stainless steel price

Tuesday, August 20
  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Nickel closed Monday's trading session at $7.22/lb  ($15,920/tonne). Indicators at 6:15 am CST today show nickel trading around $.03/lb  lower. Stockpiles of nickel stored in LME licensed warehouses went unchanged yesterday and remain just above the 149,600 tone level. Nickel trading remains in neutral, having surrendered the $16,000/tonne level yesterday. Quiet on the news front today, and with sumer coming to an end, last minute vacations are being taken. Just a heads up - LME markets will be closed this coming Monday for Summer Bank Holiday. Not a lot to talk about today, so we won't try.
  • Average price of LME traded cash nickel so far this month - $6.98/lb
  • Average price of LME traded nickel in first half of 2019 - $5.59/lb / 2018 - $5.95/lb / 2017 - $4.73/lb / 2016 - $4.36/lb /


  • Reuters metals morning - Shanghai aluminum hits over 9-month high on supply worries - more
  • Reuters Daily Inside Metals - pdf here  
  • SMM Evening Comments - more
  • Crude steel production monthly - more

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Scotiabank Reports - more
  • Baltic Dry Index - (chart)
  • Stainless steel: The role of nickel - here
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Commodity Prices Not Syncing Recession Indicator - more
  • Western Areas Presentation - pdf here
  • Stocks Edge Up as Trade, Economic Momentum Mulled: Markets Wrap - more

     Monday's market review - Aluminum hits two-week high after China unveils rate reforms - Aluminum touched its highest in more than two weeks on Monday and copper also rose after China unveiled interest rate reforms that could boost the economy of the top metals consumer. - more

      BHP says U.S.-China trade spat not yet hurting demand for its commodities - Top global miner BHP Group said on Tuesday the U.S.-China trade war is not yet affecting demand for its commodities. - more

     Mission to rare metal asteroid could spark space mining boom - Scientists think it is mostly made of nickel and iron, but could also be abundant in more valuable metals such as platinum and gold. - more

      Anti-mining meeting in Ely raises stir - An unannounced meeting in Ely, where anti-mining advocates showed up en masse to share their concerns with representatives of U.S. Sen. Amy Klobuchar, appears to have raised more questions than it answered. - 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

August Archives

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"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated Monday thru Thursday before 7 am CST - Disclaimer Original content and opinions copyright 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.