This page is archived news covering the period of September 2015
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LME nickel prices and news

Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

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Nickel Prices and Stainless Steel Bolts

Stainless Steel News and Prices

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Wednesday, September 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.48/lb . Indicators at 6:05 am CST today show 3 month nickel trading around $.15/lb higher, and crawls back over the $10,000/tonne level. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just shy of the 452,100 tonne level. European stocks are trading higher this morning, with US futures sharply higher, and nickel continues to find its momentum from stock market moves. China business' are now closed for a week, celebrating Golden Week, and will re-open for business next Thursday.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper firms on output cut ahead of holiday - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Twitter) Morgan Stanley says sees 2015 nickel price forecast at $12,483/t, sees 2016 forecast at $13,779/t
  • What Now for Glencore? - more
  • Euro-Area Inflation Rate Turns Negative as ECB Debates Stimulus - more

    Supply cuts required to see price improvement in nickel market: Deutsche Bank - Supply cuts are required if the global nickel market is to see any sign of a meaningful price improvement, Deutsche Bank said Tuesday in its fourth quarter commodity update. - more

    Bleak fourth quarter prospects for stainless scrap - Stainless steel scrap traders had been full of positive expectations for the fourth quarter of 2015 but their hopes were dashed by latest news from the stainless steel market. - more

    Concerns in New Caledonia over nickel price - There is concern in New Caledonia over the slump in nickel prices and the sharp drop of the share value of Glencore, which is a key stakeholder in the Koniambo nickel plant. - more

    Industrial metals prices retreat on demand fears and oversupply - The macroeconomic landscape in China is changing, with slowing economic growth. - more

    Decades of past and future service - Batteries are becoming ever more important for the global goal of sustainability and nickel is playing its part. - 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, September 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.44/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.02/lb higher, and after jumping earlier, the price has done little since. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total 451,500 tonnes. European markets are quiet and mixed this morning, apparently waiting for Wall Street to open and give it some directional guidance. After a brutal Monday, US futures are higher this morning. We cold see nickel jump a little higher when US markets open.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper strikes 1-month low as Glencore selloff spooks market - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (FAN) The European benchmark ferrochrome price has been settled at 104 cents/lb for the fourth quarter of 2015, a 3.7% decrease from 108 cents/lb in the third, South African producer Merafe Resources said
  • Commodities in crisis as Asian shares tumble and shipper files for bankruptcy - more
  • Commodity rout hits traders, emerging markets - more
  • El Niño persists as positive IOD emerges in a warm Indian Ocean - more

    Glencore slumps 30 percent as debt fears grow - Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices. - more

  • Glencore dives in Hong Kong as its stock rout in London spreads into Asia - more

    Nickel miner acquires hi-tech gear - RAMU NiCo Management Ltd says the company has acquired a technical remote operating vehicle to help the company conduct timely checks on its project’s deep sea tailing placement disposal integrity. - 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, September 28

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.51/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.03/lb lower, and trending lower after earlier gains. Stockpiles of nickel stored in LME approved warehouses fell on Friday and now total just under the 452,300 tonne level. Once again, we are watching nickel shadowing equity markets, which are lower on news that industrial profits are lower by 8% in China. Friday's large withdrawal in nickel stocks, if it holds, could see LME nickel stockpiles close lower on the month for second consecutive month.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper sinks to one-month low ahead of China factory data - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) LME nickel is expected to return to $10,000 per tonne this week, Shanghai Metals Market foresees.
  • Glencore Slumps Most Ever as Investec Sees Value Evaporating - more
  • Europe Stocks Drop as China Industrial Data Renews Growth Fears - more

    Nickel prices still down but expected to rally in Q4 2015 - The prices of nickel, along with other industrial metals, remain weak on the global market as frail Chinese data continues to pull the entire commodities market down - more

    Glencore to sell nickel project in Brazil - Glencore PLC has agreed to sell its Araguaia nickel project in Brazil to Horizonte Minerals PLC for $8 million as part of its plan to sell non-core assets to pay down debt. - more

