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 Daily Nickel/Stainless Steel Briefing
- Nickel closed Tuesday's trading
session at $8.03/lb
 ($17,700/tonne). Indicators at 5:45 am CST today show
nickel trading around $.01/lb
lower. Stockpiles of nickel stored in LME licensed warehouses jumped on
Tuesday and started todays session reading just under the 132,400 tonne
level. Shanghai nickel rose to 135,080 overnight. After
a nearly $400/tonne drop within a few minutes yesterday, nickel bulls
crawled
back the price $200/tonne to lessen the overall daily loss. This
morning, while slightly lower, nickel is hanging on too most of those
late day gains, and so far, escaping a rout. Milton is due into Florida
this evening, while much of the Southeast is still trying to recover
from Helene. Stay safe out there and have a great hump day! - Average price of LME traded cash nickel
so far this month
- $8.00/lb
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 Reports
- Reuters metals morning - Copper hits two-week low - more
- Refinitiv Inside Commodities - pdf here
- SMM Daily Comments - more
- ING The Commodities Feed - daily here
- U.S. Stainless Steel Scrap Prices - more
- AMT LME COTR Analysis 08.10.24 - more
- NAB Commentary: China Economic Update - 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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Tuesday's market review - Copper hits two-week low
as Chinese stimulus disappoints - Copper prices fell on Tuesday to
their lowest in two weeks, after top metal consumer China failed to
convince investors ... - more 
Global molybdenum production rises while use falls in Q2
2024 - Figures released today by the International Molybdenum
Association (IMOA) show that global production of molybdenum rose by 1%
to 159.2 .... - more
Thailand launches AD investigation on Vietnam’s
cold-rolled stainless steel products - On October 3, 2024, the
Department of Foreign Trade (DFT) of Thailand announced the launch of
an anti-dumping ... - more
Cleveland-Cliffs Clears U.S. Department of Justice
Antitrust Review for the Acquisition of Stelco - Cleveland-Cliffs Inc.
today announced the expiration of the waiting period under the
Hart-Scott-Rodino Antitrust ... - more
Back-to-Back Hurricanes Wreak Havoc on Supply Chains -
Two weeks after Hurricane Helene slammed the East Coast, resulting in
at least 230 deaths, Hurricane Milton is expected to reach landfall
Wednesday ... - more
Ratan Jindal: Stainless Steel Executive of the Year -
Steel and Metals Market Research (SMR) GmbH, an international
independent market research organisation, recently conferred the
Stainless-Steel Executive ... - more
Moment of Science: Stainless Steel - It’s a shining
example of science in action, even if it doesn’t look all that active.
This week, we’re finding out how stainless steel came to be. - more
Other News
- Steelmakers eager to ‘maximise sales’ at fastener fair - more
- Flawed parts made for Boeing threatened plane safety, Italian prosecutors find - more
- Rising unemployment does not mean recession is inevitable - more
- Thousands flee Hurricane Milton, causing traffic jams and fuel shortages - more
- Florida gas stations run empty amid panic ahead of Hurricane Milton - 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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