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Stainless Steel News and Nickel Prices

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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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Friday, October 31

  Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London)
  • Dow Jones is reporting three month nickel closed Thursday's trading session at $7.15/lb . Indicators at 6:40 am CST today show 3 month nickel trading around $.12/lb higher, with other London traded base metals trading higher as well. Stockpiles of nickel store din LME licensed warehouse rose to another record high on Thursday and for the last day of October 2014, total 383,442 tonnes. On this date last October, totals recorded 237,576 tonnes. Most world commodity and equity markets are trading higher this morning, after Japan surprised markets, and expanded its quantitative easing measures. Japan has been in a two decades long period of deflation, and its using the easing measures to stimulate the economy into inflation. A recent tax increase by the government had put a damper on earlier stimulus measures. And while Japan is trying to stimulate inflation, its neighbor Russia raised interest rates to slow inflationary pressure in that country. Russia is being hit hard with economic sanctions and the fall in the price of oil. Of concern to the stainless and nickel markets, is news that the Macquarie Commodities Research team has lowered stainless steel production estimates for 2015. We will advise if we learn further on this forecast. Nickel will close up for the week, but before you get overly excited, it is back to trading where it was early last week. Have a safe and relaxing weekend. And Happy Halloween!
  • Average price of cash nickel so far this month - $7.15/lb
  • Average price of LME traded nickel in 2013 - $6.80/lb / avg 2012 - $7.95/lb / avg 2011 - $10.36/lb / avg 2010 - $9.89/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)
  • Bloomberg metals morning - Nickel Leads Industrial Metals Higher on Japan Stimulus - more
  • Reuters metals morning - London copper on track for monthly gain; Japan stimulus sparks rally - more


  Commodity/Economic Comments

  • China E-Stainless Daily Price Index - 79.63
  • 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
  • 100 Years of Stainless Steel - more
  • (FAN) According to report of Macquarie Commodities Research, it has reduced the forecast for the global stainless steel output by 4.3% in 2015 on the yearly basis. Macquarie expected that the stainless steel production would increase by 9.8% in this year compared to the previous year.
  • Macquarie’s LME Week Base Metals Summit Survey - more

    China's Import & Export Results of Nickel in September 2014 - The customs statistics of China shows the import & export results of nickel-containing products in September 2014 in the table below. - more

    Vale May Oust Norilsk as Biggest Nickel Producer as Price Surges - Vale SA is poised to oust Russian billionaire Vladimir Potanin’s OAO GMK Norilsk Nickel as the No. 1 producer of the metal as prices rose 15 percent this year. - more

    Nickel reforms after the fall of NPI - The output of lower grade pig iron is declining, due to the effect of the price on the production rate of the current situation, and this could be favorable in balancing the market, stated the analysts, Roger Yuan and Max Layton, in the report which was published today. - more

    Shake-out of ferrochrome industry overdue - India's ferroalloys producers have built capacity of 5.25 million tonnes (mt), including 3.2 mt of manganese alloys and 1.75 mt of chrome alloys, anticipating much faster growth in domestic production of carbon, alloys and stainless steel than is actually the case. - more

    Non-Ferrous Metals Division: Members urged to share container theft details - Those making decisions with important repercussions for recycling are often ignorant of the environmental and economic benefits accrued from scrap, argued Robert Stein of US-based Alter Trading in his final address after more than seven years as President of the BIR Non-Ferrous Metals Division. “Governments too easily are swayed by political concerns when establishing policies that are often poorly thought out or are influenced by groups that are more interested in their own agenda,” he declared in Paris on October 28. - more

    Norilsk Nickel issues Q3 production results - Norilsk Nickel, the world's largest nickel and palladium producer, announces preliminary consolidated production results for the third quarter of 2014 and nine months of 2014. - 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

 October 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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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

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