     World Nickel market records small deficit during Jan-July ‘15 - The global nickel apparent demand slightly exceeded production during the initial seven-month period of the year. The world nickel market ended in deficit of 16,000 tons during January to July this year. - more

    Nickel project gets approval - The Ramu nickel and cobalt project has been given approval for its operational environment management plan by Conservation Environment and Protection Authority director Gunther Joku. - more

    Fishing, mining bans seen hurting Indonesian economy - New regulations designed to protect local marine resources and develop the country's mining industry are harming the workers in those fields whom the government wished to help. - 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, September 24

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.43/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.04/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Wednesday and now total just over the 454,800 tonne level. LME traded nickel is not shadowing European equity markets for a change. Based on cancelled warrants now registering over 45%, we would speculate that large trading houses have decided its time for nickel to trade higher than it currently is. Whether this move proves successful, is something only time will tell. The demand side is not sending any hints that the bear market will end anytime soon. And the supply side is still producing more nickel than is being consumed. We are on the road tomorrow, so our next update will be Monday, the 28th. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper posts feeble rebound; China worries sap strength - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) China’s imports of nickel ore are expected to drop in the coming months after August’s decline, to enter its periodic decline phase, Shanghai Metals Market foresees.
  • China nickel ore imports down 28.06% in August

    Adventurers plan year in BWCA to protest copper-nickel mining - Two Minnesota adventurers are preparing to head into the Boundary Waters Canoe Area Wilderness for a full year. - more

    Zimasco targets cost-effective chrome mining - Zimasco says there is need for extensive exploration so more chrome ore bodies can be identified to enable cost-effective mining of the thin chrome ore seams of the Great Dyke. - more

    Water situation at Talvivaara threatens new mine operator - Terrafame, a state-owned special-purpose company, is seeking a new ruling from the Administrative Court of Vaasa on the drainage of waste water from the mine of Talvivaara in Sotkamo. - more

    World Biodiversity Hotspot Worth Much More than a Nickel - If there were a place in the United States that possessed such biodiversity that it had been designated an “Area of Global Botanical Significance” by the International Union for the Conservation of Nature and also proposed as a UNESCO World Heritage Site and Biosphere Reserve, surely it would be protected from any industrial development that would compromise its ecological integrity. - more

    Poverty, mining, violence #StopLumadKillings - The news, as expected, is rife with government and military press releases, now informing the public that: “The Philippine Army has formed a task force to hunt down a paramilitary group blamed for the killing of an executive director of a school for lumads and two lumad leaders in Lianga town, Surigao del Sur.” - 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, September 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.38/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.07/lb higher, and off earlier highs. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now totals just over the 454,000 tonne level. Cancelled warrants jumped over 40% yesterday and rolled over 44% today, as it appears some large trading houses may be placing some big bets. Asian markets fell on negative PMI factory data from China, while European markets are higher on positive PMI factory data. The US is looking east and futures are currently higher.
  • Average price of cash nickel so far this month - $4.50/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 rebounds from near four-week lows; China woes persist - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China factory slump casts pall but Europe pierces gloom - more

    European stainless steel surcharges slide again for October - October’s monthly alloy surcharges on austenitic grades of stainless steel flat-rolled products in Europe continue to slide in the face of continued weakness in nickel and molybdenum prices, first mill announcements indicated Tuesday. - more

   KGHM puts McCreedy West mine on care and maintenance - KGHM International of Toronto says low metal prices are forcing it to put its McCreedy West nickel mine on care and maintenance by Oct. 1, 2015. The mine is located near Sudbury. - more

    Nickel imports by China slump 60% as stainless industry slows - China’s imports of refined nickel dropped to the lowest level in four months in August, underscoring flagging demand as the stainless-steel industry slowed. - more

    Indonesia vows to stick with ore export curbs as metals sink - Indonesia won't flip-flop on its mineral-ore export ban even as prices of metals languish at multiyear lows, with President Joko Widodo reaffirming his government's full support for the policy that's designed to compel investment in processing capacity. - 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, September 22

