations until load-out delays have been reduced to an acceptable level. - more
  • Inflation suspicions put metal warehouses on possible probe - more
  • Wall St reshapes commodities business to fend off regulation - more

    Taigang Stainless cuts August ferrochrome purchase price: sources - China's Taigang Stainless Steel has set its high carbon ferrochrome (50% basis Cr) purchase price at Yuan 6,750/mt ($1,091/mt) for August deliveries, down by Yuan 100/mt from its July price, according to market sources. - more

    Prices of CR Austenitic Stainless Sheets in Asia Level Off at Low Level - Negotiations on cold-rolled (CR) stainless steel sheets in the East Asian region have been carried forward for August/September shipment, and Korea's POSCO, Taiwan's YUSCO and so on seem to have been proceeding with negotiations at $2,300 to 2,350 to SUS304. The Japanese mills are offering at $2,500 to 2,600 CFR. - more

    Falling nickel prices hit profit at Spain's Acerinox - Low nickel prices hit profit at Spanish steelmaker Acerinox in the first half of the year, the company said on Tuesday. - more

    Vale may hire foreign workers to solve Long Harbour crunch - Mining giant Vale admits it may have to look outside the country to hire specialized workers to finish its massive nickel processing facility in Newfoundland's Placentia Bay. - more

    Steelmakers Raise Prices on China’s Economic Growth Optimism - Chinese steelmakers including Hebei Iron & Steel Group (000709) and Jiangsu Shagang Group Co. joined their Japanese peers in raising prices after Premier Li Keqiang signaled China may support economic growth. - more

    Antam, DNi work on nickel processing plants - Jakarta-listed diversified miner PT Aneka Tambang (Antam) and Australian Direct Nickel Pty Ltd (DNi) have agreed to continue their cooperation on the construction of nickel laterite processing plants. - more

    Hundreds Protest Nickel Mine - Hundreds of people gathered in a small town in Voronezh region on Sunday for a new protest in their year-long campaign against plans to open a nickel and copper mine in the area, police officials said. - more

    Chinese steel giants facing toughest times in five years - Xinhua reported that China's largest iron and steel group is determined to cut output and upgrade production as it copes with the toughest market conditions since 2008. - more

    Courtesy AISI - In the week ending July 20, 2013, domestic raw steel production was 1,904,000 net tons while the capability utilization rate was 79.5 percent. Production was 1,823,000 tons in the week ending July 20, 2012, while the capability utilization then was 73.3 percent. The current week production represents a 4.4 percent increase from the same period in the previous year. Production for the week ending July 20, 2013 is up 1.2 percent from the previous week ending July 13, 2013 when production was 1,881,000 tons and the rate of capability utilization was 78.5 percent.

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Monday, July 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $6.42/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.05/lb higher, with all London traded base metals trading higher this morning. Stockpiles of nickel stored in LME approved warehouses rose to yet another all time record high on Friday, with a new total of 199,782 tonnes. Nickel continues its slow price climb and is trading at its highest in over a month. This week could tell us if nickel has finally established a floor and put a halt to a downtrend that has gripped the market since the first of the year - or if we are just experiencing another suckers rally. The Euro is higher this morning, helping commodity traders.  New York Times article over the weekend about base metals storage - sure to stir up some controversy, but it's doubtful it will accomplish much more than that.  
  • Average price of cash nickel so far this month - $6.19/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Advances for a Third Day Before U.S. House-Sales Reports - more
  • LME Morning - Copper leads metals prices higher, steadier euro assists - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.72
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (BNA) Brazil's nickel output in June totaled 5,475t, up 33.3% from 4,108t year-on-year, according to data released by the Brazilian institute of non-ferrous metals, ICZ. Of the total, 65.9% was for export markets, or 3,655t. The country's apparent nickel consumption totaled 1,387t in the month, down 13.2% year-on-year from 1,598t.
  • (RIN) "...Barclays has downgraded its 2014 London Metal Exchange (LME) nickel price outlook to about $14,000 per metric ton (MT); that’s down from its previous forecast from $18,000 per MT."
  • Solomons undersea miner says any mining is years away - more
  • ENRC director says will defend himself against leak claim - more
  • New ship orders, China demand threaten dry cargo recovery - more

    A Shuffle of Aluminum, but to Banks, Pure Gold - Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. - more

  • Is It Time to Ban Banks Completely From Commodities Trading? - Last night the New York Times put up a story about the purchase of an aluminum warehousing business by Goldman Sachs. - more

    Japan's Nisshin Steel boosts ferrite stainless output on demand - Japanese steelmaker Nisshin Steel has increased ferrite stainless steel production due to higher demand, with the product making up half of its stainless steel output in July, a company spokesman said Friday. - more

    Market Trend of Import of Ferroalloy as of July 16, 2013 =Mo oxide price will dip below US$10/lb shortly and Mn metal price continuously drops = Market trend of import of ferroalloy as of July 16, 2013 is as follows. - more

