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Friday, July 31
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.96/lb. Indicators
at 6:20 am CST today show 3 month nickel trading around $.04/lb
lower, with other
London traded base metals trading . Stockpiles of nickel stored in
LME approved warehouses threw the market a curve ball this week, and after
looking to fall for a second month, a large two day gain on Tuesday and Wednesday
added 8,418 tonnes, and erased all earlier losses for the month. A small
drop yesterday brings totals to just under 460,100 tonnes. News remains light
and that typically doesn't change until late August. Have a safe and relaxing
weekend.
Average price of cash nickel so far this month - $5.17/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(MBN) Brazil's Vale expects nickel prices to rebound in the second half of
2015, as the market has shown some signs of improvement during the quarter
ended June 30.
Philippines
to mine nickel until year end with help from El Nino - Philippine nickel
miners, hit by a slump in prices, may have found an unexpected ally in the
El Nino. -
more
Russia’s
Norilsk Nickel says Q2 nickel output at 64,000 tonnes - Russia's Norilsk
Nickel , one of the world's largest nickel and palladium producers, said
on Friday its second-quarter nickel output was at around 64,000 tonnes and
its palladium production at 726,000 troy ounces. -
more
Vale Workers
Accuse Company of Ignoring Safety - Some workers at the Vale site in Long
Harbour say their workplace safety concerns are being ignored. -
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)
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 29
We
will be traveling the rest of this week and not sure about internet access.
Our next update may not be until next Monday. We apologize for any inconvenience.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.12/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.06/lb
lower, with other
London traded base metals trading mostly lower. Stockpiles of nickel are
the story today, with a Tuesday gain of 5,310 tonnes, July might actually
end with a monthly gain. With just a few days left in the month, stockpiles
total just under the 457,900 tonne level, nearly 1400 tonnes higher than
the month started at. Nickel mines are announcing closures and cut backs,
which should add support to pricing - someday.
Average price of cash nickel so far this month - $5.20/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
List of world's top ten steel producers in June '15 -
more
Australia's
Mincor slashes nickel output amid prices near 6-yr lows - Australian nickel
miner Mincor Resources said on Wednesday it will reduce production by up
to 56 percent over the six months to end-December due to persistent low nickel
prices that have left its operating levels unsustainable. -
more
Canadian miner
Sherritt posts wider loss as nickel prices drop - Canadian miner Sherritt
International Corp reported a bigger loss for the second quarter, hurt by
lower nickel prices. -
more
Philippines' Global Ferronickel waits for prices to recover before share
sale - Global Ferronickel Holdings Inc , the Philippines' No. 3 nickel producer
by output, said on Wednesday it would pursue a planned follow-on share sale
this year if the stock price more than doubles by October. -
more
Courtesy AISI
- In the week ending July 25, 2015, domestic raw steel production was 1,740,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,914,000 net tons in the week ending July 25, 2014 while the capability
utilization then was 79.6 percent. The current week production represents
a 9.1 percent decrease from the same period in the previous year. Production
for the week ending July 25, 2015 is down 0.7 percent from the previous week
ending July 18, 2015 when production was 1,753,000 net tons and the rate
of capability utilization was 73.3 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)
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 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.98/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.11/lb
higher, with other
London traded base metals trading higher this morning. Stockpiles of nickel
stored in LME approved warehouses fell on Monday and now total just under
the 452,600 tonne level. China stocks continued to fall last night, but the
rout factor disappeared and that is sending a positive signal to western
markets. European markets are trading higher this morning, as are US futures.
Nickel, which fell below $5/lb yesterday, is bouncing hard this morning,
with support at $10,900 holding. Market news, which is typically light during
the month of August, has already started drying up.
Average price of cash nickel so far this month - $5.20/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SSY) US steel imports fell to an 18-month low of 2.8 Mt in June, down 16%
year-on-year, according to preliminary trade data from the US Census Bureau.
Nevertheless, steel imports in the 1h15 were still up 2% on the same six
months in 2014 at 19.5 Mt.
(FAN) Russian imports of stainless steel products in June this year increased
by 22.1 percent month on month to 21,092 mt.
Nickel
imports in China nab a massive increase - China’s imports of refined
nickel increased by a staggering 250% in June to 38,545 mt compared to 11,014
mt in June 2014. -
more
Chinese steel juggernaut slows but not fast enough: Andy Home - Chinese steel
output fell by 1.3 percent in the first half of the year. This is self-evidently
not good news for the iron ore market, given China is the single biggest
buyer of seaborne ore. -
more
Nunavik
nickel firm wants to nearly double Raglan’s lifespan - The operators
of Nunavik’s Raglan nickel mine hope to expand its lifespan well beyond
2019, with the addition of five new underground mines across the region’s
nickel belt. -
more
Unpacking
the secrets of South Africa’s dolerite sills - The exploitation of mineral
deposits always creates debates around economic necessity versus environmental
preservation. -
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)
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 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.14/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.13/lb
lower, with other
London traded base metals trading mostly lower as well. Stockpiles of nickel
stored in LME approved warehouses rose on Friday and ended the week just
over the 453,400 tonne level. Shanghai Metals Market is reporting no change
in nickel ore stockpiles at six major Chinese ports, with a second week report
of 10.67 million tonnes. When you wake up to a headline that the Shanghai
Composite Index dropped 8-1/2% overnight, you just know its going to be a
difficult day for commodities. And nickel appears to be suffering more than
most, down over 2-1/2% at the moment and knocking on the $4/lb range again.
