This
page is archived news covering the period of September 2012
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Free comprehensive information on worldwide nickel market pricing, stainless steel
prices and metals analysis and forecasts
Friday, September 28
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$8.32/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.10/lb
higher, with all London
traded base metals trading higher this morning. Stockpiles of nickel stored
in LME approved warehouses fell on Thursday and now total just over 122,250
tonnes. European equity markets opened higher this morning but have slipped
into negative territory since. Nickel opened higher and has done little since.
China is closed next week for holiday so the first week of the final quarter
of 2012 may see a calming in the recent trading volatility. Then again, the
major LME players don't make money unless the price goes up or down, so we
will have to see what happens.
Goldman sees China's growth slowing to 7 percent for next decade -
more
China industrial profits decline further in Aug -
more
World Economic Outlook -- Analytical Chapters -
more
China Cr Ore
Imports Up - August 2012 = Up 4% from July to 937,472 tons, the third highest
monthly record = According to China's customs statistics, details of the
imports of chrome ore in August 2012 as well as during the eight months (January
- August) of 2012 are as per the table attached hereto. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Thursday, September 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$8.19/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.10/lb
higher, with all London
traded base metals trading higher this morning. Stockpiles of nickel stored
in LME warehouses slipped on Wednesday and now total just over 122,250 tonnes.
Spain is expected to announce new austerity measures today, Greece has reportedly
agreed to more, Italy sold long term debt at its lowest level since March,
and the US awaits numerous economic reports today. Equity and metals markets
are trading higher this morning as volatility continues. Markets may calm
a little next week as China takes a week long holiday break.
2012 map of China steel mills now available -
more
Norilsk picks Singapore as Asia trading hub -
more
(SSY) The latest SteelBenchmarker from World Steel Dynamics shows 6% gain
in the Chinese Hot Rolled Band (HRB) price to a 6-week high of $475/t. Elsewhere
the HRB price in EU rose 4% during the same period to a 3-month high of $625/t
and the US price declined 5% to a 2-month low of $692/t.
(Reuters) China's average daily crude steel output fell 2.01 percent to 1.857
million tonnes between Sept 11-20 from the preceding 10 days, data from the
China Iron & Steel Association (CISA) showed on Wednesday, as steel mills
trimmed output amid poor demand.
(MF) According to statistics released by the customs, China exported 113,802
tons of stainless flat products including hot rolled and cold rolled products
in August, rising by 9.4% from a month earlier while falling by 30 % year
on year.
AMM notable quote - Marcegaglia USA Inc. president David Cornelius at the
26th annual 'Stainless & Its Alloys Conference' in Chicago 2012 - "A
decade ago, nickel prices were primarily determined by supply and demand.
Today, we have investors buying and selling nickel as you would any other
commodity. As a result, the pricing is at times not reflective of the underlying
fundamentals but driven by speculation of brokerage houses."
China steelmaker,
miners cut output as slowdown bites - China's steel market, the world's biggest,
is feeling the pinch of a slowing economy that has sapped demand for new
ships and construction work. Its largest listed steelmaker has halted output
at a 3 million tonnes-a-year plant, and over a third of the country's iron
ore mines stand idle. -
more
S.African
mine labour strife halts slide in chrome - The impact of South African mine
labour unrest has spread beyond precious metals to UG2 chrome ore, a by product
of platinum and key ingredient in stainless steel, with output cuts putting
a floor under prices after four months of decline. -
more
Serbians
Unite Against Nickel Extraction - A popular Serbian proverb quips that when
it comes to politics there are as many opinions as there are people in this
central European country of seven million. -
more
Japan Crude
Stainless Steel Production Rise Continues - July 2012 = 311,295 tons in a
continued steady rise from the drop in May = Crude stainless steel production
in July 2012 by the 7 major Japanese stainless steel mills was 311,295 tons,
up 5.0% from 296,377 tons recorded in June. -
more
Colombia
to renegotiate terms of BHP's Cerro Matoso mine - Colombia will renegotiate
out-dated contract terms including royalty payments for BHP Billiton's Cerro
Matoso nickel mine in a bid to get a better deal for the Andean nation,
government officials and a tribunal said on Wednesday. -
more
Russia's
Norilsk Nickel sees African opportunity - Russia's Norilsk Nickel, the world's
largest nickel and palladium miner, is taking its push to boost reserves
to Africa, where it is considering deals and the acquisition of copper, nickel
and platinum licenses, its CEO said on Wednesday. -
more
Intex
Mulls Mindoro Nickel Refinery - With the way its mining plan is configured,
a nickel refinery plant could well be a part of Norwegian-based mining company,
Intex Resources ASA’s grand plan. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Wednesday, September 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$8.34/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.13/lb
lower, with all London
traded base metals trading lower this morning. Stockpiles of nickel stored
in LME approved warehouse so no change on Tuesday. US Federal Reserve member
Charles Plosser said yesterday that quantitative easing measures may not
help the U.S. economy grow and this news helped turn US markets south. Along
with European economic concerns that are growing again, world markets have
soured today. The Euro is trading at a two week low and this is putting pressure
on metals traders. In our opinion, metals trading remains in overbought territory
and is overdue for a correction. Whether that happens or not, it is obvious
that nickel traders have awoke and volatility has returned.