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.42/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.06/lb lower, with the entire session so far trending lower. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 452,700 tonne level. European and US equity markets traed higher yesterday and this helped pull nickel slightly higher. Today, the opposite is true. European markets are trading sharply lower, US futures are down, and nickel is in tow once again. Fall begins tomorrow for those north of the equator, spring for those south.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits 2-week low on China demand concerns - more

  Reports

  • Oryx Stainless - ProgRess II - excuse me, what? - pdf here
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (MM) Today nickel plunged as much as 1% after China’s imports of the refined metal slump to the smallest in four months, underscoring flagging demand in the world’s largest consumer.
  • (Deutsche Bank) We conservatively estimate that half of #nickel industry is loss-making at the current spot price.
  • (SMM) Nickel prices in China’s domestic market are expected to rally during Q4, Simon Bao, Deputy Marketing General Manager of Jinchuan Group, was quoted as saying.

    Finland's Outokumpu warns of bigger third-quarter loss - Outokumpu, Europe's largest stainless steel maker, has warned its quarterly loss will be deeper than expected, citing weak demand from distributors amid high stock levels and low nickel prices. - more

    Times tough for miners all over - Europe's No. 2 copper producer Poland's KGHM said on Monday it would put its McCreedy West copper mine in Sudbury on care and maintenance, the latest victim of sinking prices as worries about demand from China fuel the biggest market rout in years. - more

  • Miners turn to alternative finance to cut debt as downturn grinds on - more

      August 2015 crude steel production - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes (Mt) in August 2015, a -3.0% decrease compared to August 2014. - more

    LME gets industry execs on board ahead of steel contracts launch - The London Metal Exchange (LME) has appointed four new members to its steel committee, including leading industry executives who are backing the exchange's new steel rebar and scrap contracts ahead of their launch in November. - more

    Metal exchange investors in rare protest accuse regulators of 'ignoring fraud' - Hundreds of investors gathered outside the headquarters of China's securities watchdog on Monday to protest against a metals exchange in a southwest province they accuse of defrauding them of billions of yuan. - more

    Glencore Falls to Record as Mining Shares Lead Stock Losses - Mining shares including Glencore Plc led a slump in European equities as metals prices tumbled on fears that an economic slowdown in China, the world’s biggest consumer of raw materials, is deepening. - more

    Courtesy AISI - In the week ending September 19, 2015, domestic raw steel production was 1,706,000 net tons while the capability utilization rate was 71.4 percent. Production was 1,878,000 net tons in the week ending September 19, 2014 while the capability utilization then was 78.1 percent. The current week production represents a 9.2 percent decrease from the same period in the previous year. Production for the week ending September 19, 2015 is up 0.7 percent from the previous week ending September 12, 2015 when production was 1,694,000 net tons and the rate of capability utilization was 70.9 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • 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, September 21

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.40/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.03/lb higher, but fading and well off earlier session highs. Stockpiles of nickel stored in LME approved warehouses rose on Friday and is now higher than where the month started. After a fourth day of over 1000 tonne gain, stockpiles now total just over the 454,100 tonne level. Shanghai Metals Market reports stockpiles of nickel ore at six major ports fell by 50,000 tonnes last week and now total 10.89 million tonnes. Another incredibly quiet day on the market news front, and it seems more like August than September.
  • Average price of cash nickel so far this month - $4.51/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper rebounds from 2-week low; global economy worries simmer - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Tweet) China Aug refined nickel imports up 114.9% y/y at 20,615 tonnes
  • (SMM) Jinchuan Group cut ex-works prices of nickel to 75,500 yuan per tonne on Sept. 21, Shanghai Metals Market learns.

    China Nickel Imports and Exports Data August 2015 - The General Administration of China Customs released data of China's August imports and exports of nickel on Sep.21 (Unit: mt) - more

    How Norilsk Nickel reduced maintenance downtime by 86 pct - Norilsk Nickel Harjavalta Oy, located in Finland, is a member of the Norilsk Nickel Group and develops competitive products and production technology. - 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, September 18

