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Stainless Steel News and Nickel Prices

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Nickel Prices and Stainless Steel Bolts

Stainless Steel News and Prices

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Friday, January 23

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Thursday's trading session at $6.72/lb . Indicators at 6:50 am CST today show 3 month nickel trading around $.13/lb lower, with other London traded based metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to another record high on Thursday, and after a gain of 5,136 tonnes over the last four trading sessions, stockpiles total 423,036 tonnes. They totaled 261,900 tonnes this day last year. Another interesting fact might be the entire gain in nickel stockpiles for this month last year totaled 5,070 tonnes. We are already up 8,136 tonnes this month. If the European stimulus announcement will prove positive for base metals, it has yet to show, with the announcement sending the Euro south, which in turn is putting negative pressure on base metal trading. We are still trading in the $6.50 to $7/lb range with LME stockpile numbers keeping potential China nickel ore shortages in check. Have a  safe and relaxing weekend.
  • Average price of cash nickel so far this month - $6.72/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/lb
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index) (live java chart)
  • Reuters metals morning - Copper drops, on track for sixth week of falls - more

  Reports

  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 77.64
  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • European Debt Crisis Live - more
  • 100 Years of Stainless Steel - more
  • (Yieh) According to report of World Bureau of Metal Statistics (WBMS), the global nickel supply was in a surplus of 169,000 tons in the first eleven months of 2014. In 2013, the global nickel supply was in a surplus of 186,700 tons.
  • China Nickel Imports and Exports Data December 2014 - more
  • China's annual steel consumption drops for first time in three decades - more
  • Australia Wins Iron Ore Market Share in China as Mines Shut - more
  • China PMI shows January factory growth stalls, fans worries over deflation - more

    China Nickel Ore Imports Fall to Four-Year Low on Indonesia Ban - Imports of nickel ore by China, the world’s largest consumer of industrial metals, slumped to the lowest in four years as an Indonesian ban on unprocessed minerals tightened global supply. - more

    World crude steel output increases by 1.2% in 2014 - World crude steel production reached 1,662 million tonnes (Mt) for the year 2014, up by 1.2% compared to 2013. - more

    Russia's Norilsk Nickel Says Weak Ruble Helps Offset Fall in Metals Prices - Falling metal prices are being more than offset by the ruble slide, allowing Russia's Norilsk Nickel to maintain margins despite lower foreign currency earnings, its chief executive said. - more

    China's bonded nickel premiums surge on creeping shortage - Premiums for bonded nickel in China have surged in January, an early warning signal of a shortage in raw feed for China's vast stainless steel industry. - more

    Weak Growth & Indonesia’s Export Ban Curb China’s Nickel Ore Imports - Official data show that in 2014 China, the world’s largest consumer of industrial metals, imported the lowest amount of nickel ore since 2010. Apart from slowing economic growth in the world’s second-largest economy (China’s economic expansion having eased to 7.4 percent year-on-year in 2014), falling nickel ore imports are also caused by Indonesia’s ban on exports of unprocessed minerals (implemented in January 2014) and monsoon rains in the Philippines (limiting production and seaborne trade). - more

    Talvivaara to seek new state bailout - Bankrupt mining firm Talvivaara Sotkamo might need another bailout from the government. - more

    U.S. Trade Balance for Molybdenum in January - November = Overseas outsourced production is up from year-earlier period = According to the calculation of pure molybdenum equivalence based on the statistics released by the U. S. Department of Commerce, the export volume in the period from January to November in 2014 was 652.3 million lbs (up by 23.7% from the year-earlier period), and the import volume was 380.9 million lbs (up by 19.9% ditto). - 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

 January Archives


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

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ASTM F593C, F593D, F593G, F593H,
304 and 316 Stainless Steel Hex Bolts
and ASTM F594 Stainless Hex Nuts
In stock - contact the author for current pricing and availability

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