This page is archived news covering the period of July 2016
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

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

Wednesday, July 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.69/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just over the 374,650 tonne level. We will be traveling the rest of this week, so our next update will be Monday, August 1st. Enjoy the rest of July.
  • Average price of cash nickel so far this month - $4.64/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper drops as China shares sour; Fed outcome awaited - more
  • Bloomberg - Nickel Leads Metals Lower on Demand Concerns as Oil Retreats - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Abe Plans Stimulus Package of More Than 28 Trillion Yen - more

    Nickel price surge opens the door for Independence Group raising - Nickel miner Independence Group has been quick to take advantage of the surge in its share price following the metal's recent rise in value by launching a large placement while also turning to shareholders for funds. - more

    Gov't suspends 2 more mining firms in Palawan - The environment department suspended two more mining companies as its ongoing audit neared the one-month mark. - more

  • Philippines will not allow Tampakan mine to operate as open-pit -minister - more
  • Moratorium on nickel mining to continue - more

    Nickel miner Sherritt sees lenders deferring Madagascar repayments - July 26 (Reuters) - Canadian miner Sherritt International Corp is confident it and its partners in a large Madagascar nickel mine will reach agreement soon with lenders to defer repaying project loans for several years, Sherritt's chief executive said on Tuesday. - 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 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.75/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.10/lb lower. Stockpiles of nickel stored in LME approved warehouses rose only slightly on Monday and still stand just over the 373,600 tonne level. The US Federal Reserve and Bank of Japan will hold meetings this week, and traders are suddenly a little more risk wary than they have been recently. No one really expects the Fed to raise rates, as a move in either direction could damage the stock market. Nothing has changed in the Philippines, so the main fundamental reason nickel prices have risen, remains in place.
  • Average price of cash nickel so far this month - $4.63/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper near one-week low as Fed meet saps risk appetite - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Zambales gov belies Chinese presence - more
  • European Stocks Fall as Yen Gains With Bonds Before Banks Meet - more

    The three bull standouts in China's first-half metals trade: Andy Home - China's imports of base metals were once the bullish drumbeat to which the global market marched. - more

    Export Negotiations on Ferritic Stainless Sheets Go into Full Swing = For September shipment Negotiations on ferritic stainless steel sheets for Asia by the Japanese mills have gone into full swing for September shipment. - more

    Vale's Nickel Production on Target Despite H1 Drop - Jakarta. Vale Indonesia, one of the country's largest nickel miners, saw its production decline slightly in the first six months of this year compared to the same period a year ago after taking the time amid weak commodity demand to carry out maintenance of its facilities. - more

    Major mining assets change hands after commodity rout - Large mining companies are selling off prized assets after the prolonged global commodities markets rout left some with high levels of debt. - more

    Courtesy AISI - In the week ending July 23, 2016, domestic raw steel production was 1,703,000 net tons while the capability utilization rate was 72.8 percent. Production was 1,750,000 net tons in the week ending July 23, 2015 while the capability utilization then was 73.2 percent. The current week production represents a 2.7 percent decrease from the same period in the previous year. Production for the week ending July 23, 2016 is down 2.5 percent from the previous week ending July 16, 2016 when production was 1,746,000 net tons and the rate of capability utilization was 74.7 percent. - source

  Morning Nickel Price Statistics & Figures

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

Monday, July 25

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.73/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Friday and starts the week just over the 373,600 tonne level. The news has been and remains, the crackdown on nickel ore mines in the Philippines. China has been successful in beating the higher cost of nickel by importing low grade nickel ore and paying the higher processing cost to extract the nickel. Two years ago their largest source for this ore dried up when Indonesia banned the export of raw ore. China in turn, turned to the Philippines for the ore. Now a newly elected government, has gone after mining in that country. After four nickel mine closures, the uncertainty of future shipments has driven the price of nickel to near one year highs. And that uncertainty continues, so don't expect the volatility to end anytime soon.  
  • Average price of cash nickel so far this month - $4.63/lb  
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper inches up, prospect of more supply caps gains - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Climb on German Confidence as Gold, Bonds Fall - more

    Philippines driving up nickel prices: industry group - Concern over the new Philippine government's mining policies is helping drive global nickel prices to nearly one-year highs, the local industry association said Friday. - more