Mechel may sell 25% of mining arm to speed Elga coal development -
more
Xstrata
to shutter Australian nickel mine due to low prices, high A$ - Global miner
Xstrata said it is suspending operations at its Cosmos nickel mine in Western
Australia due to prolonged weak prices for the metal and a strong Australian
dollar, cutting around 150 jobs. -
more
Number
1 Global Steel Maker In The Works - And Nobody's Looking? - So, there's a
new global leader in stainless steel in the making. Yet all this seems to
have gone unnoticed at Seeking Alpha. -
more
Puzzlement
Is Felt In Negotiations On Austenitic CR Stainless Sheets Against Ni Price
Up - The LME nickel (Ni) price has risen to the level of $8 per pound since
the latter half of last week, and both a seller and buyer look puzzled as
it reached the mark all at once. -
more
Nickel ore
imports sturdy in August - GAC - China’s imports of nickel ore and
concentrate remained strong in August and analysts expect similarly healthy
volumes in coming months on the back of restocking, with ore prices the lowest
since early 2010 and prices for the finished metal on the rise. -
more
ThyssenKrupp
Materials will build $13 million facility in Woodstock, Alabama - ThyssenKrupp
Materials North America Inc. said today that it will invest $13 million to
build a materials processing and distribution center in Woodstock, Ala. -
more
China Ferroalloy
Production By Division - August 2012 = Up 7.3% from July thanks to the
sharp increases in Inner Mongolia, Shandong and Yunnan = Production of
ferroalloys by division (province, region and municipality) in China in the
single month of August 2012 as well as during the first eight months (January
through August) of 2012 are as per the table attached hereto. -
more
CIF import
premiums up on pre-holiday inquiries - Chinese import premiums of London
Metal Exchange-registered brands of copper cathode on a CFR basis gained
amid a pickup in inquiries mainly from market participants in China ahead
of the holidays next week, industry sources said Wednesday. -
more
Coppermoly:
Favourable metal recovery - Queensland-based copper explorer Coppermoly Ltd
yesterday announced favourable metallurgical tests of samples taken from
drill core at its Nakru-1 copper-gold-silver project on New Britain Island.
-
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Tuesday, September 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$8.15/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.15/lb
higher, with all London
traded base metals trading higher this morning. Stockpiles of nickel stored
in LME approved warehouses slipped slightly on Monday and now sits just under
the 122,450 tonnes. Chinese markets will be closed next week for a holiday
and news that at least one province is stockpiling metals has base metal
markets trading higher this morning. Equity markets are mostly quiet and
mixed this morning, after Asian markets ended lower. INteresting article
below from the Wall Street Journal announcing the popularity of stainless
steel appliances may be coming to an end.
Stainless
steel production for first half of 2012 - Preliminary figures released by
the International Stainless Steel Forum (ISSF) show that stainless steel
crude steel production has been stable in the first half of 2012 with a slight
decrease of just 0.2% compared to the same period of 2011. -
more
Chinese Stainless
Steel Prices May Rebound In October - Accordingly, the Chinese stainless
steel prices finally rebound for October with the increases of CNY 1,000
per tonne on cold drawn stainless steel round bar and CNY 300 per tonne on
stainless hot rolled coils in domestic market, according to Taiyuan Iron
& Steel Group, the largest stainless producer in China. -
more
China's Yunnan
province to stockpile 300,000T of metals-sources - China's Yunnan province
will stockpile 300,000 tonnes of industrial metals from local producers,
sources at two smelters that received government notices said on Monday,
a move aimed at helping smelters ride out tough economic times. -
more
FeCr Q4 European
Benchmark Negotiations To Start Next Week = Price cut inevitable due to decline
of spot prices = Negotiations for the benchmark price applicable to the South
African Charge Chrome shipped to Europe during the fourth quarter (October
- December) of 2012 are scheduled to start next week. -
more
After
Stainless, Now What? - Major manufacturers are placing bets on different
potential successors to the shiny, upscale appliance finish, which surprised
everyone with its resilience -
more
Courtesy AISI
- In the week ending September 22, 2012, domestic raw steel production was
1,824,000 net tons while the capability utilization rate was 73.8 percent.
Production was 1,860,000 tons in the week ending September 22, 2011, while
the capability utilization then was 76.1 percent. The current week production
represents a 1.9 percent decrease from the same period in the previous year.
Production for the week ending September 22, 2012 is up 0.4 percent from
the previous week ending September 15, 2012 when production was 1,817,000
tons and the rate of capability utilization was 73.5 percent.
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Monday, September 24
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$8.24/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.11/lb
lower, with other
London traded base metals lower as well. Stockpiles of nickel stored in LME
licensed warehouses rose sharply on Friday and now totals just over 122,450
tonnes. Markets are trading later as German business confidence falls for
a fifth month, and EC President warns European leaders not to lose their
sense of urgency in addressing the EU credit problems. The US Dollar is higher
on renewed European concerns and that is putting pressure on metal trades.
US markets appear to be on track for a quiet opening.
Goldman Sachs Forecasts 18.2% Return on Commodities in Year -
more
Shanghai Nickel Spot Prices to Slip on European Uncertainties -
more
August 2012
Crude Steel Production - World crude steel production for the 62 countries
reporting to the World Steel Association (worldsteel) was 124 million tonnes
(Mt) in August 2012, a decrease of -1.0% compared to August 2011. -
more
Norilsk Nickel
Sees First-Half Profit Falling as Much as a Third - OAO GMK Norilsk Nickel,
the world’s largest miner of the metal, expects first-half profit to
decline by as much as a third after average prices of the metal dropped,
according to Chief Executive Officer Vladimir Strzhalkovsky. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Friday, September 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$8.11/lb
. Indicators
at 6:55 am CST today show 3 month nickel trading around $.09/lb
higher, with most other
London traded base metals trading higher as well. Stockpiles of nickel stored
in LME approved warehouses retreated slightly for second day on Thursday
and now totals just over the 120,850 tonne level. We are getting e-mail's
asking for our opinion on why nickel is suddenly spiking again. In our opinion,
and that is all it is, this is a cyclical move by traders on (1) hopes that
the world economy will pick up based on the additional stimulus being pumped
into markets and (2) technical trading that moves the market upward on its
own momentum. The problem with #2, as we have seen in the past few years,
is that this kind of rally can fizzle just as fast. We are seeing no reports
that the price jump we are seeing is justified by anything more than a 'hope
and a prayer'. Buyers of nickel and stainless now have to decide if they
can afford to wait it out, or if that move carries too much risk. For nickel
watchers, the price has been fairly stable for some time now, so its return
to a more volatile nature, is overdue.