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.51/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.04/lb lower, and struggling to establish a session floor. Stockpiles of nickel stored in LME approved warehouses rose for a third consecutive session and now total 453,000 tonnes. The Federal Reserve did exactly what we suspected yesterday, and once again, showed it is afraid of a very fickle market. The US Dow only ended down 66 points yesterday, but saw stocks drop by over 300 points in the last half hour of trading. Futures are down sharply this morning. So why did the Fed bow to the desires of the market, yet the market is in retreat? Because by giving the market the near no existent interest rates it desires, it told the world they did not have faith in the US economy. What will it take for the Federal Reserve to once again show some confidence in the US economy? Who knows but apparently low unemployment and low inflation aren't it. Someone should start asking if the Federal Reserve feels the US economy is now solely dependent on its generosity? No real trade news today so we will leave yesterday's post up. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper slips as Fed rate delay sparks jitters - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) LME nickel is expected to edge higher in this coming week, Shanghai Metals Market foresees.
  • (Platts) Chinese molybdenum, nickel mines in Zunyi City stay shut in Sep due to mining reforms based on need for environmental protection

    Jindal Stainless Ltd to shut down operations of ferro alloys unit at Kothavalasa - Due to pending differences between Management and workers who have lately been resorting to go-slow and other disruptive tactics, Management has decided to temporarily shut down operations of the Ferro Alloys Unit at Kothavalasa in Vizianagaram district, Andhra Pradesh and shift production of ferro chrome to more economical Jajpur facilities. - 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, September 17

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.57/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.06/lb lower, and currently trading at a new session low. Stockpiles of nickel stored in LME licensed warehouses rose for a second session and now total just under the 450,350 tonne level. European markets are trading quietly so far this morning, with US futures slightly lower, as world markets eagerly anticipate the US Fed decision to be announced at 2 pm EST. Will they raise for the first time in years, or continue to pass out free money? One needs to remember why interest rates are so low. This was an important piece of muliple economic 'stimulus' packages, and intended to be an emergency room IV to markets. After nine years, it has gone from an IV saline, to a heroin feed for market investors. Every little burp in some economic report causes the market to yell foul and warn that the economy is far too fragile to survive on its own. Will the Fed have the intestinal fortitude to raise rates today? We doubt it. But we would be willing to bet if they do, it will presented in such an apologetic manner that markets will wonder if it might be another nine years before they see another increase.
  • Average price of cash nickel so far this month -
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper strikes 8-week top after Chile quake - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SSY) The Chinese domestic price for hot rolled band (HRB) dropped by $4/t from 26 August to its lowest level since March 2002 by 16 September at $265/t, down $171/t year-on-year, according to the latest SteelBenchmarker from World Steel Dynamics.

    New Caledonia govt requests congress session on nickel question - The New Caledonia government has requested a special session of Congress later this month to address a major issue about nickel exports. - more

    Shipments Decline Again in August - In August 2015, U.S. service center steel shipments decreased by 8.9% from August 2014. Steel product inventories increased 1.9% over August a year. - more

    Chinese steel firms 'not dumping' - It makes no sense to accuse Chinese steel producers of dumping in the global market, a spokesman for the Ministry of Commerce (MOFCOM) said on Wednesday, commenting on moves by some countries to adopt anti-dumping measures against China's steel products. - 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, September 16

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.56/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.04/lb higher, but $.07/lb off earlier session highs. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just under the 449,200 tonne level. Commodity markets are still treading water, awaiting the Fed interest rate decison due out tomorrow at 2 pm EST. Until then, nothing else really seems to matter. And as far as nickel is concerned, there really isn't anything else 'to' talk about.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper bides time as markets look to Fed - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Pacific Islands Warned To Prepare For Strong To Severe El Niño - more

    China takes aim at automated trading in commodities futures - China is extending its control of onshore markets to commodities exchanges, spooked by signs that speculators have shifted from China's volatile stock markets to commodities futures. - more

    Courtesy AISI - In the week ending September 12, 2015, domestic raw steel production was 1,694,000 net tons while the capability utilization rate was 70.9 percent. Production was 1,878,000 net tons in the week ending September 12, 2014 while the capability utilization then was 78.1 percent. The current week production represents a 9.8 percent decrease from the same period in the previous year. Production for the week ending September 12, 2015 is down 2.7 percent from the previous week ending September 5, 2015 when production was 1,741,000 net tons and the rate of capability utilization was 72.8 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • 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, September 15