    Hinatuan nickel mine closure voluntary - The move to halt the mining operations of Hinatuan Mining Corp., a subsidiary of Nickel Asia Corp., (NAC) was “voluntary” and not due to any suspension order by the Department of Environment and Natural Resources (DENR), Secretary Regina Lopez said. - more

  • Philippines' House Speaker wants Congress to license new miners - more

    Market Trend of Import of Ferroalloy as of 15 July 2016 = Anxiety about FeSi supply comes up to surface, and molybdenum price continues declining = The market trend of import of ferroalloy as of 15 July 2016 is as follows. - more

    China Steel Pours Out Faster Than Ever - Record daily production in June fueled an export boom, even as other countries threw up barriers - 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 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.80/lb . Indicators at 5:50 am CST today show 3 month nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under the 375,550 tonne level. Platts China Steel Index has moved higher, nickel prices are trading higher which means the cost of stainless is or will be moving higher. The hibernation in the market appears to have come to an end, with words like volatility becoming part of teh market vocabulary once again. This is our last update for the week so we wish you all a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.60/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper near one-week high as dollar eases, China imports solid - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (MB) Myanmar lifted its ban on ferro-nickel exports to China on Wednesday July 13
  • (Twitter) China June refined nickel imports down 4.21% y/y at 37,127 tonnes
  • Yen Climbs on Kuroda as European Stocks Fall From Four-Week High - more

    S&P Global Platts China Steel Sentiment Index rebounded in July - Sentiment in China's steel market rebounded strongly in July, with most market participants expecting steel prices to rise over the next month, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI) for July, which showed a headline reading of 53.71 out of a possible 100 points. - more

    Nickel Prices Off The Bottom - Nickel prices have broken through US$10,000/t, and a new monthly report by SNL Metals & Mining, a group within S&P Global Market Intelligence, is positive on the metal's prospects over the next 18 months. - more

    Glencore impeded probe, ministry alleges - Representatives for Glencore Canada Corporation are scheduled to appear in court Aug. 27 on two charges in connection with the investigation into the death of a Sudbury miner. - more

    Lopez halts shipments from Nickel Asia’s Samar mine - Environment Secretary Regina Paz L. Lopez ordered Nickel Asia Corp.’s (NAC) subsidiary, the Hinatuan Mining Corp., to halt the transport of ore from its site in Eastern Samar to curb the hazards posed by excessive soil extraction. - more

  • Lopez stops Nickel Asia shipment from E. Samar  - more
  • DENR stops mine waste haul in Samar - more

    Clive Palmer must spend $100m on repairs to get refinery licence - Clive Palmer will need to find at least $100 million in maintenance money to repair his mouldering Townsville nickel refinery in order to snag a crucial government licence. - more

    Ely residents sharply divided over mining near BWCA - Wednesday is the last day for the public to comment on whether two controversial mining leases near the Boundary Waters should be renewed. - 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 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.79/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just over the 377,200 tonne level. The increase in nickel has stalled for the last week, with $4.81/lb throwing up a line of resistance. The Philippine Environment and Natural Resources Secretary Regina Lopez as shut down another nickel mine in her country, making it the fourth we predicted. These are the same four mines that were targeted by prior and much friendlier political administrations. Australian media is starting to play the China Sea strife between China and the Philippines as another reason Lopez is shutting down mines. We doubt that is the motivation for the closings, but the Philippine administration might look at it as a side benefit, and could potentially delay any re-opening.
  • Average price of cash nickel so far this month - $4.59/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper, nickel slip as strong dollar sparks profit-taking - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Get a Lift From Earnings as Dollar Climbs; Gold Retreats - more

    Philippine minister asks Nickel Asia to halt Manicani ore exports to China - The Philippine mining minister said on Wednesday she has asked Nickel Asia Corp to stop shipping nickel ore to China, citing environmental concerns at the company's mine on an island along the country's eastern central edge. - more