Euro Advances With Spanish Bonds as Commodities Climb -
more
(MF) Taiyuan Iron & Steel Group (Tisco), the largest stainless producer
in China announced to hike its export prices by US$150/ton average for September
orders, driven by sharply rising nickel prices boosted by the QE3 monetary
policy.
Indonesia
seeks 10 pct royalties from miners with long-term contracts - Indonesia wants
miners who hold long- term contracts of work to increase export royalty payments
to 10 percent in renegotiated deals, the country's deputy energy and minerals
minister said on Friday. -
more
BNC ready
to export - Bindura Nickel Corporation will start exporting in the first
quarter of next year, as the reopening of Trojan Mine begins, chairman Mr
Kalaa Mpinga said yesterday. The nickel miner raised about US$21 million
through a rights offer, enabling it to restart Trojan Mine, placed on care
and maintenance -
more
Japan Ferroalloy
Market Report - September 14, 2012 = Importers' concern gradually growing
about China's reaction to the Senkaku Islands issue = Summary of the market
situation of ferroalloys in Japan as of September 14 is as follows. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Thursday, September 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$8.05/lb. Indicators at 7:00
am CST today show 3 month nickel trading around $.05/lb
lower, with other
London traded base metals trading lower as well. The Euro is trading 2/3
of 1% lower against the US Dollar, adding negative pressure on base metals
trading. Chinese stocks are trading at their lowest level since February
2009 after an initial reading of HSBC’s September survey on manufacturing
conditions fell to 47.8. Likewise, the preliminary September
purchasing-managers’ index for the euro zone fell to its lowest level
since June 2009. Metal traders, as well as equity traders, are worried about
the world economy continuing to slow.
Commodities Boom May Have Peaked as Fed Stimulus Fades -
more
BHP Says Pace of China Iron Ore Demand Has Slowed by Half -
more
(China) Tougher rules on iron and steel industry -
more
Japanese Steel Production Monthly Statistics for August 2012(Excel) -
here
August Shipments Slow in the U.S. and Canada -
more
Metalformers Expect Slightly Better Business Conditions -
more
Indonesia
to Relax 2014 Ore Ban to Allow Smelter Projects - Indonesia, preparing to
ban raw- metal ore shipments from 2014 while compelling mining companies
to build smelters, will probably allow some exports beyond that deadline
to give more time for processing plants to be built. -
more
China Nickel
Production Up - August 2012 = 24,543 tons, up 21% from July = According to
National Bureau of Statistics of China, production of nickel in August 2012
was 24,542.5 tons (of nickel content), the highest monthly record this year,
up 20.7% from 20,341.3 tons in the preceding month, and up 21.7% compared
to the same month of 2011. -
more
Outokumpu
revises Inoxum deal proposal to regulators - Finnish stainless steel maker
Outokumpu has offered to divest parts of its business in a bid to be allowed
to buy ThyssenKrupp's Inoxum unit, after the European Commission raised concerns
about competition. -
more
Chinese
competition threatens South African domination of ferrochrome industry -
International Ferro Metals has experienced a challenging year as Chinese
companies have begun to challenge its production of ferrochrome. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Wednesday, September 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$8.08/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.02/lb
higher but declining,
with other London traded base metals trading mixed and mostly subdued. Stockpiles
of nickel stored in LME approved warehouses rose sharply on Tuesday and now
totals just over 120,900 tonnes. The Euro is trading over 1/3 of 1% lower,
adding pressure to base metals trading.
Norilsk Sees
Nickel at $16,000 Making 30% of Output Unprofitable - Nickel prices at about
$16,000 a metric ton would make 30 percent of global output of the metal
unprofitable, according to Moscow-based OAO GMK Norilsk Nickel, the biggest
producer. -
more
DJ Sharp Rise
In Commodity Prices Won't Be Repeated-BHP - Commodity prices aren't likely
to repeat the sharp gains seen in recent years because global production
is rapidly stepping up to meet demand, a top BHP Billiton Ltd. (BHP) executive
said Wednesday. -
more
Outokumpu
in European distribution divestment - Stainless Steel producer, Outokumpu
plans to sell nine of its warehouse distribution businesses across Europe.
-
more
Baosteel Also
Left Its Domestic Prices Unchanged For Oct. Shipment - Baoshan Iron &
Steel (Baosteel) of China seems to have noticed by 12th to leave its domestic
prices of flat-rolled products unchanged for October shipment to each customer.
-
more
China steel,
iron ore at 1-month top on demand rebound - Shanghai rebar futures hit one-month
highs on Wednesday on signs of a pickup in steel demand in top market China,
prompting mills to restock iron ore and supporting prices of the steelmaking
ingredient that fell by a quarter in August. -
more
Farmers
accuse Madagascar mining giant of killing bees - A swath of farmland around
a giant nickel and cobalt mine in Madagascar has been contaminated by pesticides
that have wiped out local bee populations, a group of farmers claimed Tuesday.
-
more
Talvivaara
mulls 1 bln euro nickel expansion project - Finnish mining company Talvivaara
is considering a one billion euro investment to expand nickel production
in Sotkamo, eastern Finland, a senior executive said on Wednesday. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Tuesday, September 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$8.26/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.15/lb
lower, with all London
traded base metals trading lower this morning. Stockpiles of nickel stored
in LME approved warehouses fell on Monday and now total just shy of the 120,000
tonne level. Nickel joined the other metals traded on the LME this morning
by giving back some of its stimulus rally gains. Spanish banks reported nearly
10% of household and business loans in Spain are behind on their payments.
European equity markets are trading lower this morning on European recovery
concerns.