    Belvedere Provides Status Update on Hitura Nickel Mine and Kopsa Gold Project - Belvedere Resources Ltd., announces a temporary suspension of pumping at the Hitura Nickel Mine, as well as exploration results from the South Hitura drilling programme and provide a general status update on their operations in Finland. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Friday, July 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $6.35/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.02/lb higher, with most London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses slipped slightly on Thursday and now total just under the 196,100 tonne level. Typical of a summer month in the northern hemisphere, metals news has been, and continues to be, rather subdued. Thanks to China, demand for nickel is higher than last year. Thanks to the reaction of a market in deficit just a few years ago, production is now much higher than last year as well - adding to a surplus in inventory that continues to drag on the traded price. With the production of the so called pig nickel helping China find independence from the normal supply chain, nickel miners and traders are watching Indonesia with eager anticipation. Indonesia will not allow rock containing nickel ore to be shipped out of the country after the beginning of next year, without being smelted first. Indonesia is China's primary source for laterite nickel ore, with the Philippines the other primary source. Will the law stick and be enforced? No one knows at this point but one thing is sure. The Chinese have always been very resourceful and inventive in overcoming diversity. If the Indonesia ban does affect Chinese imports of low grade laterite ore, we expect it to be a temporary setback but in the short term, it may help boost the price of nickel. Enjoy your weekend.
  • Average price of cash nickel so far this month - $6.17/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Declines on Concern Demand Will Slow as Economies Falter - more
  • LME Morning - Base metals sluggish, copper may pick up as weekend approaches - more

  Reports

  • Commodities: UBS Miner's Price Review - pdf here
  • EUROFER Economic & Steel Market Outlook 2013-2014 - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.63
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SMM) Construction of one of the first nickel pig iron smelters outside China, by PT Sulawesi Mining Investment (SMI), formally kicked off in Indonesia on July 16. SMI is a joint venture between Indonesia's nickel mining PT Bintangdelapan Group and China's Tsingshan Holding Group’s NPI producing subsidiary Fujian Dingxin Industries Co.
  • (SRI) Anglo American announced that its production decreased by 22% to 8,500 tonnes, driven by the permanent cessation of production at Loma de Níquel in Venezuela in November 2012.
  • Anglo American plc : Anglo American Q2 Production Report - more
  • (Macquarie Commodities Research) “Nickel remains the worst performer among the base metals this year. A large surplus between supply and demand has opened up and prices have collapsed.... At current prices more than 40% of the industry is losing cash. Many nickel sellers are struggling to achieve the LME price.”
  • (AM) Chinese stainless scrap participants unconfident of the coming market
  • (AMM) Melting-grade nickel premiums are steady in a range of 15 to 25 cents per pound, while plating-grade premium remain at 50 to 60 cents per pound.
  • Russian steelmakers boost capacity, seek help to fight imports - more

    Talvivaara Withdraws 2013 Nickel Output Target on Slow Restart - Talvivaara Mining Co., the Finnish nickel miner that has suffered stoppages after excess water and waste-water leaks since September, withdrew its output estimate of 18,000 metric tons of the metal for this year. - more

    No Movement Seen in SUS Scrap Price for Mid-July Despite Cheap Ni =Due to possible generation decrease in summer and traders' resistance to price cut= The price of nickel-containing stainless steel scrap (SABOT) Japanese stainless steel mills purchase remains unchanged from a level of JPY135,000 per ton (delivered at factory) in the beginning of July. - more

    Demand for metals steady despite slowdown - China's demand for metals will remain steady even as growth slows in the world's largest user, according to Beijing Antaike Information Development Co. Copper, zinc and lead consumption will stay unchanged this year from estimates in the fourth quarter, according to the researcher's mid-year review. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Thursday, July 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $6.33/lb . Indicators at 6:50 am CST today show 3 month nickel trading unchanged with other London traded base metals trading mostly lower, but just barely. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday, but shy of a new record high.  Levels are now just over the 196,150 tonne level. After two days of gains and looking stronger than most of the London traded base metals, nickel appears to be taking a break this morning. US Fed Chairman Ben Bernanke testifies before Congress for a second day, and will continue to walk the tight rope of pessimistic optimism. Ben needs everyone to believe the economy is doing well, but not well enough that the Fed can stop pumping it up with stimulus measures - measures that the market has come to depend on. He stuck to his fall timetable but the Dow ended slightly higher after a late session rally. This morning markets from Asia to the US are subdued and in a holding pattern; waiting for his testimony before the Senate Banking Committee. Nickel is trying to set another floor, but its far too early to tell if traders will be successful. Supply is outpacing demand and as long as that continues, it will be very difficult for nickel to benefit by anything more than a return to the market of long term fund money. And at the moment, equity markets are drawing fund traders.
  • Average price of cash nickel so far this month - $6.16/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Swings Between Gains, Losses on Bernanke Testimony, China - more
  • LME Morning - Base metals fractionally lower in wake of Bernanke testimony - more

  Reports

  • 100 Years of Stainless Steel Book - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.59
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (Reuters) China's average daily crude steel output declined sharply to 2.1 million tonnes in the first 10 days of July, down 4.5 percent from the preceding ten-day period, the China Iron & Steel Association data showed on Wednesday.
  • (FAN) According to the customs statistics released by Japan's Ministry of Finance, Japan's stainless flat steel exports totaled 60,891 metric tons in May this year, falling by 4.2 percent month on month
  • (MBN) Brazil's exports of manganese ore reported a sharp fall in June while nickel shipments increased, according to figures from the country's trade ministry.
  • (AM) Japanese stainless scrap traders pessimistic about the coming market
  • (AM) Japan's stainless steel output rises by 0.7% m-o-m in May
  • Look out for opportunities within the iron ore market later this year with a price correction expected in September, says Dan Morgan of UBS. - more
  • Experts bullish on crude, silver & nickel, recommend buying - more
  • Troubles at Northland Resources deter Nordic mining investment - more
  • ArcelorMittal abandons dormant Indian project - more
  • China's recent slowdown not hard landing: IMF expert - more

