This page is archived news covering the period of July 2014
If you are looking for current daily market news, please visit here.

LME nickel prices and news

Stainless Steel News and Nickel Prices

Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals analysis and forecasts


Daily Nickel Market News & Stainless Steel Prices

Kiva - loans that change lives

Nickel Prices and Stainless Steel Bolts

Stainless Steel News and Prices

    Cell phone and tablet users - smaller version of this page - (here)

Thursday, July 31

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Wednesday's trading session at $8.62/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME licensed warehouses rose to 13th all time record high for July, ending the month at 315,798 tonnes, a gain of 10,908 tonnes for the month. We could see the deficit that the analysts have been forecasting start to show itself over the next few months, although a blurb we found today claiming stainless steel production in China is up 21% for the first half of 2014, is a head scratcher. If true, it could make one wonder why we haven't already seen some signs of this forecasted deficit. Yesterday's sanctions against Russia were the first announced that were aimed at the Russian economy and not just powerful Russians. It caught Eramet's attention and they warned of the implications of any sanction against Norilsk.
  • Average price of cash nickel so far this month - $8.65/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning -
  • Reuters metals morning - Zinc falls as stockpiles rise, copper flat - more

  Reports

  • AIIS Steel News July 2014 - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 85.48
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (MF) China's stainless steel output soars by 21% in H1
  • Small miners feel pinch from rush to boost iron ore output - more
  • Vale Profit Misses Estimates on Global Iron Supply Glut - more
  • Slow growth for Sudbury, outlook says - more

    An embargo on Russia's Norilsk Nickel would hurt West -French rival - An embargo against Norilsk Nickel as part of Western sanctions against Russia would hurt nickel users in Europe and the United States rather than Norilsk itself, the head of French mining group Eramet said. - more

    UK appeals court ruling seen months away in LME warehousing case - The London Metal Exchange's attempts to cut backlogs at warehouses with new rules are likely to be delayed again for several months after judges declined to make an immediate ruling on a case holding up the reforms. - more

    Commission wants river dumping of mine tailings banned - One of 19 recommendations that will be put to the government in a report by the Constitutional Law Reform Commission is the total banning of riverine tailings disposal. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, July 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Tuesday's trading session at $8.49/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.02/lb higher, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME approved warehouses rose again on Tuesday and thus set another record high, this time at 314,400 tonnes. The third quarter price for ferrochrome to Europe was settled overnight, and is 2-1/2% lower than the second quarter. Europe and the US announced further sanctions against Russia yesterday, and while Norilsk is still not on the list, those targeted included some major Russian industries.
  • Average price of cash nickel so far this month - $8.66/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper to Zinc Drop as Advances Are Seen as Excessive - more
  • Reuters metals morning - Copper under pressure from Indonesia supply prospects - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 85.68
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (SM) ...Baosteel Stainless has announced the domestic price list for August. According to the company press release, the prices of 304 grade cold rolled coils for August will see a cut of RMB 1,400 per ton. The company has also decided to lower the prices of 304 grade hot rolled coils by RMB 1,400 per ton.
  • Citic Resources sues Qingdao Port for US$108m compensation - more
  • Russia's plans to bail out Mechel suggest ownership change - more

    Glencore-Merafe settles Q3 Europe benchmark ferrochrome price at 2.5% lower than Q2 - Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for July-September ferrochrome sales at 119 cents/lb, down 2.5% from the Q2 price of 122 cents/lb, Merafe Resources said Wednesday. - more

    ERAMET group's results for 1st half 2014 - Positive current operating income restored in 1st half 2014, improving on the two previous halves. - more

    Rox soars on nickel hits - Shares in Rox Resources surged after the company announced more encouraging drilling results from its Fisher East nickel project 500km north of Kalgoorlie.- more

    SEIFSA welcomes the end of NUMSA strike that caused enormous losses to SA metal industry - The Steel and Engineering Industries Federation of South Africa (SEIFSA) has welcomed the NUMSA decision to end the month-long strike which had resulted in enormous losses for the country’s metal industry. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Monday's trading session at $8.52/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.10/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME licensed warehouses rose to yet another all time record high on Monday, to 312,720 tonnes. Nickel appears to be correcting, with little fundamental news to guide its movement. The short term trend remains neutral with the overall trend still positive. Stochastic and RSI readings are sending no technical signals. While we still feel its highly unlikely to happen, more sanctions are coming for Russia over the Ukraine situation, and Norilsk may become a target, not because its a big fish, but because it could become a lesser of two evils target. Europe appears to be very nervous about announcing sanctions against a major trading partner and source of oil, and the sanction it has announced so far have been rather mild. Norilsk could become an industrial target as more of a signal to Putin, than a real slap on the wrist. Still too early to tell, but its becoming obvious that Putin is in charge of this situation nd not even a downed civilian airline and the worldwide reaction, seems to be changing his course. With Indonesia ore now banned from export, a Norilsk export ban would be untimely for the market and add positive momentum for pricing. In the mean time, LME stockpiles continue to break records. One interesting fact. In July 2013 - stockpiles grew by 15,312 tonnes. In July 2012, stockpiles grew by 11,562 tonnes. In July 2011, stockpiles fell by 4,296 tonnes. So far this month, stockpiles of nickel have grown by 7,464 tonnes.
  • Average price of cash nickel so far this month - $8.67/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Rises on Speculation Increasing Auto Sales Boost Demand - more
  • Reuters metals morning - Copper weighed by rising output, economic data awaited - more

  Reports

  • Desjardins Commodity Trends - pdf here
  • July 2014 edition of Nickel magazine - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 85.68
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (SMM) No rising momentum is expected to push up nickel prices for the rest of July, with resistance expected at $20,500 per tonne during mid-July and mid-August, Shanghai Metals Market foresees.
  • Stricter emissions control in China to drive palladium prices higher - more
  • El Nino Odds Reduced by Australia as Tropical Pacific Cools - more
  • El Niño indicators ease - more

    Goldman Sees Nickel Rising With Palladium to Beat Soy - Nickel and palladium are set to outperform iron ore and soybeans as supply outlooks for commodities diverge amid a tentative acceleration in global economic growth, according to Goldman Sachs Group Inc. - more

    BHPB's Production of Ferroalloys and Nickel in Apr-Jun 2014 = Productions of nickel and molybdenum are down from year-earlier period = On July 23, BHP Billiton Limited (BHPB) announced its production results and sales volumes in the period from April to June in 2014 as well as the period of 12 months of the Company's fiscal year (July 2013 - June 2014). - more

    Tube Amnesty Is Round The Corner (Part 1) - On November 1, 2014 quotas on stainless steel tubes and pipes into the territory of the Customs Union will expire. - more

    New mining expo will be Sudbury's biggest yet - A new mining trade show scheduled for September will be the largest in Sudbury's history. - more

    Courtesy AISI - In the week ending July 26, 2014, domestic raw steel production was 1,920,000 net tons while the capability utilization rate was 79.8 percent. Production was 1,852,000 net tons in the week ending July 26, 2013, while the capability utilization then was 77.3 percent. The current week production represents a 3.7 percent increase from the same period in the previous year. Production for the week ending July 26, 2014 is up 1.4 percent from the previous week ending July 19, 2014 when production was 1,893,000 net tons and the rate of capability utilization was 78.7 percent.