China
helping nickel: analyst - Three key drivers will boost commodity prices in
the second half of 2013 -- China, China and China -- says an economist with
TD Securities. -
more
Nickel price drop only temporary, TD economist says
- more
Tougher rules
on iron and steel industry - China announced a series of new regulations
on Monday to fine-tune its iron and steel industry in a bid to make it more
energy efficient and environmentally friendly. -
more
German
steelmakers cut output forecast on Europe crisis - Germany's steel industry
association cut its forecast for 2012 crude steel output in Europe's biggest
economy and said it sees no quick recovery as the euro zone debt crisis hurts
demand for steel products more than expected. -
more
Nickel Institute
: German Risk Assessment on Nickel in Toys Published - The German Federal
Institute for Risk Assessment (BfR) published an updated Opinion (No. 010/2012
dated 11 April 2012) on 'Contact allergens in toys: Health assessment of
nickel and fragrances'. The Nickel Institute published a Position Paper in
response to the BfR Opinion. -
more
Courtesy AISI
- In the week ending September 15, 2012, domestic raw steel production was
1,817,000 net tons while the capability utilization rate was 73.5 percent.
Production was 1,860,000 tons in the week ending September 15, 2011, while
the capability utilization then was 76.1 percent. The current week production
represents a 2.3 percent decrease from the same period in the previous year.
Production for the week ending September 15, 2012 is up 0.3 percent from
the previous week ending September 8, 2012 when production was 1,811,000
tons and the rate of capability utilization was 73.3 percent.
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Monday, September 17
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$8.06/lb, its first close above
$8/lb since May 1st. Indicators at 7:00 am CST today show 3 month nickel
trading around $.12/lb ,
with other London traded base metals trading lower. Stockpiles of nickel
stored in LME approved warehouses fell on Friday and now totals 120,150 tonnes.
Asian markets closed lower and European markets are trading lower as well,
but nickel is breaking with today's trend to crawl higher. Whether this is
the last gasps of a mini bull run, or the first phase of a long term bull
run, is yet to be determined. But nickel prices have risen too high, too
quickly, so we expect a correction.
Nickel
refinery part of Intex’s grand plan - Nickel, according to my Google-adept
friend, is a versatile mineral that has more than 300,000 industrial and
consumer uses. -
more
Nickel price breathes
life into Mirabela - Beleaguered Mirabela Nickel has been buoyed by a rise
in the nickel price, gaining as much as 12 per cent on the Australian Securities
Exchange. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Friday, September 14
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$7.60/lb
. Indicators
at 6:50 am CST today show 3 month nickel trading around $.38/lb
higher, with all London
traded base metals trading much higher. Stockpiles of nickel fell back slightly
yesterday and now totals just over 120,875 tonnes. Asian markets soared on
the Federal Reserve QE3 news, and Europe is following in its wake. Even US
markets point higher for a second day. The Wall Street Journal reported yesterday
"The Federal Reserve is launching an open-ended program to buy $85 billion
of bonds each month, and will keep short-term rates near zero through mid-2015."
In the light of the slowing economic recovery, US Federal Chairman Ben Bernanke
appears to be breaking all the rules trying to figure out what will kick
the recovery with permanent momentum. We will have to wait and see what will
happen, but the risks have grown higher. Let's hope the reward is equally
much higher.
Commodities Post Longest Rally Since 2010 as Fed Boosts Outlook -
more
Iron Ore-Shanghai rebar rises 3 pct on Fed stimulus -
more
EU ferrochrome
benchmark price to fall in Q4 -Eti Krom - Turkish ferrochrome producer Eti
Krom expects the European ferrochrome benchmark to fall slightly in the last
quarter of this year due to oversupply and weaker demand, the company chief
executive Robert Yuksel Yildirim said on Thursday. -
more
ISRI
Roundtable: Bulls in the Pen - Several factors have contributed to a lackluster
stainless steel scrap market in the past two years, but at least one panelist
at the 2012 Institute of Scrap Recycling Industries Inc. (ISRI) Commodities
Roundtable Forum nickel/stainless session was convinced better times are
around the corner. -
more
Vale freezes
hiring - Just weeks ago, Vale Ltd. was advertising to hire 400 new employees
at its Canadian operations. -
more
We’d leave within 5 years if denied mine permit, Xstrata warns
- The mining company Xstrata Nickel Falcondo will shutter Dominican Republic
operations in less than five years if it doesn’t get the go ahead to
exploit Loma Miranda, in central La Vega province, senior executives warned
Thursday. -
more
China's Steel
Export In August Showed 4,240,000 Tons, Down 1.9% From July - China's export
quantity of steel products (steel ingots and semi-finished products excluded)
in August was 4,240 thousand tons (hereinafter abbreviated as t/t), down
1.9% from the previous month. It was revealed on 10th by the General
Administration of China Customs. -
more
Groups reach
deal on monitoring UP nickel mine - The company building a nickel and copper
mine in Michigan's Upper Peninsula says it will pay $300,000 a year for
independent reporting on how the operation is affecting the environment.
-
more
Madagascar
signs operating permit for Ambatovy mine -govt - Madagascar has signed an
operating permit allowing Canada's Sherritt International Corp and partners
to begin production at the Ambatovy nickel mine, its government said on Thursday.
-
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
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
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us
Thursday, September 13
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday's trading session at
$7.55/lb
. Indicators
at 6:50 am CST today show 3 month nickel trading around $.03/lb
higher, with other
London traded base metals mixed and quiet. Stockpiles of nickel stored in
LME licensed warehouses rose on Wednesday and now total just shy of the 120,900
tonne level. World equity markets are mostly lower as traders await the results
from the Federal Open Market Committee meeting. Markets have priced in a
major move toward QE3 by the Fed today, and are experiencing last minute
jitters, as they await the 12:30 pm EST announcement. This announcement will
be made after the London Metal Exchange is closed so we expect little movement
for nickel today.
