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Friday, May 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $5.81/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. Stockpiles of nickel stored in LME approved warehouses fell for a second day on Thursday and now total just under the 464,350 tonne level. Weak support held at $5.71/lb yesterday and so far, does not appear to be under threat for a second test today. Traders are watching US GDP figures today, which could affect the strength of the US Dollar againt the Euro. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.15/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 - Aluminium set for biggest monthly loss in 2-1/2 yrs on supply glut - more

  Reports

  • World Steel in Figures 2015 - more
  • SFSA The May 2015 Casteel Reporter - pdf here
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • Billionaire Potanin’s ex-wife’s claim to his property set for July 1 - more

    LME Ni Inventory Exceeds 450,000 Tons = Sporadic large increase continues, and increasing trend is seen in Europe and Southeast Asia = LME nickel inventory made a record of 455,790 tons at the time of trade closing on May 21 (= at the time of trade opening on May 22), which updated an all-time high. - more

    Japan ferrochrome: Prices fall to 82-83 cents/lb after six stable weeks - Platts assessed spot import price of high carbon ferrochrome into Japan at 82 cents-83 cents/lb CIF Japan Friday, down from 83 cents-84 cents/lb CIF for the last six weeks. - more

    President Jokowi visits - Accompanied by First Lady Iriana, President Joko "Jokowi" Widodo and his entourage arrived at Mutiara Sis Aljufri Airport in Palu, Central Sulawesi, at 9:09 a.m. local time on Friday for a two-day working visit.- more

    Miners forced to dig deep for buyers - Miners across the world want to sell off their mines, but they have a problem: almost no one wants to buy them. - 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, May 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $5.76/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.04/lb lower, with other London traded base metals trading mostly higher. Stockpiles of nickel stored in LME approved warehouses slipped on Wednesday and now total just over the 464,600 tonne level. Base metals are benefiting from a weaker US Dollar this morning, with nickel lagging and losing earlier momentum. Nickel is testing weak support this morning, with strong support at $5.56/lb.
  • Average price of cash nickel so far this month - $6.17/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper edges off 1-month lows as dollar drops - more

  Reports

  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
  • (SSY) US steel imports fell to a 13-month low of 3.2 Mt in April, down 7% year-on-year, according to preliminary trade data from the US Census Bureau. However, combined imports for the first four months of 2015 were still up 12% on the same period in 2014, at 13.7 Mt. - more
  • World supply chains under most threat from economic risk - more
  • Dollar momentum wanes, China stocks take heavy tumble - more

    "Cautious optimism" abounds in Asia commodities: Russell - There appears to be an outbreak of "cautious optimism" in the Asian commodities sector. - more

    Chine ferrochrome: Domestic spot price wait for steelmakers' June purchase prices - The domestic spot price of 50% Cr Chinese high-carbon ferrochrome was assessed at Yuan 6,350-6,500/mt (equivalent to 78-80 cents/lb) -- including 17% VAT and delivery -- on Wednesday, unchanged from a week ago, as the market waited for major Chinese stainless steelmakers to settle their June purchase prices. - more

    Vale Long Harbour nickel plant gets first shipment from Voisey's Bay - Vale's nickel processing plant in Long Harbour received its first major shipment from its Labrador mine in Voisey's Bay Monday. - more

    New Caledonia's Vale hopes to end losses - The head of the Vale New Caledonia mining company says this year it may move out of the red for the first time since the seven-billion US dollar plant's launch. - more

    Jokowi to inaugurate smelter - President Joko “Jokowi” Widodo is scheduled to inaugurate a smelter, or a concentrate purification facility, developed by nickel miner PT Sulawesi Mining Investment (SMI) in Morowali regency, Central Sulawesi, on Friday. - more

    2 sentenced in theft of $1M in nickel briquettes -  Two men have been sentenced in the theft of $1 million in nickel briquettes which were imported through the Port of Baltimore. - 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, May 27

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $5.78/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Tuesday, starting today's session at 465,624 tonnes. Total stocks have risen by 20,868 tonnes this month, after rising 13,812 tonnes in April, 5,130 tonnes in March, and only 2,436 tonnes in February. And still, analysts and mines predict that world nickel production will begin to fall below demand levels any day now. We would suggest strongly against holding your breathe, as this fairy tale has been making the rounds since Indonesia started its nickel ore export ban - about 17 months ago. The old saying that even a stopped clock is right twice a day has yet to prove true for the purveyors of gloom.
  • Average price of cash nickel so far this month - $6.20/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper edges off 4-week low, but capped by dollar - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • (SMM) Jinchuan Group reduced ex-works prices of nickel to 100,000 yuan per tonne on May 27, Shanghai Metals Market learns.
  • Dollar retreats after its best day in two years - more
  • El Niño strengthens - more

    Global stainless market dominated by Far Eastern players - Markus Moll, managing director of Steel & Metals Market Research of Austria, speaking at the recent World Recycling Convention and Exhibition in Dubai, organised by the Bureau of International Recycling, told delegates that 18/8 stainless steel scrap availability was growing faster over the period 1980 to 2020 than 300 series stainless steel production – the former by 4.6% per annum and the latter by 4%. - more

    BIR Stainless Steel World Mirror May 2015 - Global: The following article is based on the latest Stainless Steel & Special Alloys World Mirror produced by the BIR world recycling organisation for the benefit of its members. - more

    Prices of CR Ferritic Stainless Sheets in Asia Collapse - According to a source, prices of cold-rolled (CR) ferritic stainless steel sheets are on downward trend in the Asian region. - more