    Japan's 316 stainless steel scrap prices weaken tracking moly: traders - Spot prices of SUS316 stainless scrap prices in Japan have weakened tracking spot molybdenum prices, local market sources said Thursday. - more

    Xinjiang Xinxin to Post Fall in H1 Profits on China's ``Structural Adjustment'' -  Major nickel producer Xinjiang Xinxin Mining Industry Co. is expected to post a big fall in first-half profits partly due to ``structural adjustment and slower growth’’ in China. - more

    U.S. and Canadian Metals Shipments Continue to Decline in June - June service center shipments of both steel and aluminum continued to decline in June at rates that were similar to those displayed in May. - more

    Berong nickel mine production rises as of June - London-Based Toledo Mining Corp. said yesterday the production in its Berong nickel mine in Palawan increased as of the second quarter of the year. - more

    Lundin Mining closes $315m acquisition of Rio’s Eagle mine - Canadian base metals mining company Lundin Mining has completed the acquisition of the high grade Eagle nickel/copper mine from Rio Tinto Nickel Company, a unit of Rio Tinto, for $315m. - more

    China's June crude production rises to 31-month high of 4.26 mil b/d - China's domestic crude production in June rose 7.1% year-on-year to 17.44 million mt or an average 4.26 million b/d, according to output data from the National Bureau of Statistics released Wednesday. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Wednesday, July 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $6.24/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading sideways and mostly lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 195,750 tonne level. Base metals got a late session bounce yesterday as the Dollar fell against the Euro. Currently the Euro is trading slightly lower, and that pressure can be seen on most metals trades. Nickel continues to trade in a sideways manner, with the overall trend still bearish.  We are seeing initial clues to a possible bottom, but these clues have been seen before and failed to stick. Nickel's 10 day moving average is $6.17/lb, and the market has closed above that level the last two days and on 3 of the last 4 sessions. That happened during the first week of June and July as well, only to see prices fall sharply thereafter. World markets are in a waiting mode today, awaiting US Fed Chairman Ben Bernanke's appearance on Capitol Hill. Ben has been credited with putting the brakes on the Great Recession with his 'green shoots' statements on a 60 Minutes show. But a few weeks back, Ben made the mortal sin of telling a stimulus addicted market that it might have to break its addiction sooner, rather than later. Initially the market tanked, although it was recovering even before the Fed began 'explaining' its chairman's statements. So today will prove to be a test of how successful our Fed Chairman is at the 'spin'. One thing is for sure. The markets will be watching closely.
  • Average price of cash nickel so far this month - $6.16/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Tin Exports From Indonesia to Jump 33% as Purity Rule Eased - more
  • LME Morning - Base metals range bound ahead of Bernanke speech - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.53
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (MBN) BHP Billiton reported a 6% fall in nickel output on the year in the June 2013 quarter.
  • (SO) Japan’s crude steel output up 6.3 percent in May
  • Troubles at Northland Resources deter Nordic mining investment - more

    Mixed outlook forecast by steel firms - Forecasts by China's major steel mills showed a mixed earnings outlook. - more

    BNC seeks short-term finance - Bindura Nickel Corporation is seeking short-term bridging finance to cover the funding shortfall as it continues to focus on the preservation and integrity of the business and its assets. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Tuesday, July 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.13/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals trading mixed and sideways. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 196,100 tonne level. Markets are mostly quiet this morning, awaiting some US financial reports, which may give traders some direction guidance. European markets are mixed on a surprise drop in German investor confidence. US Fed Chairman begins testimony in front of a Congressional committee tomorrow, which will draw much attention as the market tries to figure out when, or if, the central bank will begin to taper off its monthly asset purchases.
  • Average price of cash nickel so far this month - $6.16/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Advances Before Figures on U.S. Industrial Production - more
  • LME Morning - Base metals mixed in data heavy morning - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.56
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (MF) Baosteel cuts export prices of austenitic stainless by US$100/ton
  • (SMW) Toledo Mining Corporation said production of run-of-mine ore from Berong Nickel Corporation's Berong nickel mine in the second quarter was 229,196 wmt at an average grade of 1.93% Ni.
  • (FAN) Turkey-based stainless steel producing joint venture of South Korean steelmaker POSCO and Turkey's Assan Celik POSCO Assan TST has shipped its first 1.5 mm stainless coil on July 14.
  • (SSY) Although short of May's record 67.0 Mt, Chinese steel production in June was 64.7 Mt, up 4.4 Mt from the same month last year. As a result output in the 1h13 reached 389 Mt, almost 30 Mt higher than the 1h12 volume.
  • (SM) According to the Japanese Ministry of Finance, the country’s total imports of nickel ore during the month of May this year amounted to 400,542 tons. The imports are down 21% month-on-month. In comparison with same month the previous year, the imports have jumped by 10.1%.
  • MC Norilsk Nickel appoints new chief operating officer - more
  • Mwana to look at ways to improve cash flow from Zimbabwe nickel mine - more
  • POSCO drops $5.3 bln Indian steel mill, keeps main project alive - more
  • ThyssenKrupp's Brazilian mill sale not imminent -source - more
  • ENSO neutral; negative IOD - more

    European molybdenum prices drop to 4-year low on weak demand - Molybdenum prices in Europe dropped to a four-year low this week, mostly due to diminishing demand from the stainless steelmakers, and are expected to fall further as industrial activity slows during the summer. - more