Acerinox says
open to steel pricing formula changes - Spanish steel producer Acerinox is
open to changes in pricing for stainless steel if customers desire, but prefers
the current pricing mechanism, its Chief Executive Bernardo Velazquez told
Reuters on Wednesday. -
more
Chrome ore
export to drop nearly 20% in FY13: MMTC - Chrome ore export from India is
expected to slip by 18 per cent to 330,000 tonnes in the current financial
year, says Minerals and Metals Trading Corporation of India (MMTC), the sole
agency permitted by the government to export it. -
more
Dominican doctors guild also opposes Xstrata nickel mine - The Dominican
Medical Association (CMD) today joined the growing group which defends the
natural resources and oppose nickel mining at Loma Miranda, in the Central
Mountains. -
more
Brazil's
Vale Says It Will Delay Projects in 'Conceptual' Phase - Brazilian mining
company Vale SA said Wednesday it will delay projects in the "conceptual"
phase of development because of the economic climate. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Wednesday, September 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$7.63/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.04/lb
higher, with other
London traded base metals trading higher as well. Stockpiles of nickel reclaimed
their small loss of 6 tonnes yesterday and remains totaling over 120,800
tonnes. Germany's top court did rule that Germany's participation in the
European bailout is Constitutional and markets worldwide are higher on the
ruling. The US Federal Reserve begins a two day meeting later today and many
expect QE3 to be announced. Free money is good for investors but it is far
less clear what the long term effect there will be on the worldwide economy.
(MBNA) Jinchuan hikes nickel prices twice in one week
(Dow Jones) U.S. nickel exports rose 17.9% in July from the previous month,
but was down 18.7% from the previous year, the Commerce Department reported
Tuesday.
(Dow Jones) U.S. nickel imports rose 38.8% in July from last month, and was
up 12.9% from the previous year, the Commerce Department reported Tuesday.
(MF) According to data released by China's National Bureau of Statistics
of view, 24,542.5 tons of nickel metal production in August, a year-on-year
growth of 21.7%. 1-8 months of accumulated 145,726.5 tons, a year-on-year
decline of 1.8%.
Text:IBD/TIPP Consumer Optimism Index 51.8 In Sep Vs 45.6 Aug -
more
Threat of Port Strike Not Affecting Retail Container Imports -
more
Small Business Optimism: Slight Bump in August -
more
China announces measures to stabilize trade -
more
Aperam suggests
stainless steel pricing change - Stainless steel maker Aperam is talking
to its customers about a possible move to a shorter-term pricing mechanism
for the alloy, CEO Philippe Darmayan said at an industry conference on
Wednesday.. -
more
China's Major SUS
Mills Cut HCFeCr Price For September = Taiyuan Steel quoted a cut of RMB500/ton,
causing even weaker market outlook = According to a media report from China,
Taiyuan Steel, one of the very large stainless steel producers in China quoted
RMB7,100/ton for high-carbon ferrochrome (half paid in cash and half by delayed
payment) to be delivered during September, down RMB500/ton (or RMB450/ton
based on TEX's findings) from August. -
more
State seeks
partner for Munali Nickel - Government says it is working towards securing
a viable equity partner for Albidon Limited’s Munali Nickel Mine in
Mazabuka District to safeguard the 200 workers at the firm. -
more
Daily steel output
down in August - NBS - China’s daily steel output declined to a six-month
low in August, but analysts said output may rise again after prices gained
on the back of Beijing’s recently announced infrastructure spending,
renewing overproduction concerns and limiting further price increases. -
more
Xstrata mining
dividends cut welfare rolls in Nunavik communities - The number of people
in Salluit and Kangiqsujuaq who receive income support — what’s
called “last resort financial assistance” — dropped dramatically
last month due to the distribution of more than $13 million in revenue sharing
from the Xstrata nickel mine in Nunavik. -
more
Indonesia's
SBY supports Norilsk Nickel's plans for his country - A working meeting between
the General Director, Chairman of the Board of OJSC MMC Norilsk Nickel
(hereinafter – “Norilsk Nickel” or “the Company”)
Vladimir Strzhalkovsky and President Susilo Bambang Yudhoyono of the Republic
of Indonesia took place at APEC Business summit in Vladivostok on September,
8th. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Tuesday, September 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$7.61/lb
.
Indicators at 7:00 am CST today show 3 month nickel trading around
$.03/lb lower, with
other London traded base metals trading mixed. Stockpiles of nickel stored
in LME approved warehouses fell slightly on Monday and remains totaled just
over 120,800 tonnes. Metal traders appear to be shadowing European equity
markets lower, as europe awaits tomorrow's decision by Germany's top court
on the constitutionality of that country's participation in the European
Stability Mechanism. Markets expect it to vote favorably, as a negative vote
could be disastrous to the Euro's future. US futures are higher.
(Reuters) China's Baoshan Iron & Steel will keep main steel product prices
unchanged for October bookings from September, the company said on Tuesday,
after cutting prices for three consecutive months.
(China) Economic slowdown cools labor market -
more
Pacific near El Niño thresholds; positive Indian Ocean Dipole -
more
Japan Follows
China In Ferrochrome Price Cut = Recent spot purchase of high-carbon ferrochrome
by a special steel mill at below US$0.90/lb = The weak trend in China of
the high-carbon ferrochrome spot price has spread to Japan, where spot buyers,
mostly special steel mills including stainless steel mills, apparently require
the price of high-carbon ferrochrome price to be lowered to the similar level
as seen in China. -
more
China August metals
output up, aluminium at record - China's production of most base metals rose
in August, reversing declines in the previous month, with primary aluminium
hitting an all-time monthly high, official data showed on Tuesday, as smelters
expect demand to improve in the next 3 or 4 months. -
more
Courtesy AISI
- In the week ending September 8, 2012, domestic raw steel production was
1,811,000 net tons while the capability utilization rate was 73.3 percent.
Production was 1,860,000 tons in the week ending September 8, 2011, while
the capability utilization then was 76.1 percent. The current week production
represents a 2.6 percent decrease from the same period in the previous year.
