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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
Tuesday, June 30
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.35/lb
. Indicators
at 6:20 am CST today show 3 month nickel trading around $.04/lb
lower, but trending
higher after a brutal opening, with other London traded base metals trading
lower as well. Stockpiles of nickel stored in LME licensed warehouses fell
on Monday and now total just under the 456,450 tonne level. On the last day
of May, stockpiles stood at 465,346 tonnes. Today's reading is 7,908 tonnes
lower, its first recorded monthly loss in years. And speaking of years, we
saw nickel trading at May 2009 levels early this morning. That's Great Recession
lows! Nickel will continue to remain volatile until Europe and Greece come
to some sort of agreement, or part ways, but if we see these price levels
stick around for awhile, we will see some nickel producers stop production.
Average price of cash nickel so far this month - $5.82/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
Deutsche Bank forecasts average nickel price at $14520/t in 2015, $18250
in 2016
Nickel
Slides to 6-Year Low as Shanghai Moves to Ease Constraint - Nickel extended
its rout to a six-year low as steps by the Shanghai Futures Exchange to ease
delivery constraints added to speculation that supplies will be enough to
meet demand from the world’s biggest user. -
more
Shanghai
exchange approves Norilsk nickel for futures delivery - The Shanghai Futures
Exchange (ShFE) on Monday approved nickel from Russian producer Norilsk for
delivery against its futures contracts, after concern that domestic suppliers
would fail to provide enough supply. -
more
Expectations Of Nickel Bull Run Dampened By Demand Woes - For more than a
year, analysts have been anticipating an upturn in nickel prices, driven
by the Indonesian export ban implemented early last year. -
more
Environmental
groups pressure Dayton to wade into debate on copper, nickel mine in Minnesota
- Environmental advocates trying to stop a proposed copper-nickel mine in
northeastern Minnesota launched an ad campaign on Monday aimed not at the
company behind the project but at Gov. Mark Dayton, hoping to persuade the
Democrat to require stronger environmental protections. -
more
China's 10
nonferrous metal output up 8.74% in Jan-May to 20.7 mln tons - The combined
output of the ten nonferrous metals gained 8.74% year on year to 20.7 million
tons in the Jan-May period, according to the latest statistics released by
the China Nonferrous Metals Industry Association. -
more
Courtesy AISI
- In the week ending June 27, 2015, domestic raw steel production was 1,733,000
net tons while the capability utilization rate was 73.3 percent. Production
was 1,889,000 net tons in the week ending June 27, 2014 while the capability
utilization then was 78.5 percent. The current week production represents
a 8.3 percent decrease from the same period in the previous year. Production
for the week ending June 27, 2015 is up 0.4 percent from the previous week
ending June 20, 2015 when production was 1,726,000 net tons and the rate
of capability utilization was 73.0 percent.
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, June 29
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.64/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.27/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 now total just over
the 459,000 tonne level. As Reuters and Bloomberg are both reporting this
morning, thanks to the mess in Greece, nickel is now trading at a six year
low level. And until the EU figures this mess out and finds away to keep
Greece afloat, which they will eventually, nickel will remain volatile.
Average price of cash nickel so far this month - $5.85/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 steel prices find no support from fourth rate cut since Nov -
more
Nickel
Sinks to 6-Year Low as Greece Crisis Outweighs China Cut - Nickel slid to
the lowest since May 2009, leading declines in most base metals, as
Greece’s deepening debt crisis undermined confidence in the global growth
outlook. -
more
(Press
Release) Shareholders of the Company are advised that the European benchmark
ferrochrome price has been settled at 108USc per pound for the third quarter
of 2015, a rollover from the price in the second quarter of 2015.
China's Looming
VAT Reform May Affect Metals Importers - China's economy may be slowing down,
but the country is not ready to give in just yet. Next month, the Chinese
government is planning to implement its revamped value-added tax (VAT) that
would replace business taxes and expand three crucial sectors: real estate,
finance, and consumer services. -
more
BIR releases Non-Ferrous World Mirror-June 2015 - The Bureau of International
Recycling (BIR) has released the Non-Ferrous World Mirror June 2015 edition.
-
more
Macquarie
to buy a 20 percent stake in Chinese metals trader - China's metals trading
firm Jinchuanmaike Metal Resources Co Ltd will sell a 20 percent stake to
Australia's Macquarie Bank for about $50 million through an issue of new
shares, two sources at the Chinese company said on Monday. -
more
How Canada's
mining sector is addressing children’s rights - As early adopters of
the Children’s Rights and Business Principles, Canadian mining companies
are pioneering models to support children and families -
more
Greece a sideshow to China's main game for commodities: Russell - With the
focus on whether Greece will or won't default on its debts or even stay within
the euro zone, the important news of China easing its monetary policy again
has been largely sidelined. -
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, June 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.77/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.08/lb
lower, with other
London traded base metals trading mostly lower as well./ Stockpiles of nickel
stored in LME approved warehouses fell again on Thursday and now total just
under the 458,150 tonne level. The Greek tragedy, as some are calling it,
leads the news again, as Greece official and creditors were unable to come
to an agreement before the EU meetings. What will happen next? No one really
knows, but either way, some analysts are saying the damage has been done
to the Euro and they forecast the Euro will continue to fall thru the remainder
of the year. If true, this could keep any potential nickel price increase
in check. Have a safe and restful weekend.
Average price of cash nickel so far this month - $5.86/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) Spot nickel prices are expected to fall to 92,000-96,000 yuan per tonne
next week on oversupply resulting from inflow of finance-driven nickel, SMM
predicts.