    Crude SUS Steel Production by Major SUS Steel Mills in May Is 299,463 Tons =Down by 1% from prior month, and NSSC reduces production due to regular repair=  more

    Rio Tinto keeps big iron ore plans on track, despite China cooling - Rio Tinto is pushing ahead with plans to boost iron ore output over the next 18 months, as it counts on demand from Chinese steel mills holding up, but the miner is assessing if it can meet the target using existing mines to control costs. - more

    Tim Aiken appointed Nickel Institute President - Tim Aiken brings with him career-long experience at Nickel Institute member company Anglo Platinum. “As a former Chair of the Board of the Nickel Institute, Tim brings a deep understanding of the nickel industry and its stakeholders as well as the Institute's membership,” said Glenn Kellow, Chairman, Nickel Institute. - more

    Iron ore miners face lackluster demand - Iron ore producers and traders face a weak market with falling prices, and analysts believe these conditions will persist through the third quarter. - more

    Courtesy AISI - In the week ending July 13, 2013, domestic raw steel production was 1,881,000 net tons while the capability utilization rate was 78.5 percent. Production was 1,823,000 tons in the week ending July 6, 2012, while the capability utilization then was 73.3 percent. The current week production represents a 3.2 percent increase from the same period in the previous year. Production for the week ending July 13, 2013 is up 0.3 percent from the previous week ending July 6, 2013 when production was 1,876,000 tons and the rate of capability utilization was 78.3 percent.

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Monday, July 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $6.24/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.12/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME licensed warehouses rose to a new all time record high on Friday when warehouses reported a total of 196,308 tonnes. In 11 reporting days, stockpiles have gained 8,820 tonnes this month alone. China reported their overall growth is slowing, with second quarter GDP slowing from 7.7% in the first quarter, to 7.5%. This was within analysts expectations and markets are responding positively. Commodities are lower though, with the slowdown hurting overall demand for base metals. The Euro is trading lower this morning, adding pressure to metals trading. The short term trend for nickel has moved back to a sideways pattern, while the medium and long term trend remain negative. Over supply continues to be a major problem for miners.    
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Base Metals Drop After Data Showed China Growth Slowed - more
  • LME Morning - Base metals slip as softer euro and Chinese growth concerns weigh - more

  Reports

  • INSG Metals Despatch June 2013, Issue No. 15 - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.57
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (RN) US imports of up to 0.5% C low-carbon ferrochrome decrease
  • (MF) Baosteel cuts export prices of austenitic stainless by US$100/ton

    Refined-Nickel Production Was Higher Than Consumption in May - World production of refined nickel in May came to 155,100 metric tons, exceeding demand of 143,100 tons, according to the International Nickel Study Group. - more

    Gooding: Ramu nickel project in full swing - The Ramu nickel cobalt project is progressing through ramp up and is producing at a maximum rate of about 40%, Highlands Pacific managing director John Gooding says. - more

    China June Crude Steel Output Falls to Four-Month Low on Prices - Crude-steel production in China, the world’s biggest consumer of the alloy, fell to a four-month low in June after prices plunged. - more

    Vale running out of cash as nickel price continues to slide - The price of nickel, which has been suffering a ongoing decline in global metal markets, has negatively affected the cash flow of publicly listed nickel producer PT Vale Indonesia. - more

    Manitoba mine looks to financing from frac sands - Victory Nickel is continuing its efforts to develop a massive nickel sulphide deposit north of Grand Rapids, MB., but in the absence of equally massive financing needed to get the project going, the Toronto-based junior mining company is happy to embark on a side project processing frac sand in Alberta. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Friday, July 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Thursday's trading session at $6.18/lb . Indicators at 7:00 am CST today show 3 month nickel trading unchanged , with all other London traded base metals trading sideways and mostly lower. Stockpiles of nickel stored in LME approved warehouses fell from record highs on Thursday and now total just over the 194,400 tonne level. Shanghai and India nickel fell overnight, and base metals trading in London appears to be muted so far today. Yesterday commodities started strong but fell, even though the Euro strengthened throughout the day. Maybe traders realized the Bernanke bounce meant little to metals demand and decided to back off from the equity rush. European equity stocks are trading higher and look to pull off a solid week of gains. The US Dow futures are up slightly after a record breaking day yesterday, hitting an all time high. We expect little movement today, as technical signals, nor the news , appear to be giving the market momentum in either direction. Have a safe and relaxing weekend!
  • Average price of cash nickel so far this month - $6.17/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Drops on Signs China to Accept Further Growth Slowdown - more
  • LME Morning - Copper back below $7,000/t as metals dip on dollar strength - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.68
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SO) According to statistics released by Japan's Ministry of Finance, Japan's nickel ore imports totaled 400,542 metric tons in May this year, down 21 percent month on month and up 10.1 percent compared to May 2012.
  • (SMM) China’s production of nickel pig iron (NPI) fell 1.5% month-on-month in June to 32,000 tons as high-grade producers continued to cut output on depressed prices, according to a survey by Shanghai Metals Market.
  • (SM) Higher-than-expected oversupply worries have forced S&P to cut the 2013 price target for nickel from $7.50/lb to $7/lb. In longer term, the nickel prices are poised to recover and touch levels of $8/lb or higher.