    Influence Indonesian Export Ban on Nickel Price Short-Lived - At the start of 2014 Indonesia introduced its long-planned export ban on raw mineral ores in a bid to strengthen the domestic economy by reducing its dependence on raw commodity exports and instead forcing miners to process their raw ores domestically before exporting is allowed. - more

    The International Stainless Steel Forum (ISSF) has launched a number of new publications during the organisation’s 19th conference (ISSF-19) which is being held in Hong Kong on 20 and 21 May. - The following brochures were published during ISSF-19: - more

    Courtesy AISI - In the week ending May 23, 2015, domestic raw steel production was 1,732,000 net tons while the capability utilization rate was 73.3 percent. Production was 1,860,000 net tons in the week ending May 23, 2014 while the capability utilization then was 77.3 percent. The current week production represents a 6.9 percent decrease from the same period in the previous year. Production for the week ending May 23, 2015 is up 1.6 percent from the previous week ending May 16, 2015 when production was 1,705,000 net tons and the rate of capability utilization was 72.1 percent.

  Morning Nickel Price Statistics & Figures

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

Tuesday, May 26

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $5.80/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.06/lb lower, with other London traded base metals trading mostly lower as well. Stockpiles of nickel stored in LME approved warehouses rose by fifth consecutive session, and by a second staggering figure. Stockpiles grew by 8,922 tonnes on Thursday, and another 8,010 tonnes on Friday. Since our last entry on Thursday, stockpiles have grown by 16,932 tonnes and today's new record high reading stands at 463,800 tonnes. Shanghai Metals Market reports nickel ore stockpiles at major Chinese ports rose for a third consecutive week last week, and are now back to where they were the last week of February. Nickel made an early run at technical resistance of $5.89/lb this morning, but was unable to hold. Nickel is feeling the pressure of a stronger US Dollar today as the market begins to bet Greece will not be able to make its debt repayment next month, with the Euro trading lower. Australia's Mincor is threatening to cut output if the price continues to trade at current prices. US stainless steel producers have raised surcharges for June purchases (here).  
  • Average price of cash nickel so far this month - $6.23/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper steady as strong dollar offsets China demand prospects - more

  Reports

  • Oryx Stainless - The mandate to lead also carries the duty to lead - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • (MF) China’s Taigang Stainless hikes stainless export prices for May
  • Euro Traders Shed Last Bit of Optimism From Greek February Deal - more
  • Manufacturing Business Outlook Survey - more

    BIR CONVENTION: Raising the floor - Although stainless steel scrap prices have languished, conditions may soon be in place to produce a modest rally. - more

    China Nickel Imports and Exports Data April 2015 - The General Administration of China Customs released data of China's April imports and exports of nickel on May.22 (Unit: mt)  - more

    Australia's Mincor warns of output cut unless nickel price turns - Shares in Australia's Mincor Resources dropped more than 3 percent to a three-week low on Tuesday after the nickel miner said it was considering production cuts due to persistent low prices for the steel-making metal. - more

    Commodity Watch: Influence Indonesian Export Ban on Nickel Price Short-Lived - At the start of 2014 Indonesia introduced its long-planned export ban on raw mineral ores in a bid to strengthen the domestic economy by reducing its dependence on raw commodity exports and instead forcing miners to process their raw ores domestically before exporting is allowed - more

    Nickel may be dazzling but the Bollie’s still on ice - Independence chief Peter Bradford leaves no room for ambiguity when it comes to the goldminer’s motivation for its $2.7 billion pitch to nickel dazzler Sirius. - more

  • WA miners in $1.8 billion takeover deal - more

    April 2015 crude steel production - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes (Mt) in April 2015, a -1.7% decrease compared to April 2014. - 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, May 21

    Markets in the US are closed on Monday for Memorial Day, and we will be traveling on Friday. Our next update will be on Tuesday, the 26th. Have a safe and relaxing weekend.

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

  • Three month nickel closed Wednesday's trading session at $5.93/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME approved warehouses gained just slightly on Wednesday, but any addition when you are already at record levels, establishes a new record high. Today we started with 446,868 tonnes. The Euro is higher this morning, which gives metals a boost, but initial PMI numbers that have been released, are less than encouraging, which is putting negative pressure on metals. Market news is generally quiet as the US readies itself for a long holiday weekend.
  • Average price of cash nickel so far this month - $6.29/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 - Weak dollar, China hopes push copper up off 3-week low - more

  Reports

  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
  • Macquarie metals analyst Vivienne Lloyd  - "You are beginning to see nickel pig iron production coming down and a stabilisation in ore prices, if not a lift, but we need stronger signals that raw material constraints have arrived....We need to see nickel ore prices ticking up in China, that's what traders and funds are looking for."