Asian Supramax rates push up on higher demand -
more
China stock indices plummet by up to 7.9pc as investors stampede out of the
market -
more
Nickel deficit
nearing - The drop in London Metal Exchange inventories could be a sign things
are about to improve for nickel, according to analysts. -
more
Nickel price
expected to rise: Economist - The low nickel prices that prompted First Nickel
Inc. to halt underground ramp development and consider shuttering its Lockerby
Mine are expected to increase, but not dramatically, by the end of the year,
says an economist. -
more
Indonesia’s export ban leaves Malaysia on top - Indonesia”s ban
on ore exports, which choked off shipments of bauxite, spurred local companies
to head to Malaysia, underlining the challenges that Southeast”s Asia
biggest economy faces in trying to boost metals processing. -
more
China's Steel
Market in 3rd Week of Jun/Range of Fall in Prices Expands - In the Chinese
market of steel products in the 3rd week (15th-19th) of June, prices of all
items did not cease to fall, and rather the range of a fall in prices expanded.
-
more
Indian
steelmakers upset as Japan, S.Korea eat local market share - India
could raise steel tariffs further to check a surge of imports, a minister
said on Friday, but local steel firms are concerned that free trade agreements
with Japan and South Korea would still let those countries boost shipments.
-
more
St George
Mining identifies massive nickel sulphide potential - St George Mining has
intersected anomalous nickel and zinc associated with sulphides within a
thick ultramafic unit with its first hole targeting electromagnetic conductors
at its wholly-owned East Laverton Property in Western Australia. -
more
Morning Nickel
Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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, June 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.79/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 fell on Wednesday and now total just over
the 458,350 tonne level. Greece and creditors have been unable to come to
an agreement and possible default fears are back.
Average price of cash nickel so far this month - $5.86/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
Unions calls on thousands of Dutch metal workers to strike -
more
BIR Non-Ferrous
World Mirror June 2015 - Global: The following article is based on the latest
Non-Ferrous Metals World Mirror produced by the BIR world recycling organisation
for the benefit of its members. -
more
Chinese group
warns that possible steel output cuts may depress iron ore prices - Iron
ore prices will be under pressure if Chinese steel mills opt for steel output
cuts when experiencing greater losses in the coming months, the China Iron
& Steel Association warned in its May monthly iron ore market analysis
report released Wednesday. -
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, June 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at $5.83/lb
. Indicators at
6:30 am CST today show 3 month nickel trading around $.01/lb
lower, with other
London traded base metals trading mixed and quietly. Stockpiles of nickel
stored in LME approved warehouses rose on Tuesday and now total just under
the 459,450 tonne level. Nickel is showing strength this week, with the price
rising in the face of a weakening Euro. It's the time of year when metal
s analysts take a second look at 2015 metals forecasts and nickel predictions
are being lowered.
Average price of cash nickel so far this month - $5.87/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
Chinese refined nickel imports in May were up 28.7% MOM and 127.1% YOY.
(SSY) Daily crude steel production at China Iron and Steel Association member
mills dropped to 1.74 Mt in the first ten days of June, down from 1.77 Mt/day
in the period 21-31 May, according to data from the industry association
reported by SteelFirst. This compares with 1.83 Mt/day for the same period
in 2014
(SSY) Japanese crude steel output fell 7.0% year-on-year in May to 8.9 Mt,
according to data from the Japan Iron and Steel Federation. Steel production
for the period January-May was down 4.4% on the same period in 2014 at 44.1
Mt.
China central bank seen approving yuan-denominated ‘gold fix’ soon
-
more
Knives out for nickel despite bullish supply signals: Andy Home - The knives
are out for nickel. Analysts at some of the biggest commodity banks have
been slashing their price forecasts for the stainless steel input over the
last few days amid a welter of negative comment. -
more
India’s anti-dumping move may help domestic Steel players: Ind-Ra
- The government’s recent actions to curb the import of both alloy and
non-alloy steel products into India could help increase the realisations
of domestic alloy and non-alloy steel producers, says India Rating and Research
(Ind-Ra). -
more
Go Long Nickel:
ANZ Eyes $15,000 A Tonne - Nickel have been under pressure since early May
but ANZ is out today forecasting a solid rebound in the price of the industrial
metal. -
more
Morgan Stanley
Lowers Nickel Price Outlook as Stocks Rise - At the end of 2014, many market
watchers anticipated positive price action in the nickel space in the near
term. -
more
Chinese steel
futures dip as traders brace for summer drop in demand - Steel futures in
China slipped 0.9 percent on Tuesday, their first day back after a long holiday
weekend, with traders bracing for a seasonal decline in steel demand that
is also set to undermine iron ore prices. -
more
DNR releases
latest revision to PolyMet environmental review - The latest environmental
review for the proposed PolyMet copper-nickel mine in northeastern Minnesota
has swollen to over 3,100 pages, reflecting how regulators struggled to with
deal with nearly 58,000 written comments from the public and opinions expressed
at public meetings. -
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, June 23
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.67/lb. Indicators at
6:15 am CST today show 3 month nickel trading around $.09/lb
higher, with other
London traded base metals trading mostly higher as well. Stockpiles of nickel
stored in LME approved warehouses rose almost as much as it lost yesterday,
and now totals just under the 458,700 tonne level. We did not have
internet service yesterday, so our update was missing - much like China,
who was on holiday for their Dragon Boat Festival. The nickel market was
lower yesterday, but after a fairly quiet morning session, has found some
life in London's afternoon session.