    Nickel price slide hurting local miners - While nickel prices are as low as they've been since the recession, the founding executive director of Laurentian University's Goodman School of Mines said he expects mining to “chug along” in this area. - more

    S. African Charge Cr Price for Japan Also Is Settled down by US Cents 14.5 =US Cents 120.5/lb for Jul-Sept shipments, down by 11% from prior quarter= The negotiation on the benchmark price of South African charge chrome meant for Japan for July - September shipments has been settled at US Cents 120.5 per lb. - more

    New Caledonia weighs up impact of nickel mining - Nickel mining is being blamed for New Caledonia’s soaring carbon emission rate and a nagging problem with pollution in the capital, Noumea. - more

    Guatemala to ban new mining, exploration licenses - Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licenses giving the nation time to reform its mining law, says Tahoe Resources - more

    Wary of trade war, Asian steelmakers curb exports - Asian steelmakers have begun cutting exports in the face of growing cross-border trade disputes, raising the prospect that they may be forced to curtail production as they grapple with weak domestic demand and overcapacity. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Thursday, July 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Wednesday's trading session at $6.19/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose slightly on Wednesday and now total just over the 194,750 tonne level. Markets around the world are rallying after Fed Chairman Ben Bernanke calmed the markets with this assurance that the Fed would not make the market go cold turkey from the free money flowing into the markets anytime soon. The Euro is up on the news and this is helping commodity trades. Once again we are seeing the price of nickel moving based on external market factors and having nothing to do with the supply or demand attributes of nickel itself. It would be nice to be able to tell you that we think markets got spooked when they fell below $6/lb in Tuesday trading, but in reality, technical signals are guiding the market and the $6/lb level was just a minor piece of data. We are curious to see if the external factors will be enough to establish a floor for nickel and the end to the decline in the price. If traders become convinced that world economies will pick up later this fall, we could start seeing some long term investment into nickel. Right now the losses of the first half of 2013, are keeping the all important fund money investment spooked, and away from the table.
  • Average price of cash nickel so far this month - $6.16/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper, gold lead broad rally on dovish Fed signals - more
  • Bloomberg metals morning - Copper Reaches Three-Week High on Outlook for Further Stimulus - more
  • LME Morning - Base metals gain on FOMC minutes, weaker dollar - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.82
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) The world export price of hot rolled band has declined $3/t over the last two weeks to $534/t, according to the latest SteelBenchmarker published by World Steel Dynamics. However, prices in China rose for the first time since February to $481/t (+$8/t) while prices in the US increased $30/t to $698/t.

    Nickel Leads Drop in Industrial Metals for 2013 as Supplies Grow - Nickel is leading declines of the main industrial metals on the London Metal Exchange this year, with surpluses dragging down copper to aluminum and zinc. - more

    LME Nickel and Aluminum Trading Jumped in June - Buying and selling of nickel futures and options rose 38 percent from a year earlier in June on the London Metal Exchange. Trading increased 37 percent for aluminum and 30 percent for copper. - more

    45 workers cut as Poseidon Nickel suspends drilling - Forty-five contractors have been cut at Andrew ‘Twiggy’ Forrest’s Poseidon Nickel project amid speculation a bid to reopen the Western Australian mine has been hamstrung by financing issues. - more

    WA nickel miner bucks the trend - Western Australian nickel miner Panoramic Resources this week announced it is increasing its quarterly nickel production by 18 per cent in the three months to June. - more

    Mine Mill, First Nickel settle on 4-yr. deal - First Nickel Inc. and the union representing about 105 production and maintenance workers at the company's Lockerby Mine have settled a new four-year contract. - more

    Price of S. African Charge Cr for Europe Is Lowered by US Cents 14.5 =US Cents 112.5/lb for Jul-Sept shipments, down by 11% from prior quarter= On July 5, Merafe Resources Limited, South Africa, a joint venture partner for Xstrata Merafe announced in its home page that the benchmark price of South African charge chrome meant for Europe for July - September shipments has been settled at US Cents 112.5 per lb. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Wednesday, July 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Tuesday's trading session at $6.04/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.14/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday to a new record high of 194,172 tonnes. Of eight recorded business days so far this month, we have seen the all time record high broken four times. Nickel is up today on a stronger Euro and mostly because it is the up day of the see saw trading pattern it has been in for the past weeks. The overall trend remains bearish and yesterday's official cash price below $6/lb, is causing heightened concern among nickel mining companies.
  • Average price of cash nickel so far this month - $6.20/lb
  • Average price of nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Advances as China Imports the Most Metal in Nine Months - more
  • LME Morning - Base metals stuck in range, copper finds resistance - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.80
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • Small Business Optimism Drops in June, Ends 2 Months of Increases - more
  • China's consumer confidence drops in June - more
  • China export down 3.1% in June - more

    Low nickel prices hurting miners - A business analyst has warned low nickel prices were putting pressure on miners, predicting mines may face the prospect of closure. - more

    Nickel Producers Scramble to Build Smelters in Indonesia - It was reported that Indonesia will impose a 20% export tariff on raw ore, effective May 6, 2014. - more

    China ferrochrome spot prices stable amid mixed views - China's domestic spot prices for high carbon ferrochrome (50% basis Cr) on Wednesday were assessed unchanged week on week at Yuan 7,000-7,100/mt (equivalent to 86-87 cents/lb), on a delivered basis including value added tax, amid mixed views in the market. - more

    Commodity warehouse ownership rules need rethink -report - Conflicts of interest over ownership of commodity warehouses can inflate prices of raw materials such as aluminium, a report by two Brussels think-tanks said on Tuesday. - more

