 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
$6.76/lb
 . Indicators
at 6:50 am CST today show 3 month nickel trading around $.02/lb
 higher, with other
London traded base metals trading mostly higher, but quietly. Stockpiles
of nickel stored in LME approved warehouses fell on Thursday and now total
just under 177,950 tonnes. This is the second day of declines since setting
a new all time record high of 179,556 tonnes. European stocks are trading
higher this morning and US market futures are higher. Marketwatch put it
this way this morning "The stock market will get another chance to go
all Wonder Woman on whatever economic indicators are fired off this morning,
just like it’s pretty much been able to do all week. And all earnings
season. A dip in housing starts? Ping! Rising jobless claims? Clack! Weakness
on the manufacturing front? Tzing! A complete halt to the Fed’s cash
infusion flood? Well, she might need to warm up the invisible jet when that
time comes." Have a safe and relaxing weekend.
-
Average price of cash nickel so far this month - $6.83/lb
-
Average cash price of nickel last month - $7.09/lb / average last year
- $8.08/lb
-
Baltic Dry Index -
(current)
(chart)
-
Dollar trading graph -
(chart of dollar index)
(live
java chart)
-
Bloomberg metals morning -
-
LME Morning - Base metals lack purpose, no clear drivers at present -
more
Reports
-
Reuters Metals Insider - pdf
here
-
Commodities Daily -
here
-
Commonwealth Daily Alert -
pdf here
-
Oakvale Daily Market Report -
more
-
KBC Commodity Report -
here
-
Angel Metals Fundamental Report -
here
-
Weekly Market Report - pdf
here
-
DNB Metals Weekly - pdf
here
-
Mico Metals Weekly - pdf
here
-
Hedge Equities Commodity Report -
pdf here
-
MacNicol Morning Notes -
pdf here
-
Alpari Global Markets Daily -
pdf here
-
Mangal Commodities Metals & Energy -
pdf here
-
Danske Weekly Focus - pdf
here
Commodity/Economic Comments
-
China E-Stainless Steel Daily Price Index - 86.10
-
2013 Reuters Nickel Price Forecasts -
more (World Bank forecast 2013 -
$8.16/lb)
-
China Stainless Steel Scrap Market News / Price -
more
-
Yieh Daily Asian Stainless Steel News -
more
-
Stainless Steel Daily Scrap Prices -
more
-
Gerdua Steel Market Update -
more
-
European Debt Crisis Live -
more
-
(SO) According to statistics released by Japan's Ministry of Finance, Japan's
nickel ore imports totaled 505,158 metric tons in March this year, rising
by 42.8 percent month on month and up 70 percent compared to March 2012.
In the first quarter of the year, Japan's nickel ore imports amounted to
1.2 million metric tons, increasing by 27.5 percent year on year.
-
The History of Stainless Steel – Celebrating 100 Years -
more
-
Mining sector fund-raising drops 24% -
more
-
Mine union threatens to bring South Africa to "standstill" -
more
-
China's daily steel output hit record high in early May-CISA data -
more
-
(China) FDI growth up for third consecutive month -
more
-
EUROFER: shift to low carbon economy creating enormous tensions -
more
Can the Anticipated 2013 Nickel Surplus be Reduced? - Nickel had a rough
2012, and so far it looks like 2013 will not be much better — that is,
unless the market sees some key changes. -
more
 European
stainless steel producers divided over alloy surcharge - European stainless
steel producers remain divided over whether an alloy surcharge for customers
is hurting the industry. -
more
 China
nickel-pig-iron producers cut costs amid weak demand - China's producers
of nickel-pig-iron are racing to upgrade their facilities as reduced demand
from stainless steel mills and weaker nickel prices drive them to cut costs.
-
more
China's
Production of Crude Stainless Steel in Jan.- Mar. Is 4.405 Mil. Tons - According
to Stainless Steel Council of China Special Steel Enterprises Association,
China's production of crude stainless steel in the period from January to
March in 2013 was 4.405 million tons, drastically up by 28.3% from the
year-earlier period. -
more
China Stainless
Steel Index over last 12 months - 304-2B (some of the price decline is
due to the price of nickel falling - but also demand destruction. The last
peak came right after the 2013 Spring Festival, and has since dropped when
demand did not return like analysts had forecast)
Shanghai
#1 Nickel Spot Price YTD - January 7, 2013 121000-122000 RMB/T to May 16,
2013 104200-105500 RMB/T
China 304
Sabot Scrap Index YTD in Shanghai - Jan 7, 2013 11900-12100 CNY/T to May
15, 2013 - 9400-9600 CNY/T
 Rescue
plan for Tati Nickel mine - The Moscow-based Norilsk Nickel mining giant
has devised a rescue plan for its struggling Botswana mining operations at
Tati Nickel Mining Company (TNMC), Mmegi Business has been informed. -
more
Xstrata Nickel calls Dominican Republic mine fears a “myth” - Dominican
Republic stands to make at least US$5.4 billion in the next 25 years from
the Loma Miranda mine, said Xstrata Nickel Falcondo executives, who on Wednesday
called notions of ravaged crops, forests and species a “myth.”
-
more
 Madang to
have ecology office to monitor mine - Madang will soon have its own officers
to monitor environmental impacts from the Ramu nickel project. -
more
 Xstrata
investigated for local debt loading - The tax office has investigated Swiss
mining giant Xstrata over its debt-driven $19 billion purchase of Canadian
nickel miner Falconbridge in 2006 through its Australian arm, according to
The Australian. -
more
 Glencore
Names Tony Hayward Interim Chairman After Bond Ousted - Glencore Xstrata
Plc (GLEN) appointed former BP Plc (BP/) Chief Executive Officer Tony Hayward
as interim chairman after John Bond was ousted by shareholders of the
world’s largest exporter of power-station coal. -
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)
-
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 reports and information
free of charge.
Contact
us
|
Service Center
Shipments of Steel Improved in the United States and Steel and Aluminum Shipments
Improved in Canada - U.S. service centers shipments of steel products in
April 2013 increased 2.1% from April 2012. Steel product inventories at the
end of April 2013 decreased 2.1% from last month. -
Production
of FeCr in India Drops Due to Shortage of Indigenous Cr Ore =Due to ban order
on consignment production to Tata Steel and sharp drop in quantity shipped
from major mines= At the moment, the production volume of ferro-chrome in
India has dropped drastically. -
Outokumpu
reviews its high performance alloys business - Stainless steel producer
Outokumpu, headquartered in Finland has started a strategic review of its
high performance alloys VDM business unit. -