Average price of cash nickel so far this month - $5.87/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) According to the most recent statistics published by the World Steel
Association, the crude steel production by 65 member countries was 139.308
million tonnes (Mt) in May this year, down 2.1% upon comparison with production
of 142.317 Mt during same month the previous year.
Morgan Stanley
slashes nickel forecasts on deteriorating macro outlook – Morgan Stanley
slashed its nickel price forecasts for the second half of the year on Tuesday
as demand from stainless steel producers is undermined by a deteriorating
outlook for global growth. -
more
LME Mo
Price Drops Sharply and Marks New Record Low of US$15,200/MT = Price for
cash seller is down by US$950 from prior day, and price for 3-month seller
is down by US$1,050 = LME molybdenum price (cash seller/settlement and 3-month
seller) dropped down to US$15,200 per ton (= US$6.89 per lb) on June 16,
which marked a new record low since being listed. -
more
Glencore
sells $2.4 billion Xstrata Mine for just $19 million - Glencore Plc extricated
itself from one of the mining industry’s most value-destructive deals
by offloading the Cosmos nickel mine for A$24.5 million ($19 million). -
more
Residents
oppose alleged resumption of nickel mining in Eastern Samar - Residents of
a small island in Eastern Samar are opposing what they claimed as attempts
to resume the nickel operations of Hinatuan Mining Corp. despite a standing
suspension order from the government. -
more
Courtesy AISI
- In the week ending June 20, 2015, domestic raw steel production was 1,726,000
net tons while the capability utilization rate was 73.0 percent. Production
was 1,889,000 net tons in the week ending June 20, 2014 while the capability
utilization then was 78.5 percent. The current week production represents
a 8.6 percent decrease from the same period in the previous year. Production
for the week ending June 20, 2015 is down 1.2 percent from the previous week
ending June 13, 2015 when production was 1,747,000 net tons and the rate
of capability utilization was 73.9 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
Friday, June 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.77/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.02/lb
lower, with other
London traded base metals trading mostly lower as well. Stockpiles of nickel
stored in LME approved warehouses are on day 11 of consecutive falls and
now total over the 458,500 tonne level.Wile nickel spent much of this week
rising, it fell enough on Monday that teh price of nickel lo0oks to end the
week lower than last. Cash nickel is averaging about $.25/lb lower so far
this month when compared to May numbers, and while we disagree with those
who feel nickel's slump has yet to find a floor, we see little reason
for any significant change in nickel's course anytime soon. Have a safe and
enjoyable weekend.
Average price of cash nickel so far this month - $5.90/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 may extend loss next week with LME nickel falling below
$12,500 per tonne as demand from stainless steel mills should wane and supply
is on the rise, SMM predicts.
(SM) Global nickel markets were in surplus of 39,000 tonnes in January-April
2015 with production exceeding apparent demand.
(CH) Cobham Aviation Services Australia says it has secured a five-year contract
extension from Australian nickel mining conglomerate, Minara Resources, to
continue providing fly-in, fly-out (FIFO) services to its Murrin Murrin site,
located 883 kilometres east of Perth in Western Australia.
(China) Stocks suffer worst week since 2008 -
more
Slide in
China steel snuffs iron ore rally, revives glut worries - A slump in Chinese
demand for steel has poured cold water on a rally in iron ore this month,
with prices for the raw material likely to drop over the rest of the year,
traders and analysts said. -
more
What is Nickel to the Philippines? - While the rest of the world appeared
to be disappointed with Indonesia’s ore processing localization, the
Philippines considered it a once-in-a-lifetime opportunity to prove that
it could up its game and become a major player in the mining segment. -
more
Western
Areas to acquire Glencore nickel operations - Western Areas will acquire
Glencore’s Australian nickel operations in Western Australia. -
more
Vale fire
causes $50,000 damage Wed.- A fire at Vale's Nickel Refinery in Copper Cliff
Wednesday night caused an estimated $50,000 damage. -
more
Islanders
unite to keep Norwegian miner off its 'treasures' - For nearly two decades
now, an island in the Philippines has been steadfast in protecting its natural
resources against large-scale mining even as the national government allows
entry of foreign firms. -
more
Market Trend
of Import of Ferroalloy as of 15 June 2015 = There is tight feeling on spot
goods of FeSi and EMM, and price of Mo drops = The market trend of import
of ferroalloy as of 15 June 2015 is as follows. -
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, June 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.82/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.01/lb
higher, but losing
gas, with other London traded base metals trading mostly higher as well.
Stockpiles of nickel stored in LME approved warehouses fell for a tenth
consecutive session and now total just under the 459,200 tonne level. LME
stockpiles have fallen by 11,178 tonnes in the last two weeks. Europe is
still concerned about the Greece debacle and US traders have futures higher
after the Fed hinted the free money will continue to roll for some time.
Average price of cash nickel so far this month - $5.90/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
World's largest nut to be displayed in Green Bay -
more
Support seen
for nickel as deficit looms, but demand poses uncertainty - Price volatility
has hounded the nickel market in the first half of 2015. In this video, Platts
senior managing editor Yuen Cheng Mok and editor Vivian Teo share market
expectations on nickel prices for the second half of the year, signs pointing
to a deficit in the market, and the challenges that could pose demand-side
risks. -
more
Iron in China
Sags Most Since April as Steel Demand Slows - Iron ore in China slumped the
most in seven weeks amid concern that steel consumption in the world’s
largest user was faltering, curbing demand for the raw material. -
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, June 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.76/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.06/lb
higher, with most LME
traded base metals trading higher as well. Stockpiles of nickel stored in
LME approved warehouses fell for a ninth consecutive session, and now total
just over the 459,750 tonne level. Markets are watching Greece and the EU
standoff nervously, and will be watching Fed Chairperson Janet Yellen's press
conference this afternoon closely for clues on possible interest rate hike
dates. Reports from China, at least from the steel industry, tend to cast
a shadow over predictions that China's slowdown may have bottomed out. Markets
can get volatile when uncertainty controls the mood.