Average price of cash nickel so far this month - $5.21/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China June industrial profits fall 0.3 percent year on year -
more
China Stocks Sink Most Since 2007 as State-Induced Calm Shatters -
more
Shanghai ends at 2-week low in biggest daily drop in 8 years, Shenzhen and
Hong Kong tumble -
more
U.S. Fastener Imports and Exports Continue to Decline in May -
more
The nickel
price can only go up - It's a strange time to be in mining. Irrational exuberance
has been replaced by irrational despondency. -
more
Botswana
Metals starts exploration for nickel sulphides - Botswana Metals recently
raised funds and is now ready to explore its wholly-owned prospecting licence
PL 59/2008 in Botswana. -
more
Nickel
Magazine - Current Issue Volume 30-2: 30th anniversary issue -
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)
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 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.18/lb. Indicators
at 6:15 am CST today show 3 month nickel trading around $.07/lb
lower, with other
London traded base metals trading mostly lower as well. Stockpiles of nickel
stored in LME approved warehouses fell on Wednesday and now total just over
the 453,300 tonne level. An economic gauge from China is sending traders
a warning sign of weakening factory production, and metals are paying the
price. The market is in serious danger of falling below the $5/lb level again.
Have a safe and enjoyable weekend.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Nickel prices are expected to fall further next week, with LME nickel
trading at $ 11,000-11,500 per tonne, SMM predicts.
Chinese Factory Gauge Weakens in Threat to Economic Recovery -
more
Metals
hit multi-year lows on global growth concerns, dollar rises - Metal prices
hit multi-year lows on Friday after weaker-than-expected data from China
and the euro zone raised concerns about global growth, but the U.S. dollar
rose as a Federal Reserve rate hike was still on the table. -
more
China stockpiler
likely to buy nickel on low global prices: Sources - China's commodity stockpiler
is likely to buy refined nickel as it takes advantage of lower prices of
the metal, but the impact on global benchmark rates is likely to be muted
in the near term given ample world supplies, industry sources said on Thursday.
-
more
Vale’s
nickel IPO chances fade as production disappoints again - Vale missed production
estimates for nickel for a second consecutive quarter, coming as a plunge
in metal prices makes the company’s plan to sell as much as 30% of the
nickel unit in an IPO less likely. -
more
The Good
And The Bad At Poseidon Nickel: The Reserves Look Good, But The Production
Start Is Being Delayed - Poseidon Nickel has released two reserve estimates
on both Mt Windarra and Lake Johnston as part of a new mine plan. -
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)
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 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.20/lb
. Indicators
at 6:20 am CST today show 3 month nickel trading around $.04/lb
lower, with other
London traded base metals trading mixed and very quiet. Stockpiles of nickel
stored in LME approved warehouses fell on Wednesday and now total just under
the 453,750 tonne level. The Euro is trading higher this morning but nickel
can't seem to find the gas pedal. Typically, when rumors start swirling that
China is secretly stockpiling nickel, traders take the price of nickel higher.
This time they appear to be wary about possibly scaring any potential Chinese
sources off, and the falling price makes any possible stockpiling a even
more lucrative exercise. Based on LME warehouse numbers, the world is fairly
close to balance in supply and demand and with record stockpiles already
built up around the world, more stockpiling does nothing but skew the statistics.
Average price of cash nickel so far this month - $5.23/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China's rising commodity exports changing nature of trade: Russell -
more
Nickel bucks the trend of slower Chinese metal imports: Andy Home - China's
pull on refined metal from the rest of the world was much diminished in the
first half of this year. -
more
Nickel imports
in China nab a massive increase - China’s imports of refined nickel
increased by a staggering 250% in June to 38,545 mt compared to 11,014 mt
in June 2014. -
more
Global
Nickel market records surplus during Jan-May '15 - The global nickel production
exceeded apparent demand during the initial five-month period of the year.
-
more
China stockpiler
likely to buy nickel on low global prices: Sources - China's commodity stockpiler
is likely to buy refined nickel as it takes advantage of lower prices of
the metal, but the impact on global benchmark rates is likely to be muted
in the near term given ample world supplies, industry sources said on Thursday.
-
more
Global nickel
glut seen persisting as Sumitomo Metal shifts - Japan's biggest nickel producer
reversed its outlook for the global market to predict another surplus as
demand growth slows in China. -
more
First
Quantum Minerals to restart Ravensthorpe nickel mine after 2014 shutdown
- The operator of the Ravensthorpe nickel mine says it is in the process
of restarting the mine on Western Australia's south coast. -
more
Philippines – Liquefaction of Nickel Ore from Surigao - Earlier
this month a supramax bulk carrier sailed for Lianyungang, China after loading
a cargo of nickel ore at Surigao, Philippines. -
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)
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 22
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.30/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.03/lb
lower, with other
London traded base metals trading mostly lower as well. Stockpiles of nickel
stored in LME approved warehouses rose on Tuesday and now total just over the
453,800 tonne level. Nickel was trading strong yesterday until US equity
markets opened sharply lower, and this dragged nickel lower to a break even
day. The Euro is trading lower this morning, and European markets are trading
lower as well. US futures are lower at the moment, and base metals
are not bucking the pessimistic trend. At least not yet.
Average price of cash nickel so far this month - $5.23/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Inbound shipments of refined nickel to China surged in June, according
to China Customs. Imports surged to 38,759 tonnes in June, up from 23, 476
tonnes in May, according to the data.
Worst is over
for base metals firms - Prices of base metals have seen some recovery in
the past week, after most of these visited their two-six year lows, following
the Greece crisis and sharp fall in the Chinese equity market. -
more
Australia's
South32 nickel output falls below guidance - Australia's South32 said on
Wednesday it missed June quarter nickel production guidance due to labour
unrest at its Cerro Matoso mine in Colombia and a drop in ore grades. -
more
Mwana
Africa's nickel arm hits production record - The Trojan mine produced 7,306
tonnes (7,129) in the year to March generating US$78.9mln in revenues. -
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)
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 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.30/lb
. Indicators
at 6:15 am CST today show 3 month nickel trading around $.08/lb
higher, with other
London traded base metals trading mostly higher and much quieter than nickel.
