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Daily Nickel Market News & Stainless Steel Prices

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Nickel Prices and Stainless Steel Bolts

Stainless Steel News and Prices

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Thursday, May 21

    Markets in the US are closed on Monday for Memorial Day, and we will be traveling on Friday. Our next update will be on Tuesday, the 26th. Have a safe and relaxing weekend.

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)

  • Three month nickel closed Wednesday's trading session at $5.93/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.02/lb lower, with other London traded base metals trading mixed and quietly. Stockpiles of nickel stored in LME approved warehouses gained just slightly on Wednesday, but any addition when you are already at record levels, establishes a new record high. Today we started with 446,868 tonnes. The Euro is higher this morning, which gives metals a boost, but initial PMI numbers that have been released, are less than encouraging, which is putting negative pressure on metals. Market news is generally quiet as the US readies itself for a long holiday weekend.
  • Average price of cash nickel so far this month - $6.29/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/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 - Weak dollar, China hopes push copper up off 3-week low - more

  Reports

  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
  • Macquarie metals analyst Vivienne Lloyd  - "You are beginning to see nickel pig iron production coming down and a stabilisation in ore prices, if not a lift, but we need stronger signals that raw material constraints have arrived....We need to see nickel ore prices ticking up in China, that's what traders and funds are looking for."

    LME working on linking with commodity exchanges in China, but process not simple - The London Metal Exchange (LME) is in detailed talks with mainland authorities to create direct trading links with domestic commodity exchanges that would emulate the Shanghai-Hong Kong Stock Connect. - 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, May 20

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Three month nickel closed Tuesday's trading session at $5.88/lb . Indicators at 6:30 am CST today show 3 month nickel trading around $.05/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved warehouses rose to a new record high on Tuesday and now total 446,640 tonnes. The Euro is again down on fears Greece may not meet its IMF loan payment, and this is dragging down metals. For the first time since late April, nickel is trading below its 20 and 50 day moving average, and has fallen thru support levels.  
  • Average price of cash nickel so far this month - $6.32/lb
  • Average price of LME traded nickel in 2014 - $7.65/lb / 2013 - $6.80/lb / avg 2012 - $7.95/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 - Nickel hits one-month low amid record stocks, demand doubts - more

  Reports

  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
  • Sherritt Reports Fatality at the Ambatovy Joint Venture - more
  • Mwana Africa - Chinese shareholder ups stake - more
  • Euro slides as Greek IMF repayment in doubt - more

    Deficit, surplus or balance: What are the real fundamentals of the global nickel market? - Global nickel market fundamentals have been troubling analysts recently with the market constantly forecast to be about to enter a significant deficit. - more

    Indonesia aims 11.8m tonnes processed nickel output in 2015 - Indonesia's Energy and Mineral Resources (ESDM) Ministry is hoping the country will produce up to 11.8 million tonnes of domestically processed nickel ore in 2015. - more

    LME says develops improved warehouse receipt system - The London Metal Exchange said it has developed a new warehouse receipt system with a partner, which it intends to roll out globally and that could help advance its long held ambition to open warehouses in mainland China. - more

    Regency Mines Inks Collaborative Nickel Development Deal In Australia - Regency Mines PLC Wednesday said it has reached agreements with the holders of adjacent nickel tenements to the company's Munglinup tenements in Western Australia to consolidate the area and develop it together. - more

    Courtesy AISI - In the week ending May 16, 2015, domestic raw steel production was 1,705,000 net tons while the capability utilization rate was 72.1 percent. Production was 1,860,000 net tons in the week ending May 16, 2014 while the capability utilization then was 77.3 percent. The current week production represents a 8.3 percent decrease from the same period in the previous year. Production for the week ending May 16, 2015 is up 2.4 percent from the previous week ending May 9, 2015 when production was 1,665,000 net tons and the rate of capability utilization was 70.4 percent.

  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

 May 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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