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session at $4.50/lb . Indicators at 6:10 am CST today show 3 month nickel trading around $.02/lb lower, but presently bouncing off session lows. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just under the 447,800 tonne level. Someone at Shanghai Metals Market is probably regretting their forecast made last Friday - "Nickel prices are expected to keep rising this coming week, Shanghai Metals Market foresees". That's one of those Homer Simpson 'Doh" statements, one we see with SMM forecasts more than we should. Nickel has bounced off weak support near $4.42/lb this morning, but its resilence probably depends heavily on what equity markets do. Nervous eyes are on the Fed Thursday and its interesting to watch how the markets thru media reports, are trying to blackmail the Fed into leaving the rates alone. In fact, one agency yesterday, said the Fed shoould not only not raise rates, but should consider further stimulus steps. One article on Bloomberg exclaimed "A Rate Hike, Followed By  A Market Crash". In fact, the author of this partiuclar article was forecasting a market crash ext year, rate increase or not, but that message was lost in the title.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits one-week low on China demand jitters - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (MP) China ferro-nickel imports up 215.75pc in July
  • China's Aug crude steel output rises 1.7% on month but falls 3.5% on year to 66.94 mil mt - more
  • A strong El Niño and record warm Indian Ocean continue - more

    Nickel's losses accelerate on China demand outlook - Nickel dropped the most in three weeks, leading declines in base metals, as further signs of an economic slowdown in China heightened demand concerns in the Asian nation, the world's largest consumer. - more

    Nickel, aluminium expected to trade higher in mid-September - Markets research firm Angel Commodities said base metals nickel and aluminium would experience a price hike by the middle of this month due to various positive global cues. - more

    Bright spot for Atlas Iron while nickel miners face closures - Western Australia's mid-cap and junior miners have a serious case of white knuckles. While Atlas Iron has found itself at a slight peak in the commodity price roller coaster ripping through the sector, nickel producers in the state's Kambalda region are languishing in a trough. - 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, September 14

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.67/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.13/lb lower this morning. Stockpiles of nickel stored in LME approved warehouses rose on Friday, after dropping the prior seven sessions, and now totals just over the 448,300 tonne level. SMM is reporting nickel ore stockpiles at six major Chinese ports rose 480,000 tonnes over the past two weeks and now totals 11.39 million tonnes. This is its highest total since June. Data releases Sunday shows factory production and fixed-asset investment in China were both weaker than expected in August. World markets seem to be brushing this negative news aside, with all eyes on the Fed decision due out Thursday on a possible rate increase. European markets are trading higher, and US futures are positive.
  • Average price of cash nickel so far this month - $4.52/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - LME copper slips from near 2-mth top as China concerns persist - more

  Reports

  • PWC Metals Deals: Forging Ahead 2015 outlook and 2014 review - pdf here
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) Jinchuan Group is expected to see a drop of 3,000 tonnes in refined nickel output in September due to unit malfunction, Shanghai Metals Market estimates
  • Slow growth may spur more support - more

    The Indonesian Ore ban as a global market quandary - On January 2014, the entire extracted commodities market was shocked by the news that the Indonesian bill that was expected to suppress the global demand had been enacted into law. - more

    Why recovery in Nickel price won’t be easy to come by? - Nickel price was trading around $50,000/ton before financial crisis and after six years from the crisis and so much of stimulus from global central banks, Nickel is hovering around $10,000/ton. - more

    Signs New Caledonia blockade could resume - There are signs in New Caledonia that truck drivers, who protested last month about a dispute over nickel exports, are poised to restart their blockades. - more

    Antam Expects Annual FeNi Production to Be 30,000 Tons Thanks to Expanded Pomalaa = No.5 oxygen plant starts operation as part of expansion project completed in July = PT Antam Tbk, Indonesia announced at the end of last week that the expansion project for Pomalaa plant was completed at the end of July, and No.5 oxygen plant as part of this project started operation. - more

    U.S. Export of Nickel Scrap in July 2015 = Up by 8% from prior month, which is mainly due to increased export to Canada = According to the statistics released by the U. S. Department of Commerce, the export result of nickel scrap in July 2015 was 2,044 tons, up by 8.3% from 1,888 tons in the prior month, and the average export unit price per ton was US$3,723.03, up by 6.3% from the prior month. - more

    Silver Swan sale falls through - Nickel miner Poseidon Nickel is developing an alternate strategy for its Silver Swan project after a sales agreement with Caeneus Minerals fell through. - 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, September 9

    We are traveling the rest of the week, so our next update will be Monday, Sept 14th.