  Morning Nickel Price Statistics & Figures

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

Monday, July 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Friday's trading session at $8.70/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.16/lb lower, with other London traded base metals trading higher. Stockpiles of nickel stored in LME approved warehouses fell on Friday and ended the week just over the 311,800 tonne level. We are seeing no real fundamental news that is effecting nickel trading, unless Indonesia's willingness to discuss the ore ban has spooked traders. It could be that nickel is playing catch up to Friday's sell off of the other base metals. Nickel is now trading below the $19,000 tonne level but it does not appear that the $8.23/lb support level will be tested anytime soon.
  • Average price of cash nickel so far this month - $8.68/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Lead Reaches 17-Month High on Supply Outlook as Aluminum Gains - more
  • Reuters metals morning - London copper pauses as Freeport eyes exports - more

  Reports

  • Sucden Metals Market Report - July 2014 - pdf here
  • US Imports of Stainless Steel Mill Products - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 85.72
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (LGMI) China's iron ore imports fell for a second month by 3.6% to 74.57 million tonnes, as a sharp drop in prices encouraged buyers in the world's top consumer of the steelmaking raw material to hold off on orders.

    Chinese ferronickel imports more than doubled during H1 of 2014, says Customs data - As per latest statistics released by the Chinese customs, the country’s ferronickel imports more than doubled during the initial six-month period of the year. - more

    Vale expects no increase - Jakarta-listed nickel miner Vale Indonesia expects flat growth in its nickel production this year amid uncertainty in the negotiation of its contracts with the government. - more

    Bindura smelter fit for PGMs, says Mwana - Kalaa Mpinga, CEO of Mwana Africa, said the $26m reopening of the company's Bindura base metals smelter in Zimbabwe could be used to treat platinum group metal (PGM) concentrate. - more

    Steel jobs have plummeted by a third since 2000 - Northwest Indiana's steel industry, which once drew immigrants from the world over and put bread on many tables for generations, has lost a third of its jobs since 2000. - more

  Morning Nickel Price Statistics & Figures

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

Friday, July 25

  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 $8.70/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.09/lb higher, with all London traded base metals trading higher as well. Stockpiles of nickel stored in warehouses monitored by the LME, for the tenth time in the last thirteen sessions, broke an all time record high at 312,156 tonnes. Nickel closed twice above minor resistance of $19,000 tonnes, and now has the technical signal to trade higher.  Look for strong resistance just under the $9.00/lb line. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $8.67/lb
  • Average cash price of nickel last month - $6.78/lb / average last year - $8.08/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Heads for Biggest Weekly Gain Since September 2012 - more
  • LME Morning - LME lead zooms to highest this year; plays catch up - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Steel Daily Price Index - 85.81
  • 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
  • El Nino Seen Weak or Delayed for Some Months by Forecasters - more

    Russia scraps nickel, copper export duties ahead of schedule - The Russian government said it would cancel export duties for nickel and copper ahead of schedule, as expected, signalling support for a project by Norilsk Nickel , the world's largest nickel producer. - more

    Brazil miner Vale posts record Q2 iron-ore production - Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. - more

   Caterpillar Sees No Sign of Upturn in Mining Industry - Caterpillar Inc., the largest maker of mining machinery, forecast full-year sales and earnings that fell short of analysts’ estimates as it said there’s no sign of an upturn in the industry in 2014. - more

    New Caledonian Nickel Mining Company Under Fire At Film Premiere - Indigenous Kanak people in the Cap Bocage area of New Caledonia have "lived in mud and s--t for 30 years" as a result of the actions of the Ballande family mining group, a new environmental documentary film reveals. - more

    Will new Indonesian president Widodo be able to maintain economic growth? - A leader with an unprecedented image as a common man has won the presidential election in Indonesia, a great regional power that plays a leading role in Southeast Asia. - more

    HSBC releases base metal pledged for US$30m loan to Zhong Jun Resources - HSBC has released base metals used as collateral for commodity financing by Zhong Jun Resources, according to Company Registry documents obtained yesterday. - 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 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Wednesday's trading session at $8.63/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.09/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME licensed warehouses rose to a new all time record high on Wednesday and now total 311,964 tonnes. Nine records in the last twelve sessions. China PMI estimates are higher, and iron ore prices in China are up for the third consecutive week. This hints that the Chinese steel industry might be showing some signs of life. If true, this will be good news for nickel producers as it will add fundamental support to the higher nickel price. For stainless steel producers and users, the news could mean tough times will get tougher. There are also clues that the industry is still lagging, and these mostly come for Chinese prices. Demand typically helps support price increases, and so far, we are not seeing signs of that happening in China yet. This is particularly true with stainless steel, with the China stainless steel market apparently having a hard time passing on the increase in the price of nickel.   
  • Average price of cash nickel so far this month - $8.68/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Rises After China’s Factory Output Beats Estimates - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 85.88
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • Sherritt International: The Good, the Bad, and the Ugly - more
  • China July HSBC flash PMI rises to 18-month high - more
  • Why the markets brush off horrific world events - more

    Nickel deficit narrows as China increases pig iron output - Sumitomo Metal Mining, Japan's top nickel producer, cut its 2014 forecast for the metal's global deficit by 43 per cent as China produces more-than-expected volumes of nickel pig iron, a cheaper alternative. - more

    Metals poll reveals extent of Indonesian policy shock: Andy Home - The latest quarterly Reuters poll of base metals analysts was out earlier this week, and it lays bare the extent to which the entire market was blindsided by Indonesia's January ban on the export of unprocessed minerals. - more

    Goldman Raises Nickel Price Forecast as Deficit Looms Amid Ban - Goldman Sachs Group Inc. raised its price forecast for nickel as the market is swinging to a deficit next year following an ore-export ban in Indonesia. - more

    New Indonesian president can bring certainty, consistency to mining: Russell - The election of reformist Joko "Jokowi" Widodo as Indonesia's new president has spurred hopes of a rapprochement with global miners and the scaling back of some of the nationalistic resource policies. - more

    Central America's biggest nickel mine reopens amid violent clashes - The biggest nickel mine in Central America has restarted operations amid violent clashes between indigenous people and security forces, disputes over land ownership, and ongoing lawsuits for gang-rape and murder. - more

    4 mining firms suspended over ‘unsystematic’ methods - The Mines and Geosciences Bureau (MGB) has suspended the nickel mining operations of 4 mining firms in Central Luzon because of unsystematic methods. - more

    Ramu nickel mine limps towards full production - The Chinese owned Ramu nickel mine continues to limp slowly towards full production two years after it opened. - more

    South Korea's Import & Export Trends of Main Ferroalloys in June 2014 - South Korea's trade statistics shows the import & export details of main ferroalloys in June 2014 in the following Tables (1) & (2) respectively. - more

    Service Center Shipments Grow in June - Service center shipments of both steel and aluminum jumped considerably in June in both the United States and Canada, according to the latest Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill. - more