  • Price Formation in Commodities Markets: Financialization and Beyond - ECMI Research Reports - more

    Domestic Consumption of Nickel in January - April in 2013 =14,164 tons, up by 1% from year-earlier period due to increase in consumption for special steels= The domestic consumption of nickel metal (in pure Ni equivalent) in the period from January - April in 2013 compiled by the Ministry of Economy, Trade and Industry was 14,164 tons, up by 0.7% from the year-earlier period (14,059 tons). - more

    Chinese predict massive nickel haul from mine - Some 85,000 tons of nickel will be extracted per annum from the Tagaung Taung nickel mine project, Chinese company CNICO, who only recently got permission for the project, announced on Friday. - more

    TNMC mine life extended to 2016 - Moscow-based Mining and Metallurgical Company (MMC) Norilsk Nickel approved Tati Nickel Mining Company's (TNMC) action plan that extends the mine's life to 2016 last week. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Tuesday, July 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.09/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.09/lb lower, with all London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses fell for a second session and now total just over the 193,400 tonne level. Yesterday's gain in nickel prices, after a steep fall on Friday, appears to be nothing more than a dead cat bounce, with prices retreating again today. Save some metals analysts pontificating the future, market news is light. We are surprised we have not heard of more mine closures due to lower prices yet, but expect that could change if nickel starts trading below $6/lb. That hasn't happened since May 2009, when the monthly average price of cash nickel was $5.73/lb. Asian, European and US equity markets either closed, are trading, or appear to be opening all higher this morning.
  • Average price of cash nickel so far this month - $6.21/lb
  • Average price of nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper dips as China inflation reinforces growth worries - more
  • Bloomberg metals morning - Copper Swings Between Gains, Losses After China Inflation Data - more
  • LME Morning - Base metals take breather after yesterday’s relief-rally, copper back under $6,800/t - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 81.91
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) According to data from the China Iron and Steel Association, the country's daily steel production in 21-30 June rose for the third consecutive ten day period to 2.181 Mt. This represents a substantial increase of 11% year-on-year.
  • (SO) The China Iron and Steel Association (CISA) has stated that in late June (June 21-30) this year the average aggregate daily crude steel output of its member enterprises in China totaled 1.7624 million mt, up 0.97 percent or 17,000 mt compared to mid-June (June 11-20) and constituting a new record high.
  • (Spetsstal) According to experts of the Association "Steels", the volume of Russian exports of major products of stainless steel in May 2013 compared to April, fell by 29.2% .....
  • Risks of having Corrugated Stainless Steel Tubing (CSST) tubing in your home - more
  • Commodity Traders’ Buildup on Easy Money Seen as Risk in Report - more
  • China's inflation grows 2.7% in June - more
  • (China) Producer Prices for the Industrial Sector for June - more

    Local 598, First Nickel reach tentative agreement - Mine Mill Local 598/CAW members vote tomorrow on whether to ratify a tentative agreement with First Nickel Inc. - more

    Commodity super cycle not over, support should last another 15-20 years: SocGen - The current and history's third commodities super cycle, which began in 2000, is far from over, and the major factors supporting it -- population growth and rapid urbanization -- would easily stay with us for another 15-20 years, according to a senior analyst at Societe Generale. - more

    China, base metal tiger, sets the trend for metals -  Industrial metal prices have struggled to find firm footing. Stefan Ioannou of Haywood Securities tees up near-, medium- and long-term scenarios for three industrial metals—copper, zinc and nickel—and explains why he is most enthusiastic about zinc. - more

    Lagging nickel prices may slow production - As metal prices continue to decline, mining operations could be forced to take a hard look at their bottom line, says one mining executive. - more

    Analyst says nickel price plunge putting pressure on Ravensthorpe mine - A business analyst has warned Ravensthorpe could be facing its second mine closure in a matter of months as a fall in the nickel price puts pressure on the First Quantum mine. - more

    MCC admits Ramu mine problems - Ramu NiCo Project in Madang is committed to delivering the benefits to the stakeholders and the country despite the challenges faced today, including the high cost of unit product and the slumping price of nickel metal in the world market. - more

    Tighter Credit May Be  A Blessing in Disguise for China's Steel Sector - The Chinese steel sector has been living in a fool’s paradise for most of this year. Many of the mills have been making losses. - more

    Courtesy AISI - In the week ending July 6, 2013, domestic raw steel production was 1,876,000 net tons while the capability utilization rate was 78.3 percent. Production was 1,823,000 tons in the week ending July 6, 2012, while the capability utilization then was 73.3 percent. The current week production represents a 2.9 percent increase from the same period in the previous year. Production for the week ending July 6, 2013 is up 3.0 percent from the previous week ending June 29, 2013 when production was 1,822,000 tons and the rate of capability utilization was 76.1 percent.