Stockpiles of nickel stored in LME approved warehouses rose on Monday and
now totals just under the 453,600 tonne level. Rumors that China is stockpiling
nickel has caught traders interest and import numbers of refined nickel recently
has added evidence to the rumors. Considering China is very dependent on
foreign sources for its nickel, it makes sense that China would be taking
advantage of low market prices to build up their stockpiles. How much this
will boost current prices remains to be seen.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) The rumors of nickel stockpiling by China’s State Reserve Bureau
drove the September-delivery contract up to close at 87,870 yuan per tonne
Jul. 21, a gain of 3.25%
(SSY) Crude steel output at China Iron and Steel Association member mills
continued to decline in the first 10 days of July, dropping to its lowest
level since early April at 1.705 Mt/day, according to data from the industry
association reported by U-metal. This is down from 1.735 Mt/day in the preceding
ten days and compares with 1.814 Mt/day for the same period in 2014.
Grijalva’s Save Oak Flat Bill Boosted by Historic Preservation Listing
-
more
Chinese Nickel
Imports Jump to 6-Year High as Shortage Looms - China imported the most refined
nickel in six years in a further sign that the world’s biggest consumer
is drawing on global supply. Futures rose 2.4 percent in London. -
more
BMO Sees Long-term
Potential for ‘Strong’ Nickel Price Recovery - BMO Capital Markets
recently released its Q3 2015 Commodity Canvas report, and though it has
revised down its medium-term forecast for nickel, longer term it anticipates
“a strong price recovery if/when the market moves back to ‘risk
on’ mode.” -
more
Steel trading
companies struggle as downturn persists into fourth year - Times used to
be good for China's steel traders. The country's economy was booming. -
more
Zimbabwe
nickel firm lifts output - Zimbabwe's Bindura Nickel Corporation said
on Tuesday it had increased its full-year nickel production by 3 percent
to a record 7 306 tons, while revenue was boosted by higher prices of the
metal. -
more
Courtesy AISI
- In the week ending July 18, 2015, domestic raw steel production was 1,753,000
net tons while the capability utilization rate was 73.3 percent. Production
was 1,914,000 net tons in the week ending July 18, 2014 while the capability
utilization then was 79.6 percent. The current week production represents
a 8.4 percent decrease from the same period in the previous year. Production
for the week ending July 18, 2015 is up 0.7 percent from the previous week
ending July 11, 2015 when production was 1,740,000 net tons and the rate
of capability utilization was 72.8 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)
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 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.20/lb
. Indicators
at 6:30 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 inventories fell on Friday and now total just over
the 453,300 tonne level. Shanghai Metals Market reports nickel ore inventories
at six major Chinese ports grew by 20,000 tonne last week and now total 10.68
million tonnes. The Euro is trading lower against the US Dollar and this
is adding negative pressure on base metals trading.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
The Case for Zinc and Nickel Stocks to Rebound Soon -
more
Shipments Recover
Slightly in June - U.S. shipments of steel products decreased only
moderately in June and aluminum shipments increased. Canadian results recovered
last month, with small increases in both steel and aluminum shipments. -
more
Chief
mate dies as bulker lists while transporting nickel ore - The chief mate
of a bulker has died after it listed while shipping nickel ore from the
Philippines. -
more
One dead, 20 rescued from listing cargo vessel - At least one crew member
was reported dead while 20 others were rescued on Friday, after a Malaysian
cargo vessel experienced severe listing at sea while en route from Loreto
Dinagat, the Philippines to Lianyungang, China. -
more
UK P&I cautions on nickel ore liquefaction - The UK P&I Club
has issued an advisory about the liquefaction risks of nickel ore cargos,
after a bulker belonging to one of its members listed on 15 July. -
more
Global miners face succession crisis as old guard nears retirement - As if
slumping commodity prices and unhappy shareholders were not enough, global
mining companies are also facing a looming succession crisis. -
more
IMOA
demonstrates the far-reaching sustainability benefits of molybdenum - Today,
IMOA has published a new brochure exploring the wide contribution molybdenum
makes to sustainable development. ‘A Sustainable World with
Molybdenum’ showcases examples of how molybdenum’s unique properties
are being harnessed to generate a wide range of sustainable benefits in many
sectors. -
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)
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 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.25/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.04/lb
lower, with other
London traded base metals trading mostly higher, albeit quietly. Stockpiles
of nickel stored in LME approved warehouses rose on Thursday and now total
just over the 454,050 tonne level. Nickel's bounce off its 6 year lows is
showing signs of losing gas, and while we do not believe nickel will fall
into the $4/lb range again, we have been wrong many times before. Have a
safe and relaxing weekend.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(MM) Nickel is in free-fall as shortage expectations faded. The long-term
outlook remains bearish, especially while the rest of base metals keep falling.
Assumptions
On Ore Ban Relaxation In Indonesia Alerts Banks - Speculations on possible
nickel ore ban leeway pull nickel prices down anew, leaving international
creditors anxious over the base metal’s continuously blurring future.
-
more
U.S. approves
continued probe against steel products from China - The U.S. International
Trade Commission (USITC) Thursday approved continued anti-dumping and
countervailing duties investigations against imports of corrosion-resistant
steel products from the Chinese mainland. Similar action was taken against
India, Italy, South Korea and Taiwan. -
more
Vietnam's
only nickel mine hit by $55mln loss after 2 years: report - Vietnam's only
facility for mining and processing nickel has incurred losses of around US$55
million since it started operating in 2013, according to the Ministry of
Finance, which plans to keep the royalty on the mineral unchanged. -
more
Sirius
Resources' flagship Nova project ahead of schedule, set for early production
- Mine development at Sirius Resources' flagship Nova project is racing ahead
of schedule, presenting the nickel hopeful with the opportunity to ramp up
the mine's production to its full capacity 12 months sooner than planned.