  • Philippines flips the pig nickel finger at China - more

    Palmer in charge of QLD Nickel safety - Clive Palmer must take charge of safety at Queensland Nickel otherwise the state government will make him. - 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 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.78/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just under the 377,750 tonne level. Nickel has held above a resistance level of $4.70/lb on two consecutive days, which has sent another bullish signal to traders. We show the next level of resistance at $4.86/lb. The trading price of nickel is now higher by nearly 20% YTD and up 13.9% in the last month. You can thank new Philippine Environment Secretary Gina Lopez, who has expressed her dislike for mining and now has the authority to make life difficult for miners in that country. Right now, she is shutting down mines on a weekly basis and it remains to be seen, if this is a move to force change in environmental safety - or a personal mission to permanently harm the industry.
  • Average price of cash nickel so far this month - $4.57/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London nickel near 10 month highs on Philippine supply concerns - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • ENSO neutral, negative Indian Ocean Dipole strengthens - more
  • Morgan Stanley Says Year of the Bull Will Push U.S. Yield to 1% - more

    Japan to Aim for $2,000 CFR of CR austenitic Stainless Sheets for Asia = For September shipment The Japanese mills of austenitic stainless steel sheets are in a direction to offer markups by $150 or so from the current ones in negotiations on cold-rolled (CR) austenitic stainless steel sheets being soon commenced for Asia for September shipment. If such markups are accepted, their prices come close to $2,000 CFR. - more

    Interview with ERAMET Chairman Patrick Buffet in Japan = Cost retrenchment in nickel business and growth in special steel and ferroalloy divisions are expected = Chairman & CEO Patrick Buffet of ERAMET Group, France who visited Japan had a press interview at Hotel Okura situated in Minato-Ku, Tokyo on July 7, and made a statement about its business activity in 2015 and the outlook for the future business. - more

    Courtesy AISI - In the week ending July 16, 2016, domestic raw steel production was 1,746,000 net tons while the capability utilization rate was 74.7 percent. Production was 1,750,000 net tons in the week ending July 16, 2015 while the capability utilization then was 73.2 percent. The current week production represents a 0.2 percent decrease from the same period in the previous year. Production for the week ending July 16, 2016 is up 2.0 percent from the previous week ending July 9, 2016 when production was 1,712,000 net tons and the rate of capability utilization was 73.2 percent. - source

  Morning Nickel Price Statistics & Figures

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

Monday, July 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.66/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Friday and now total just under the 377,000 tonne level. News from the Philippines has another nickel mine closing due to environmental concerns. The new government has shut down three nickel mines in the past week and based on past government shut downs, we wouldn't be surprised to see at least one more mine shut down. A pig nickel producer in China has reportedly been shut down due to pollution concerns there. A reduction in dependence on pig nickel, could force Chinese stainless steel producers to buy more refined nickel, which in turn would help accelerate a downturn in current stockpile totals. This could add support to the bullish run nickel is in.   
  • Average price of cash nickel so far this month - $4.56/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips for 2nd day on dollar, market eyes stimulus - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • S&P 500 Futures Rise as Turkish Lira Rebounds After Failed Coup - more

    Global nickel market deficit widens to over 11,000 T in May -INSG -  The global nickel market deficit widened to 11,200 tonnes in May, as low prices weighed on refined output from top producer China while demand slowly improved, data from the International Nickel Study Group showed on Friday. - more

    Nickel rally to lose strength by year-end; aluminium settles into lower-for-longer pattern - New forecasts predict nickel prices will rise in the short term, however, the rally will taper off by year-end, as heightened Chinese refined nickel imports and ore supply disruptions from the Philippines buoy prices. - more

    Philippines says it suspends a nickel miner in Palawan - The Philippines has suspended a third nickel mine in less than two weeks and again warned miners not to violate environmental laws, the cabinet secretary overseeing mining told a radio station. - more

  • Philippines Shuts More Nickel Mines on Environment Crackdown - more

    Japanese Mills to Raise Prices of HR Ferritic Stainless Sheets by $70-80 - The Japanese mills of ferritic stainless steel sheets are in a stance to raise their prices by $70-80 from current prices in negotiations on hot-rolled (HR) ferritic stainless steel coils for Asia for September shipment, which will be commenced soon. - more

    Japan's Purchase Price of HC FeCr for Jul-Sept Up by US Cents 16 = US Cents 106 per lb due to decreased supply from South Africa = Japanese stainless steel mills have continued negotiation with several foreign ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from July to September in 2016, and have recently come to an agreement on the price to be up by US Cents 16 from the prior period. - more

    WA nickel miners may gain from China stand-off  - WA nickel miners may be the unintended beneficiaries of rising tensions between China and the Philippines after an international disputes court in the Netherlands this week found China’s territorial claims in the South China Sea were over-egged. - more

    Deadline set for Clive Palmer's nickel refinery - Time is counting down for Clive Palmer to take charge of safety at his Townsville nickel refinery. - 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 13

   We are traveling on business the rest of this week so our next update will be Monday. Have a safe and relaxing weekend.

