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 Daily Nickel/Stainless Steel Briefing
- Nickel closed Friday's trading
session at $7.21/lb
 ($15,900/tonne). Indicators at 5:45 am CST today show
nickel trading around $.02/lb 
higher. Stockpiles of nickel stored in LME licensed warehouses fell on
Friday and ended the week just over the 121,650 tonne level. Shanghai
nickel slipped to 122,800 y/t overnight, its lowest close this year.
LME nickel continues to trade just below the $16,000 tonne level, with
the small bursts of energy taking nickel above that level, being beat
back quickly by the bears. A stronger US Dollar is also hitting London
traded commodities with negative pressure. Second work week of
September begins today and ends on Friday the 13th. Wednesday is the
9/11 attack anniversary and Tuesday is the Presidential candidate
debate. Fastener Index continues to slide, showing manufacturing in the
U.S. continues to slow. Stay safe out there and have a great day, and
week!
- Average price of LME traded cash nickel
so far this month
- $7.29/lb
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 Reports
- Reuters metals morning - not found
- Refinitiv Inside Commodities - pdf here
- SMM Daily Comments - more (dated wrong)
- ING The Commodities Feed - daily here
- U.S. Stainless Steel Scrap Prices - more
- Consumer Loans: Credit Cards and Other Revolving Plans - more
- BLS Employment Situation - pdf here
- August 2024 Fastener Distributor Index - pdf here
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 Shanghai Metals Market
- SHFE Stainless Steel Futures (yuan) - more
- SHFE Nickel Futures (yuan) - more
- SHFE Inventory (updated each Friday) - more
- Shanghai Jinchuan nickel price - here
 London Metals Market
- Yesterday's
LME official prices here
- LME nickel chart - here
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Friday's market review - Copper heads for second
weekly fall on global growth concerns - Copper prices were on track for
a second consecutive weekly fall on Friday as concerns about global
economic growth... - more
In August, China's stainless steel crude steel production
increased by 1.58% - Despite a deep decline in finished product prices,
it is expected that production will continue to climb in September - more
Some nickel matte production lines have been switched to
NPI driven by profits, and new projects have partially offset the
decrease in production - In August 2024, Indonesia's high-grade nickel
matte production ... - more
Environment solution: New metals refinery for nickel and
cobalt opens in Ohio - In a step forward for efforts to acquire the
metals crucial to addressing climate change, on Monday a new plant that
can extract nickel... - more
Shutdown of ‘symbolic’ nickel plant compounds New
Caledonia’s economic woes - For the past 13 years, engineer Didier Bule
has maintained the machinery at the heart of New Caledonia’s Koniambo
nickel plant... - more
 Other News
- Government steps up disaster-relief efforts after Typhoon Yagi pounds Hainan, Guangdong - more
- Typhoon Yagi leaves dozens dead in Vietnam, pounds infrastructure - more
- France injects 130 million euros to keep New Caledonia's economy afloat - more
- Biden decision to kill Nippon Steel deal could spark legal challenge - more
Economic Stats and Prices (posted in Friday edition)
Why Stainless Steel
- Alloyed for Lasting Value video - here
- Self Repairing for Lasting Value video - here
- 100 Years of Stainless Steel Video - here
- Stainless steel: The role of nickel - here
- The Life of Nickel - pdf here
- The Journey of Nickel - video here
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 Слава Україні! - more
- Market Briefing - Commodity Prices - pdf here
- ImportYeti (free) - search here
- 5 Things You Need to Know about Class 1 & 2 and Intermediate Nickel (Transcript) - more
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