LME nickel prices and news

Stainless Steel News and Nickel Prices

Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals analysis and forecasts

Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

Daily Nickel Market News & Stainless Steel Prices

Nickel Prices and Stainless Steel Bolts

    Cell phone and tablet users - smaller version of this page - (here)

Thursday, March 30

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Wednesday's trading session at $4.52/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just over the 378,400 tonne level. LME nickel continues to trade around the $10,000/tonne level. Except for a drop earlier this week, LME cash nickel has traded in the 10,000 to 10,250 tonne range since the second week of this month. If we see another drop in stockpiles today like we have the last three, we could actually end the month at a lower number than we started. The BDI is suddenly back in the news, after rising 30% in the past few weeks. This is a gauge that trades use to follow closely, but you rarely hear it being used as a gauge of international trade anymore. Reuters reported cash nickel fell to a $67 discount yesterday, its lowest discount since January 2015. This is our final update for the week, so have a safe and relaxing weekend.
  • Average price of cash nickel so far this month - $4.66/lb
  • Average price of LME traded nickel in 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 eases on stronger dollar; economic cues eyed - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental 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
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • 'Hard to believe' Barrick didn't order police operation at PNG gold mine - more
  • How Putin’s Pursuit of Stalin’s Arctic Dream Lost Global Appeal - more
  • CEO of steelmaker Posco forges ahead into second term - more
  • Why investors are paying attention to the Baltic Dry Index again - more
  • Euro Drops, Bonds Gain on Dovish ECB; Dollar Rises: Markets Wrap - more

     Antam gets initial clearance for Indonesia nickel ore exports -Official - Indonesia's state-owned miner Aneka Tambang (Antam) has been granted an initial approval to export up to 2.7 million tonnes of nickel ore over the next 12 months, a mining ministry official said on Wednesday. - more

     Environmental push against mines spurs turmoil in Philippines - A harsh environmental crackdown on Philippine mines has not only put pressure on companies and workers in one of the country's most important industries, but also sown seeds of discord within the government itself. - more

     Norilsk Nickel opens new Murmansk terminal, says it will boost Arctic shipments - Distinguished guests assembled on the Murmansk waterfront this week as mining and metallurgy giant Norilsk Nickel opened its new and modernised terminal facility. - more

     LME hit by regulatory delays to proposal to slash margins - Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange (LME) has dealt another blow to the exchange’s ability to fend off competition from US rival CME Group, whose margins are sharply lower. - more

     Service Center Shipments Decline in February - Service center shipments of steel and aluminum in both the United States and Canada fell back in February from January, but remain ahead of the 2016 pace in the U.S., reports the Metals Service Center Institute, Rolling Meadows, Ill.  - more

     Vale to mothball century-old Ontario nickel mine - Living past 100 is no mean feat for any mine, but for the Stobie operation in Sudbury, Ontario, the end finally came on Friday. - more

     Nickel Mine developer Horizonte Minerals kicks of feasibility study drilling programme - Horizonte Minerals Plc has begun drilling work on its Araguaia nickel project in northern Brazil that will contribute to the compilation of a feasibility study. - more

     Former Queensland Nickel workers waiting for answers as Clive Mensink still missing from court - Former Queensland Nickel workers are hoping it is not too late to get answers about the management of the Yabulu refinery after a second warrant was issued for the arrest of Clive Mensink - 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

Wednesday, March 29

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $4.53/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and now total just over the 379,850 tonne level. Warehouse totals remain above where we started the month of March at - and also the year at. Next week we resume the Philippine confirmation process of Gina Lopez for Environmental Minister. If anyone runs into Clive Mensink at your local pub today, tell him the Australian government wants to talk to him. He is believed to be in the Netherlands and apparently, they want him bad enough to extradite. World stainless production increased by 10.2% year on year, according to the ISSF today. The Insurance Council of Australia has declared Typhoon Debbie a catastrophic storm, but its not been reported if the damage there will affect nickel shipments from that country. Only one death has been reported from the storm so far.
  • Average price of cash nickel so far this month - $4.66/lb
  • Average price of LME traded nickel in 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 hits highest in more than a week, demand hopes underpin - more