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

  • Three month nickel closed Tuesday's trading session at $4.76/lb . Indicators at 5:45 am CST today show 3 month nickel trading around $.07/lb higher. Stockpiles of nickel stored in LME approved warehouses rose again on Tuesday and now total just over the 378,400 tonne level. Nickel's bull run continues and while the economic news from China is worsening, those who are eager to keep the metals run going, are quick to forecast stimulus on the horizon. S&P Global Platts announced their China steel sentimewnt index fell to a 16 month low in June. Nickel stockpile numbers have grown six of the nine sessions this month, although this may just be a suspension in buying while stainless steel producers wait out the bullish run and see if it has any staying power. Nickel closed at $4.03/lb one month ago today, and at $5.20/lb one year ago.  
  • Average price of cash nickel so far this month - $4.51/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper breaks above $5,000/T as risk appetite returns - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Rally With Copper Showing Brexit Systemic Risks Contained - more

    Nickel Leads Metals Rally as Goldman Sees Gains on Supply Issues - Nickel rallied to an eight-month high amid expectations for supply cuts in the Philippines, the top miner, and as the outlook for more economic stimulus buoyed metals. - more

    Nickel shortage expected this year - Nickel, a metal used in stainless steel, is forecast to be in short supply in 2016 for the first time in six years due to a combination of slow production growth worldwide and robust demand from the construction and automobile industries. - more

    ‘Next bull run is coming, but not yet’ - The supply picture has materially improved following a lack of investment in new capacity in most commodities and the emergence of potential supply shocks, according to a note by brokerage, Jefferies. - more

    All change in the world of industrial metals trading? Andy Home - China has loomed large over the world of industrial raw materials for many years. - more

    Lundin Mining to increase mine life of Eagle mine to 2020, following assessment - Lundin Mining, the Canadian based metals mining company, has announced that it will increase the mine life of its Eagle mine in northern Michigan to 2020, following the results of a Preliminary Economic Assessment (PEA). - more

     China June exports and imports both fall, trade outlook dim - China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets. - more

  • Global steel index shows Chinese sentiment has hit 16-month lows - 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 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.56/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.15/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just over the 3788,100 tonne level. Nickel continues to climb and we are in one of those bullish stampedes that make little sense and so trying to describe what is happening is a waste of time. The market is wound up after being dormant so long and the enthusiasm this bullish run is being met with - speaks for itself. This isn't Pamploma, so unless you want to get hurt, don't try to run with the bulls and start protecting yourself. Goldman is predicting nickel could increase by another $1/lb in the next six months so some believe this bull has plenty of room yet to run.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel advances for third day as Philippine supply threat simmers - more

  Reports

  • Imagine The World of Nickel - video
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Advance on Stimulus Bets as Investors Bail on Bonds, Yen - more

    Nickel leads metals higher as Goldman sees $12 000 in six months - Nickel led metals higher, rising for a third day, as Goldman Sachs Group predicted a surge in prices over six months driven by probable supply cuts in the Philippines, the biggest ore producer. - more

    Gina Lopez: Philippine Mining Act an 'unfair' law - 'We have to change that,' the environment secretary says of the Mining Act of 1995. She says the law is 'skewed towards the mining sector, and not towards our people.'  - more

    Japan's Purchase Price of HC FeCr for Jul-Sept Up by US Cents 16 = US Cents 106 per lb due to decreased supply from South Africa = Japanese stainless steel mills have continued negotiation with several foreign ferro-chrome producers to fix the purchase price of high-carbon ferro-chrome for the period from July to September in 2016, and have recently come to an agreement on the price to be up by US Cents 16 from the prior period. - more

    Eramet's nickel business SLN agrees to 200 mln euro state loan - Mining group Eramet said that the board of its nickel subsidiary SLN in New Caledonia has approved a 200 million euro ($222.28 million) loan from the French government, aimed at helping the loss-making business survive a severe market downturn. - more