Average price of cash nickel so far this month - $5.91/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
(ET) China's Baoshan Iron & Steel will cut main steel product prices
for July bookings, the company said on June 12, as sluggish economic growth
hit demand for the industrial material. The company will cut hot-rolled coil
and cold-rolled coil prices by 80 yuan a tonne.
Botswana Metals intersects broad zones of nickel sulphides at Maibele North
-
more
Bank of America Merrill Lynch says China on the mend and has bottomed out
-
more
Finland
to inject more funds into troubled nickel mine - The Finnish government plans
to inject a further 112 million euros ($126 million) into restructuring troubled
nickel mine Talvivaara after a potential buyer failed to arrange financing,
a minister said on Wednesday. -
more
Norilsk Sees Nickel in Cars Tripling as Tesla Drives Sales - Nickel demand
from the auto industry is set to rise as much as threefold in five years
as output of electric and hybrid cars gathers pace, according to Russia’s
largest producer of the metal. -
more
Indonesia
Seeks Legal Route for Bauxite Miners to Resume Exports - (quote) “It
will be very restricted, very tight. Free riders won’t be allowed,”
Djalil said, adding that no relaxation would be given to nickel miners building
smelters. “Nickel doesn’t need it because the investment costs
aren’t too high.” -
more
Outlook for
new steel orders weakens - The outlook for new steel orders in China over
June deteriorated from May, according to a survey by global commodity information
provider Platts. -
more
Miners
face headwinds from weak prices: PwC - The global mining industry faced a
challenging year in 2014 with falling commodity prices and increasing short-term
volatility, which forced companies to control costs and free up cash flow,
according to a report released by PricewaterhouseCoopers (PwC) on Monday.
-
more
China
steel, iron ore divergence unlikely to persist: Russell - Something has to
give in the Chinese steel sector, given the disconnect between record low
steel prices and a recent strong rally in iron ore. -
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, June 16
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.88/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.08/lb
lower, with other
London traded base metals trading mostly lower. Stockpiles of nickel stored
in LME approved warehouses fell for the eighth consecutive day, a first i
years, and now total just over the 461,550 tonne level. Nickel appears to
have found some support earlier in the session and at least for now, the
slide has found some footing. Watch the inventory levels. Down eight
straight days, and we are not seeing the missing inventory show up in the
SHFE warehouses yet. A week ago we were wondering if stockpiles would clmib
to the 500,000 tonne level.
Average price of cash nickel so far this month - $5.92/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
(FAN) China ferrochrome imports totaled 181,700 tons in May, a decline of
10.62% MoM, and a drop of 9.24% YoY.
Goldman - Rising costs of nickel pig iron production should restrict output
growth, firm says. Demand, on the other hand, is likely to benefit from consumer
recoveries in the U.S., Europe, and China. Sees nickel (now $13,000/tonne)
going to $16,000/t in 3 months, $17,000/t in 6 months, and $18,000/tonne
in one year.
Chinese
joint venture builds nickel smelter in Morowali - Central Sulawesi Governor
Longki Djanggola has officially launched the construction of a Rp 5.5 trillion
(US$412 million) nickel smelting plant in Gandaganda subdistrict, Petasia
district, North Morowali regency, Central Sulawesi. -
more
Shipment Declines
Accelerate in May - U.S. shipments of steel products decreased substantially
in May compared to a year ago, and aluminum shipments declined as well. -
more
MOC: Average
finished steel price in China down one percent - On June 16, China's Ministry
of Commerce (MOC) announced that during last week (June 8-14) the overall
average finished steel price in China decreased by 1.0 percent week on week.
-
more
Courtesy AISI
- In the week ending June 13, 2015, domestic raw steel production was 1,747,000
net tons while the capability utilization rate was 73.9 percent. Production
was 1,889,000 net tons in the week ending June 13, 2014 while the capability
utilization then was 78.5 percent. The current week production represents
a 7.5 percent decrease from the same period in the previous year. Production
for the week ending June 13, 2015 is up 1.5 percent from the previous week
ending June 6, 2015 when production was 1,722,000 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, June 15
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.95/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 fell on Friday and ended the week just
over 464,500 tonne level. Shanghai Metals Market is reporting weekly stockpiles
at six major Chinese ports rose by 70,000 tonnes to total 11.75 million tonnes.
This is about where stockpiles totaled back in February of this year. The
most recent bullish run for nickel has come to an end, as the Euro slides
on news that the most recently held Greece debt talks have failed and default
fears rise again. We understand Greece still has two weeks to make a deal
with its creditors so we will see if the panic some European markets
are seeing today, is justified. Lot of speculation on what may or may not
happen 'if' Greece defaults, but no one really knows.
Average price of cash nickel so far this month - $5.93/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) Chinese iron ore stockpiles have dropped to their lowest level since
late October 2013 at 72.4 Mt, down 31.0 Mt year-on-year, according to data
from U-metal on 18 portside locations in China. Stockpiles have now dropped
by 16.8 Mt since the start of 2015.