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Monday, July 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $6.04/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.04/lb higher, with other London traded base metals trading mostly higher as well. Stockpiles of nickel stored in LME licensed warehouses slipped on Friday, after setting a new all time record high of Thursday of 193,776 tonnes. Totals today are just below 193,600 tonnes. Nickel fell sharply in Friday's trading after LME stockpiles grew by 3,264 tonnes on Thursday, pushing nickel below major support and squashing the technical signal of a potential bottom the market sent mid last week. We put the next support line at $5.85/lb, and we are seeing trading at levels not seen since May of 2009. The nickel market needs two things to happen, if it hopes to see the trading price rise. First demand from the stainless steel industry must pick up from current levels. Second, production levels will have to lowered. After running a deficit in 2007, followed by an economic crash in 2009, nickel producers are now facing more supply than demand. Asian markets ended lower overnight, European markets are trading higher this morning and US futures show Wall Street should open higher as well.
  • Average price of cash nickel so far this month - $6.24/lb
  • Average price of nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper steady; higher dollar weighs, growth fears linger - more
  • Bloomberg metals morning - Copper Drops for Third Day as Other Base Metals Climb - more
  • LME Morning - Base metals consolidate as market digests QE concerns - more

  Reports

  • US Imports of Stainless Steel Mill Products - more
  • D Bank Commodity Price Forecast's - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • Oakvale Daily Market Report - more
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • Weekly Market Report - pdf here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Alpari Global Markets Daily - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 82.01
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (Barclay's) "With nickel prices trading as deep as the 60th percentile on the cost curve, the potential for cutbacks to be announced by mining companies, ex-China, in the second quarter results season could provide the catalyst for short covering in July"
  • Stainless steel: 100 years rust-free - more

    Merafe settles European benchmark Q3 ferrochrome price 11% lower than Q2 - South Africa's Merafe Resources said Friday that it has settled the ferrochrome price for the July-September quarter -- viewed as a benchmark in Europe -- at 112.5 cents/lb with major European stainless steel producers, down 11% from 127 cents/lb in the second quarter. - more

    Anti-dumping probe on stainless imports - Vietnam will conduct an anti-dumping investigation on imported cold-rolled stainless steel from mainland China, Malaysia, Indonesia and Taiwan. - more

    Antam ready to ‘suffer’ following ore export ban next year - Listed diversified miner PT Aneka Tambang (Antam) will fully abide by the ore export ban to be implemented by the government beginning in 2014, even though the company will have to scale down some of its mining operations due to the export restriction, the company’s senior executive says. - more

    Market Trend on Import of Ferroalloy as of June 28, 2013 - =Price of Mo makes all-time low record for the first time in 3.5 years and silicon metal continues to drop= Current market trend on import of ferroalloy as of June 28, 2013 is as follows. - more

    China gives green light to first non-official iron ore platform - China's first non-official physical iron ore trading platform will begin operations on Tuesday, four years after it was shut down, in a further sign that the government is relaxing its tight grip over imports of the raw material. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Wednesday, July 3

    Tomorrow the US celebrates its Independence and Friday we will be traveling. Our next update will be Monday, July 8th. Have a safe and enjoyable weekend!

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

  • Dow Jones reports three month nickel closed Tuesday's trading session at $6.37/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.07/lb lower, with all London traded base metals trading lower as well. Stockpiles of nickel rose to another record high yesterday and now total 190,590 tonnes. These record stockpiles are adding negative pressure on a metal also being hurt by demand, a stronger US Dollar, which is trading at a 5 week high against the Euro, and an overall cloud of negativity hanging over the commodity market from an investment point of view. Portugal debt problems are back in the headlines today, with the political situation in Egypt getting close attention as well.  Neither of these have much to do with nickel or stainless steel production or demand, but they keep a level of uncertainty that rattle markets. Asian markets ended lower last night, European equity markets are trading lower today, and US Dow futures are negative as well. Nickel closed above our major support line of $6.26/lb for a second consecutive day on Tuesday, for the first time in two weeks, and might squeak out a third close above today. If the market is sending a technical buy signal, it is being muted by the political turmoil causing nervous volatility in markets. US markets are closed tomorrow for Independence Day festivities, and will re-open on Friday. We are traveling so our next update will be Monday. Happy Independence Day to our US readers, and have a nice weekend to all.
  • Average price of cash nickel so far this month - $6.29/lb
  • Average price of nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper eyes $7000 on technical buying; gains seen capped - more
  • Bloomberg metals morning - Copper Gains as Traders Close Bearish Bets Amid Supply Concern - more
  • LME Morning - All metals bar copper slip, eurozone woes return to unsettle market - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 82.12
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • US steel pipe makers seek anti-dumping duties on nine countries - more

    (PR) For the month of July 2013, North American Stainless will maintain the fuel surcharge at 33% for stainless flat and long products. The surcharge rate is considered a maximum level for July and will be reviewed monthly.

    US anti-dumping suit 'minimal impact' on Pantech - Pantech Group Holdings Bhd expects minimal impact from the US Government's move to continue with the anti-dumping suit on welded stainless steel pipes from Malaysia, Vietnam and Thailand. - more

    Glencore hiring SA workers - Glencore Xstrata Plc expects to appoint new employees “shortly” at its South African chrome-mine operations as the union whose members were fired for taking part in a strike demands their reinstatement. - more

    Koniambo project provides New Caledonia more autonomy - New Caledonia’s SMSP mining company, which is owned by the Northern Province, says the huge Koniambo nickel project is gradually providing the territory with more autonomy. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Tuesday, July 2