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

  • Three month nickel closed Tuesday's trading session at $4.55/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 451,050 tonne level. Nickel rose above the $10,000/tonne level this morning and with US equity markets expected to open higher, the market should be able to hold onto this level for the day. Commodities are tracking overall trader sympathy, so equity market directions are giving a fair picture of commodities investment lure.
  • Average price of cash nickel so far this month - $4.47/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper hits seven-week high but China demand worries persist - more

  Reports

  • Damstahl Stainless Steel Report - September 2015 - pdf here
  • Latest Nickel magazine - Special 30th Anniversary issue - more
  • Haywood Weekly Dig - pdf here
  • The September 2015 Casteel Reporter - pdf here
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China's crude steel output continues to fall - more
  • Global stocks rally as investors scent fresh stimulus - more
  • China the biggest risk to world economy, says Societe Generale - more

    Little sign of second half recovery for global nickel market: Citi - The global nickel market is showing little sign of any recovery in the second half of the year, according to Citi metal analyst David Wilson. - more

    New steel orders seen to stay flat - Chinese steel market players expect September's new steel orders to remain at similar levels as last month although prices could weaken, according to global commodities information provider Platts. - more

    Independence Group slashes capex, costs and jobs at nickel mine - Independence Group is slashing 28 jobs from its Long nickel mine in Kambalda in Western Australia, as it lowers planned production and spending targets in a bid to combat a prolonged downturn in the nickel market. - more

    MCC reassures workers we are here for you in these tough times - Despite some mining and petroleum companies in the country indicating reduction in manpower, Ramu NiCo project in Madang is not doing so, the company says. - more

    First Point to Purchase Cliffs' Ownership of Decar Nickel Project - First Point Minerals Corp. is pleased to announce that it has entered into a binding agreement with affiliated companies of Cliffs Natural Resources Inc. to purchase Cliffs' 60% ownership of the Decar nickel project, located in central British Columbia, for an acquisition price of US$4.75 million. - more

    Courtesy AISI - In the week ending September 5, 2015, domestic raw steel production was 1,741,000 net tons while the capability utilization rate was 72.8 percent. Production was 1,893,000 net tons in the week ending September 5, 2014 while the capability utilization then was 78.6 percent. The current week production represents a 8.0 percent decrease from the same period in the previous year. Production for the week ending September 5, 2015 is up 2.2 percent from the previous week ending August 29, 2015 when production was 1,703,000 net tons and the rate of capability utilization was 71.2 percent.

    Cheap oil and other commodities: The bright and dark sides - The price of a barrel of crude oil had recently dropped to as low as $38, but is currently at $45. The prospects are they would remain at this relatively low level for some time. - 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, September 8

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Friday's trading session at $4.41/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.08/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel stored in LME approved warehouses fell on Monday and now total just over the 451,350 tonne level. With little else to give it direction, nickel is following the overall commodity pursuit of equity markets, which have been volatile on Chinese economic concerns. Expecting more Chinese stimulus after further weak economic data, US futures are sharply higher this morning, as are European markets. With teh Fed meeting in a week, and a possible rate increase in the cards, we don't expect the volatility in the market is over just yet.
  • Average price of cash nickel so far this month - $4.47/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper climbs after China trade data, bounce in equities - more

  Reports

  • U.S. Exports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (Tweet) Bank of America says cuts nickel price forecast by 12.8% to $12,193/t for 2015, by 18.8% to $14,000/t for 2016

    JP Morgan to stop open outcry trading on London Metal Exchange - U.S. bank JP Morgan is quitting open outcry trading on the London Metal Exchange after cutting back on its commodity business, a move that also shows the increasing importance of electronic dealing in metals. - more