Nickel
drops to lowest in week as China demand seen ebbing - Nickel prices fell
to a one-week low on signs that supplies are plentiful as demand eases in
China, the world's top user of industrial metals. Lead dropped to the cheapest
in more than two months. -
more
Platts China
Steel Sentiment Index Slumped in June - The outlook for new steel orders
in China over June deteriorated from May, while expectations for flat steel
prices over the coming month was also depressed, according to the latest
Platts China Steel Sentiment Index (Platts CSSI), which showed a headline
reading of 42.2 out of a possible 100 points. -
more
Madagascar
Ambatovy mine workers won't strike, want talks on layoffs - The two main
trade unions at Sherritt International Corp's Ambatovy nickel mine in Madagascar
will not call a new strike over job layoffs for now and are still seeking
dialogue, union officials said on Friday. -
more
U.S. Mo Import
& Export Balance during January to April 2015 = When compared with
year-earlier period, export is down and import is up = According to the
calculation to figure out volumes of molybdenum import and export in pure
Mo equivalent based on foreign trade statistics of United States Department
of Commerce, the export volume during January to April in 2015 was 16.19
million lbs, down by 11.5% from 18.29 million lbs of the year-earlier period.
-
more
Ousted
Mwana CE Kalaa Mpinga says ready to move on, sees opportunities in Africa
- Ousted Mwana Africa chief executive officer Kalaa Mpinga says he is not
a bitter man and is ready to explore investment opportunities in Zimbabwe
and Africa following his shock departure from the resources group he founded
12 years ago. -
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, June 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$6.04/lb. Indicators
at 6:30 am CST today show 3 month nickel trading around $.09/lb
lower, but around
$.09/lb above earlier session lows. Stockpiles of nickel stored in LME approved
warehouses fell for a sixth consecutive session and now total just over the
465,250 tonne level. Nickel turned south yesterday, after failing to hold
onto the line of resistance for a second consecutive day. With the Euro dropping
this morning, nickel looked like it might be in serious trouble this morning,
dropping like a rock, but has since regained its composure, and while still
down, it no longer resembles a rout. With little else to talk about, Greece
appears to remain the chief threat to commodities in general, with its daily
effect on the Euro and the great unknown of what might happen to world economies
if Greece defaults. Today's version is abridged and back to normal on Monday.
Have a safe and relaxing weekend.
Average price of cash nickel so far this month - $5.93/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
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$6.14/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.04/lb
lower, with other
London traded base metals trading lower as well. Stockpiles of nickel stored
in LME approved warehouses fell for a fifth session, and now total just under
the 465,700 tonne level. Nickel successfully closed above the technical line
of resistance at $6.12/lb yesterday, but is struggling today to close above
that level for a second consecutive day.
Average price of cash nickel so far this month - $5.91/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
(Reuters) China's crude steel output fell 1.7 percent in May from a year
earlier, government data showed on Thursday, as a sluggish economy and property
market hit demand. -
more
Fitch has downgraded the outlook of BHP and Rio Tinto to negative -
more
Two major
mining announcements give hope to Tasmania's struggling sector - Tasmania's
struggling mining sector has been given a boost on two fronts with the pending
reopening of a nickel mine in the state's west coast and a new iron ore venture
in the north west. -
more
Ferrochrome
makers demand reopening of shut chromite mines - The closure of some key
chromite mines has triggered acute shortfall of chrome ore and ore concentrates
for these units -
more
Zimbabwe
lifts ban on chrome ore exports in bid to help grow sector - Zimbabwe on
Tuesday lifted the ban on chrome ore exports to help enhance capacity for
local producers and grow the sector. -
more
Codelco's Mo
Production during January to March 13.2 Million LBS = Down by 25% from
year-earlier period, and sales volume is up by 17% ditto = Corporacion Nacional
del Cobre, Chile has recently announced the results of its production and
sales during January to March in 2015. -
more
What’s in a name? - Unless you’re a metallurgist, navigating the
complexities of stainless steel terminology can be confusing. A recent article
provided an easily understood guide. -
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, June 10
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$6.07/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 as well - but with much less enthusiasm.
Stockpiles of nickel stored in LME approved warehouses fell for a fourth
consecutive day, and now total just over the 467,000 tonne level. Nickel
was unable to hold above the technical line of resistance yesterday, and
is making another run today. A weaker US Dollar is also helping base metals
in general. Tightness remains on the Shanghai Futures Exchange, with the
newly traded nickel showing only 10,621 tonnes in stock, and 6,582 of those
tonnes on warrant. Until this inventory squeeze is rectified, we could continue
to see interest in nickel.
Average price of cash nickel so far this month - $5.88/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
(BNA) Solway eyeing 25,000t nickel output at Guatemala mine
U.S. Fastener Imports and Exports Both Decline in April -
more
Copper
Caps Longest Rally in Five Weeks on China Stimulus Bets - Copper futures
capped the longest rally in five weeks as easing inflation bolstered the
case for more economic stimulus in China, the world’s biggest metal
consumer. -
more
LME faces
formidable opposition to warehouses in China - The London Metal Exchange's
ambition to approve warehouses in China, particularly in Shanghai, is running
into powerful local resistance. -
more
At some
point, you can't fight nickel prices: First Nickel CEO - First Nickel Inc.'s
decision to halt the development of its underground ramp at the Lockerby
Mine in Sudbury comes down to the price of nickel, says company president
and CEO Thomas Boehlert. -
more
Update of the ISSF educational material for architects and engineers available
- In May 2014, the International Stainless Steel Forum (ISSF) launched a
new educational resource to increase the awareness of the potential of stainless
steel in the architecture, building and construction (ABC). Known as the
ISSF Education Project, the series of resources has already proved popular
with lecturers and students. -
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, June 9
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$6.07/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.07/lb
higher with other London
traded base metals trading higher as well. Stockpiles of nickels stored in
LME approved warehouses fell for a third straight day and now total just
over teh 467,900 tonne level. Nickel is trading above resistance this morning,
which we show is at $6.12/lb. This could slow down the sudden exuberance
traders have found, with market watchers crediting China stimulus hopes and
tightness in the SHFE July contract. Today's current trading level has brought
the price of nickel back to where it averaged last month. Can it hold?