    London Metal Exchange approves BTG's plan to open warehousing operations in Singapore - The London Metal Exchange (LME) has approved Brazilian investment bank BTG Pactual's proposal to open warehousing operations in Singapore. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, July 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Tuesday's trading session at $8.66/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.03/lb lower, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and now total just over the 310,700 tonne level. With the news that the new Indonesia president is willing to sit down with miners and discuss the ore export ban, and Europe showing little desire to put any major sanctions against Russia in place, traders are showing little enthusiasm to do much after regaining the $19,000 tonne level yesterday. Patricia Mohr, a vice-president with ScotiaBank, is reportedly forecasting nickel to average $10.75/lb next year. That is the average he is forecasting - not the high. Mr Mohr is one of the analysts we watch closely, and while not always agreeing with them, we do respect their opinions. The market is trading based on speculation at the moment. The market is in agreement that the nickel supply and demand parameter will enter a deficit situation, possibly as soon as next month, as stainless steel producers begin to stock up on nickel again. How big of a deficit situation we will enter is the argument and the speculators are trading based on the more severe case scenario's.  That said, the reality of today and the supply surplus we see in the market, has little to do with what is happening to the price of nickel. And as long as the market does not have an answer to how serious the deficit situation will get, the price of nickel will continue to climb. Trading is based on speculation, and there is plenty of that going o with nickel these days.   
  • Average price of cash nickel so far this month - $8.68/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Business Recorder metals morning - London zinc, aluminium near peaks as investors buy - more

  Reports

  • Sucden Quarterly Metals Report - July 2014 - pdf here
  • June 2014 crude steel production - more
  • Oryx Stainless - Attraction is not just a given moment in time - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.00
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (FAN) Customs data show that high carbon ferrochrome total imports is 139,900 tons in June, down 30.15% MoM, and up 31.75% compared with the same period of previous year.

    Indonesia's new president says he will sit down with miners - Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy. - more

    Nickel to surpass $10 a pound by 2015: analyst - Nickel prices could reach an average price of US$10.75 per pound by 2015 according to a Scotiabank commodity market specialist. - more

    Two Vale New Caledonia guards shot - Two guards at the Vale nickel plant in New Caledonia's south have been injured after an unidentified gunman shot at them. - more

    Inquiries of SUS316 Products Trend Upward from China - As the Chinese Government has embarked on environmental pollution control measures against PM2.5 and so on, inquiries for Japanese cold-rolled (CR) stainless steel sheets to SUS316 are increasing. - more

    Nickel Asia: Tuesday drop caused by confusion over Indonesian report - Nickel Asia said Tuesday's 6 percent plunge was the result of confusion over a report on Indonesian metal exports. - more

    China, Cuba sign cooperation agreements during Xi's visit - China and Cuba on Tuesday signed an array of 29 cooperation agreements to support the Caribbean country's development and enhance bilateral ties as President Xi Jinping paid his first-ever state visit to Cuba. - more

    Group fears Zambales nickel mining killing marine life - Fishermen in this northern town of Zambales have expressed fear the rich coastal marine resources that have sustained them for ages will one day cease to provide livelihood and life because of pollution from nickel mining. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Monday's trading session at $8.56/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.13/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose to another all time record high on Monday, totaling 311,214 tonnes. Reports from Indonesia say Widodo has won the presidential election and it was determined before the election took place, if Governor Widodo won, the nickel ore ban would stay in place. In Europe, leaders are reportedly working on further sanctions against Russia, with some believing that Norilsk's ability to export nickel might be affected. So the news can stoke the speculative fire, but the only real heat from the news this morning is the eighth all time record high being set in the last 10 sessions of nickel stockpiles held in warehouses monitored by the London Metal Exchange. This is the slow period for stainless steel production , but it implies that nickel production is keeping pace and staying ahead of nickel demand. The market is betting heavily that will not continue and the article below about metal ETF's says more about why the price of nickel is climbing than any other news - in our opinion.
  • Average price of cash nickel so far this month - $8.69/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Climbs to 35-Month High on Outlook as Aluminum Rises - more
  • Reuters metals morning - London zinc hits 3-year high, aluminium near 16-month peak - more

  Reports

  • AK Steel August Stainless Steel Surcharge - pdf here
  • Allegheny August Stainless Steel Surcharge - more
  • Worldbank Commodity Markets Outlook, July 2014 - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.13
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (LL) Korea Line has won a freight contract worth nearly Won307bn (US$301.5m) to ship nickel ore from New Caledonia to South Korea for 20 years from the first half of 2016, according to an exchange filing.
  • (MF) Taiwan’s stainless steel market remains weak due to slack demand
  • Restriction on right of Potanin’s ex-wife to alimony upheld - more
  • Indonesian presidential election tally shows Jakarta governor Widodo wins 53 percent of vote - more

    Metal ETFs Lure Investors at Fastest Pace in Five Years - Investors are buying metals from zinc to aluminum at the fastest pace since 2009, betting demand gains will tighten supply, just as Citigroup Inc. and Macquarie Group Ltd. predict this year’s rallies will end. - more

    China Nickel Imports and Exports Data June 2014 - The General Administration of China Customs released data of China's June imports and exports of nickel on Jul.21 (Unit: mt) - more

    BHP boss Mackenzie decries Senate ‘antics’ over mining tax - The chief of resources giant BHP Billiton has urged Labor and the minor parties to help the Abbott government repeal the mining tax, saying investment is being destroyed by “a lot of antics” in the Senate. - more

    Australia's Western Areas leads Australia nickel miners up - Australian nickel miner Western Areas Ltd jumped to a 26-month high on Tuesday after reporting better-than-expected output of the metal, whose price soared this year following an Indonesian ban on ore exports. - more

    China to shut outdated copper, steel, ferroalloy capacity by end Sep: MIIT - China will shut 725,600 mt/year of outdated copper smelting capacity, including recycled copper capacity, before the end of September, the country's Ministry of Industry and Information Technology said on its website Friday. - more

    LME Dealers Fined $23,480 for Standing Up During Trading - The London Metal Exchange, founded more than a century ago, fined almost all of the dealers buying and selling copper on its open-outcry floor a total of 13,750 pounds ($23,480) and suspended one for standing up during a trading session. - more

    Courtesy AISI - In the week ending July 19, 2014, domestic raw steel production was 1,893,000 net tons while the capability utilization rate was 78.7 percent. Production was 1,852,000 net tons in the week ending July 19, 2013, while the capability utilization then was 77.3 percent. The current week production represents a 2.2 percent increase from the same period in the previous year. Production for the week ending July 19, 2014 is down 0.5 percent from the previous week ending July 12, 2014 when production was 1,903,000 net tons and the rate of capability utilization was 79.1 percent.

    Anti-mining campaign doco debuts at NZ Film Festival - Playing at this years New Zealand International Film Festival, Cap Bocage is a close-up exploration of the forces that came into play when environmental issues and indigenous rights became intertwined in New Caledonia, and a telling picture … - more

  Morning Nickel Price Statistics & Figures

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

Monday, July 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Friday's trading session at $8.47/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.04/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses slipped off its record high on Friday and ended the week just over the 311,050 tonne level. Chinese media is reporting nickel ore stockpiles stored at major ports in that country slipped from 23.02 million tons on July 11th, to 22.99 million tons on July 18th. During that same period, stockpiles of nickel held in LME warehouses rose by 3,354 tonnes. Metals trading markets were rocked Friday on news of the downing of Malaysian MH17, but appear to be removing some of their losses today. Nickel traders may be betting that more Russian sanctions expected from Europe this week might include Norilsk and the export of nickel. We still seriously doubt this will happen, and wonder if the nearly 300 crew and passengers that died in this violent act, will do more to end the war in Ukraine than any sanctions were, or will accomplish. Putin appeared to be in control of the Ukranian situation until that missile was fired; now he has a stunned and angry world to contend with. Indonesia is shipping some ore again, but nickel is not on the list.
  • Average price of cash nickel so far this month - $8.70/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper steadies, but gains capped by growing supplies - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.34
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • ANZ shrugs off metals financing exposure - more
  • Indonesia ships first metal concentrate - more
  • China iron ore, steel extend losses to hit 1-month lows - more
  • (CFI) U.S. fastener imports of iron and steel fasteners (HTS Code: 7318) increased 3% month-to month to $418,063,782 in May and exports jumped 6% to $336,103,799.

