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Daily
Nickel/Stainless Steel Briefing
- Nickel closed Thursday's trading
session at $7.09/lb
 ($15,630/tonne). Indicators
at 5:40 am CST today show
nickel trading around $.02/lb 
higher. Stockpiles of nickel stored in LME licensed warehouses rose on
Thursday and started today reading just over the 173,800 tonne level.
Stockpiles have risen nearly 13,300 tonnes so far this year, Shanghai
nickel slipped to 123,710 y/t overnight. Chinese metals markets
will close next
Tuesday for Chinese New Year and reopen on Wednesday, February 5th.
This can make for a slow news week, and with a new administration
keeping the media busy, news about stainless steel and nickel may be
hard to come by next week. But we will be here and invite you to stop
by as well. Stay safe out there and have a great weekend!
- Average price of LME traded cash nickel
so far this month
- $6.99/lb
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Reports
- Reuters metals morning - Copper hits 10-week peak on hopes for Trump deal with China - more
- Refinitiv Inside Commodities - pdf here
- SMM Daily Comments - more
- Sucden Daily Base Metals - more
- ING The Commodities Feed - daily
here
- U.S. Stainless Steel Scrap
Prices
- more
- United States - Producer Price Index by
Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless
Steel - more
- SFSA Casteel Reporter – January 2025 - more
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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
- Daily Metal Values - more
- LME nickel chart - here
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Thursday's market
review - Copper prices dented by
profit-taking amid tariff and China uncertainty - Copper prices
retreated on Thursday as investors locked in profits from a recent
rally, awaiting further clarity ... - more
Stainless Steel Spot Stabilized Before the Holiday, Inventory Buildup
Wave May Follow After the Holiday [SMM Analysis] - This week, stainless
steel spot prices remained stable, with the market relatively sluggish.
... - more
- China's
stainless steel market shows rising exports & reduced imports
in 2024 - more
Indonesia approves 2025 nickel mining quota -
Indonesia
has approved the 2025 nickel mining quota at 298.5 million wet metric
tons, the country’s nickel miner association APNI told a parliamentary
hearing. - more
- Indonesia Follows The Chinese Market-Control
Playbook In Nickel - more
Saudi Arabia Faces Investor Doubts Over Big Mining Ambition
- Saudi
Arabia faces a pivotal moment in its push to build a metals and mining
hub, with foreign players still showing more hunger for the kingdom’s
... - more
Universal Stainless Announces Completion of its
Acquisition by Aperam - Universal Stainless & Alloy Products,
Inc.
(“Universal” or the “Company”) today announced the completion of its
previously-announced ... - more
 Other News
- JP Morgan's Dimon argues tariffs are good for US
security even if inflationary: 'Get over it' - more
- EU imported 5.04 million tons of steel raw
materials from Russia in January-November - more
- Canada vows strong response to Trump’s tariff
threats, Mexico urges ‘calm’ - more
- Trump at Davos: NATO 5% push, tariff warnings
for Europe - more
- Dun & Bradstreet Global Business
Optimism Insights Report reveals cautious economic outlook for Q1 2025
- more
- What's Your Chinese Zodiac Sign? - more
Economic Stats and
Prices (posted in
Friday edition)
- U.S. Steel Import Monitor - here
- SIMA Melt & Pour Dashboard - here
- US Economy At a Glance - more
- US Economic Indicators - more
- US Economic Activity - (every Monday) - pdf here
- US Fed NY Weekly Economic Index - more
- FX Street Economic Calendar - more
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- Iron Ore Price Graph - 1 2 3
- India MCX Nickel Price - more
- Baltic Dry Index - chart
- COVID By The Numbers - here
- How is your state faring? - more
- What time is it in....? - more
- Euro/US Dollar chart - here
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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
- How is Stainless Steel Pipe Made - more
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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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