Stay tuned.
Average price of cash nickel so far this month - $5.84/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 Index of Small Business Optimism increased 1.4 points to 98.3 in May,
in spite of 5 months of lousy growth. May is the best reading since the 100.4
December reading, but nothing to write home about. -
more
Not Seen Since 1997: El Nino Warming Pacific, Australia Says -
more
Ocean temperatures continue to rise in the tropical Pacific -
more
Nickel
Reaches Three-Week High on Bets China Will Add Stimulus - Nickel rose to
the highest in almost three weeks as weaker economic data boosted speculation
that officials will add to stimulus in China, the world’s biggest metals
consumer. -
more
Production
of Stainless Steel Products in March 2015 Is 248,684 Tons = Up by 7% from
prior month, and only production of Cr-Mn-type products is down and others
are up = The Ministry of Economy, Trade and Industry announced the production
volume of stainless steel products (hot-rolled products) in March 2015 was
248,684 tons, which was up by 7.4% from the prior month but down by 7.2%
from the year-earlier month. -
more
Low nickel
prices force First Nickel to shutter Lockerby in Q3 - The Lockerby base metals
mine, in the Sudbury basin of Ontario, would be placed on care and maintenance
or closed during the third quarter, after all remaining nickel ore above
the 6 800-foot-level had been exhausted, owner and operator First Nickel
(FNI) said on Monday. -
more
Workers
at Madagascar Ambatovy nickel mine consider strike over jobs - Workers at
Sherritt International Corp's Ambatovy nickel project in Madagascar are
considering strike action over possible job cuts, a trade union official
said on Monday. -
more
‘Worst
Is Over’ for China Steel Sector as Supply Constrained - China’s
steel industry will improve as supply is constrained by fewer capacity additions,
closing of polluting plants and a strong export outlook, according to Argonaut
Securities (Asia) Ltd. -
more
Courtesy AISI
- In the week ending June 6, 2015, domestic raw steel production was 1,722,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,889,000 net tons in the week ending June 6, 2014 while the capability
utilization then was 78.5 percent. The current week production represents
a 8.8 percent decrease from the same period in the previous year. Production
for the week ending June 6, 2015 is up 1.3 percent from the previous week
ending May 30, 2015 when production was 1,700,000 net tons and the rate of
capability utilization was 71.9 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, June 8
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.94/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.02/lb
higher, with other
London traded base metals trading mostly higher. Stockpiles of nickel stored
in LME approved warehouses fell on Friday and now total just under the 469,100
tonne level. Shanghai Metals Market reports nickel ore stockpiles held at
major Chinese ports rose by 120,000 tonnes to total 11.68 million tonnes.
The trading value of the Euro seems to be what nickel traders are watching
today, with little else to motivate trading.
Average price of cash nickel so far this month - $5.81/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
Ever taller skyscrapers made possible by steel -
more
China’s Metal Fastener Output in Jan.-Apr. Jumps -
more
Sherritt
Workers in Madagascar Mull Strike Action Over Job Cuts - Workers at Sherritt
International Corp.’s Ambatovy nickel project in Madagascar may go on
strike after job cuts at the mine, a labor-union official said. -
more
Molybdenum oxide spot prices at 10-year lows push Asian buyers, sellers to
sidelines - Spot prices of molybdenum oxide at 10-year lows of $7.40-$7.50/lb
have pushed Asian buyers and sellers to the sidelines, market sources said
Monday, June 8. -
more
Ni SUS Scrap
Purchase Price in June Starts with JPY148,000 - JPY153,000 = Price in Japan
remains unchanged due to increased consumption and price hike by South Korean
mills = The price for June purchase of nickel-containing stainless steel
scrap (SABOT) by Japanese Stainless Steel mills starts with JPY148,000 -
JPY153,000 per ton (delivered at factory) which remains unchanged from May
purchase price. -
more
Dalian iron
ore futures slip as China imports drop - Iron ore futures in China dropped
on Monday after data showed imports of the raw material by the world's top
consumer slid last month. -
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, June 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Thursday's trading session at
$5.87/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 fell on Thursday and now total just under
the 469,500 tonne level. Greece has asked the IMF to forgo a payment due
today, and asked to have all of their June debt payments bulked together
for one bill due at the end of the month - effectively kicking the can down
the road and adding June to the list of months filled with uncertainty for
the Euro. The traded price of nickel remains lower than its May average,
but higher than the April average, with little momentum to do much of anything.
Enjoy your weekend and it all starts again on Monday.
Average price of cash nickel so far this month - $5.81/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) Spot nickel prices in China are expected to drop further to 92,500-101,000
yuan per tonne next week as Jinchuan Group increases supplies, SMM says.
Zepol - Bolts, Nuts, Screws, Rivets, Washers And Other Turned Products
- saw imports of $518,262,451 and exports of $358,225,067 in April. This
is a change of -5% and -4% respectively from the previous month.