    Norilsk increases nickel deficit forecast for 2016 - Norilsk Nickel PJSC-the world’s second largest producer of nickel has raised the nickel deficit forecast for 2016 by additional 5,000 tons, on account of production cuts by high cost producers and falling nickel prices. - more

    Govt withdraws plan to - The government has decided to withdraw its plan to ease the ban on ore exports as the relaxation of the mining policy would harm its commitment to fully implement the 2009 Mining Law. - more

  • Indonesia will not ease mineral export ban in stimulus package - more

    Ni SUS Scrap Purchase Price in Sept Starts with JPY125,000 - 130,000 = Down by JPY13,000 - 18,000 from early last month due to continuous drop in LME Ni price = The purchase price for nickel-containing stainless steel scrap (SABOT) by the stainless steel mills in the Kanto area started with JPY125,000 - JPY130,000 per ton (delivered at factory), down by JPY13,000 - JPY18,000 from early August. - 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, September 4

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $4.46/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and now total just under teh 453,650 tonne level. European markets are trading lower this morning, as markets nervously await the issue of the US payroll report. Will it be another show to drop reflecting a slowing worldwide economy, or will it be a beacon of hope - and add evidence to a potential rate increase. Either good or bad - the market is liable to take it negatively. Nickel is trading back below the $10,000/tonne level. Have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.49/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper slips on caution over U.S. rates and China - more

  Reports

  • U.S. Imports of Stainless Steel Mill Products - more
  • Reuters Metals Insider - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Will El Nino Give a Boost to Commodities? - more

    Why is nickel trading like it's 2008? Andy Home - On the London Metal Exchange (LME) benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. - more

    Low nickel price 'not sustainable' - Bring on the monsoon. It may seem like a strange wish to make from a part of the world that is more likely to get a freak autumn snowfall than a drenching from rain-laden ocean winds, but it could help a domestic mining industry that has been rocked of late by low nickel prices. - more

    Indonesia’s ore export ban a hard blow to China Nickel Resources - China Nickel Resources, listed on the Hong Kong Stock Exchange, had to admit publicly how badly it is suffering from the Indonesian government’s sudden ban on all ore exports, including iron and nickel ore. - more

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • 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, September 3

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.48/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.09/lb higher, and is trading back above the $10,000/tonne level. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under the 453,700 tonne level. China markets are closed for the rest of the week so markets are looking to the EU for a trading direction today, and so far, EU markets have picked up where US markets closed.
  • Average price of cash nickel so far this month - $4.46/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 extends gains as shorts cover amid firmer stock markets - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Commodity ETF Opportunities During El Niño - more
  • Rio Tinto still aims to boost iron ore production despite China slowdown - more

    Brazil's Vale says permitted to restart Onca Puma nickel mine  - Brazil's Vale said on Wednesday it had received a ruling allowing it to restart operations at the Onca Puma nickel mine, in Para state. - more

    Miner: We will not scale down manpower - Despite some mining and petroleum companies in the country indicating reduction in manpower, Ramu NiCo project in Madang is not doing so, the company says. - more

    Indonesia’s ore export ban a hard blow to China Nickel Resources - China Nickel Resources, listed on the Hong Kong Stock Exchange, had to admit publicly how badly it is suffering from the Indonesian government’s sudden ban on all ore exports, including iron and nickel ore. - more

    Madagascar considers taking stakes in mining projects, increasing royalty fees - Madagascar plans to increase royalty fees and claim 10 percent stakes in mining concessions, under proposed changes to its mining code, according to a draft document seen by Reuters on Wednesday. - more

    Import of Stainless Steel Scrap in July 2015 - According to the import statistics prepared by the Ministry of Finance, the import volume of stainless steel scrap in July 2015 was 8,115 tons, down by 7.0% from the prior month. - more

    Minnesota: potentially polluted PolyMet Mine Water could spread - Reports are coming in stating that there is some potentially polluted water coming from Minnesota’s first proposed copper-nickel mine, that could flow north toward the Boundary Waters Canoe Area Wilderness. - 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, September 2