    LME working on linking with commodity exchanges in China, but process not simple - The London Metal Exchange (LME) is in detailed talks with mainland authorities to create direct trading links with domestic commodity exchanges that would emulate the Shanghai-Hong Kong Stock Connect. - 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, May 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $5.88/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to a new record hih on Tuesday and now total 446,640 tonnes. The Euro is again down on fears Greece may not meet its IMF loan payment, and this is dragging down metals. For the first time since late April, nickel is trading below its 20 and 50 day moving average, and has fallen thru support levels.  
  • Average price of cash nickel so far this month - $6.32/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 hits one-month low amid record stocks, demand doubts - more

  Reports

  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
  • Sherritt Reports Fatality at the Ambatovy Joint Venture - more
  • Mwana Africa - Chinese shareholder ups stake - more
  • Euro slides as Greek IMF repayment in doubt - more

    Deficit, surplus or balance: What are the real fundamentals of the global nickel market? - Global nickel market fundamentals have been troubling analysts recently with the market constantly forecast to be about to enter a significant deficit. - more

    Indonesia aims 11.8m tonnes processed nickel output in 2015 - Indonesia's Energy and Mineral Resources (ESDM) Ministry is hoping the country will produce up to 11.8 million tonnes of domestically processed nickel ore in 2015. - more

    LME says develops improved warehouse receipt system - The London Metal Exchange said it has developed a new warehouse receipt system with a partner, which it intends to roll out globally and that could help advance its long held ambition to open warehouses in mainland China. - more

    Regency Mines Inks Collaborative Nickel Development Deal In Australia - Regency Mines PLC Wednesday said it has reached agreements with the holders of adjacent nickel tenements to the company's Munglinup tenements in Western Australia to consolidate the area and develop it together. - more

    Courtesy AISI - In the week ending May 16, 2015, domestic raw steel production was 1,705,000 net tons while the capability utilization rate was 72.1 percent. Production was 1,860,000 net tons in the week ending May 16, 2014 while the capability utilization then was 77.3 percent. The current week production represents a 8.3 percent decrease from the same period in the previous year. Production for the week ending May 16, 2015 is up 2.4 percent from the previous week ending May 9, 2015 when production was 1,665,000 net tons and the rate of capability utilization was 70.4 percent.

  Morning Nickel Price Statistics & Figures

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

Tuesday, May 19

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $6.22/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.14/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to a new record high on Monday, and now total 444,936 tonnes. The Euro began trading lower yesterday, and base metals are feeling the negative pressure, especially nickel. Norilsk's comment that the turn around in the supply surplus would end over the 'next couple of years' isn't' helping build confidence in nickel either. Everyone has an opinion on when the current surplus situation in nickel production will come to an end, and so far, all of these forecasts have been wrong. Eventually, the surplus will end, as they always do. When, and how severe it might be, has yet to happen, and shows no real evidence of happening anytime soon.  
  • Average price of cash nickel so far this month - $6.35/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 slides after inventories hit record, copper at 2-week low - more

  Reports

  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
  • (MF) Russia’s stainless steel exports plunge in Jan-Apr
  • (SSY) EU steel exports rose to a five-month high of 2.5 Mt in March, up 8% year-on-year, according to data from Eurofer, the European Steel Association. Exports in the 1q15 totalled 6.5 Mt, up 1% on the same period in 2014.
  • BHP Billiton warns against inquiry in iron ore industry by Australia would turn off China - more

    LME nickel inventories at 'turning point': Norilsk Nickel - Russian metal producer Norilsk Nickel said Monday it expects high LME nickel inventories to be at a 'turning point' with a likely decrease in the near term. - more

    World's Biggest Nickel Producer Sees Prices Up on Chinese Demand - The world's biggest nickel producer, Norilsk Nickel, sees nickel prices moving off six-year-lows on the back of strong Chinese demand, the company's deputy chief executive, Pavel Fedorov, said on Monday. - more

    Sumitomo Metal to buy 79 per cent nickel ore from New Caledonia in 2015 -  Sumitomo Metal Mining Co, Japan's No. 2 ferronickel smelter, plans to procure 79 percent of nickel ore from New Caledonia and the rest from Philippines in the fiscal year to March 2016, its President Yoshiaki Nakazato said on Tuesday. - more

    LME launches LMEapp in Chinese - The London Metal Exchange (LME) has launched a Chinese language version of the LMEapp, the exchange’s smartphone application providing metals data and tools. - more

    Bloomberg: Russia's richest billionaire says sanctions impact waning  - Vladimir Potanin, who heads Russia's biggest miner, says international investors are coming back to the country - more

  • Why China Holds the Key to the Nickel Market - video here

    Nickel Compounds explained in new publication from the Nickel Institute - The Nickel Institute has published Nickel Compounds - the inside story, a free 16-page guide to nickel compounds written for non-specialists by industry experts. - more

  Morning Nickel Price Statistics & Figures

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

Monday, May 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $6.29/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.03/lb higher, with other London traded base metals trading lower. Stockpiles of nickel stored in LME approved warehouses fell on Friday and ended last week just over the 443,600 tonne level. We don't expect much from nickel this week, unless Greece comes to some sort of agreement with creditors. As the nation threatens a possible default again, we see the Euro suffering, which puts negative pressure on base metal prices. We are already seeing this today, although nickel is showing some resilience.    
  • Average price of cash nickel so far this month - $6.36/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)
  • Bloomberg metals morning -
  • Reuters metals morning - Copper dips on dollar strength, demand expectations cap losses - more

  Reports

  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
  • (SMM) Jinchuan Group cut ex-works prices of nickel to 108,000 per tonne on May 18, Shanghai Metals Market learns.The price was down 1,500 yuan from the 109,500 yuan mark on May 13.
  • (CRU) CRU's Molybdenum Monitor, published Friday 15th May 2015, reports that Molybdenum prices continued to fall in April, further squeezing conversion margins. CRU Consultant Mireille Botros writes "this is largely attributed to the general oversupply of FeMo units that are dragging down prices."
  • (CRU)  CRU's Nickel Monitor, published Friday 15th May 2015, reports that prices have lost some of its recent gains to trade back below the $14,000/t. CRU Consultant Nikhil Shah writes "the rally in LME nickel prices was driven more by short-covering than any improvement in the fundamental picture and thus prices have lost some of its upward momentum".
  • (CRU) CRU's Chrome Monitor, published Friday 15th May 2015, reports that Chinese ferrochrome supply, which has been constrained, is starting to rise again. CRU consultant Mark Beveridge writes "at the same time, output in South Africa has been strong so far this year and CRU understands producers have been willing of late to cut export prices to China."
  • Widodo Taps Regional Commodities to Attract Investors - more
  • Greece Remains Defiant as It Seeks Creditor Deal This Week - more