LME Ni
Average Price in May Up by 6% from Prior Month = However, down to nearly
US$12,500 in latter half, and month-end inventory went up to 464,000 tons
= LME monthly average price in May 2015 was Cash seller: US$13,508.95 per
ton (US$6.128 per lb) and 3-month seller: US$13,560.79 per ton (US$6.151
per lb). -
more
Avebury
aims to wait for nickel price surge before operating - The company aiming
to buy the Avebury nickel mine is likely to sit on the asset until prices
improve. -
more
Top miners
slashed costs, spending to cope with price falls - PwC - The world's top
40 mining firms cut costs by a combined 5 percent and capital spending by
20 percent last year as they grappled with a plunge in prices that drove
their market value to a 10-year low, a report showed 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
Thursday, June 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$5.87/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 lower as well. Stockpiles of nickel
stored in LME approved warehouses rose to another record high on Wednesday
and now set at 470,376 tonnes. The question is will totals reach 500,000
tonnes and if so, when. And how much of this excess inventory will eventually
be channeled thru the SHFE? Nickel has been trading up and down this morning,
thanks to a volatile Euro.
Average price of cash nickel so far this month - $5.80/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
Falling LME aluminium price confounds the theorists: Andy Home -
more
AK Steel and
Other U.S. Producers File Trade Cases Against Five Countries - AK Steel today
announced that it has joined other major domestic steel producers in filing
anti-dumping and counter-vailing duty petitions against five countries related
to corrosion-resistant steel.-
more
Nickel Institute: Stainless steel rebars extend lifetimes of concrete structures
- When it comes to building or repairing reinforced concrete structures so
that life-cycle costs are minimized, many authorities are specifying the
use of stainless steel reinforcing bars (rebars) instead of the traditional
carbon steel rebars, according to the Nickel Institute. -
more
Sherritt
Announces Ambatovy May Monthly Production Update and Receipt of Production
and Efficiency Certificates - Sherritt International Corporation ("Sherritt"
or the "Corporation") (TSX: S) announced today the May 2015 operational results
for the Ambatovy Joint Venture. -
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, June 3
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$5.90/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 higher, but quietly again. Stockpiles
of nickel store in LME approved warehouses rose by over 4,600 tonnes on Monday,
and now total 470,118 tonnes, a new all time record high. And speaking of
records, cancelled warrants rose to over 31% yesterday, as nickel is booked
to move to Shanghai, to be traded on the Shanghai Futures Exchange, which
began trading nickel two months ago. You can find more on the SHFE
here.
Average price of cash nickel so far this month - $5.77/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
US Fed may delay rate increase until world economy improves -
more
BHP Billiton
warns global commodity supply glut to persist - BHP Billiton , the world's
biggest mining company, warned on Wednesday that a global oversupply of
commodities that is putting pressure on prices is likely to be be prolonged.
-
more
North American
Stainless Press Release 6/2/15 - For the month of June 2015, North American
Stainless will increase the fuel surcharge to 23% for stainless flat and
long products. The surcharge rate is considered a maximum level for June
and will be reviewed monthly.
(source)
(Customs
Statistics) Japan's Imports of Raw Materials for Ferroalloy 4/15 -
more
Millionaire
prospector Mark Creasy making "dough" out of Sirius - Mark Creasy was adamant
that Sirius Resources shareholders should retain exposure to the "first class"
Nova-Bollinger project in any takeover deal. But it is not because he is
a sentimental man; the millionaire prospector is confident the project will
make "a lot of dough". -
more
EU Proposes
Law Calling For Responsible Importation Of Minerals - The European Union
proposed a law calling for the responsible importation of minerals and to
prevent the trade of such in conflict-affected countries, Out Law reported.
- 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, June 2
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$5.89/lb. Indicators at
6:30 am CST today show 3 month nickel trading around $.04/lb
lower, but recoverying
from earlier lows, with other London traded base metals trading mixed and
quietly. Stockpiles of nickel stored in LME approved warehouses fell slightly
on Monday and now total just over the 465,500 tonne level. While nickel is
presently lower, it is getting some postive momentum from a Euro that is
trading higher against the US Dollar this month. Traders have apparently
decided the world will not end with Greece defaulting, as this seems more
likely.
Average price of cash nickel so far this month - $5.69/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
Asian Customers in Wait-and-see Stance for CR Austenitic Stainless Sheets
- As the LME nickel price is again falling to the level of $5 per pound,
customers in the Asian region would not relax a wait-and-see attitude. -
more
MEPS Predicts
A Stainless Steel Price Upturn Over Next Twelve Months - The current condition
and short-term outlook for the stainless steel market is rather mixed. -
more
New high
for global molybdenum production and use in 2014 - Global production of
molybdenum in 2014 reached a new high of 583.7 million lbs, up from the previous
year’s record of 543.2 million lbs. -
more
China's steel
industry continues to weaken - China's steel industry is still struggling
with overcapacity with few signs of recovery, trade association statistics
showed on Monday. -
more
Vale Indonesia
Ramps Up Smelter Activity Despite Falling Nickel Prices -
more
Courtesy AISI
- In the week ending May 30, 2015, domestic raw steel production was 1,700,000
net tons while the capability utilization rate was 71.9 percent. Production
was 1,860,000 net tons in the week ending May 30, 2014 while the capability
utilization then was 77.3 percent. The current week production represents
a 8.6 percent decrease from the same period in the previous year. Production
for the week ending May 30, 2015 is down 1.8 percent from the previous week
ending May 23, 2015 when production was 1,732,000 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, June 1
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$5.72/lb
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.01/lb
higher, with other
London traded base metals trading mixed and quietly. Stockpiles of nickel
stored in LME approved warehouses rose on Friday, and ended the week and
month near an all time record high, but fell short and just over the 465,500
tonne level. SMM reports stockpiles of nickel ore held at monitored major
Chinese ports fell by 240,000 tons to 11.56 million tonnes last week. China's
official PMI rose to 50.2 from 50.1, and the Euro manufacturing PMI rose
to 52.2 from 50. US PMI numbers to be published later today. The average
price of cash nickel rose last month, but there is little enthusiasm in the
market and not much to base more potential price increases on.