    Antam, Direct Nickel Seek Financing for $1b Nickel Project in Halmahera - State mining company Aneka Tambang, or Antam, and Australian miner Direct Nickel seek financing for a project worth as much as $1 billion for mining nickel laterite deposits and setting up processing plants in Halmahera, North Maluku. - more

  • Antam-DNi’s nickel processing plant worth $1b - more

    Poseidon reveals plans for Black Swan - Nickel miner Poseidon Nickel on Monday revealed plans to pre-start engineering activities at its recently acquired Black Swan nickel plant. - more

  Morning Nickel Price Statistics & Figures

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

Friday, July 18

  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 $8.75/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.23/lb lower, with most London traded base metals trading lower as well. Stockpiles of nickel broke another record overnight, and now total 311,088 tonnes. Nickel is down sharply this morning, but we feel this has more to do with macro economic news than any fundamental. Yes, inventories continue to break record highs, but as we showed yesterday, the gains made this month have yet to match the pace of last July. Conflicts in Israel and Ukraine and their potential to spread have made traders nervous. The downing of a civilian airliner in Ukraine is an especially shocking development, and if the missile that reportedly downed the airliner proves to have come from Russian backed rebels, the newest sanctions announced earlier this week, could spread quickly. Stock markets around the world ended, or are trading lower on the downed airliner news and metals, and nickel in particular, has been caught up in the rush for the exit door. Have a relaxing and safe weekend.
  • Average price of cash nickel so far this month - $8.72/lb
  • Average cash price of nickel last month - $6.78/lb / average last year - $8.08/lb
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper at Two-Week Low on Ukraine to Israel Escalation - more
  • LME Morning - London copper braces for biggest weekly drop since early June - 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 - 86.55
  • 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

    Glencore’s Woman Director Marks Mining Industry Progress - Mining companies, long laggards in appointing women to their boards, are starting to catch up under pressure from corporate governance groups and activist shareholders. - more

    Anglo American releases quarterly production report - Anglo American Plc has released a production report for the quarter ended 30 June 2014. - more

    Populist Palmer out-manoeuvres the Coalition - Rebooting the budget debate by engaging in detailed analysis might be best way to deal with the Palmer problem - more

    International Ferro Metals Production Up, Warns On Costs - International Ferro Metals Thursday said its ferrochrome production increased in its fourth quarter giving it record full-year production, but it warned on costs after it failed to receive a UG2 chrome supply during the period. - more

    Russian stocks drop as Putin hints at sanctions revenge - Russian stocks and the ruble came under sharp pressure on Thursday, after the U.S. revealed fresh sanctions against the country over its failure to end the fighting in Ukraine, and as analysts fretted about increasing tension between the two nations. - 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 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Wednesday's trading session at $8.72/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME licensed warehouses continue to shatter records, with yesterday's over 2300 tonne gain taking the total inventory number to 310,782 tonnes. All time record high totals have been set during six of the last seven sessions. Stockpiles numbers typically grow in July because of the worldwide seasonal slowdown in stainless steel production. Last year, stockpiles grew 15,312 tonnes during the month of July 2013. With a little over half of July 2014 in the history books, stockpiles have grown by 5,526 tonnes. Looks like the resourceful Chinese are trying to figure how how to get around the Indonesia nickel ore ban by re-defining the low grade rock as iron ore. Considering less than a decade ago this rock was so low grade it was more likely to be called junk and discarded, we find this approach humorous and imaginative. Those who bet against the Chinese will eventually fail. Keep in mind the whole concept of 'pig nickel' wasn't even a factor in the industry until the Chinese made it a major factor.
  • Average price of cash nickel so far this month - $8.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Most Base Metals Drop for Second Day on Rising Supplies - more
  • Reuters metals morning - Copper sinks to two-week low, aluminium rally continues - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.68
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (Reuters) Michelmore also watered down speculation it was circling fellow miner BHP Billiton's Australian nickel assets. BHP has earmarked Nickel West for sale or spinoff to focus on production of iron ore and other commodities, triggering speculation MMG was among a handful of mining companies showing interest. Rather than new acquisitions, MMG's immediate focus was on completing its $5.85 billion purchase of Peru's Las Bambas copper mining project from Glencore, Michelmore said. - source
  • World's three largest iron ore producers compete for Chinese market - more

    Is nickel the metal to back in 2014? - Nickel is having a knock-out 2014. While concern over slowing growth in China has seen sell-offs in base metals including copper, zinc and lead, the price of nickel has rallied more than 50% since the start of the year. - more

    China nickel ore buyers aim to skirt Indonesia ban - sources - Chinese nickel pig iron producers are aiming to get around an Indonesian ban on nickel ore exports by buying a shipment of slightly lower grade material and labelling it as "iron ore", two Chinese industry sources said. - more

    Result of Demand & Supply for FeCr in Jan-Mar 2014 = Increased production of specialty steel makes consumption of FeCr increased = The result of demand and supply for ferro-chrome in the period from January to March in 2014 is compiled, which shows the consumption (some of them are estimate figures) of ferro-chrome in the same period is 175,406 tons for high carbon and 12,529 tons for low carbon which represented an increase of 13.4% versus the year-earlier period and a decrease of 7.2% ditto respectively. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, July 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Tuesday's trading session at $8.78/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.01/lb higher, with other London traded base metals trading mostly higher, but quietly as well. Stockpiles of nickel stored in LME approved warehouses hit another all time record high on Tuesday, with a reading of 308,418 tonnes. A deadly typhoon is raging across the Philippines today and will be heading for China next. This will very likely affect nickel ore shipments over the next few weeks.  Session ending prices have done little over the last few days, but official prices have increased over the last four sessions. Nickel official cash averaged $.843/lb last month and $8.73/lb so far this month. That's a nearly $700/tonne increase. Considering this is the slow period for stainless steel and nickel stockpiles are at record levels - the bull market looks very entrenched.
  • Average price of cash nickel so far this month - $8.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Rises on Falling Stockpiles, China’s Economic Data - more
  • Reuters metals morning -

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.71
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • Sirius soars on promising nickel prospect - more
  • China's H1 GDP grows 7.4% - more

    Goldman Forecasts Lower Commodity Prices as Super-Cycle Ends - Commodities from iron ore to copper and Brent crude will drop over the next five years as global supplies climb, according to Goldman Sachs Group Inc., which highlighted oil’s recent losses as a sign of increased output. - more

    Lapland to host Finland's biggest mine - The Canadian firm First Quantum Minerals has received permission to expand its nickel mine in Sodankylä, Lapland. - more

    Zimbabwe: More Risks Still Remain Despite BNC Turnaround - Bindura Nickel Corporation last week reported increased revenue of $65,01 million from $1,026 million recorded in the prior year. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Monday's trading session at $8.79/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses continue to set records, and did again yesterday, for the fourth time in the last five trading sessions. The new all time record high is on the books at 308,322 tonnes. Cancelled warrants are slowly fading from the high 40 percentile range of March and April and have registered under the 35% trading the last three sessions.
  • Average price of cash nickel so far this month - $8.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Slips Before Yellen Testifies on Monetary Policy - more
  • Reuters metals morning - Copper steadies with China growth in focus - more

