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Stainless Steel News and Nickel Prices

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Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

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Monday, November 20

  Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London)
  • Three month nickel closed Friday's trading session at $5.25/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Thursday and Friday and start the week just under the 379,900 tonne level. Commodity trading in general this morning shows a sea of red, and nickel is no different. Nickel climbed out of a hole on Friday, but its not showing much bullish enthusiasm this morning. The trendline downward remains in place and has yet to be broken. Trading will be somewhat subdued this week for the United States, with Thursday's Thanksgiving holiday being one of the most traveled holiday's, and a long weekend for many. We hope you have a profitable week.
  • Average price of cash nickel so far this month - $5.57/lb
  • Average price of LME traded nickel in 2017(1st half) - $4.43/lb / 2016 - $4.36/lb / 2015 - $5.37/lb / 2014 - $7.65/lb / 2013 - $6.80/lb /
  • (USGS) Metal Prices in the United States Through 2010 - pdf here
  • Baltic Dry Index - (current) (chart)
  • Dollar trading graph - (chart of dollar index)
  • Reuters metals morning - London copper prices supported by resilient China property sector - more

  Reports

  • Damstahl Stainless Steel Report - November 2017 - pdf here
  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here

  Commodity/Economic Comments

  • China Stainless Steel Scrap Market News / Price - more
  • Yieh Daily Asian Stainless Steel News - more
  • Gerdau Steel Market Update - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • (SO) India's stainless steel output to rise by nine percent in FY 2017-18
  • (SMM) China’s stainless steel output is 2,179,600 tons in October, up 2.55% MoM. The total output from January to October is 20.14 million tons, up 6% YoY
  • Euro Shrugs Off German Impasse as Stocks Rebound: Markets Wrap - more

     (Friday wrapup) Nickel gains capped by caution over high inventories - Nickel and copper led the base metals complex higher on Friday, supported by a softer dollar, though both metals ended the week lower. - more

     Nickel loses its electric car fizz, realises it's still a steel play: Russell - The nickel market is learning that there is a difference in believing you are the next big thing in battery metals and the reality that you are actually still beholden to the Chinese steel sector. - more

     Domestic stainless steel output to hit 3.6 mt at 2017-end - The growth is in response to the rising demand for stainless steel, mainly from sectors such as auto, roads and highways, housing and the like, the industry veteran said, adding that the demand will keep rising every year - more

     Vale delays sale of stake in New Caledonia nickel mine - Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the initial bids for the asset came in at the lower end of expectations, two people with knowledge of the matter said. - more

  • Brazil's Vale denies postponing sale of New Caledonia mine stake - more

     Taiwan firm to build 2nd ore-stripping facility in Baguio City - Taiwan-based Philippines Xin Ye Industry Ltd. said it is set to build a second ore-stripping facility in the Philippines. - more

     BHP seeks shale exit within two years; Nickel West on the block - BHP Billiton says it will seek to fully divest its U.S. shale business in the next two years or so and is looking for the right time to sell its Nickel West business in Australia. - more

     Metal Recyclers Prepare for Electric Car Revolution - Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. - more

  • Recycling operations get revamped to meet electric vehicle demand - more

     Production Plan for Special Steel Products in Oct-Dec 5.0718 Mil. Tons = Down by 0.4% from year-earlier period = On November 10, the Ministry of Economy, Trade and Industry made clear the production plan for hot-rolled special steel products in the period from October to December in 2017. - more

     Philippine president keeps open pit mining ban in policy clash - Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, going against the stance of a government panel and the environment minister who are seeking to reverse the policy. - more

     Tesla Truck supercharges hopes for boom in battery metals demand - Tesla Inc.’s plans to roll out an all-electric big rig have given a fresh jolt to the outlook for battery metals that will go into powering the truck founder Elon Musk is calling “The Beast.” - more

     Nickel-based catalyst able to recycle carbon dioxide, methane; control climate change - A cost-effective catalyst has been developed to recycle two of the main causes behind climate change - carbon dioxide (CO2) and methane (CH4). - more

      Plundering LP miner remains unpunished - An influential mine that over-extracted 1.8 million tons of ore worth P2.8 billion continues to operate, escape taxes, and ruin nature. Reports from Tubay, Agusan del Norte, are that SR Metals Inc. (SRMI) goes on leveling mountains for nickel. - more

     Congressional Steel Caucus Urges Completion of Section 232 Investigation - President Donald Trump on April 20 issued a presidential memorandum directing the secretary of commerce to conduct a Section 232 investigation “to determine the effects on national security of steel imports. - 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

November Archives


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"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.

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ASTM F593C, F593D, F593G, F593H,
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and ASTM F594 Stainless Hex Nuts
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