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Monday's trading session at $6.33/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals mixed and trading mostly sideways. Stockpiles of nickel stored in LME approved warehouses rose to another record high yesterday and now total 188,652 tonnes. Nickel closed above the major support line fo $6.26/lb on Monday and for the first time in awhile, looks like it might close above it for a second consecutive day. this could send a technical signal that a floor, however temporary, may have been established. If nickel does close above this level today, it could send a technical signal to buy, which could potentially mean a break out of its sideways channel. This is only a technical signal, and markets are not yet run completely by computers, so we could see the up and down pattern we have seen the last few weeks continue. Or with record levels of nickel continuing to be broken, we could see nickel stumble further, as the short, mid and long term trends remain bearish. Finland's Talvivaara has announced plans to reduce its staff by 40% due to the low trading price of nickel. Mine closures will add support to the price, but we will have to see more mines close, or levels of nickel start to fall, before this will make any significant dent. July and August are typically slower months for stainless steel production and price increases we see now, are typically traders betting on a strong rebound in fall production. With Monday's PMI numbers showing the pace of the economic recovery still sputtering, traders have yet to start placing any strong bets on that fall recovery. European equity markets are lower this morning, with some traders taking profits from yesterday's jump, while the US Dow futures are currently higher on an expected strong manufactured goods new order report due to be released this morning.
  • Average price of cash nickel so far this month - $6.28/lb
  • Average price of LME traded nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Base Metals Drop After Rising Most in Almost Two Months - more
  • LME Morning - Base metals tread water, await further direction - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 82.01
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • ENSO neutral; a negative IOD likely for southern winter-spring - more

    Talvivaara Falls on Plan to Cut 250 Jobs on Weak Nickel Prices - Talvivaara Mining Co., the Finnish nickel miner, fell the most in 10 weeks in London trading after unveiling plans to fire as much as 40 percent of its workforce as prices of the metal “remained weak” in the first half. - more

    Crude Steel Production by Major SUS Mills in April Is 303,511 Tons =Up by 8% from prior month, and production is recovered in new fiscal year= The crude steel production by seven major stainless steel mills in April 2013 was 303,511 tons, which represents an increase of 8.3% versus the prior month (280,319 tons). - more

    Analyst predicts challenging conditions for gold, nickel and copper -  A market analyst is predicting challenging conditions for gold, nickel and copper miners will persist for another six months. - more

    Environmental headwinds buffet BHP in Colombia - In the wake of heightened environmental sensitivities to the activities of mining companies in Latin America, BHP Billiton's plans to expand a nickel mine in Columbia have been blocked. - more

     Courtesy AISI - In the week ending June 29, 2013, domestic raw steel production was 1,822,000 net tons while the capability utilization rate was 76.1 percent. Production was 1,862,000 tons in the week ending June 29, 2012, while the capability utilization then was 74.8 percent. The current week production represents a 2.1 percent decrease from the same period in the previous year. Production for the week ending June 29, 2013 is down 3.1 percent from the previous week ending June 22, 2013 when production was 1,881,000 tons and the rate of capability utilization was 78.5 percent.

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

Monday, July 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones reports three month nickel closed Friday's trading session at $6.22/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.07/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose on Friday, and ended June just over the 187,700 tonne level. June saw a net gain of 7,920 tonnes of nickel into licensed warehouses. Nickel is getting a bounce today, after China reported its manufacturing PMI stayed positive, although just barely. Monday is also the up side of our daily see saw in LME nickel pricing. Metals traders are fighting a weaker Euro so we expect any gain today to be limited in scope. Happy Canada Day to our neighbors to the north!!
  • Average price of cash nickel so far this month - NA
  • Average price of nickel in 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb / avg 2009 - $6.64/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Industrial Metals Gain as China Manufacturing Meets Expectations - more
  • LME Morning - Base metals rise, Chinese PMIs priced in - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 82.02
  • 2013 Reuters Nickel Price Forecasts - more (World Bank forecast 2013 - $8.16/lb)
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Stainless Steel Daily Scrap Prices - more
  • Gerdua Steel Market Update - more
  • European Debt Crisis Live - more
  • (SSY) According to data from the China Iron and Steel Association, the country's daily steel production for 11-20 June was virtually unchanged from the previous ten days at 2.16 Mt. This represents a large increase of 10% year-on-year and compares with the year-to-date peak of 2.19 Mt during 1-10 May.
  • China's PMI Was 50.1 Percent in June - The PMI of Small-Sized Enterprises Was 48.9 Percent - more

    (PR) Effective with shipments July 1, 2013, North American Stainless is increasing prices by 5% for martensitic and precipitation hardening bar grades between 7/8” – 1.50” diameter. This increase is necessary to support further investment in our business. All surcharges will remain in effect as outlined on our website. Please contact your Regional Sales Representative with any questions.

    LME Seeks to Reduce Lines at Warehouses Where Wait Is 100 Days - The London Metal Exchange, the world’s biggest metals marketplace, is seeking to reduce waiting times to withdraw metal from warehouses where the lines are more than 100 calendar days. - more

    S.African union gives Glencore ultimatum to rehire sacked workers - A South African union gave Glencore Xstrata a seven-day ultimatum on Friday to rehire more than 1,000 workers fired at chrome mines for wildcat protests or face unspecified action. - more

    New Caledonia’s Koniambo nickel project vital for territory - The operator of New Caledonia’s Koniambo nickel project says the long erm viability of its operation means it is of great importance to the territory’s ability to stand on its own feet. - more

  • Amid price drop, nickel talks in New Caledonia - Problems facing the global nickel market are being discussed in New Caledonia this week at a gathering of the world’s top producers. - more

    Oversupply forces Chinese steelmakers to react - Chinese steelmakers are dealing with a substantial oversupply problem that will likely force them to transform the way they do business. - more

  Morning Nickel Inventory and 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 reports and information free of charge. Contact us

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