    Long wait for better nickel returns - Production at the historic Long nickel mine near Kambalda is at its lowest level in six years, as diversified miner Independence Group awaits a recovery in prices for the stainless steel ingredient. - more

    PolyMet files first major mine permit applications - PolyMet Mining has submitted its first three major state permit applications, which it's calling "another important milestone" in its bid to open the first ever copper-nickel mine in Minnesota. - more

    Courtesy AISI - In the week ending July 9, 2016, domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 73.2 percent. Production was 1,750,000 net tons in the week ending July 9, 2015 while the capability utilization then was 73.2 percent. The current week production represents a 2.2 percent decrease from the same period in the previous year. Production for the week ending July 9, 2016 is down 1.4 percent from the previous week ending July 2, 2016 when production was 1,737,000 net tons and the rate of capability utilization was 74.3 percent. - source

  Morning Nickel Price Statistics & Figures

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

Monday, July 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.49/lb . Indicators at 5:50 am CST today show 3 month nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME approved warehouses rose for the fourth session this month and start the week just under the 377,750 tonne level. Volatility in nickel trading continues as traders watch the Philippine's new government animosity toward mining develop and world economies slow to a point where more government stimulus is probable. Money remains cheap and Brexit has given the Fed an excuse to keep it that way. Nickel has traded within a $1000/tonne range so far this month and a typical day has seen trading within a $400 tonne range. Volatility rules.
  • Average price of cash nickel so far this month - $4.47/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London nickel hits over $10,000, copper climbs with risk appetite - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Stocks Rise With Copper as Japan Stimulus Bets Weaken Yen - more
  • Copper Leads Metals Higher on Japanese Stimulus, U.S. Jobs Data - more

     Zambales Gov suspends mining - Zambales: Newly installed Gov. Amor Deloso on Thursday issued a mining moratorium in the entire province, vowing to stop the environmental destruction resulting from said operations. - more

  • Philippines suspends 2 nickel mines, halts permits in environmental crackdown - more

    Global nickel demand outlook flat for 2016, 2017 amid lack of drivers - World nickel consumption is expected to stay flat in 2016 and 2017 as a result of weak economic growth and no rise in steel production, the Australian Department of Industry, Innovation and Science said Friday in its June quarterly report on resources and energy. - more

    LME Ni Average Price in June Up by 3% from Prior Month = Inventory level dips below 380,000 tons = LME monthly average nickel price in June 2016 was Cash seller: US$8,915.45 per ton (US$4.044 per lb) and 3-month seller: US$8,962.00 per ton (US$4.065 per lb). - 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 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.52/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.09/lb lower. Stockpiles of nickel stored in LME approved warehouses rose for a second consecutive day on Wednesday, and now total just over the 378,250 tonne level. While industry news is light, the volatility in the trading price of nickel remains intact, with the daily trading range over the last five days in the $.20 - $.25/lb range. We don't expect it to calm down anytime soon. This is our last update for teh week, so we wish our readers a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper surrenders gains, down fourth day on rising stockpiles - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • European Stocks Rise as Oil Advances Toward $48; Pound Rebounds - more

    Market Trend of Import of Ferroalloy as of 30 June 2016 = Prices of silico manganese and molybdenum continue declining = The market trend of import of ferroalloy as of 30 June 2016 is as follows. - more

    Miners urged to better manage volatility - Mining companies need to act faster to eradicate the "excesses of the boom" in order to survive ongoing commodity price volatility and global economic uncertainty, according to EY. - more

    Clive Palmer’s sacked workers cost taxpayers $64 million - Federal taxpayers have shelled out $64 million to pay redundancy ­entitlements for workers sacked at Clive Palmer’s Townsville nickel refinery after his business collapsed. - 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 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.40/lb  . Indicators at 6:00 am CST today show 3 month nickel trading around $.01/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just over the 377,600 tonne level. Inventory increases are a rarity these days, only happening twice during the month of June. The bullish run for nickel appears to be hitting some headwinds, as concerns over world growth after Brexit, is overshadowing concerns about potential supply disruptions from the Philippines. We show major resistance around $4.70/lb with initial support at $4.20/lb.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips for 3rd day on risk-off mood; nickel gains - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Stocks Slide With Pound Amid Renewed Worries Over Global Growth - more
  • Negative Indian Ocean Dipole emerges as Pacific Ocean remains neutral - more