  Reports

  • Commodity prices from Supply Management July 2014 - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.71
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • StanChart sues over metal fraud claims - more
  • Strong El Nino Seen Unlikely by Australia as Pacific Cools - more
  • El Niño remains on hold - more

    Nickel Asia's ore shipments up 40 pct in 1H - First-half shipments of the country's largest nickel producer grew by more than a third. - more

    Big name out of Nickel West race - One of the several buyers reported to be in the hunt for BHP’s Nickel West has dropped out, according to the AFR’s ‘Street Talk’ column. - more

  • What now for BHP Billiton Limited’s Nickel West business? - What: In what would be considered a blow for BHP Billiton Limited, commodities trading house Glencore Xstrata has withdrawn itself from the race to acquire the miner’s Nickel West assets. - more

    Russian’s stainless steel exports volume dropped twice - From January to May 2014 the stainless steel export volume in Russia dropped 58,7% to 4380 tons. - more

    Left, Greens and Norilsk Nickel weigh in on Harjavalta leak - Officials are torn over whether the waters of the Kokemäki river can be considered safe for normal use. - more

    China to end imported steel tax policy - China is to cancel its tax protection policy for certain types of imported steel, according to the Ministry of Finance, General Administration of Customs and State Administration of Taxation. - more

    Courtesy AISI - In the week ending July 12, 2014, domestic raw steel production was 1,903,000 net tons while the capability utilization rate was 79.1 percent. Production was 1,852,000 net tons in the week ending July 12, 2013, while the capability utilization then was 77.3 percent. The current week production represents a 2.8 percent increase from the same period in the previous year. Production for the week ending July 12, 2014 is up 2.7 percent from the previous week ending July 5, 2014 when production was 1,853,000 net tons and the rate of capability utilization was 77.0 percent.

  Morning Nickel Price Statistics & Figures

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

Monday, July 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Friday's trading session at $8.79/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.03/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME licensed warehouses rose to its third all time record high over the last four trading days, and now total 307,710 tonnes. Chinese media is reporting stockpiles of nickel ore rose over the last week, from 22.63 million tons on July 4th, to 23.02 million tons July 11th. While Citigroup's forecast that nickel stockpiles will be depleted quicker than they originally thought could very well prove true in the future, it's not today. Just curious. Does anyone know if Citigroup or any of the other metals analysts that make periodic forecasts have to disclose if the company they represent are invested in the metal they analysis, or profit directly by its price movement? Citigroup is listed one the LME web site under "Associate broker clearing members - category 2". It is understandable to see someone like the CEO of Eramet forecasting major deficits and making pricing forecasts, because one can analyse such a prediction in the context of the forecasters direct benefit. We are just curious if 'brokers' are screened under the same level of question. And while we claim no expertise in the market, we do know that LME warehouses have 46,062 tonnes more of nickel today than they had on the day Indonesia banned nickel ore exports. And Asian stockpiles are only 2.78 million tons lower (or roughly 10%) than they were on January 1st.
  • Average price of cash nickel so far this month - $8.74/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Zinc near 3-year top on supply worries, copper steady - more

  Reports

  • Metals & Manufacturing Outlook – July 2014 - more
  • Reuters Metals Insider - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.75
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more

    Nickel Market Seen by Citi Depleted Faster Than Expected on Ban - Nickel, the best-performing base metal this year, will extend its rally as the market is headed for a bigger deficit than previously forecast in the wake of Indonesia’s ore export ban, according to Citigroup Inc. - more

    Stainless Steel Production Reaches 10.2 Million Metric Tons in Quarter 1/2014 - The International Stainless Steel Forum (ISSF) has released figures for Q1 2014 showing that stainless steel melt shop production increased by 6.8% year–on–year to 10.2 million metric tons (mmt). Production increased in all regions. - more

    Australia's Sirius says in talks to supply raw nickel to smelters - Australian miner Sirius Resources NL is in late-stage negotiations with a trio of major nickel smelters to supply up to 26,000 tonnes of nickel concentrate annually, its managing director said. - more

    Chinese steelmakers thrive as raw material costs plunge - Mainland steel producers have seen their profit margins surge to the highest in at least 18 months on the back of sharply lower raw material prices and robust demand, a trend expected to continue in coming months, analysts say. - more

    Colombia coal, nickel contractor says talks with strikers imminent - Contractor Dimantec, which employees around 3,500 mechanics to service machinery at Colombia's largest coal mines, said it is planning to meet with union representatives in a bid to end an unlimited strike that entered a third day on Friday. - more

    Zimbabwe: Bindura Nickel Resumes Production - Bindura Nickel Corporation last week revealed that production has resumed profitably with nickel sales of 7,129 tonnes recorded for the year. - more

  Morning Nickel Price Statistics & Figures

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

Friday, July 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Thursday's trading session at $8.75/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.06/lb lower, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME approved warehouses slipped slightly after two days of record setting highs and ended Thursday just over the 307,300 tonne level. In Indonesia, as in Afghanistan, both Presidential candidates are claiming victory, setting the stage for potential violence. Ukraine isn't getting as much media attention as it was a few months ago, but fighting there has intensified recently with government troops attacking rebel strongholds and many a weary eye watching to see what Russia might use as an excuse to enter the foray. Russia is the largest producer of nickel in the world and any rumors that Europe or the US might expand economic sanctions currently in place and include Russian nickel producers, drives the price of nickel higher. Unless nickel turns higher today, it will end the week lower for the first time in three weeks, and it is trading back where it was early last month. LME cash nickel averaged $8.43/ln last month and is running at $8.74/lb so fat this month. Have a relaxing and safe weekend.  
  • Average price of cash nickel so far this month - $8.74/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Set for Weekly Advance Inventories Continue Decline - more
  • Reuters metals morning - Copper eyes 4th week of gains on tighter supply - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.86
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (Reuters) China's Baoshan Iron and Steel (Baosteel) said on Friday it will keep its major product prices for August delivery unchanged from July.
  • Retailers watch West Coast ports labor talks, shift goods to other ports - more

    Japanese Mills Keep Austenitic Stainless Sheet Prices at $3,100-3,200 CFR Level - As the Asian austenitic stainless steel mills reduced their domestic prices for July shipment, bid prices of customers in the Southeast Asian region are falling to $3,000 CFR or so. - more

    Tin Losing to Nickel on Indonesia Ban: Chart of the Day - Tin, in shortage for at least the past four years, is set to become cheaper than oversupplied nickel for the first time since 2010 after Indonesia banned unrefined ore exports, according to Xconnect Trading Ltd. - more

    Lapland to host Finland’s biggest mine - The Kevitsa mine in Sodankylä is to become Finland’s largest mine after it was granted permission to expand. - more

    Labor dispute shuts L.A., Long Beach ports - Nearly 1,000 dockworkers briefly walked off their jobs Tuesday at the massive ports of Los Angeles and Long Beach, disrupting the movement of international cargo before a mediator ordered them back. - more

    Zimbabwe: Bindura in Re-Birth! - Bindura Nickel Corporation's long road to recovery, which included five difficult years under care and maintenance, culminated in a strong return to profitability, thanks in part to the firming international nickel prices. - more

    Jobs go as mining boom goes bust - After 25 years working around the world as a highly paid geologist earning a six-digit salary, Phil Scheimer is back in Australia weighing up his future prospects: day labourer or pizza delivery man. - more

  Morning Nickel Price Statistics & Figures

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

Thursday, July 10

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Wednesday's trading session at $8.80/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.14/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME licensed warehouses rose to another record high for a second consecutive session and now totals 307,410 tonnes. A well known metals site has an article titled "Chinese nickel prices rebound, oversupply looms" on its site this morning. Oversupply? Just a reminder to our readers. On January 12th, when the Indonesia nickel ore ban began, LME stockpiles stood at 261,906 tonnes. Now, six months into the ban, stockpiles have increased by 45,504 tonnes, or 17%. The LME official cash price closed January 10th at $6.20/lb and yesterday at $8.85/lb. Speculation is alive and well.
  • Average price of cash nickel so far this month - $8.76/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Nickel Retreats in London as Stockpiles Climb to Record - more
  • Reuters metals morning - Copper slips on weak Chinese copper imports - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.85
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (SG) Morgan Stanley raised its 2014 forecast for nickel prices higher by 13% to USD 17640 per tonne ($8.00/b).