-
more
Lake
Johnston startup delayed in anticipation of higher nickel price - ASX-listed
Poseidon Nickel has delayed the formal opening of its Lake Johnston project
in the hopes of a higher nickel price. -
more
Mining
company could lose lease if it fails to finalise Avebury nickel mine sale
- The Tasmanian Opposition is suggesting a mining company should be stripped
of its lease if it fails to finalise the sale of the Avebury nickel mine
soon. -
more
LME may
have to curb price volatility in line with peers - The London Metal Exchange
may have to introduce rules to rein in extreme volatility to conform with
other exchanges and regulatory regimes, industry sources said. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.21/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.04/lb
higher, with other
London traded base metals trading mixed and quietly. Stockpiles of nickel
stored in LME approved warehouses fell on Wednesday and now total over 452,800.
The Euro continues to fall against the US Dollar, and this is putting negative
pressure on commodities, but nickel is positive for the day so far.
Average price of cash nickel so far this month - $5.23/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Nickel market is expected to trade widely for the foreseeable future,
Shanghai Metals Market’s interview finds.
What is in Store for Industrial Metal ETFs After China Rout? - ETF News And
Commentary -
more
(SSY) Chinese crude steel output fell 0.8% year-on-year in June to 69.0 Mt,
according to official data. Nevertheless, steel production for the 1h15 was
still up 1.3% on the same six months in 2014 at 410.0 Mt.
China's
cost-conscious steel mills tempted by lower cost refined nickel - China's
stainless steel mills may use more refined nickel as prices of the steel-making
ingredient fall below the cost of nickel pig iron, but traders play down
the prospect of any spike in refined nickel demand as mills shut for seasonal
maintenance. -
more
Contract
Price of LC FeCr in Jul-Sept US Cents 207 - 209 = Price remains unchanged
from prior period due to demand and Supply being balanced = The price of
low-carbon ferro-chrome for the period during July to September in 2015 Japanese
stainless steel mills negotiated with overseas ferroalloy producers has been
settled at US Cents 207 - 209 per lb. -
more
Prices for
stainless steel products continue to decrease - In June 2015 the price situation
on the domestic market was affected by a significant reduction in business
activity. Solvent demand has decreased, while the volume of supply is still
very high -
more
No joy for
EU steelmakers from rising demand as imports bite - Eurofer - European economic
growth is expected to power a 1.5 percent rise in EU steel demand this year
but local producers will see little benefit due to rising imports, steel
body Eurofer said on Thursday. -
more
Avebury
buyer looms - Another buyer for the Avebury nickel mine has emerged. -
more
Poseidon
shelves plans to restart Lake Johnston nickel mine in WA - Languishing nickel
prices have forced Poseidon Nickel to shelve the restart of its Lake Johnston
mine, west of Norseman in Western Australia. -
more
BCL smelter
shuts down for refurbishment - The delay in the commencement of the shutdown
was necessitated by the outstanding delivery of a vital material required
for the process, especially items for the waste heat boiler that are being
sourced from Europe. -
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)
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 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.26/lb. Indicators at
6:30 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 approved warehouses rose on Tuesday and now total just under the 453,500
tonne level. China reported growth for the second quarter remained at 7%,
taking analysts by surprise. Growth evidence from China is always good for
commodities, and nickel is trading higher on the news. The Euro is lower,
adding negative pressure.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
NFIB - The Index of Small Business Optimism dropped 4.2 points to 94.1 in
June, well below the pre-recession average of 99.5 with nine of the ten
components dropping and one remaining unchanged from May. - more
China growth beats forecasts but stocks dive again -
more
Nickel's fightback begins but obstacles loom - Prospects for tighter nickel
supplies may have put a floor under prices but any real recovery will need
Chinese stainless steel mills to step up their orders and global stockpiles
to fall. -
more
Interview
with Mr. Buffet, Chairman of ERAMET, France in Tokyo - The press interview
with Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET,
France who visited Japan was held at Hotel Okura on July 2. -
more
Russian
export of stainless steel grew up in May, but volumes remain low - According
to experts of the Spetsstal Association, the volume of Russian export of
major products of stainless steel in May 2015 increased by 26.9%, compared
to April, and amounted to 354 tons. -
more
CR Austenitic
Stainless Prices in Asia Inevitable to Dip below $2,000 CFR - As the LME
nickel price dipped below $5 per pound, customers appear to strengthen a
wait-and-see attitude. -
more
Commodity
market rout shows how Chinese growth determines prices - The recent global
rout in commodity markets re-emphasised the relationship between Chinese
growth and commodity prices. -
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)
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 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.22/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.01/lb
lower, but trending
higher, with other London trade base metals trading mostly lower as well.
Stockpiles of nickel stored in LME approved warehouses fell on Monday and
now total just over the 453,000 tonne level. Iran makes a nuclear deal the
day after Greece makes a debt deal. Markets appear to be confused this morning,
as is much of the world.
Average price of cash nickel so far this month - $5.22/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
BNP Paribas lowered its 2015 nickel forecast to $12,875 per tonne on Monday
(TNA) Iran’s Khouzestan Steel Company to hold intl. tender to buy nickel
Industrial
Metals Drop as China Growth May Be Slowest Since ’09 - Nickel led industrial
metals lower before data on Wednesday that may show China’s economy
expanded at the weakest pace since 2009. -
more
China's copper, aluminum consumption expected to peak in 2022-25 - China's
consumption of refined copper and aluminum is expected to peak in 2022-2025
at 13 million-15 million mt/year and 27 million-29 million mt/year, respectively,
and then remain at high levels, the China Mining Association said Tuesday.