Production for the week ending September 8, 2012 is down 2.8 percent from
the previous week ending September 1, 2012 when production was 1,864,000
tons and the rate of capability utilization was 75.4 percent.
Outokumpu
- We Create The Future Out Of The Past - Recycled and Reborn -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
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us
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Friday's trading session at
$7.48/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.06/lb
higher, with all London
traded base metals trading higher for a second day. Stockpiles of nickel
stored in LME approved warehouses slipped on Friday and now totals just over
120,800 tonnes. European metals traders are still upbeat about last
weeks ECB announcement and metals are trading higher, even with a lower Euro.
How long this rally will last is anyone's guess, but price have risen too
fast to be sustainable, in our opinion.
(LGMI) According to China Iron and Steel Association (CISA), the daily crude
steel production of its members in late August averaged at 1.5214 million
tonnes; the national daily output is estimated to be 1.8715 million tonnes,
both decreasing by 58,900 tonnes over prior month
(ETCN) Reportedly, in 2012, Chinese import of nickel ores will slip in its
annual growth to 29% from 92% of 2011, despite its increase in volume.
(MF) Nippon Steel & Sumikin Stainless (NSSC), the largest stainless producer
in Japan announced to remain the September contract prices for stainless
cold rolled coils unchanged.
Finland's Outokumpu
to cut 100 jobs in general stainless unit - Finnish stainless steel maker
Outokumpu said it would cut around 100 jobs in its general stainless unit
to save costs. -
more
Nickel
mine is Environment chief’s first major challenge - For ex Soil and
Water Deputy minister Victor Garcia the evaluation of the Environmental Impact
Study to extract ferronickel at Loma Miranda is the first major challenge
for the new Environment minister Bautista Rojas and other senior officials,
because it’s a metal mining project whose very nature as a site with
extensive biodiversity and many variables makes it like no other the agency
normally evaluates. -
more
Global miners
face growing nationalism - The growing global threat of resource nationalism
has been rated as the No 1 threat for miners and Papua New Guinea is no
exception, according to lawyer Hubert Namani. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Friday, September 7
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Thursday's trading session at
$7.28/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.11/b
higher, with other
London traded base metals also trading higher. Nickel is benefitting from
yesterday's announcement that the European Central Bank plans to buy the
shorter-term debt of struggling euro-zone countries, which is giving a boost
to markets around the world. In our opinion, we have been here before and
this is not the magic pill that will make the Eurozone debt crisis a thing
of the past. For now, markets like what they see and are reacting positively.
Stockpiles of nickel slipped slightly on Thursday and now total just under
the 121,100 tonne level.
(DJN) Norilsk Nickel Metal & Metallurgical Co. said Thursday its deputy
general director for sales and distribution, Viktor Sprogis, has resigned.
(Dow Jones) Russia exported 161,600 metric tons of nickel in January-July,
90.1% more than in the corresponding period last year amid a favorable world
demand and pricing environment, the federal customs service reported Friday.
(Telegraph) OECD expects Germany to enter a double-dip recession this year
with growth of -0.5p in Q3 and -0.8pc in Q4.
Japan SUS
Product Exports Drop - July 2012 = Down 11% from June; exports to most of
the major destinations dropped = Japan Iron and Steel Federation compiled
the Trade Statistics released from the Ministry of Finance into the table
as attached hereto with regard to Japan's exports of stainless steel products
during July 2012. -
more
Steel companies
facing difficulties: S&P - Weak margins and overcapacity will erode the
profitability of China's steel sector this year, amid sluggish demand and
declining prices, ratings agency Standard & Poor's said at a teleconference
Wednesday. -
more
DMCI, UK partner
gain control of nickel producer - DMCI Holdings Inc. and its UK-based partner
D&A Income Ltd. have acquired a controlling 60.7-percent stake in ENK
Plc., a mid-tier nickel producer with assets in Turkey, Philippines and Albania.
-
more
Glencore Raises
Xstrata Offer as Glasenberg Proposed as CEO - Glencore International Plc
(GLEN) raised its offer for mining company Xstrata Plc by 9 percent in a
bid to salvage the year’s biggest takeover and overcome opposition from
investors including Qatar’s sovereign wealth fund. -
more
After Stainless,
Now What? - Is this the end of a 25-year run for stainless steel? Stainless
has been the big word in kitchen appliances for years. What's next? Two major
appliance manufacturers are going head-to-head with difference finishes,
as Ellen Byron explains on Lunch Break. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Thursday, September 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Wednesday trading session at
$7.30/lb. Indicators at 7:00
am CST today show 3 month nickel trading around $.03/lb
higher, with other
London traded base metals trading mixed, as traders await a statement from
European Central Bank chief Mario Draghi. Stockpiles of nickel stored in
LME approved warehouses continue to swell, and now total over 121,150 tonnes.
Molybdenum majors
look to raise output – China’s leading molybdenum producers are
increasing output in anticipation of a strong recovery in demand and to take
advantage of new regulations introduced in July to encourage consolidation.
- more
Stainless
Steel Prices Further As Nickel Cost Decline - The trend in MEPS world average
stainless steel prices has been negative over the past twelve months. -
more
Russia plans
to invest billions in smelters in RI - Russian firms plan to invest billions
of dollars in refineries, smelters and infrastructure, including railways
and power plants, in Indonesia within the next few years, an ambassador says.
-
more
Japan Ferroalloy
Market Report - August 31, 2012 = Imported low-carbon ferrochrome price falls
= Summary of the market situation of ferroalloys in Japan as of August 31
is as follows. -
more
Mining firm
starts green livelihood project in Mindoro - Mining company Mindoro Nickel
in cooperation with the National Greening Program of the Department of
Environment and Natural Resources has launched its own reforestation program
dubbed the Livelihood Enhancement Agro-Forestry in Occidental Mindoro to
prove that “responsible mining” can be done. -
more
Courtesy AISI - In
the week ending September 1, 2012, domestic raw steel production was 1,864,000
net tons while the capability utilization rate was 75.4 percent. Production
was 1,853,000 tons in the week ending September 1, 2011, while the capability
utilization then was 75.8 percent. The current week production represents
a 0.6 percent increase from the same period in the previous year. Production
for the week ending September 1, 2012 is up 0.1 percent from the previous
week ending August 25, 2012 when production was 1,863,000 tons and the rate
of capability utilization was 75.4 percent.