    The metal that brought you cheap flights - It made the age of cheap foreign holidays possible, and for years it was what made margarine spreadable. Nickel may not be the flashiest metal but modern life would be very different without it. - more

    2014 Ni Production and Sales volumes by Sumitomo Metal Mining = Production is 80,471 tons, up by 12% from prior year = On May 12, Sumitomo Metal Mining Co., Ltd. announced its consolidated settlement of accounts in the fiscal year 2014 (from 1 April 2014 to 31 March 2015). - more

    Norilsk Nickel to focus on the development of deposit with metal reserves for $1 trillion - Norilsk Nickel, one of the world's largest producers of nickel, palladium, platinum and copper, will focus on the development of existing Talnakh deposit in the Taymyr Peninsula with metal reserves estimated at $881mln. - more

  • Russia's VTB bank offers $1 bln credit line to Norilsk  - more

  Morning Nickel Price Statistics & Figures

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

Friday, May 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.28/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.03/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel rose for a third day on Thursday and now total just over the 444,300 tonne level. Nickel's sideway pattern continues with little news to add positive momentum. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.38/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 on worries about demand, firmer dollar - more

  Reports

  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
  • (Reuters) Rising production costs will put a floor under nickel prices, but expectations of significant gains this year are likely to be thwarted by lacklustre demand from China's stainless steel mills and high inventories.Nickel production costs in top consumer China have been climbing since April due to higher energy prices, while the dollar's losses since mid-April have also raised costs of raw materials for smelters.
  • Indonesia trade surplus shrinks in April on lower commodity prices - more
  • U.S. confirms duties on imported steel nails - more

    The Driver Behind the Nickel Bull - There’s no doubt that I’m bullish nickel… A large part of my N3 Eclipse report focussed on rising geopolitical conflict. - more

    April Results Mirror February - U.S. shipments of steel products decreased year over year in April and aluminum shipments were essentially flat. - more

    US Nickel scrap exports rebound in March - The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports increased sharply by 24.9% in March this year when compared with the previous month. However, the average export price of nickel scrap declined in comparison with the previous month. - more

    $40m sought for Munali Nickel - United Kingdom-based Consolidated Nickel Mines plans to raise US$40 million on the Toronto Stock Exchange to resume operations at Munali Nickel Mine project in Southern Province. - 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, May 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.35/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 on Wednesday and now total just over the 443,350 tonne level. Nickel is continuing its sideways rangebound trading that we have experienced during May. The Euro continue to climb from its recent mid April dip and this adds positive momentum to base metals trading.
  • Average price of cash nickel so far this month - $6.39/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 falls as inventories rise, after slide in Shanghai futures - more

  Reports

  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
  • (SSY) China's crude steel output fell 0.7% year-on-year in April to 68.9 Mt, according to National Bureau of Statistics data. In the first four months of 2015 Chinese steel output was down 1.3% on the same period in 2014, at 270.1 Mt.

    Sumitomo Metal sees nickel market swinging into deficit in 2015 - Sumitomo Metal Mining Co, Japan's biggest nickel smelter, expects nickel supplies to swing into a deficit of 5,000 tonnes in 2015, the first shortfall in five years, due to lower output of nickel pig iron (NPI) by China. - more

    Nickel Smelting and Refining: A Long Road Ahead for Indonesia - When Indonesia placed export restrictions on nickel ore early last year, the plan was to encourage the country’s mining firms to develop their own smelting and processing facilities so that Indonesia could export refined ores and concentrates, which are worth more in the market than raw ones. - more

    Glencore, Barrick set to sell Tanzanian nickel project - Resources titans, Glencore and Barrick Gold are poised to dispose of their joint nickel expansion scheme in Tanzania, one of east Africa’s fastest-growing economies. - more

    Sherritt brings discipline to the business - At its annual general meeting in Toronto today, Sherritt International Corp. Chairman Harold (Hap) Stephen dismissed criticisms from a disgruntled shareholder about the nickel producer’s languishing share price and claims that management “needed new blood.” - more

    Russia Stainless Steel Imports fell 27.1% - According to Spetsstal’s appraisal, imports of stainless steel to Russia in the first quarter of 2015, if compared to the same period of 2014, fell 21.4% to 44,198 tons. - more

    China steel consumption likely to fall six percent this year - CISA - China's steel consumption will likely fall 6 percent this year, an industry official from the country said on Thursday, underlining how a slowdown in the world's No. 2 economy will continue to hurt industrial demand. - more

    Charles Li Direct - LME Week Asia is right around the corner, so I want to turn my attention to our commodities business. - 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, May 13

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $6.49/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.09/lb lower, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME approved warehouses rose on Monday and now total just shy of the 441,050 tonne level. Nickel has entered another one of those sideways zones as traders try to determine where the next trend will take pricing. Technically speaking, nickel received a positive signal late last, and early this week. Fundamentally, one really has to squint their eyes and cross them, to create a situation where the excess supply of nickel does not matter.
  • Average price of cash nickel so far this month - $6.40/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper falls on weak China data, stimulus prospects limit losses - more