    Interview with Mr. Buffet, Chairman of ERAMET, France in Tokyo = Capital expenditure in 2014 is to be reduced to EUR400 million = Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET, France who visited Japan had a press interview at Hotel Okura located in Minato-Ward, Tokyo on July 4, and announced the Company's activity in 2013 and its future forecast as follows. - more

    Indonesia ore ban to remain should Widodo win poll, ANZ says - Indonesia’s ban on ore exports will probably remain in place and speculation that the curb may be relaxed if Joko Widodo becomes the country’s next president is misplaced, said Australia & New Zealand Banking Group Ltd - more

    Mwana Africa bounces back with $50.6m profit - Pan African resources company Mwana Africa posted a net profit of $50.6 million in the financial year to March 31, 2014 after the reversal of $28 million impairment at Bindura Nickel Corporation. - more

    Harjavalta nickel leak biggest on record - The nickel leak from a factory in Harjavalta is now the biggest ever recorded in Finland. - more

    Mount Lyell mine closure: Tasmanian Government sets up taskforce as mine workers made redundant - An economic taskforce has been set up to help Tasmania's struggling west coast after hundreds of workers lost their jobs in the closure of the Mount Lyell copper mine. - more

    Cherished Redwood Region Threatened by Nickel Mines - Hidden from the usual tourist circuit, two streams of southwestern Oregon tumble down from the Siskiyou Mountains through wild canyons embossed with pines and boulder fields. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, July 9

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Tuesday's trading session at $8.95/lb . Indicators at 6:45 am CST today show 3 month nickel trading around $.03/lb lower, with other London traded base metals trading mixed. Stockpiles of nickel stored in LME licensed warehouses reached a new all time record high yesterday and ended the day at 306,828 tonnes. The short term trend for nickel has turned bullish again, with the $9/lb range now offering psychological resistance, and apparently, a goal for traders. Technically driven, this most recent bullish charge appears to have legs, especially if traders can break past the $9/lb level. On the other hand, we still see signs that teh technically driven run is going against fundamental factors, such as record setting inventory levels of nickel seven months after 'the sky supposedly fell'. And while we have little doubt that Indonesia's ban of nickel ore will eventually affect worlwide stockpiles, that that time is 'not yet'.
  • Average price of cash nickel so far this month - $8.75/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Aluminum Touches One-Year High on Alcoa Deficit Outlook - more
  • Reuters metals morning - Zinc gains 1 pct on forecast for shortages, global growth - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.82
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • Laif Meidell: Nickel still worth a pretty penny - more
  • Citic Resources sues for return of metals stored at Qingdao port - more
  • Fastener Prices Head Up on Increased Demand and Steel Hikes - more

    Price Negotiation on S. African Charge Chrome for Jul- Sept Still Going on = Negotiation continues into July with difference in way of thinking between producer and customer = The negotiation on the benchmark price of South African charge chrome for the period from July to September which was going on in Japan and Europe could not come to a conclusion by the end of June. - more

    Need to cut duty on imports of nickel, scrap for steel - The name stainless creates the impression of a superior and exclusive member in the family of steel. - more

    Groups oppose proposed mining in Smith watershed - Conservation organizations are attempting to derail proposed exploratory drilling that they fear could lead to a nickel strip mining operation in a remote corner of southeast Curry County that has been proposed for federal wilderness protection. - more

    Zimbabwe: U.S. Firm Finalises Plans for Nickel Mine - United States-based Raptor Resources Holdings has finalised its plan to develop its green field nickel and copper mineral claims in Shamva, the company confirmed yesterday. - more

    Explainer: The Clive Palmer and Citic dispute - The acrimonious and escalating war between Clive Palmer and Citic centres around massive cost blow-outs and disputed royalty payments at the Sino Iron project in Western Australia. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 8

  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 $8.77/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.07/lb higher, with other London traded base metals trading mostly higher as well. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and now total just under the 305,300 tonne level. Indonesia will hold its Presidential elections tomorrow, but no one really expects any change in their policy toward the nickel export ban that began on January 12th, regardless of who wins. We are getting mixed signals on stainless steel prices in China. One index we monitor shows prices dropping this week, while the other shows a slight gain. Ours shows a slight increase as well. A question to consider in regards to Eramet's press conference last week. In it we heard from Bertrand Madelin, CEO of Eramet Nickel, that nickel will remain in surplus this year, but Eramet is forecasting serious deficits in coming years. If this is true, why are Norilsk and BHP unloading their Australian nickel operations? Norilsk and BHP are leaders in the production of nickel and if they are losing faith in the long term outlook for nickel, why are traders panicking? Madelin would like nickel to trade in the $10-$12/lb range and says he needs to see $10/lb before he can start a new project. A reminder to those who might be new to the industry. Nickel averaged $4.73/lb from 2001 thru 2005, and miners were pleased with their financial return then.  
  • Average price of cash nickel so far this month - $8.74/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Advances to Highest Since 2011 on Tightening Supply - more
  • Reuters metals morning - Copper hovers around 4-1/2-month high, zinc races to 3-year peak - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.79
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • Copper miners' paths diverge over Indonesia export tax - more
  • German steel workers agree pay rise - union - more
  • Mining Projects Group finds new nickel sulphide targets to drill at Roe Hills - more
  • Small Business Economic Trends - more

    Environmental authority: Nickel leak threatening southwest river - Environmental authorities in southwest Finland fear that nickel emissions from a local mine may be endangering marine life in the Kokemäki River. - more

    Prevailing Price Level of Ni SUS Scrap in July JPY180,000/Ton = Due to drop in Ni price and 3 stainless steel mills' production curtailment in summer season = Many of stainless steel mills submit their purchase price of nickel-containing stainless steel scrap (SABOT) as July delivery at JPY180,000 per ton (delivered at factory). - more

    Universal Stainless Promotes Christopher Zimmer to Executive Vice President and Chief Commercial Officer - Universal Stainless & Alloy Products, Inc. announced today that Christopher M. Zimmer has been named Executive Vice President and Chief Commercial Officer of the Company. - more

    Independence up on output data - Shares in Independence Group moved higher after the multi-commodity miner announced better than expected production across its operations. - more

    Black Swan nickel project sale a lucky break for Poseidon - Poseidon Nickel, a junior mining company backed by Andrew “Twiggy” Forrest, will purchase the Black Swan project from Russian powerhouse Norilsk Nickel. - more

    Courtesy AISI - In the week ending July 5, 2014, domestic raw steel production was 1,853,000 net tons while the capability utilization rate was 77.0 percent. Production was 1,844,000 net tons in the week ending July 5, 2013, while the capability utilization then was 77.0 percent. The current week production represents a 0.5 percent increase from the same period in the previous year. Production for the week ending July 5, 2014 is down 0.5 percent from the previous week ending June 28, 2014 when production was 1,863,000 net tons and the rate of capability utilization was 77.5 percent.