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.42/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses rose on Tuesday and now total just under the 454,050 tonne level. China markets are closed for the reminder of the week, which could be positive for world markets that have been rocked by the recent sell off in Chinese stocks.
  • Average price of cash nickel so far this month - $4.51/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - London copper finds footing, global factory slowdown weighs - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SMM) LME nickel price is expected to return above $10,000 per tonne in September, Shanghai Metals Market foresees.
  • (Tweet) Standard Chartered says sees average 2015 nickel price forecast at $12,013/tonne; sees 2016 outlook at $10,400/tonne
  • The Institute for Supply Management (ISM) index of national factory activity fell to 51.1 in August of 2015 from 52.7 the month before. It is the lowest figure since May of 2013.
  • As prices slump, metal recyclers steel themselves - more
  • China's Fastener Imports and Exports for Jan.-Jul. 2015 - more

    Slow recovery in stainless steel prices predicted - The trend in MEPS world average stainless steel prices has been inexorably negative over the past twelve months. - more

    An August battering for stainless scrap values - Global: Owing to low scrap demand from the mills over the holiday period and to turbulence on the nickel market, stainless steel scrap prices slumped during August. - more

    Indonesia to Keep Ban on Nickel Ore Exports - Indonesia will keep its export ban on nickel ore, contrary to recent media reports suggesting the country may relax curbs to prop up its slowing economy, senior government officials said. - more

    EU nickel release standard amended - The EU standard, defining the test method used to determine compliance with REACH Regulation nickel release requirements, has been amended. - 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, September 1

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Monday's trading session unchanged due to holiday closure. Indicators at 6:15 am CST today show 3 month nickel trading around $.13/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel store din LME approved warehouses fell on Friday and start the final third of 2015 just under the 453,900 tonne level. Chinas manufacturing PMI fell to 49.7 last month and markets already concerned about a slowdown in China, are once again, heading for the exits today. Looks like the sell sign is flashing across the board, so if you thought things were calming down, you better tighten that seat belt. Volatility defined the end of August and is laying claim to the beginning of September.
  • Average price of cash nickel so far this month - n/a
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper losses fuelled by China manufacturing data - more

  Reports

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

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China's Stocks Extend Rout as Factory Data Adds to Economy Woes - more
  • European shares fall after China manufacturing contraction - more
  • El Niño strengthens but a warm Indian Ocean - more

    China's Import and Export Results of Nickel in July 2015 - According to the foreign trade statistics of China, the import and export results of nickel-containing products in July 2015 are as per the table below. - more

    S&P cuts metals price forecasts, to review miners' ratings - Standard & Poor's warned on Monday it was likely to revise the credit ratings for some miners over the next week after cutting its price forecasts for aluminium, copper, zinc, nickel and gold and said it expected prices to remain volatile. - more

    China’s Waning Appetite for Metals - Earlier this week the mining giant Antofagasta announced in its first half report, that the company’s profits had fallen by 48.6% when compared with the same period for 2014. - more

    New Caledonian govt to hear nickel drivers' demands - The New Caledonian Government is next week expected to consider demands made by protesting nickel carriers last month. - more

    Courtesy AISI - In the week ending August 29, 2015, domestic raw steel production was 1,703,000 net tons while the capability utilization rate was 71.2 percent. Production was 1,930,000 net tons in the week ending August 29, 2014 while the capability utilization then was 80.2 percent. The current week production represents a 11.8 percent decrease from the same period in the previous year. Production for the week ending August 29, 2015 is down 2.2 percent from the previous week ending August 22, 2015 when production was 1,742000 net tons and the rate of capability utilization was 72.9 percent.

  Morning Nickel Price Statistics & Figures

  • Today's almost official prices here  /  Yesterday's actual LME official prices here or here
  • Shanghai Jinchuan nickel price - available here or here (updated)
  • 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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"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated daily before 8 am CST weekdays - Disclaimer Original content and opinions copyright www.estainlesssteel.com. All prices shown on this page are indications only. Note - For real time and official LME prices, LME requires a user subscribe to an authorized LME vendor.

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