  Reports

  • Small Business Economic Trends - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • Nickel Compounds – the inside story - pdf here
  • Global Industrial Fastener Demand to Reach US$104 Billion in 2020 - more

    Nickel Continues To Rebound As Analysts Remain Hopeful For Bull Market - Despite sliding slightly in the past two days, nickel remains a major player in the commodities market after China cut interest rates for the third time in six months following a decrease in the nation's imports and exports. The metal climbed as much as 2.4 percent last week before falling by 1.5 percent this week. - more

    Outlook for new steel orders weakens - The outlook for new steel orders in China in May weakened from April despite hopes of higher prices for flat steel products, according to the latest survey by global metals information provider Platts. - more

    Base metals likely to trade mixed in May: Angel - For May’15, base metal prices are likely to trade mixed as consistent weak economic data from China along with rising expectations of delay in interest rate hike by the US will be supportive, the latest report by Angel Commodities said. - more

    Mirabela Nickel Limited - Plant & Port Update - Mirabela Nickel Limited advises that on 12 May 2015 Mirabela's Brazilian subsidiary Mirabela Mineração do Brasil Ltda (Mirabela Brazil) received notice from the Ministry of Labour that the stop work order in respect of the operation of the plant at the Santa Rita Mine was lifted. Plant operations have now returned to normal. - more

    Sirius close to second nickel supply pact - Australia's Sirius Resources is close to reaching a commercial agreement to supply up to 13 000 tons of nickel concentrate annually from a nickel and copper mine under development in Western Australia state.  - more

    23 mining firm staff seized in Surigao - Twenty heavily armed Bagani tribesmen held 23 employees of a mining firm hostage in Barangay Babuyan, Carrascal, Surigao del Sur Monday. - more

    Mining Companies in Philippines Face Many Travails - The island’s name means “gold mine” in Spanish, but it was nickel that was ultimately found in the mountains of Mindoro two decades ago. - more

  • Mining and Modernity in Isolated Philippine Community - On the island of Mindoro in the Philippines, a tribe contemplates the impact a proposed nickel mine will have on its way of life. - video

  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, May 12

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $6.47/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. Stockpiles of nickel stored in LME approved warehouses fell sharply on Monday and now total just over the 440,000 tonne level. Nickel closed above the $6.44/lb level for a second consecutive day yesterday, which sends a bullish technical signal. This follows a negative technical signal last week. The Euro is up sharply this morning, and nickel has yet to benefit from this, while other base metals are. The traded price of nickel is about to where it was trading in early March, and is only $1000 per tonne from a new high for the year.  
  • Average price of cash nickel so far this month - $6.40/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Bloomberg metals morning - Nickel Slides Second Day Before China Industrial Output Data - more
  • Reuters metals morning - London copper firms as dollar descends from highs - more

  Reports

  • Nickel Analysis and Forecast Q2 2015 - more
  • Damstahl Stainless Steel Report - May 2015 - pdf here
  • Metals supported by weaker dollar, stronger oil - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • (SMM) Inbound shipments of Philippine’s nickel ore to the Port of Yangjiang in Guangdong province totaled 703,000 tonnes in April, up 12-fold month-on-month, southcn.com reported.
  • (SSY) Daily crude steel output at China Iron and Steel Association member mills rose to its highest level since early October 2014 in the last 10 days of April at 1.790 Mt, according to data from the industry association published by SteelFirst. This compares with 1.723 Mt/day in the period 11-20 April.
  • BHP cuts production costs in response to metal price dive - more
  • El Niño in the tropical Pacific - more

    Nickel overshadows European stainless steel market dynamics: Damstahl - Market dynamics in the European stainless steel market are "overshadowed by weak nickel prices but with longer delivery times as a positive sign," German stainless distributor Damstahl said Monday in its latest market report.- more

    Platts China Steel Sentiment Index Dipped in May - The outlook for new steel orders in China over May weakened from April despite expectations of higher prices for flat steel products, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 68.2 out of a possible 100 points in May. - more

    Courtesy AISI - In the week ending May 9, 2015, domestic raw steel production was 1,665,000 net tons while the capability utilization rate was 70.4 percent. Production was 1,860,000 net tons in the week ending May 9, 2014 while the capability utilization then was 77.3 percent. The current week production represents a 10.5 percent decrease from the same period in the previous year. Production for the week ending May 9, 2015 is down 2.7 percent from the previous week ending May 2, 2015 when production was 1,712,000 net tons and the rate of capability utilization was 72.4 percent.

  Morning Nickel Price Statistics & Figures

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

Monday, May 11

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $6.50/lb . Indicators at 6:30 am CST today show 3 month nickel trading flat, with other London traded base metals trading mostly lower. Stockpiles of nickel stored in LME licensed warehouses rose on Friday and started this week just over the 442,800 tonne level. In an unusual twist, SMM is reporting stockpiles of nickel ore at five major Chinese ports actually rose last week by 200,000, to total 10.65 million tonnes. China dropped its interest rate for the third time in six months over the weekend, in hopes of kick starting the sputtering Chinese economy. The Euro is down as Greece debt talks ramp up, and the US Dollar is up on strong employment numbers. Nickel closed over resistance on Friday and another close above $6.44/lb today could signal further price increases. This is only a technical signal and last weeks signal has so far failed to materialize.
  • Average price of cash nickel so far this month - $6.38/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)
  • Bloomberg metals morning - Nickel Gains for Third Day as China Delivers Stimulus Support - more
  • Reuters metals morning - Copper firm on China rate cut, more support expected - more