  Morning Nickel Price Statistics & Figures

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

Monday, July 7

  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 $8.79/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.07/lb lower, with other London traded base metals trading mostly higher. Stockpiles of nickel stored in LME licensed warehouses rose on Friday, replacing the prior two days of withdrawals to the tonne, now totaling just under the 305,400 tonne level and exactly where we were last Tuesday. Chinese media is reporting stockpiles of nickel ore stocked a major ports there, fell by 130,000 tons from June 27th to July 4th, from 22.76 million tons to 22.63 million tons. We still show major resistance at $8.98/lb, which held last week. Initial support has now moved up to $8.58/lb. Technically the market has turned bullish again, while LME stockpile numbers are not adding a fundamental signal to buy. The ending of the ease fire in the Ukraine could cause some nervousness amongst traders about how Russia will react, and if the West will react with more economic sanctions should they. The Indonesia presidential elections will be held on Wednesday but we expect no change in their export policy, regardless of who wins.  
  • Average price of cash nickel so far this month - $8.73/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Drops as Stockpiles Increase, Rally Seen Excessive - more

  Reports

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

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.77  
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (AM) Japan's stainless steel output up by 13.9% y-o-y in April
  • (Yieh) It's reported that Tang Eng Iron Works, one of the major stainless steel producers in Taiwan, announced to cut its domestic prices for 300 series stainless hot rolled and cold rolled flat products by TWD 4,000 per tonne to TWD 4,500 per tonne for July, due to weak demand and lower nickel prices.
  • Trader pledged metals in Qingdao three times for loans, source says - more
  • United States Purchasing Managers Index (PMI) - more

    France Eramet sees global nickel deficit in 2015-2017 on Indonesia ban - France's Eramet sees a global nickel deficit in 2015-2017 if Indonesia strictly adheres to its policy of banning exports of unprocessed nickel, Bertrand Madelin, CEO of Eramet Nickel said Thursday. - more

    BHP has six bidders looking at Nickel West unit - report - Six potential bidders, including Dutch commodity trader Trafigura and Hong Kong-listed MMG Ltd, are looking at the books of BHP Billiton's Australian nickel unit, the Australian Financial Review reported on Sunday, without saying where it got the information. - more

    Budget 2014: Stainless Steel Body for Duty Hike to Check China Imports - Stating that the share of Chinese stainless steel products has touched about 30 per cent in the Indian market, the Indian Stainless Steel Development Association (ISSDA) has demanded doubling the import duty on these to 10 per cent in the upcoming budget to safeguard interests of the domestic industry. - more

    MMC Norilsk Nickel To Sell Black Swan / Silver Swan Assets In Western Australia - Nickel and palladium producer OJSC MMC Norilsk Nickel announced that through its Australian subsidiaries, MPI Nickel Pty Ltd. and Black Swan Nickel Pty Ltd., it has entered into an agreement to sell its Black Swan / Silver Swan assets located in Western Australia and currently under care and maintenance to Poseidon Nickel Limited. - more

    DENR allows Nickel Asia to dispose of stockpiles - Nickel Asia Corp. (NAC) said that the Department of Environment and Natural Resources (DENR) has allowed it to dispose of a subsidiary’s nickel ore stockpiles dating from the 1990s in typhoon-hit Guiuan, Eastern Samar. - more

    (Friday) Nickel Falls From Six-Week High as Supplies Viewed as Sufficient - Nickel fell from a six-week high in London amid speculation supply of the metal is ample for now, easing concern about a potential shortage after Indonesia barred exports of raw ores in January. - more

  Morning Nickel Price Statistics & Figures

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

Thursday, July 3

   US markets are closed on Friday to celebrate Independence Day. Our next update will be on Monday. Have a safe and relaxing weekend.

  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 $8.96/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading lower. Stockpiles of nickel traded in LME licensed warehouses fell and now total just under the 304,950 tonne level. Yesterday we were talking about the $19,000/tonne level appearing to offer both a support/resistance line. After we posted, the market turned positive and today the market is trading around the $20,000/tonne level. This is nearly all technical driven, with mostly positive manufacturing PMI reports from around the world, and a surprisingly strong ADP employment report from the US, offering some morale support.
  • Average price of cash nickel so far this month - $8.60/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Nickel Climbs to Highest Since May on Demand Outlook - more

  Reports

  • SMC Global Monthly Report on Base Metals - more
  • Japan's Imports of Ferro Alloys in May 2014 - more
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.77
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (Reuters) South Korea bought 100 tonnes of nickel for arrival by Oct. 31 via a tender closed on Wednesday, the state-run Public Procurement Service said on its website
  • Labrador Iron halts mining on iron ore price drop - more

    Why Nickel Prices Could Come Under Pressure - Nickel, which was one of the worst performing metals in 2013 due to oversupply and feeble demand, has recovered remarkably this year. - more

    Steel industry troubles persist despite upturn - A total of 26 out of 88 medium and large-sized iron and steel enterprises are still in red, with the combined loss of 8.93 billion yuan ($1.43 billion) in the first five months of this year, the Economic Information Daily reported Wednesday, citing data from the China Iron and Steel Association (CISA). - more

    Canada bans Palmer's Gladstone Pacific Nickel - Gladstone Pacific Nickel Limited, 95% owned by Clive Palmer, has been banned by the Toronto Stock Exchange for failing to adhere to Canadian corporate disclosure laws. - more

    Nickel Increases As Supplies Dwindle - In the 1980 film, On the Nickel, the main character is a recovering alcoholic who has emerged from skid row. - more

    Kazakhstan’s Gamble: Go West Or Go Bust – OpEd - How does a country escape Russia’s economic grip? According to the Moscow Times, Kazakhstan stepped up efforts to tackle this problem in June, after the government announced that it will suspend corporate and land tax for 10 years for foreign investors setting up new businesses. - more

  Morning Nickel Price Statistics & Figures

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

Wednesday, July 2

  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 $8.68/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.04/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Tuesday and now total just under the 305,400 tonne level. On Monday, the $19,000 tonne level was a psychological line of resistance. Today, it appears to be offering support to traders, with nickel slumping to that level and now bouncing back. We still show a line of strong resistance at $8.97/lb, with major support at $8.14/lb. But for this week so far, $8.61/lb appears to be offering the market both.
  • Average price of cash nickel so far this month - $8.55/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Copper Retreats From 16-Week High as Surge Seen Excessive - more
  • Reuters metals morning - Copper steady near 4-month high on economic optimism - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.52
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • Govt forecasts climb in Japan crude steel output - more
  • Dockworkers' Contract Expires, but Trade Continues - more

   North American Stainless - For the month of July 2014, 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.

