10-28 |
LME nickel ends the day at $5.43/lb.
* Continuing to gain, LME nickel inventories gained by 246 tons
total 17,772 tons. |
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10-27 |
LME nickel rebounded a little today, ending at
$5.49/lb.
* LME nickel inventories gained 354 tons to total 17,526 tons. |
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10-26 |
LME nickel ends at $5.35/lb.
* Another big gain of 432 tons takes LME nickel inventory to 17,172
tons. |
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10-25 |
LME nickel ended the day at $5.33/lb.
* LME nickel inventories continue to gain steeply, adding another
570 tons yesterday to total 16,740. This is double what it was just 2 months
ago. |
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10-24 |
LME inventory gains are making traders nervous, and the price continues
to fall, closing today at $5.39/lb.
* LME nickel inventories stand at 16,120 tons to start the week.
Nickel ended Friday at $5.44/lb. |
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10-20 |
Daily update will return on Monday due to move - my apologies for the
inconvenience
LME nickel ended the day at $5.48/lb.
* LME nickel inventories grew by 372 tos to total 15,378 tons. |
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10-19 |
Been a long time since we have seen nickel under $5.50lb, and it closed
today at $5.46/lb. Has the boom gone bust??
* LME nickel inventories crossed over the 15M ton threshold
with an additional 450 tons making the new total 15,006 tons. |
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10-18 |
LME nickel ended the day at $5.60/lb.
* 498 more tons of nickel took LME inventories to 14,556 tons. |
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10-17 |
Nickel closed at $5.71/lb.
* Nickel inventories on the LME dropped a tad Friday, by 84
tons to total 14,058 tons. |
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10-14 |
Nickel closed on LME at $5.55/lb.
* LME nickel gained 312 tons to total 14,142 tons. |
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10-13 |
Nickel seems to be in a freefall, ending the day at
$5.54/lb, a new year low.
* LME nickel inventories swelled yesterday with an additional
408 tons bringing the total to 13,830 tons. |
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10-12 |
Reflecting lower demand and building stock, LME nickel closed down at
$5.73/lb.
* Inco and Falcnbridge announced merger plans yesterday that,
if successful, will create the world's largest nickel producer. Swiss based
Xstrata, which owns 20% of Falconbridge, could play the spoiler.
* LME nickel inventories rose 78 tons yesterday to total 13,422
tons. |
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10-11 |
LME nickel was unchanged from yesterday at
$5.77/lb.
* Nickel inventories on the LME gained 84 tons yesterday to
total 13,344 tons. |
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10-10 |
LME nickel ends the day at $5.77/lb, a year
low.
* Couple of forecasts over the past week. Merrill Lynch is
predicting the average price of nickel at $7/lb for 2005, $6.50/lb for 2006,
and $5.50/lb for 2007. Societe General is forecasting $5.35/lb for 2006 while
Macquarie is predicting $6.75/lb for both 2005 and 2006.
* Nickel inventories on the LME rebounded with an additional
252 tons taking the total to 13,260 tons. |
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10-7 |
LME nickel closes at $5.95/lb.
* LME nickel inventories took a big hit yesterday, dropping
486 tons to total 13,008 tons. |
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10-6 |
Nickel traded on the LMe ended at
$5.98/lb.
* Another 192 tons takes LME nickel inventory to 13,494 tons. |
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10-5 |
LME nickel ends the day at $6.01/lb.
* LME nickel inventories continued to gain yesterday, adding
84 tons to total 13,302 tons. |
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10-4
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LME nickel ends the day below $6 at
$5.97/lb.
* MEPS publishes article on their site extremely nervous about
the "over-capacity" of Chinese stainless steel and the long term effect it
could have on world stainless steel prices
* LME nickel inventories went over 13M tons yesterday, gaining
an additonal 282 tons to total 13,218 tons. |
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10-3 |
LME nickel ends at $6.10/lb.
* LME nickel inventories continue to grow, adding 216 tons to
total 12,936 tons. |
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Nickel (average annual price) |
Molybdenum (average annual price) |
| 2001 |
$2.70/lb |
$2.36/lb |
| 2002 |
$3.07/lb |
$3.59/lb |
| 2003 |
$4.37/lb |
$5.21/lb |
| 2004 |
$6.28/lb |
$18.00/lb (approx) |
| Today |
$7.27/lb |
$38.50/lb |
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