  Reports

  • Reuters Daily Inside Metals - pdf here
  • KBC Commodity Report - here
  • Angel Metals Fundamental 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
  • European Debt Crisis Live - more
  • Alloyed for Lasting Value video - here
  • Self Repairing for Lasting Value video - here
  • Pound Slips on Brexit Day; European Stocks Drift: Markets Wrap - more

     Stainless steel production for 2016 was 45.8 million metric tons -  The International Stainless Steel Forum (ISSF) has released figures for the full year 2016 showing that stainless steel melt shop production increased by 10.2% year–on–year to 45.8 million metric tons. - more

     (Press Release) For the month of April 2017, North American Stainless will reduce the fuel surcharge to 19% for stainless flat and long products. The surcharge rate is considered a maximum level for April and will be reviewed monthly. - more

     Global Steel Price Recovery Expected To Falter Soon - The global steel market is, currently, unrecognisable from that prevailing at the start of 2016, according to MEPS International. - more

     Vale Indonesia to build $2 billion ferronickel smelter in Southeast Sulawesi - Publicly listed nickel mine operator PT Vale Indonesia plans to build a US$2 billion ferronickel smelter in Pomalaa, Southeast Sulawesi. - more

     4 Lawsuits Now Seek to Block PolyMet Mine Land Exchange - Environmental groups have now filed four lawsuits seeking to prevent the U.S. Forest Service from swapping land for the planned PolyMet copper-nickel mine in northeastern Minnesota. - more

     No-show nephew gets Palmer new court date - Clive Palmer has been told to return to Federal Court to help locate his elusive, globe-trotting nephew Clive Mensink after a second arrest warrant was issued for the Queensland Nickel director. - more

     worldsteel's 4th Steel Safety Day - The World Steel Association (worldsteel) holds its 4th Steel Safety Day on Friday, 28 April 2017. - 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

March Archives


Chart Info Delayed 1 Day

Nickel Graph Temporarily Down

Chart temporarily down

Chart temporarily down


Translate this page to French | German | Spanish | Italian | Portuguese | Chinese | Japanese | Korean | Russian


"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.

Site Sponsors

Advertise your company on this site

Your banner here

MEPS Stainless Steel Price Index

Global 304 SS Index

nickel prices

North America 304 Index

price of stainless steel

EU 304 SS Index

price of nickel

Asia 304 SS Index

Other Sites

Nickel Mining Stock
Stainless Steel Videos
USGS Mineral Reports
Industrial Metals Index
Nonferrous Metals Index
World Disaster Info
NOAA El Nino Updates
Investor Guide

Today's Market

USA Economic Calendar
World Economic Calendar
Europe Markets
Asia/Pacific
TED Spread
LMEX Index
VIX Index
US Futures


LME Margins
LME Calendar
LME Ring Times
Metals MSDS
Nickel Toxicology
Stainless Steel MSDS
USGS Molybdenum Info
USGS Nickel Information
USGS Chromium Information
Tariff Codes (many countries)

Price of Nickel

Nickel Graph Temporarily Down

1 and 5 year nickel chart

Daily Commodity Prices

Site Pages

Stainless Steel Graph/Charts
Stainless Steel Surcharge
Nickel/Stainless Research
Stainless Steel Literature
Ferrochrome Facts
Worldwide PMI

Archives

2017
January February March

2016
January February March
April May June July August
September October
November December
2015
January February March
April May June July August
September October
November December
2014
January February March
April May June July August
September October
November December
2013
January February March
April May June July August
September October
November December
2012 and prior



nickel news




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

Contact author  /   EStainlessSteel Home Page

Your free daily news source for nickel, molybdenum, ferrochrome, chromium, iron ore and stainless steel market prices and news.

Any reproduction in whole, or in part, without permission from the author is prohibited.
© 2003-2017