  Reports

  • Commodity prices from the May 2015 issue - pdf here
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • (SMM) Jinchuan Group raised ex-works prices of nickel to 110,000 per tonne on May 8, Shanghai Metals Market learns.
  • Sierra Rutile Hires Norilsk Nickel's Australia Boss As Operating Chief - more

    Asia’s Stalling Exports Make the Case for Stimulus - A slew of recent data across Asia is underlining how one of the world’s major economic engines is sputtering, raising the likelihood of further interest rate cuts and public spending to support growth. - more

    Market Trend of Import of Ferroalloy as of 30 April 2015 = Manganese metal marks new record low since 2006 = The market trend of import of ferroalloy as of 30 April 2015 is as follows. - more

    China's Jiuquan Steel chairman under investigation for disciplinary violations - The chairman of state-owned Jiuquan Iron & Steel Group is being probed for "serious disciplinary violations", China's corruption watchdog said, in further evidence that the government has intensified its crackdown on graft in the sector. - more

  Morning Nickel Price Statistics & Figures

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

Friday, May 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.42/lb . Indicators at 6:30 am CST today show 3 month nickel trading flat, with other London traded base metals trading quietly as well. Stockpiles of nickel stored in LME approved warehouses fell for a fifth consecutive session and now total just under the 441,200 tonne level. Nickel opened bullishly, up $.12/lb at one point earlier in the trading session, but have since lost momentum. The line of resistance at $6.44/lb is still holding, but the bulls aren't done testing it. This is risky because continuous failures could trigger a sell signal, with a steep drop in prices following. Andy Home from Reuters has an interesting read below. And a Happy Birthday to North American Stainless! Another week goes into the history books and we start clean on Monday. Have a safe and relaxing weekend.   
  • Average price of cash nickel so far this month - $6.40/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - -Copper firm on China imports data - more

  Reports

  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
  • U.S. Fastener Imports and Exports Both Jump in March - more

    Nickel bulls' focus on LME stocks a risky strategy: Andy Home - For the nickel market, it's a case of once bitten, twice shy. Analysts are finding ever more evidence that the Indonesian ban on nickel ore exports introduced at the start of 2014 is finally starting to impact China's massive nickel pig iron (NPI) sector. - more

    Shanghai Exchange Seeks Foreign Nickel to Help Ease Shortage - The Shanghai Futures Exchange plans to allow delivery of foreign-made nickel into its futures contracts as it seeks relief from a shortage of domestic supply to the bourse. - more

    Metal Traders See Silver Lining In China Trade Data - China’s weak trade data is likely to prompt the government to introduce economic stimulus measures that may support demand for most industrial metals and other commodities, analysts said Friday. - more

    Nickel Stocks Offer the Biggest Potential Profits in 2015 - The 21st century will see emerging markets dominate the world. Incredibly, emerging markets already contribute half of the world’s GDP — a portion which will only increase. - more

    March 2015 Steel Exports - Steel exports inched up in March, as the North American neighbors of the United States increased their purchases of American steel and the European Union nations cut back on theirs. - more

    NAS Celebrates 25 Years - North American Stainless (Acerinox Group) celebrated its 25 years in the US stainless steel market with festivities at its Ghent, Kentucky mill on May 5 and 6. - more

    New Allegheny Technologies plant project is rolling along - Allegheny Technologies Inc. on Thursday provided the first look inside its new hot-rolling mill in Harrison, touting the state-of-the-art steel processing facility as a long-term commitment to the region that will allow the company to broaden its markets and better compete with domestic and foreign steel producers. - 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, May 7

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.34/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.05/lb higher, with other London traded base metals trading mixed. Stockpiles of nickel stored in LME approved warehouses fell for a fourth consecutive sessions and now total just under the 442,450 tonne level. Resistance at $6.44/lb held yesterday and now technically speaking, nickel's short term trend turns sideways to/or lower. That is based strictly on a technical signal. The average price of cash nickel is $.61/lb higher today than it was at the beginning of April. Stainless prices are shadowing.
  • Average price of cash nickel so far this month - $6.40/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Hopes for China stimulus help buoy copper - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • Nickel "Essentials" - more

    Fall in copper and nickel production impacts merged mining and commodity giant Glencore - Mining and commodity trading giant Glencore disappointed investors today with a weaker than expected first quarter update as copper and nickel production fell below expectations. - more

    Norilsk Nickel Jumps on Metal Price Outlook as Russia ADRs Gain - OAO GMK Norilsk Nickel rallied, helping drive a gain in U.S.-traded Russian stocks, amid speculation that prices for the metal will continue their rebound from a six-year low as stockpiles fell from a record high. - more

    Sherritt Announces April Production Update on Ambatovy Nickel Operation - Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S) announced today the April 2015 operational results for the Ambatovy Joint Venture. - more

    Iron Ore Trade Boom Shows China Bid for Commodities Clout - China’s bid for greater influence over commodity prices is intensifying as record trade in its iron ore futures dwarfs its nearest rivals. - 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, May 6

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $6.46/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.06/lb higher, with other London traded base metals trading lower. Stockpiles of nickel stored in LME approved warehouses fell for a third session on Tuesday and now total just under the 444,000 tonne level. Nickel closed above resistance at $6.44/lb yesterday and another close above this point could send a technical signal of more gains to come. The recent strength in the Euro is starting to waver although the US Dollar is still faltering. Yesterday's export numbers for the US were very concerning, while Greece's financial problems will return to the headlines in the next few weeks.
  • Average price of cash nickel so far this month - $6.33/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips from peak as Chinese buying eases, tin rises - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • (SMM) Jinchuan Group Raises nickel prices for Fourth Day to 108,000 yuan

