LME nickel prices and news

Stainless Steel News and Nickel Prices

Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals analysis and forecasts

Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

Thursday, February 15

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Wednesday's trading session at $6.40/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose for the first time since January 22nd yesterday, and started today just over the 339,700 tonne level.  While the rest of the base metals are trading mostly lower this morning, nickel is till on its bullish run. For only the second time this year, nickel closed over the $14,00 tonne level last evening, and was able to close at a level last seen in May 2015. And while up this morning, nickel is well off earlier morning highs of $14,400 tonne ($6.53/lb). We had resistance at $6.30/lb, which has now been beaten once. After yesterday's dip, the Euro is on the gain again and trading at its highest since December 2014. This is a positive for the nickel bulls. This is our last update for the week and we wish our readers a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.06/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Copper climbs as wilting dollar drives base metals gains - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Global Stocks Extend Rebound; Treasuries Decline: Markets Wrap - more

     Wednesday's market review - Nickel hits multi-year high as industrial metals surge - Industrial metals prices rose on Wednesday, with nickel hitting its highest in two and a half years as a weaker dollar made metals cheaper for holders of other currencies. - more

     Renewed demand and low stockpiles could make 2018 Year of the Base Metal - It may be Chinese Year of the Dog but surging demand for base metals and low levels in international stockpiles are all pointing towards 2018 also being Year of the Base Metal. - more

     Malaysia To Impose Antidumping Duties on CRC Steel From China - Malaysias announcement that it will introduce antidumping import duties for cold-rolled stainless steel products from China, Taiwan, South Korea and Thailand is likely to have only a marginal impact on the huge Chinese market, according to analysts. - more

     U.S. Export Volume of Nickel Scrap in December 2017 = Up by 11% from prior month, which is due to recovered export to Canada = According to the statistics released by the U. S. Department of Commerce, the export result of nickel scrap in December 2017 was 2,546 tons, up by 10.7% from 2,300 tons in the prior month, and the average export unit price per ton was US$4,341.54, up by 5.0% from the prior month. - more

     Clive Palmer warns Nickel refinery will not reopen if his assets are frozen - Clive Palmer has warned he will not reopen his North Queensland Nickel (QN) refinery with thousands of extra jobs and instead "enjoy the fruits" of a recent $350 million legal victory, if his assets are frozen. - more

     Cyclone Gita: New Caledonia starts preparations - New Caledonian civil defence authorities have issued a first warning in preparation for Cyclone Gita. - more

     Sudbury letter: Proposed smelter should be a concern - I’ll admit, I have never agreed with Mr. Sottile’s letters in the past, so I wasn’t surprised that I didn’t agree with his latest missive. - 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, February 14

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Tuesday's trading session at $6.10/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.11/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under the 338,700 tonne level. Today was the first time since January 26th, that nickel stockpiles fell by less than 1000 tonnes. Until yesterday, stockpiles had fallen by an average of nearly 1800 tonnes a day this month. According to the SMM, the Chinese holiday begins tonight and ends next Wednesday night. We should hear from them again next Thursday. The bulls have returned and nickel closed well over the $6/lb level. Some of this is thanks for a weakening US Dollar again, which is trading higher this week. Today's early gains in the Euro have since evaporated, so it will be interesting to see what nickel does for the rest of the day.
  • Average price of cash nickel so far this month - $6.04/lb
  • Average price of LME traded nickel in 2017 - $4.73/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb

  Reports

  • Reuters metals morning - Shanghai copper jumps most since Oct on short-covering ahead of holiday - more
  • Reuters Daily Inside Metals - pdf here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Baltic Dry Index - (chart)
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • China appeals to Trump to avoid disrupting trade - more
  • London Metal Exchange aims to ban metal sourced with child labour - more
  • Stocks Gain, Treasuries Steady Before Key CPI Data: Markets Wrap - more

     Tuesday's market review - Supply angst fuels tin's climb towards January's one-year high - Tin prices rose towards recent one-year peaks on Tuesday, boosted by worries about tighter supplies after data showed falling exports from Indonesia and a weaker dollar, which lifted all base metals on the London Metal Exchange. - more

      SMM offices will be closed from Thursday February 15 to Wednesday February 21 for the Chinese New Year holiday.

     Renewed demand and low stockpiles could make 2018 Year of the Base Metal - It may be Chinese Year of the Dog but surging demand for base metals and low levels in international stockpiles are all pointing towards 2018 also being Year of the Base Metal. - more

     Production Plan for Special Steel Products in Jan-Mar 4.9718 Mil. Tons = Down by 0.6% from year-earlier period = On February 6, the Ministry of Economy, Trade and Industry made clear the production plan for hot-rolled special steel products in the period from January to March in 2018. - more

      Sherritt narrows headline loss as cost savings, higher metal prices boost bottom line - Canadian diversified miner Sherritt International has narrowed its headline loss for the 12 months ended December 31, as lower costs and higher commodity prices boosted the bottom line. - 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

February Archives


Chart temporarily down

Chart Info Delayed 1 Day

Nickel Graph Temporarily Down

Chart temporarily down


Translate this page to French | German | Spanish | Italian | Portuguese | Chinese | Japanese | Korean | Russian


"A Guide To LME Trading"...pdf here (all ton listings are metric tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST - 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.

Price of Nickel

Nickel Graph Temporarily Down

Daily Commodity Prices

Site Pages

Stainless Steel Surcharge
Worldwide PMI

MEPS Stainless Steel Price Index

Global 304 SS Index

nickel prices

North America 304 Index

price of stainless steel

EU 304 SS Index

price of nickel

Asia 304 SS Index

Archives

2018
January February

2017
January February March
April May June July August
September October
November December

2016
January February March
April May June July August
September October
November December

2015 and prior


Contact author  /   EStainlessSteel Home Page

Your free daily news source for nickel, molybdenum, ferrochrome, chromium, iron ore and stainless steel market prices and news.

Any reproduction in whole, or in part, without permission from the author is prohibited.
© 2003-2018