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
(SMM) Jinchuan Group Raises Nickel Prices to 101,000 yuan on May 28
Positive outcome for stainless steel scrap major Oryx - The Dutch-German
company achieved 'considerably higher tonnages' last year, with sales rising
from Euro 430 million in 2013 to Euro 590 million. -
more
Joint
Venture Starts Construction of Smelters in C. Sulawesi - Sulawesi Mining
Investment, a joint venture of Chinese stainless steel producer Dingxin Group
and local conglomerate Bintang Delapan, held a groundbreaking ceremony for
its multi-billion-dollar integrated smelter project in Morowali, Central
Sulawesi, last week. -
more
Global
Steel price rises in May for the first time in 12 months - Global steel price
rose during May for the first time in twelve months, said MEPS International
in a snippet. -
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
6:30 am CST today show 3 month nickel trading around $.02/lb
Reports
Commodity/Economic Comments
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. -
(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. -
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. -
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). -
Morning Nickel
Price Statistics & Figures
. Indicators
at 6:20 am CST today show 3 month nickel trading around $.04/lb
Expectations Of Nickel Bull Run Dampened By Demand Woes - For more than a
year, analysts have been anticipating an upturn in nickel prices, driven
by the Indonesian export ban implemented early last year. -
(Press
Release) Shareholders of the Company are advised that the European benchmark
ferrochrome price has been settled at 108USc per pound for the third quarter
of 2015, a rollover from the price in the second quarter of 2015.
How Canada's
mining sector is addressing children’s rights - As early adopters of
the Children’s Rights and Business Principles, Canadian mining companies
are pioneering models to support children and families -
Nickel deficit
nearing - The drop in London Metal Exchange inventories could be a sign things
are about to improve for nickel, according to analysts. -
Indonesia’s export ban leaves Malaysia on top - Indonesia”s ban
on ore exports, which choked off shipments of bauxite, spurred local companies
to head to Malaysia, underlining the challenges that Southeast”s Asia
biggest economy faces in trying to boost metals processing. -
Indian
steelmakers upset as Japan, S.Korea eat local market share - India
could raise steel tariffs further to check a surge of imports, a minister
said on Friday, but local steel firms are concerned that free trade agreements
with Japan and South Korea would still let those countries boost shipments.
-
BIR Non-Ferrous
World Mirror June 2015 - Global: The following article is based on the latest
Non-Ferrous Metals World Mirror produced by the BIR world recycling organisation
for the benefit of its members. -
Residents
oppose alleged resumption of nickel mining in Eastern Samar - Residents of
a small island in Eastern Samar are opposing what they claimed as attempts
to resume the nickel operations of Hinatuan Mining Corp. despite a standing
suspension order from the government. -
Support seen
for nickel as deficit looms, but demand poses uncertainty - Price volatility
has hounded the nickel market in the first half of 2015. In this video, Platts
senior managing editor Yuen Cheng Mok and editor Vivian Teo share market
expectations on nickel prices for the second half of the year, signs pointing
to a deficit in the market, and the challenges that could pose demand-side
risks. -
Finland
to inject more funds into troubled nickel mine - The Finnish government plans
to inject a further 112 million euros ($126 million) into restructuring troubled
nickel mine Talvivaara after a potential buyer failed to arrange financing,
a minister said on Wednesday. -
Indonesia
Seeks Legal Route for Bauxite Miners to Resume Exports - (quote) “It
will be very restricted, very tight. Free riders won’t be allowed,”
Djalil said, adding that no relaxation would be given to nickel miners building
smelters. “Nickel doesn’t need it because the investment costs
aren’t too high.” -
Madagascar
Ambatovy mine workers won't strike, want talks on layoffs - The two main
trade unions at Sherritt International Corp's Ambatovy nickel mine in Madagascar
will not call a new strike over job layoffs for now and are still seeking
dialogue, union officials said on Friday. -
. Indicators
at 6:30 am CST today show 3 month nickel trading around $.11/lb
Production
of Stainless Steel Products in March 2015 Is 248,684 Tons = Up by 7% from
prior month, and only production of Cr-Mn-type products is down and others
are up = The Ministry of Economy, Trade and Industry announced the production
volume of stainless steel products (hot-rolled products) in March 2015 was
248,684 tons, which was up by 7.4% from the prior month but down by 7.2%
from the year-earlier month. -
LME Ni
Average Price in May Up by 6% from Prior Month = However, down to nearly
US$12,500 in latter half, and month-end inventory went up to 464,000 tons
= LME monthly average price in May 2015 was Cash seller: US$13,508.95 per
ton (US$6.128 per lb) and 3-month seller: US$13,560.79 per ton (US$6.151
per lb). -
EU Proposes
Law Calling For Responsible Importation Of Minerals - The European Union
proposed a law calling for the responsible importation of minerals and to
prevent the trade of such in conflict-affected countries, Out Law reported.
-