-
more
Lockerby
Mine layoffs will continue - Good, solid contract language is helping miners
laid off at First Nickel Inc.'s Lockerby Mine land on their feet, says the
president of Mine Mill Local 598/Unifor. -
more
DNR gives details
on PolyMet review process - The Minnesota Department of Natural Resources
has provided new details on the tasks remaining in the PolyMet
copper/nickel/precious metals Environmental Impact Statement process. -
more
Mindoro
JV Completes One Shipment of Nickel Ore at the Agata Nickel Laterite Project
in June 2015 - Mindoro Resources Ltd., a joint venture company in which
Mindoro holds a 40% direct and beneficial interest and TVI Resource Development,
Inc. holds a 60% interest and is the operator, has completed one shipment
of higher nickel grade saprolite ore during June 2015 for gross proceeds
of US$1.83 million from the Agata nickel laterite project located in northern
Mindanao, the Philippines.
Courtesy AISI
- In the week ending July 11, 2015, domestic raw steel production was 1,740,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,914,000 net tons in the week ending July 11, 2014 while the capability
utilization then was 79.6 percent. The current week production represents
a 9.1 percent decrease from the same period in the previous year. Production
for the week ending July 11, 2015 is up 3.3 percent from the previous week
ending July 4, 2015 when production was 1,684,000 net tons and the rate of
capability utilization was 71.2 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.10/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.15/lb
higher, with other
London traded base metals trading higher as well. Stockpiles of nickel stored
in LME approved warehouses fell on Friday and now total just under the 454,900
tonne level. Shanghai Metals Market is reporting stockpiles of nickel ore
stockpiles at six major Chinese ports fell 420,000 tonnes to 10.66 million
tonnes last week. Markets are all up this morning as traders put withdrawn
money back into the markets. Greece and its creditors have finally came to
an agreement and China markets continue to rebound. Oh yeah, there
are problems and plenty of them. But for today, good news grabs the headlines
and markets are reaping the benefits.
Average price of cash nickel so far this month - $5.23/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SM) The US steel mill shipments increased slightly during the month of May
this year when compared with the month before. However, over the previous
year, the country's steel shipments were down by nearly 15% in May '15.
China sees exports increase 2% in June, imports decline -
more
Slowing China,
supply gluts limit upside for commodities in Q3 - A slowdown in China, a
strong dollar and high inventories will limit the upside for commodity price
performance in coming months, although leading fund managers still see pockets
of value in areas such as refined oil products. -
more
Weak
China economy becomes big drag on base metals counter - Irrespective of their
fundamentals, all the base metals have been trading in the negative territory
in the past couple of months. -
more
Lower
prices cut Nickel Asia's first-half export sales - First-half shipment of
the country’s largest nickel miner rose by a quarter, but weak prices
cut shipment value by a sixth. -
more
Ni SUS Scrap
Purchase Price in July Starts with JPY138,000 - JPY148,000 = Due to cheap
LME nickel price, and purchase price abroad also is down = The price for
July purchase of nickel-containing stainless steel scrap (SABOT) by stainless
steel mills in the Kanto area starts with JPY138,000 - JPY148,000 per ton
(delivered at factory) which is down by JPY5,000 - JPY10,000 from June purchase
price. -
more
Rocky
road for nickel miner Western Areas - Nickel producer Western Areas was by
far the most volatile S&P/ASX 200 commodities stock last week with a
sharp drop in the nickel price between Monday and Thursday to below $11,000
per tonne levels prompting a substantial sell-off. -
more
Piketon Cleanup
and Contaminated Remains of Huntington Plant - A remedial plan for
decontamination and decommissioning of the Portsmouth Gaseous Diffusion Plant,
includes potential unearthing and reburial of the contaminated Huntington
Pilot Plant (Reduction Pilot Plant a.k.a. Nickel Powder Processing Plant)
that arrived by truck from the INCO facility in Huntington, WV and in 1978-1979
was buried in a classified landfill on the PGDP property. -
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)
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 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.21/lb
. Indicators
at 6:30 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 fell on Thursday and now total just under
the 456,400 tonne level. With China stocks on their second day of a record
rebound, and world equity markets falling all over themselves trying to buy
on hopes the Greece crisis will soon be over, it is somewhat confusing why
base metals are not benefitting by this sudden euphoria. Nickel saw a good
bounce yesterday, but is far from recovering early week losses, and is trading
lower today. Are traders actually looking at fundamentals, which remain weak?
We will see. Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $5.24/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SSY) Daily crude steel output at China Iron and Steel Association (CISA)
member mills fell to 1.74 Mt in the period 21-30 June, according to data
from the industry association reported by U-metal. This is down from 1.76
Mt/day in the preceding ten days and compares with a year-ago level of 1.78
Mt/day.
(MF) Taiwan's Yusco, Tang Eng see demands picking up
IMF lowers world growth forecasts, points to US weakness -
more
Lockerby
Mine idles 26 employees - The Sudbury StarFirst Nickel Inc. is moving ahead
with plans to stop production at Lockerby Mine in the next few months by
issuing layoff notices to 26 unionized production and maintenance workers.