    China ferrochrome: Domestic price stays flat amid expected downward pressure - The domestic spot price of 50% Cr Chinese high-carbon ferrochrome was assessed unchanged week on week Wednesday at Yuan 6,400-Yuan 6,600/mt (equivalent to 78.8-81.3 cents/lb) including 17% VAT and delivery costs. - more

    Nickel Asia sees record 2015 sales - Nickel Asia Corp., the Philippines’ biggest nickel miner by output and sales, said it was confident of sales this year exceeding the record-high volume in 2014 as the monsoon season in the country’s south where it operates ended earlier than usual. - more

    Philippines' Agata Mining cuts May nickel ore exports due to weak prices, demand - Nickel miner Agata Mining Ventures Inc (AMVI), partly owned by Canada's TVI Pacific Inc, has cancelled three of four ore shipments due to be exported in May from its mine in the Philippines, TVI said, citing depressed prices and low demand. - more

    The journey south: South32 open to acquisitions after BHP Billiton breakaway - Newly formed mining and metals group South32 is open to acquisitions once it breaks from BHP Billiton , its CEO-elect Graham Kerr said on Wednesday. - more

    Italy amends migration rules for stainless steel cutting implements - Changes to Italy's rules on the testing conditions for measuring the migration of chromium, nickel and manganese for stainless steel dining cutting implements have been notified to the European Commission. - more

    Courtesy AISI - In the week ending May 2, 2015, domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 72.4 percent. Production was 1,841,000 net tons in the week ending May 2, 2014 while the capability utilization then was 76.6 percent. The current week production represents a 7.0 percent decrease from the same period in the previous year. Production for the week ending May 2, 2015 is up 0.3 percent from the previous week ending April 25, 2015 when production was 1,707,000 net tons and the rate of capability utilization was 72.2 percent. - 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, May 5

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $6.24/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.15/lb higher with other London traded base metals trading mostly higher, but much quieter than nickel. Stockpiles of nickel stored in LME warehouses fell for a second day on Friday, and now total just over the 444,000 tonne level.  Shanghai Metals Markets report nickel ore inventories at five major Chinese ports fell by 200,000 tons last week, and now total 10.45 million tons. This is down from 13.65 million tons that was reported on January 2nd of this year, and 15.24 million tons reported six months ago today. LME stockpiles, on the other hand, are about 70% higher than they were in January 2014, when Indonesia began their ore ban. The Cerro Matoso strike has ended, so the media is trying to figure out what is to blame for the continuing increase in nickel prices. Long time market traders will tell you to follow the trend, which for nickel, has turned positive for the short term. In our opinion the most immediate threat to higher nickel prices would be the return of Greece's financial problems to the headlines, which in turn could hurt the Euro, making nickel more expensive to trade. In the mean time, the US Dollar has fallen in recent weeks against the Euro and we are seeing that in commodity prices.  
  • Average price of cash nickel so far this month - $6.24/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London nickel hits five week high, copper near four-month top - more

  Reports

  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
  • (Xinhua)  China produced less steel in the first quarter of 2015 as demand shrank amid a slowing economy and government moves to overhaul the saturated sector, new data showed on April 29. Output of crude steel slipped 1.7 percent from a year ago to 200.1 million tons in the January-March period, accounting for slightly more than half of the world's total, according to the data from the China Iron and Steel Association (CISA).
  • TVI's Philippine Affiliate JV Completes Three Shipments of Nickel Ore in April 2015 and Modifies Shipment Schedule at the Agata Nickel Laterite Project - more
  • (MW) Miners have ended a two-week long strike at the Cerro Matoso nickel mine in Colombia, after reaching agreement on a dispute that had force BHP Billiton to declare force majeure earlier this week, the company said on Friday.
  • (SMM) Jinchuan Group Raises nickel prices to 105,500 yuan on May 5
  • Indonesia Growth Slows to More Than Five-Year Low - more
  • BHP’s South32 has a big plus: China’s isn’t its chief customer, India is - more

    Base metals at four-month high on Chinese stimulus hope - Base metals hit a four-month high on Friday following seasonal demand and expectations of economic stimulus measures in the world's largest consumer, China - more

    Promising signs for most grades - The nonferrous market in Europe may be finding some solid footing, which could be good news for overall health of most nonferrous metals markets there.- more

    Philippine Nickel is Abundant but Never Sufficient - For economic analyst Alexander Davis, there’s no reason to doubt that the Philippines, now the largest producer and supplier of laterite nickel ore in the world, will fail to meet the growing demand coming from China. - more

    Glencore Production Up On Year, But Parts Down On Quarter - Glencore PLC Tuesday said production grew year-on-year across all of its commodities in the first quarter of 2015 apart from lead, but some segments saw production fall from the previous quarter as the company experienced weaker commodity prices overall. - more

    Zimbabwe: 'I Want Credible Refinery Plans' - Mines and Mining Development Minister Walter Chidhakwa has demanded a credible and compact presentation on platinum miners' plans to set up a platinum refinery in the country.Minister Chidhakwa said yesterday that he was still awaiting a detailed account of the platinum refinery plans from the miners showing the amount to be invested and the dates on which they will be implemented. - more