    Nickel industry sees a ray of hope - WA nickel producers finally have some cause for optimism after a dismal first half of the year, as the price of the steelmaking commodity hit eight-month highs this week. - more

    Can You Spare a Nickel, Mr. Duterte? - Nickel has been the worst performer of the London Metal Exchange's six major metals over the past year. - more

    Cuba warns of energy problems, cuts some work hours - Cubans face tough times in the energy sector in the coming months, official media has warned amid orders from authorities to implement power-saving measures and some state-run entities reducing hours of operation. - more

    Norilsk Nickel - Substantial Upside Potential Due To Growing Nickel And Palladium Market Deficits - There is a number of signs that commodity markets have finally bottomed, hence it is time to think about stocks which will benefit from a recovery. - more

    Courtesy AISI - In the week ending July 2, 2016, domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 74.3 percent. Production was 1,758,000 net tons in the week ending July 2, 2015 while the capability utilization then was 74.1 percent. The current week production represents a 1.2 percent decrease from the same period in the previous year. Production for the week ending July 2, 2016 is down 1.1 percent from the previous week ending June 25, 2016 when production was 1,757,000 net tons and the rate of capability utilization was 75.1 percent. - source

  Morning Nickel Price Statistics & Figures

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

Tuesday, July 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.54/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on both Friday and Monday after rising slightly on Thursday. Stockpiles now stand just under the 376,850 tonne level. What a difference a few days make. Nickel traded as high as $4.72/lb on Friday, as nickel's bullish run went a little nuts, before falling back to close. To give you an idea of just how wound up the bulls are after a long drought, the market has risen from a lot of $8800/tonne to a high of over $10,400/tonne in the last eight trading sessions. Since the beginning of the year, nickel has traded as low as $7710/tonne on Feb 11th, to a high of $9550/tonne on May 3rd, prior to the last few weeks. Bulls have taken advantage of the Philippine news and run with it, and there is no reason to believe it will end, unless or until, the new Philippine administration clarifies some of their threatening language toward mining, and thus, nickel mines. We believe the bull run is unjustified, but understand why it is happening. Keep in mind, we have been here before and markets that rise unusually fast, have a history of falling equally fast. Timing the moves is where trades are won and loss.
  • 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slides on producer hedging, rising stocks - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • ICBC Standard Bank  - "Metals have sailed through the Brexit-related choppiness more or less unscathed. The potential for quantitative easing ... along with the lack of a Fed rate hike have given prices some support."
  • Pound Slides With Stocks as Record-Low Yields Paint Glum Outlook - more

   Nickel Rises to Eight-Month High After Top Producer Warns Miners - Nickel rose to the highest in eight months after the Philippines, the world’s largest producer of the ore, threatened to close mines that fail to meet environmental standards. - more

  • Nickel Slides From Eight-Month High as Metals Optimism Fades - more

    Philippines to review all mines as environmentalist takes the helm - The Philippines will review all mines operating in the country, the new mining minister said on Friday, as the committed environmentalist vowed to determine whether the industry is hurting the Southeast Asian nation. - more

  • Duterte administration to review all mines as environmentalist takes the helm - more

    Global Ferronickel sees 20% more nickel output - Miner Global Ferronickel Holdings Inc. expects nickel output to increase by 20 percent to 6 million metric tons (MT) next year when its Palawan site commences operations. - more

    Operations at Ramu Nickel JV in Papua New Guinea set to restart - Australia's Highlands Pacific has reported that operations at the Ramu Nickel joint venture (JV) at Basamuk near Madang in Papua New Guinea (PNG) are set to resume after the completion of rectification work. - more

    Public outcry over nickel in Coway’s ice makers - Coway, which rents out household products, has reportedly kept consumers in the dark for an entire year regarding nickel found in its ice makers, causing outrage and fears about health risks. - 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

June Archives


Chart Info Delayed 1 Day

Nickel Graph Temporarily Down

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 Monday thru Thursday before 8 am CST - 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

Daily Commodity Prices

Site Pages

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

Archives

2018
January

2017
January February March
April May June July August
September October
November December

2016
January February March
April May June July August
September October
November December

2015 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.
© 2003-2018