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Wednesday, September 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Tuesday's trading session at
$7.23/lb. Indicators
at 7:00 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 rose over the 120,000 tonne level after gains
were recorded on Tuesday. This the first time stockpiles have risen above
the 120,000 tonne level since April of last year. Stockpiles bottomed out
most recently on November 9th of last year, when they fell to 83,160 tonnes.
Stainless steel producers in the US are raising pries using different tactics,
but unless the market picks up, they might have hard time getting them to
stick.
(MF) Yieh United Steel Corp. (Yusco), one of the major stainless steel producers
in Taiwan announced to remain the domestic and export prices for all its
stainless steel products unchanged for September after cutting the prices
for consecutive six months.
North American
Stainless will increase the fuel surcharge to 35% for stainless flat and
long products shipping in the month of September 2012. -
more
Gloomy Future
of South African Ferrochrome Industry = Joint venture partners must be seriously
reviewing viability = A darker shadow is cast on the South African ferrochrome
industry that had been leading the world until recently with its very low
operational costs compared to others and with abundant chrome ore reserves.
-
more
Samsung eyes
$2.5b nickel play at Wingellina - Shares in Metal X rose 11 per today after
it announced that it had signed memorandum of understanding with Samsung
to advance its $2.5 billion Wingellina laterite nickel project in the State's
north-east. -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Tuesday, September 4
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Dow Jones reports three month nickel closed Monday's trading session at
$7.35/lb
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.04/lb
lower, with other
London traded base metals mixed and mostly quiet. Stockpiles of nickel fell
for the first time in a week on Monday, and now total just over 119,700 tonnes.
Markets are quiet so far today, as traders await news on what, if
any, economic stimulus China, Europe, or US might take to stimulate
a faltering world economy.
(MF) It’s reported that the four major stainless producers including
Acerinox, ThyssenKrupp, Aperam and Outokumpu have announced to reduce the
alloy surcharges for 304, 316 and 430 grade cold rolled (CR) stainless steel
products for September, due to lower nickel prices and debt crisis in euro
zone.
(Interfax) China’s depressed steel sector took a turn for the worse
in August as the official Purchasing Managers' Index (PMI) fell to the lowest
level since December 2008.
Commodities Vulnerable if Bernanke Short on Stimulus -
more
AK Steel said
today that it will increase transaction prices for all Type 201, 301, 430,
430 ULTRA FORM®, 409, and 409 ULTRA FORM® flat rolled stainless steel
products, effective with shipments on September 4, 2012. -
more
Stainless Steel in August/September 2012 Stainless in Autumn - All
Downhill from now on? - The European stainless steel market remained very
soft at the beginning of Q3/12. There was an increasing uncertainty amongst
end users in Europe in Q2 and most of Q3/12. -
more
Customers
Are Highly Sensitive To Price Rise Of LME Nickel/Inquiries Are Increasing
- As soon as the LME nickel price rose to $7.50 per pound late last week,
customers' bid prices of austenitic cold-rolled (CR) stainless steel sheets
rose, and the number of their inquiries are increasing. -
more
Hardnose protesters to erect campsite targeting Xstrata Nickel mine
- The National Youth Action Network (RED) on Monday announced it will stage
a campout next weekend to protest nickel mining at Loma Miranda (Central
Mountains), calling that natural resource an essential part of the island’s
hydrographic system and one of the most important aquifers for the northeast
region. -
more
LCH.Clearnet to
reduce LME metals margin rates - London clearing house LCH.Clearnet is reducing
its margin rates for the London Metal Exchange's copper, primary aluminium,
aluminium alloy, North American alloy, nickel, lead, zinc and molybdenum
contracts, effective September 7, LCH said Tuesday. -
more
Antam Cites
Falling Mineral Prices for Earnings Drop - Aneka Tambang, a state-controlled
gold and nickel miner, posted a big decline in earnings in the first half
of this year, as metal and mineral prices slid. -
more
The 60th Anniversary
Ceremony of China Stainless Steel Industrialization - NI Beijing office receives
award for “Outstanding Contributions to the Development of China’s
Stainless Steel Industry” -
more
Morning Nickel
Inventory and Price Statistics & Figures
Today's almost official prices
here / Yesterday's actual
LME official prices
here
or
here
Shanghai Jinchuan nickel price - available
here
or
here(updated)
Please let us know if any of these links stop working, stop carrying
info, or become available to subscriber's only. We encourage our readers
to use the services of those companies who supply reports and information
free of charge.Contact
us
Monday, September 2
US markets are
closed for Labor Day today and will re-open on Tuesday. Our next update will
be tomorrow.