    China's Baosteel cuts July ferrochrome price, Jiuquan Steel's unchanged - China's Baosteel has cut its high carbon ferrochrome (50% Cr) July purchase price by Yuan 50/mt ($8/mt) to Yuan 6,550/mt (equivalent to 80.6 cents/lb), delivered with 17% VAT on cash terms, a company official confirmed Tuesday. - more

    Komatsu CEO Flags China Slump as Mining Nears Bottom - Komatsu Ltd, the world’s second biggest maker of building and mining equipment, said sales in China are falling more steeply than anticipated, joining larger peer Caterpillar Inc. (CAT) in flagging fraying Asian demand. - more

    Stainless Crude Steel Production by Major SUS Mills in May 264,709 Tons = Down by 1.3% from prior month and NSSC, Hikari and Nisshin Steel, Shunan decrease production = The stainless crude steel production by 6 major stainless steel mills in May 2014 was 264,709 tons, down by 1.3% from 268,206 tons of the prior month. - more

    EMB stops two mining companies from hauling nickel ore in Zambales - The Environmental Management Bureau (EMB) Region 3 denied the request of two mining companies to lift the suspension orders keeping them from hauling nickel ore stockpiles from Zambales, the Alyansa Tigil Mina (ATM) said Wednesday. - more

    Platts China Steel Sentiment Index Suggests New Steel Orders Drop in July - The health of China's steel sector appears to have ebbed slightly, with the industry largely anticipating a slowdown in new steel orders in July, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 45.90 out of a possible 100 points and marked a six-month low. - more

    Just-in-time deliveries spur metals hedging - Mainland manufacturers, pressured by surging labour costs and the yuan's appreciation in recent years, have been ordering metal only when it is needed, forcing suppliers to hedge their exposure on the commodities market, according to zinc and nickel alloys distributor and maker Lee Kee Holdings. - more

    ANC ‘pushes to tax exports of raw materials’ - The ANC has decided to introduce measures including export taxes in the next five years to encourage companies to use local raw materials for domestic manufacturing, according to a person with knowledge of the matter. - more

    South Sulawesi Exports Up 23.75 Per Cent In May - South Sulawesi recorded a 23.75 per cent increase in exports to US$154.12 million in May from the previous month, Indonesia's ANTARA news agency reports. - more

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 1

  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 $8.56/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose on Monday to end June at 305,256 tonnes, just 714 tonnes off the all time record high. The average price of cash nickel in June was $8.43/lb, down from $8.82/lb in May, but much higher than January's $6.39/lb. We are entering what is typically the slow period for stainless steel production, and this usually lasts thru the months of July and August. We will be watching China closely during this period to see if stockpiles of ore start to dwindle, as we expect this to happen beginning in September. There is an opportunity for ports to stock up with nickel ore from the Philippines, but we will have to see what happens. Trading recently has been technically driven and we could see that continue thru the month of July. Without some news to boost the price, we could see nickel drift lower thru the upcoming month.
  • Average price of cash nickel so far this month -  N/A
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Zinc Declines as Rally to 16-Month High Seen Excessive - more
  • Reuters metals morning - Zinc retreats from 16-1/2 month high, copper slips - more

  Reports

  • Global Nickel Industry - Jan'14 - pdf here
  • Commodities Daily - here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Mangal Commodities Metals & Energy - pdf here
  • Danske Weekly Focus - pdf here

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 86.70
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • White Cliff Minerals identifies new nickel anomaly at Merolia - more
  • China's June PMI at six-month high - more
  • China's iron ore mines won't shut fast enough to offset global supply boost: Russell - more
  • Record-breaking magnet crams three tons of force into the size of a golf ball - more
  • Some more El Niño-like patterns emerge, but no El Niño yet. - more
  • U.S. Fastener Demand to Rise by 4.3% Annually - more

    S.Korea POSCO says cuts July stainless steel prices on nickel drop - South Korean steelmaker POSCO said in a statement on Tuesday it has slashed its monthly stainless steel prices for July by 200,000 Korean won ($200) a tonne to reflect easing nickel prices, swinging back to price levels from a month earlier. - more

    Stainless Steel Prices at Crossroads - MEPS - Global stainless steel prices are going through a transitional stage. Transaction values in June were pulled in all directions by a variety of different market forces. - more

    ANC said to decide on minerals export taxes - The National Executive Committee is considering implementing export taxes to encourage the use of local materials in domestic manufacturing. - more

    EU investigates Chinese stainless steel products in dumping probe - The European Commission has launched an anti-dumping investigation against cold rolled stainless steel product imports from China, a move detrimental to Chinese exporters, experts said on Friday. - more

    Courtesy AISI - In the week ending June 28, 2014, domestic raw steel production was 1,863,000 net tons while the capability utilization rate was 77.5 percent. Production was 1,824,000 net tons in the week ending June 28, 2013, while the capability utilization then was 76.1 percent. The current week production represents a 2.1 percent increase from the same period in the previous year. Production for the week ending June 28, 2014 is down 0.9 percent from the previous week ending June 21, 2014 when production was 1,880,000 net tons and the rate of capability utilization was 78.2 percent.

    Amcu wants a word on mine closures - Joseph Mathunjwa, president of the Association of Mineworkers and Construction Union (Amcu), will write a letter to Anglo American Platinum (Amplats) to enquire about plans to sell off some of its platinum mines in the Rustenburg area. - more

    Zimbabwe Wants 2015 FDI to Double as Ownership Law Clarified - Zimbabwe’s investment authority wants to draw $2 billion in foreign direct investment next year, doubling from this year’s target, as the government clarifies black economic-empowerment laws for investors. - more

  Morning Nickel Price Statistics & Figures

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

 June Archives


Chart Info Delayed 1 Day

Chart temporarily down

Chart temporarily down


Translate this page to French | German | Spanish | Italian | Portuguese | Chinese | Japanese | Korean | Russian


"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays - Disclaimer Original content and opinions copyright www.estainlesssteel.com. All prices shown on this page are indications only. Note - For real time and official LME prices, LME requires a user subscribe to an authorized LME vendor.

Site Sponsors

Advertise your company on this site

Your banner here

MEPS Stainless Steel Price Index

Global 304 SS Index

nickel prices

North America 304 Index

price of stainless steel

EU 304 SS Index

price of nickel

Asia 304 SS Index

Other Sites

Nickel Mining Stock
Stainless Steel Videos
USGS Mineral Reports
Industrial Metals Index
Nonferrous Metals Index
World Disaster Info
NOAA El Nino Updates
Investor Guide

Today's Market

USA Economic Calendar
World Economic Calendar
Europe Markets
Asia/Pacific
TED Spread
LMEX Index
VIX Index
US Futures


LME Margins
LME Calendar
LME Ring Times
Metals MSDS
Nickel Toxicology
Stainless Steel MSDS
USGS Molybdenum Info
USGS Nickel Information
USGS Chromium Information
Tariff Codes (many countries)

Price of Nickel

Nickel Graph Temporarily Down

1 and 5 year nickel chart

JP Morgan Delayed Price

Daily Commodity Prices

Site Pages

Stainless Steel Graph/Charts
Stainless Steel Surcharge
Nickel/Stainless Research
Stainless Steel Literature
Ferrochrome Facts
Worldwide PMI

Archives

2020
January February March
April

2019
January February March
April May June July August
September October
November December

2018
January February March
April May June July August
September October
November December

2017 and prior



nickel news




Nickel Publications at Amazon

Contact author  /   EStainlessSteel Home Page

Your free daily news source for nickel, molybdenum, ferrochrome, chromium, iron ore and stainless steel market prices and news.

Any reproduction in whole, or in part, without permission from the author is prohibited.
© 2003-2019