-
more
San
Miguel plants to cost it $2B - The San Miguel Group is investing over $2
billion to build a nickel processing plant and two cement factories as the
conglomerate diversifies further into new growth areas. -
more
Stainless steel surface brief introduction - Stainless steel has its unique
strength and high wear resistance and excellent anti-corrosion performance
and other excellent characteristics, it’s not easy to rust, stainless
steel widely used in chemical industry, food machinery, mechanical and electrical
industry, household electrical appliances industry etc. -
more
Government
to pass mining, petroleum bills in October - Madagascar's parliament in May
impeached the president, a move later overturned by the constitutional court,
and nearly toppled the government in a censure vote earlier this month,
ratcheting up tensions on the coup-prone nation. -
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)
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 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.96/lb
. Indicators
at 6:30 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 on Wednesday and now totals just under te
457,250 tonne level. China markets made a big jump today, and base metals
are playing 'follow the leader'. Volatility is way up, so don't get comfortable
with the thought the worst is over. Nickel appears to have set a pretty good
line of support the last few days, but technical signals have been wrong
lately, so we wouldn't recommend betting the bank on it. That said, it appears
we might have seen a bottom to the bearish slide that started a year ago.
Stay tuned.
Average price of cash nickel so far this month - $5.26/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Could Nickel
Really Fall Below $10,000 A Metric Ton? - Nickel on the London Metal Exchange
fell to a fresh low this week, trading as low as $10,440 per metric ton on
Tuesday. -
more
Interview
with Mr. Buffet, Chairman of ERAMET, France in Tokyo = Capital expenditure
in 2015 is anticipated to be far below 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 2, and announced the Company's activity in 2014 and the outlook for
its future transaction as follows. -
more
Top
Frontier plans $1.5 billion nickel plant in Philippines - Top Frontier Investment
Holdings Inc is looking to build a $1.5 billion nickel processing plant in
the southern Philippines. -
more
Top Chinese
steelmakers’ core business losses double - Large Chinese steelmakers’
losses in core business more than doubled during the first five months from
a year earlier as tumbling steel prices plunged producers into red, a top
official of the China Iron & Steel Association (CISA) said on Thursday.
-
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.91/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.03/lb
higher, with other
London traded base metals trading mostly lower. Stockpiles of nickel stored
in LME approved warehouses rose on Tuesday and now total just under the 456,750
tonne level. $4.73/lb was the bottom for yesterday's freefall, and it was
tested and held early in today's session. We had $10,400 tonne showing as
major support and so far it is holding. This Marketwatch article title speaks
volumes - "Forget Greece, China is cause to freak out". Commodity traders
have been taking note based on the movement in the price of base metals the
last few days, but so far, equity traders seem to be paying far more attention
to Greece than what would be the lead economic story any other time.
Average price of cash nickel so far this month - $5.33/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
Tropical cyclone activity may boost El Niño -
more
The Mining
Supercycle’s Long Goodbye - On the way up, the catchphrase of the
commodities supercycle was “stronger for longer.” Now, its demise
feels just as enduring. -
more
China’s
equity rout sparks metal meltdown - High quality global journalism requires
investment. - The $3tn rout of Chinese equities has spilled over into
commodities, pushing nickel, zinc and iron ore into bear market territory
and sending copper to its lowest level since the financial crisis. -
more
Commodity
carnage: broad sell-off in metals and energy commodities charts - Three key
commodities for Australia hit six-year lows on Tuesday night as commodity
prices enter bear market territory and edge towards collapse in increasingly
volatile markets. -
more
SHFE Nickel
is Shut at Daily Downward Limit Price for All Day – SHFE 1509 nickel
opened at RMB 82,400/mt during Tuesday evening session and them dropped to
daily limit, to finish at RMB 81,630/mt. -
more
Only
half of nickel smelters to be built in Indonesia this yr-industry -
Nickel producers in Indonesia may only build half of the 12 new smelters
anticipated this year and some may not commence production immediately due
to low global prices, a senior industry official said. -
more
Platts China
Steel Sentiment Index for July Fell on Weak Price Outlook - The outlook for
steel prices in China slumped to a six-month low, while expectations for
domestic orders during July also deteriorated, according to the latest Platts
China Steel Sentiment Index (Platts CSSI) for July, which showed a headline
reading of 26.5 out of a possible 100 points. -
more
Victory
Nickel blames falling oil prices for missing interest payments - Victory
Nickel Inc., which missed quarterly interest payments on its 14.8% senior
secured notes and its unsecured convertible promissory notes on June 30,
is now working with City Hall Capital LLC on what to do next, according to
a spokesman for the Canadian nickel and frac sand mining company. -
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)
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 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.29/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.16/lb
lower, with other
London traded base metals trading mostly lower as well. Stockpiles of nickel
stored in LME approved warehouses fell for a third consecutive session and
now total just over the 455,500 tonne level. The Euro continues to take a
beating against the US Dollar, and this is putting all sorts of negative
pressure on commodities. Nickel is getting hit especially hard, with technical
support levels failing on a near daily basis. Hard to say where this will
end, because the fall has been so dramatic.
Average price of cash nickel so far this month - $5.40/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SMM) Some Philippine suppliers of medium and high-grade nickel ore plan
to stop selling goods due to sluggish prices, Shanghai Metals Market learns.
Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout -
more
Goldman Sachs
prefers 'disappointing' nickel as rebound expected - Goldman Sachs Group
sees nickel rising by the end of the year. Just not as high as the bank
originally thought. -
more
CR Stainless
Sheet Export to EU Ups at Double Rate from Last Year Japan's export quantity
of cold-rolled (CR) stainless steel sheets to the EU is in an upward trend.