Reports
Reuters metals morning - Copper up on economic stimulus hopes after gloomy
China data -
more
LME morning - Base metals rise, bolstered by fresh stimulus hopes -
more
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays -
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www.estainlesssteel.com. All prices shown on this page
are indications only. Note - For real time and official LME prices, LME requires
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Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.10/lb
Reports
Commodity/Economic Comments
China Cr Ore
Imports Up - August 2012 = Up 4% from July to 937,472 tons, the third highest
monthly record = According to China's customs statistics, details of the
imports of chrome ore in August 2012 as well as during the eight months (January
- August) of 2012 are as per the table attached hereto. -
Morning Nickel
Inventory and Price Statistics & Figures
. Indicators
at 7:00 am CST today show 3 month nickel trading around $.10/lb
S.African
mine labour strife halts slide in chrome - The impact of South African mine
labour unrest has spread beyond precious metals to UG2 chrome ore, a by product
of platinum and key ingredient in stainless steel, with output cuts putting
a floor under prices after four months of decline. -
Serbians
Unite Against Nickel Extraction - A popular Serbian proverb quips that when
it comes to politics there are as many opinions as there are people in this
central European country of seven million. -
Japan Crude
Stainless Steel Production Rise Continues - July 2012 = 311,295 tons in a
continued steady rise from the drop in May = Crude stainless steel production
in July 2012 by the 7 major Japanese stainless steel mills was 311,295 tons,
up 5.0% from 296,377 tons recorded in June. -
Colombia
to renegotiate terms of BHP's Cerro Matoso mine - Colombia will renegotiate
out-dated contract terms including royalty payments for BHP Billiton's Cerro
Matoso nickel mine in a bid to get a better deal for the Andean nation,
government officials and a tribunal said on Wednesday. -
Russia's
Norilsk Nickel sees African opportunity - Russia's Norilsk Nickel, the world's
largest nickel and palladium miner, is taking its push to boost reserves
to Africa, where it is considering deals and the acquisition of copper, nickel
and platinum licenses, its CEO said on Wednesday. -
Intex
Mulls Mindoro Nickel Refinery - With the way its mining plan is configured,
a nickel refinery plant could well be a part of Norwegian-based mining company,
Intex Resources ASA’s grand plan. -
Xstrata
to shutter Australian nickel mine due to low prices, high A$ - Global miner
Xstrata said it is suspending operations at its Cosmos nickel mine in Western
Australia due to prolonged weak prices for the metal and a strong Australian
dollar, cutting around 150 jobs. -
Number
1 Global Steel Maker In The Works - And Nobody's Looking? - So, there's a
new global leader in stainless steel in the making. Yet all this seems to
have gone unnoticed at Seeking Alpha. -
Puzzlement
Is Felt In Negotiations On Austenitic CR Stainless Sheets Against Ni Price
Up - The LME nickel (Ni) price has risen to the level of $8 per pound since
the latter half of last week, and both a seller and buyer look puzzled as
it reached the mark all at once. -
ThyssenKrupp
Materials will build $13 million facility in Woodstock, Alabama - ThyssenKrupp
Materials North America Inc. said today that it will invest $13 million to
build a materials processing and distribution center in Woodstock, Ala. -
Coppermoly:
Favourable metal recovery - Queensland-based copper explorer Coppermoly Ltd
yesterday announced favourable metallurgical tests of samples taken from
drill core at its Nakru-1 copper-gold-silver project on New Britain Island.
-
Stainless
steel production for first half of 2012 - Preliminary figures released by
the International Stainless Steel Forum (ISSF) show that stainless steel
crude steel production has been stable in the first half of 2012 with a slight
decrease of just 0.2% compared to the same period of 2011. -
Chinese Stainless
Steel Prices May Rebound In October - Accordingly, the Chinese stainless
steel prices finally rebound for October with the increases of CNY 1,000
per tonne on cold drawn stainless steel round bar and CNY 300 per tonne on
stainless hot rolled coils in domestic market, according to Taiyuan Iron
& Steel Group, the largest stainless producer in China. -
Indonesia
seeks 10 pct royalties from miners with long-term contracts - Indonesia wants
miners who hold long- term contracts of work to increase export royalty payments
to 10 percent in renegotiated deals, the country's deputy energy and minerals
minister said on Friday. -
BNC ready
to export - Bindura Nickel Corporation will start exporting in the first
quarter of next year, as the reopening of Trojan Mine begins, chairman Mr
Kalaa Mpinga said yesterday. The nickel miner raised about US$21 million
through a rights offer, enabling it to restart Trojan Mine, placed on care
and maintenance -
Outokumpu
revises Inoxum deal proposal to regulators - Finnish stainless steel maker
Outokumpu has offered to divest parts of its business in a bid to be allowed
to buy ThyssenKrupp's Inoxum unit, after the European Commission raised concerns
about competition. -
Farmers
accuse Madagascar mining giant of killing bees - A swath of farmland around
a giant nickel and cobalt mine in Madagascar has been contaminated by pesticides
that have wiped out local bee populations, a group of farmers claimed Tuesday.
-
German
steelmakers cut output forecast on Europe crisis - Germany's steel industry
association cut its forecast for 2012 crude steel output in Europe's biggest
economy and said it sees no quick recovery as the euro zone debt crisis hurts
demand for steel products more than expected. -
Nickel price breathes
life into Mirabela - Beleaguered Mirabela Nickel has been buoyed by a rise
in the nickel price, gaining as much as 12 per cent on the Australian Securities
Exchange. -
Vale freezes
hiring - Just weeks ago, Vale Ltd. was advertising to hire 400 new employees
at its Canadian operations. -
We’d leave within 5 years if denied mine permit, Xstrata warns
- The mining company Xstrata Nickel Falcondo will shutter Dominican Republic
operations in less than five years if it doesn’t get the go ahead to
exploit Loma Miranda, in central La Vega province, senior executives warned
Thursday. -
Acerinox says
open to steel pricing formula changes - Spanish steel producer Acerinox is
open to changes in pricing for stainless steel if customers desire, but prefers
the current pricing mechanism, its Chief Executive Bernardo Velazquez told
Reuters on Wednesday. -
Chrome ore
export to drop nearly 20% in FY13: MMTC - Chrome ore export from India is
expected to slip by 18 per cent to 330,000 tonnes in the current financial
year, says Minerals and Metals Trading Corporation of India (MMTC), the sole
agency permitted by the government to export it. -
State seeks
partner for Munali Nickel - Government says it is working towards securing
a viable equity partner for Albidon Limited’s Munali Nickel Mine in
Mazabuka District to safeguard the 200 workers at the firm. -
Outokumpu
- We Create The Future Out Of The Past - Recycled and Reborn -