  Morning Nickel Price Statistics & Figures

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

Friday, May 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.33/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading mostly higher. Unable to find any current LME stockpile numbers this morning, with much of the world on May Day holiday, and many in London already gone for an extended weekend. London markets will be closed Monday for a Bank Holiday. If you want to know why nickel prices are rising, in our opinion, it has far less to do with the strike in Columbia that the media would like you to believe, and for reasons far less glamorous. The headline this morning reads "Euro climbs to 2-month high". Until yesterdays spike, nickel's gains were closely shadowing the rise of the Euro against the Dollar. We will have to follow it closely for another few weeks, but we suspect the whole strike talk is more fluff than anything else. Our next update will be Tuesday when the LME returns to trading. Have a restful and relaxing weekend.
  • Average price of cash nickel so far this month - na
  • 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 eyes biggest weekly gain in more than two years - more

  Reports

  • TD Commodity Price Report - pdf here
  • Reuters Metals Insider - no report today
  • Commonwealth Daily Alert - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here
  • DNB Metals Weekly - pdf here
  • Mico Metals Weekly - pdf here  
  • Hedge Equities Commodity Report - pdf here
  • MacNicol Morning Notes - pdf here
  • Danske Weekly Focus - pdf 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
  • China manufacturing business activity improves slightly in April - more

    North American Stainless Press Release - For the month of May 2015, North American Stainless will maintain the fuel surcharge at 22% for stainless flat and long products. The surcharge rate is considered a maximum level for May and will be reviewed monthly. (source)

    LME swats a warehousing fly, but what about the tigers? Andy Home - The London Metal Exchange (LME) has fined one of its warehousing operators, CWT Commodities (Metals), 100,000 pounds ($149,000) for breaching information barriers with associated trading companies. - more

    MEPS Predicts Record Global Stainless Steel Output This Year - Worldwide total crude stainless steel output in 2014 reached an all-time high figure of nearly 41.7 million tonnes. - more

    Vale to push back possible base metal division IPO - Vale says it is delaying the timeline of a possible IPO of its base metals division after an expected rebound in nickel prices failed to materialize. - more

    Two hurt in New Caledonia nickel plant accident - Reports from New Caledonia say two workers have been taken to hospital after an accident at the Vale nickel plant. - more

  Morning Nickel Price Statistics & Figures

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

Thursday, April 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $6.12/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.15/lb higher, with other London treaded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses rose to its fifth consecutive all time record high on Wednesday and now total 444,756 tonnes. And yet again, the media claims 'supply concerns' account for the sudden rise in nickel prices. And maybe, just maybe, this incessant whine that the world is starting to use more nickel than it produces will come true, but that hasn't proven true yet since Chicken Little started proclaiming it over a year ago. But hey, even a stopped clock gets it right eventually. The London Metal Exchange is closed on Monday for Early Bank Holiday, and China markets are closed tomorrow for May Day celebrations. Ahead of a long weekend for most, we are seeing traders playing the short term trend and betting prices will be higher when they return from their break. We will see if their gamble pays off. Look to $6.44/lb for strong resistance.
  • 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
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Nickel jumps on supply concerns; physical market still damp - more

  Reports

  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
  • (SSY) Daily crude steel output at China Iron and Steel Association member mills rose to its highest level since late February at 1.72 Mt in the period 11-20 April, according to data from the industry association reported by SteelFirst. This is up from 1.70 Mt/day in the preceding ten days but compares to 1.75 Mt/day for the same period in 2014.
  • Norilsk press release - pdf here

    Stainless steel business remains sluggish - Global: In line with a softer nickel market over recent weeks, 304 stainless steel scrap prices have slid from US$ 1340-1390 per tonne in late March to US$ 1280-1330 a month later while 316 values have suffered under the influence of molybdenum weakness and have dropped over the same time period from US$ 1800-1850 to US$ 1700-1750. - more

    Indonesia nickel smelters to see slow growth -Macquarie - Indonesia's ban on nickel ore exports is stimulating investment in processing plants, but this will be a slow process over the next decade, a senior analyst told a conference on Wednesday. - more

    China's molybdenum mining tax reform on May 1 unlikely to spur surge in exports - China's molybdenum producers are unlikely to immediately flock back to the export market next month following the roll-out of a new tax regime on May 1, as domestic prices are still higher than international levels, market sources said Wednesday. - more

    New Caledonia President Accused Of Lying About Mine Debt - There has been a sharp rebuke for New Caledonia's president, Philippe Germain, from his predecessor over alleged concessions for the SMSP mining company, which belongs to the mainly Kanak northern province. - more

    World’s top nickel producer can’t mine enough to satisfy China - The Philippines might fail to satisfy China’s nickel ore demand, which could push up refined metal prices more than 15%  - more

    Nickel miner First Quantum Minerals slashes jobs in Ravensthorpe - A nickel mining company in Western Australia's south has laid off 31 workers in response to the low price for the mineral. - more

    Vale Earnings Fall to Six-Year Low as China Steel Boom Fades - Vale SA earnings excluding items slumped to the lowest since 2009, in line with estimates, as the world’s largest iron-ore producer faces shrinking Chinese steel demand. - more

    Vale's Production Volumes of Mn Ore, FA, Ni and Co in Jan-Mar = When compared with year-earlier period, Mn ore, Ni and Co are up and FA is down = On April 22, Vale S. A., a major resource company in Brazil announced its production volumes of manganese ore, ferroalloys, nickel and cobalt in the period from January to March in 2015. - 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

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