-
more
LME Ni
Average Price in June Down by 5% from Prior Month = It drops sharply at end
of month due to Greek matter, and inventory exceeds 470,000 tons at beginning
of month = LME monthly average price in June 2015 was <> Cash seller:
US$12,779.77 per ton (US$5.797 per lb) and <> 3-month seller: US$12,817.05
per ton (US$5.814 per lb). -
more
US stainless
steel market roundup from MEPS - Market activity levels for hot rolled coil
and plate have decreased, in the United States, according to MEPS. -
more
Finnish
Government To Invest $233M In Restructuring Debt-Laden Nickel Mine - In November
2014, Finnish nickel company Talvivaara announced that the corporation’s
major asset owner was thinking of drafting a bankruptcy protection as debts
continued to soar after several financing failures. -
more
(Courtesy AISI)
In the week ending July 4, 2015, domestic raw steel production was 1,684,000
net tons while the capability utilization rate was 71.2 percent. Production
was 1,900,000 net tons in the week ending July 4, 2014 while the capability
utilization then was 79.0 percent. The current week production represents
a 11.4 percent decrease from the same period in the previous year. Production
for the week ending July 4, 2015 is down 2.8 percent from the previous week
ending June 27, 2015 when production was 1,733,000 net tons and the rate
of capability utilization was 73.3 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)
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 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.41/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.15/lb
lower, with other
London traded base metals trading mostly lower. Stockpiles of nickel stored
in LME approved warehouses continue to slump and now total over the 456,400
tonne level. Shanghai Metals Market reports nickel ore inventories at six
major Chinese ports fell 620,000 tonnes to 11.08 million tonnes last week.
These are stockpiles that SMM also forecasted would be gone by last April.
It's all about the Greece this morning, after its citizens overwhelming refused
creditor demands. Markets are very nervous today, but so for, operating without
panic. The Euro is down over 1% against the US Dollar, and this is adding
negative pressure to commodities. Volatility could rule the week, and any
agreement in Greece, could see nickel snap back sharply. Stay tuned.
Average price of cash nickel so far this month -
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(SSY) According to data from the China Federation of Logistics & Purchasing,
China's steel sector Purchasing Managers Index (PMI) fell 5 points month-on-month
in June to a six and a half year low of 37.4, SteelFirst reports.
(CF) China’s Ministry of Commerce (MOC) announced on Jun. 29 it decided
to launch antidumping duty review investigation on carbon steel fasteners
imported from the European Union.
Market Trend
of Import of Ferroalloy as of 30 June 2015 = Mo price continues declining,
and EMM price also drops again =The market trend of import of ferroalloy
as of 30 June 2015 is as follows. -
more
Rebound Of
Industrial Metals Expected To Last Through Second Half Of 2015 - The past
few days saw the Greek debt crisis hound the prices of commodities as investors
erred on the safe side and waited for the next chapter to unfold. -
more
LME turns
the regulatory screw on its warehousers: Andy Home - Whisper it softly, but
the end of the load-out queues that have plagued the London Metal Exchange
(LME) warehousing system for so long may finally be in sight. -
more
Metals
investors look for miners to cut supplies to lift prices - Investors
in industrial metals will keep a close watch on miners' results in coming
weeks for possible announcements of production cutbacks that could bolster
weak prices. -
more
Russia’s
economic prosperity directly depends on entrepreneurs — Norilsk Nickel
CEO - In March 2015, CEO and one of the owners of Norilsk Nickel, the president
of the Interros holding Vladimir Potanin, topped the Forbes rating of the
richest Russians -
more
China's crude
steel output down 1.7% in May to 69.95 mln tons - China, the world's largest
steel producer, saw its crude steel output decrease 1.7% year on year to
69.95 million tons in May this year, according to the latest statistics released
by the National Development and Reform Commission. -
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)
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 2
Most
US business' are closed Friday for Independence Day. We started the holiday
a day earlier and our next full daily update will be Monday July 6th.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.44/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.08/lb
higher, with other
London traded base metals trading mostly higher as well. Stockpiles of nickel
stored in LME approved warehouses rose slightly on Wednesday and now total
just over the 457,300 tonne level. The $12,000 tonne level was giving the
market some resistance the last few days, but seems to be acting as support
today. If Greece wasn't what everyone was taking about, the huge correction
in th Chinese stock market would be the buzz. Happy Independence Day America
and a super and safe weekend to all.
Average price of cash nickel so far this month - $5.40/lb
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
China manufacturing PMI unchanged at 50.2 in June -
more
Wednesday, July 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.46/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.02/lb
higher, with other
London trade base metals trading higher as well, albeit quietly. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just over the 457,100 tonne level. After momentarily dipping below $4.90/lb,
cash nickel bounced sharply yesterday, with plenty of room left to recovery
the earlier weeks steep loss. Some of the initial panic about Greece defaulting
has diminished, with traders more confident something will be worked out
to keep Greece in the Euro, and if not, the world may not fall apart after
all.
Average price of cash nickel so far this month - N/A
Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb /
avg 2012 - $7.95/lb /
(USGS) Metal Prices in the United States Through 2010 -
pdf
here
(PM) Russia's Norilsk nickel is 1st foreign company among global nickel producers
to register nickel for delivery on Shanghai Futures Exchange.
China Fastener Exports & Imports during Jan.-Apr. -
more
London
nickel steadies, copper flat after China PMI - London copper held its ground
on Wednesday after China's June factory growth came in a tad slower than
expected but suggested the economy was stabilising, while nickel steadied
as the dust settled a day after it slid to six-year lows. -
more
(Press Release)
For the month of July 2015, North American Stainless will decrease the fuel
surcharge to 22% for stainless flat and long products. The surcharge rate
is considered a maximum level for July and will be reviewed monthly.
Prices of
CR Austenitic Stainless Sheets in Asia Head for Double Dip - In the Chinese
Wuxi market, cold-rolled (CR) austenitic stainless steel sheets got the price
of 14,000 CNY per ton this week. -
more
Weak
market fundamentals keep stainless steel prices in check – MEPS - Stainless
steel market activity remains subdued, around the world. Prices are quite
stable. -
more
Avebury
Nickel Mine sale falls through as buyer misses deadline - The sale of the
Avebury nickel mine on Tasmania's west coast has fallen through, potentially
dashing the prospect of hundreds of new jobs. -
more
Grand
theft at the top turning Zim into a ‘tsotsiocracy’ - Between 2007
and 2008, a mining house — Mwana Africa — sourced $8 million for
its Zimbabwean mining operation, Bindura Nickel Corporation (BNC). -
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)
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
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays -
DisclaimerOriginal 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.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 6:20 am CST today show 3 month nickel trading around $.04/lb
Reports
Commodity/Economic Comments
Philippines
to mine nickel until year end with help from El Nino - Philippine nickel
miners, hit by a slump in prices, may have found an unexpected ally in the
El Nino. -
Russia’s
Norilsk Nickel says Q2 nickel output at 64,000 tonnes - Russia's Norilsk
Nickel , one of the world's largest nickel and palladium producers, said
on Friday its second-quarter nickel output was at around 64,000 tonnes and
its palladium production at 726,000 troy ounces. -
Vale Workers
Accuse Company of Ignoring Safety - Some workers at the Vale site in Long
Harbour say their workplace safety concerns are being ignored. -
Morning Nickel
Price Statistics & Figures
We
will be traveling the rest of this week and not sure about internet access.
Our next update may not be until next Monday. We apologize for any inconvenience.
. Indicators at
6:15 am CST today show 3 month nickel trading around $.06/lb
Australia's
Mincor slashes nickel output amid prices near 6-yr lows - Australian nickel
miner Mincor Resources said on Wednesday it will reduce production by up
to 56 percent over the six months to end-December due to persistent low nickel
prices that have left its operating levels unsustainable. -
Canadian miner
Sherritt posts wider loss as nickel prices drop - Canadian miner Sherritt
International Corp reported a bigger loss for the second quarter, hurt by
lower nickel prices. -
Courtesy AISI
- In the week ending July 25, 2015, domestic raw steel production was 1,740,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,914,000 net tons in the week ending July 25, 2014 while the capability
utilization then was 79.6 percent. The current week production represents
a 9.1 percent decrease from the same period in the previous year. Production
for the week ending July 25, 2015 is down 0.7 percent from the previous week
ending July 18, 2015 when production was 1,753,000 net tons and the rate
of capability utilization was 73.3 percent.
Nickel
imports in China nab a massive increase - China’s imports of refined
nickel increased by a staggering 250% in June to 38,545 mt compared to 11,014
mt in June 2014. -
Chinese steel juggernaut slows but not fast enough: Andy Home - Chinese steel
output fell by 1.3 percent in the first half of the year. This is self-evidently
not good news for the iron ore market, given China is the single biggest
buyer of seaborne ore. -
Unpacking
the secrets of South Africa’s dolerite sills - The exploitation of mineral
deposits always creates debates around economic necessity versus environmental
preservation. -
The nickel
price can only go up - It's a strange time to be in mining. Irrational exuberance
has been replaced by irrational despondency. -
Botswana
Metals starts exploration for nickel sulphides - Botswana Metals recently
raised funds and is now ready to explore its wholly-owned prospecting licence
PL 59/2008 in Botswana. -
Nickel
Magazine - Current Issue Volume 30-2: 30th anniversary issue -
Vale’s
nickel IPO chances fade as production disappoints again - Vale missed production
estimates for nickel for a second consecutive quarter, coming as a plunge
in metal prices makes the company’s plan to sell as much as 30% of the
nickel unit in an IPO less likely. -
Nickel imports
in China nab a massive increase - China’s imports of refined nickel
increased by a staggering 250% in June to 38,545 mt compared to 11,014 mt
in June 2014. -
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.03/lb
Mwana
Africa's nickel arm hits production record - The Trojan mine produced 7,306
tonnes (7,129) in the year to March generating US$78.9mln in revenues. -
Assumptions
On Ore Ban Relaxation In Indonesia Alerts Banks - Speculations on possible
nickel ore ban leeway pull nickel prices down anew, leaving international
creditors anxious over the base metal’s continuously blurring future.
-
Vietnam's
only nickel mine hit by $55mln loss after 2 years: report - Vietnam's only
facility for mining and processing nickel has incurred losses of around US$55
million since it started operating in 2013, according to the Ministry of
Finance, which plans to keep the royalty on the mineral unchanged. -
Contract
Price of LC FeCr in Jul-Sept US Cents 207 - 209 = Price remains unchanged
from prior period due to demand and Supply being balanced = The price of
low-carbon ferro-chrome for the period during July to September in 2015 Japanese
stainless steel mills negotiated with overseas ferroalloy producers has been
settled at US Cents 207 - 209 per lb. -
No joy for
EU steelmakers from rising demand as imports bite - Eurofer - European economic
growth is expected to power a 1.5 percent rise in EU steel demand this year
but local producers will see little benefit due to rising imports, steel
body Eurofer said on Thursday. -
Interview
with Mr. Buffet, Chairman of ERAMET, France in Tokyo - The press interview
with Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET,
France who visited Japan was held at Hotel Okura on July 2. -
Government
to pass mining, petroleum bills in October - Madagascar's parliament in May
impeached the president, a move later overturned by the constitutional court,
and nearly toppled the government in a censure vote earlier this month,
ratcheting up tensions on the coup-prone nation. -
Interview
with Mr. Buffet, Chairman of ERAMET, France in Tokyo = Capital expenditure
in 2015 is anticipated to be far below 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 2, and announced the Company's activity in 2014 and the outlook for
its future transaction as follows. -
Finnish
Government To Invest $233M In Restructuring Debt-Laden Nickel Mine - In November
2014, Finnish nickel company Talvivaara announced that the corporation’s
major asset owner was thinking of drafting a bankruptcy protection as debts
continued to soar after several financing failures. -
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.08/lb
