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page is archived news covering the period of July 2016
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Wednesday, July 27
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.69/lb. Indicators
at 5:45 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just over the 374,650 tonne level. We will be traveling the rest of this
week, so our next update will be Monday, August 1st. Enjoy the rest of July.
Average price of cash nickel so far this month - $4.64/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
Abe Plans Stimulus Package of More Than 28 Trillion Yen -
more
Nickel
price surge opens the door for Independence Group raising - Nickel miner
Independence Group has been quick to take advantage of the surge in its share
price following the metal's recent rise in value by launching a large placement
while also turning to shareholders for funds. -
more
Gov't
suspends 2 more mining firms in Palawan - The environment department suspended
two more mining companies as its ongoing audit neared the one-month mark.
-
more
Philippines will not allow Tampakan mine to operate as open-pit -minister
-
more
Nickel
miner Sherritt sees lenders deferring Madagascar repayments - July 26 (Reuters)
- Canadian miner Sherritt International Corp is confident it and its partners
in a large Madagascar nickel mine will reach agreement soon with lenders
to defer repaying project loans for several years, Sherritt's chief executive
said on Tuesday. -
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)
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
Tuesday, July 26
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.75/lb. Indicators at
5:45 am CST today show 3 month nickel trading around $.10/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose only slightly on Monday
and still stand just over the 373,600 tonne level. The US Federal Reserve
and Bank of Japan will hold meetings this week, and traders are suddenly
a little more risk wary than they have been recently. No one really expects
the Fed to raise rates, as a move in either direction could damage the stock
market. Nothing has changed in the Philippines, so the main fundamental reason
nickel prices have risen, remains in place.
Average price of cash nickel so far this month - $4.63/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
European Stocks Fall as Yen Gains With Bonds Before Banks Meet -
more
The three bull standouts in China's first-half metals trade: Andy Home -
China's imports of base metals were once the bullish drumbeat to which the
global market marched. -
more
Export
Negotiations on Ferritic Stainless Sheets Go into Full Swing = For September
shipment Negotiations on ferritic stainless steel sheets for Asia by the
Japanese mills have gone into full swing for September shipment. -
more
Vale's
Nickel Production on Target Despite H1 Drop - Jakarta. Vale Indonesia, one
of the country's largest nickel miners, saw its production decline slightly
in the first six months of this year compared to the same period a year ago
after taking the time amid weak commodity demand to carry out maintenance
of its facilities. -
more
Major
mining assets change hands after commodity rout - Large mining companies
are selling off prized assets after the prolonged global commodities markets
rout left some with high levels of debt. -
more
Courtesy AISI
- In the week ending July 23, 2016, domestic raw steel production was 1,703,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,750,000 net tons in the week ending July 23, 2015 while the capability
utilization then was 73.2 percent. The current week production represents
a 2.7 percent decrease from the same period in the previous year. Production
for the week ending July 23, 2016 is down 2.5 percent from the previous week
ending July 16, 2016 when production was 1,746,000 net tons and the rate
of capability utilization was 74.7 percent. -
source
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)
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
Monday, July 25
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.73/lb
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and starts the
week just over the 373,600 tonne level. The news has been and remains, the
crackdown on nickel ore mines in the Philippines. China has been successful
in beating the higher cost of nickel by importing low grade nickel ore and
paying the higher processing cost to extract the nickel. Two years ago their
largest source for this ore dried up when Indonesia banned the export of
raw ore. China in turn, turned to the Philippines for the ore. Now a newly
elected government, has gone after mining in that country. After four nickel
mine closures, the uncertainty of future shipments has driven the price of
nickel to near one year highs. And that uncertainty continues, so don't expect
the volatility to end anytime soon.
Average price of cash nickel so far this month - $4.63/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
European Stocks Climb on German Confidence as Gold, Bonds Fall -
more
Philippines
driving up nickel prices: industry group - Concern over the new Philippine
government's mining policies is helping drive global nickel prices to nearly
one-year highs, the local industry association said Friday. -
more
Hinatuan
nickel mine closure voluntary - The move to halt the mining operations of
Hinatuan Mining Corp., a subsidiary of Nickel Asia Corp., (NAC) was
“voluntary” and not due to any suspension order by the Department
of Environment and Natural Resources (DENR), Secretary Regina Lopez said.
-
more
Philippines' House Speaker wants Congress to license new miners -
more
Market Trend
of Import of Ferroalloy as of 15 July 2016 = Anxiety about FeSi supply comes
up to surface, and molybdenum price continues declining = The market trend
of import of ferroalloy as of 15 July 2016 is as follows. -
more
China Steel
Pours Out Faster Than Ever - Record daily production in June fueled an export
boom, even as other countries threw up barriers -
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)
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
Thursday, July 21
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Wednesday's trading session at
$4.80/lb
. Indicators
at 5:50 am CST today show 3 month nickel trading around $.04/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Wednesday and now total
just under the 375,550 tonne level. Platts China Steel Index has moved higher,
nickel prices are trading higher which means the cost of stainless is or
will be moving higher. The hibernation in the market appears to have
come to an end, with words like volatility becoming part of teh market vocabulary
once again. This is our last update for the week so we wish you all a safe
and relaxing weekend.
Average price of cash nickel so far this month - $4.60/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
(MB) Myanmar lifted its ban on ferro-nickel exports to China on Wednesday
July 13
(Twitter) China June refined nickel imports down 4.21% y/y at 37,127 tonnes
Yen Climbs on Kuroda as European Stocks Fall From Four-Week High -
more
S&P Global
Platts China Steel Sentiment Index rebounded in July - Sentiment in China's
steel market rebounded strongly in July, with most market participants expecting
steel prices to rise over the next month, according to the latest S&P
Global Platts China Steel Sentiment Index (CSSI) for July, which showed a
headline reading of 53.71 out of a possible 100 points. -
more
Nickel Prices
Off The Bottom - Nickel prices have broken through US$10,000/t, and a new
monthly report by SNL Metals & Mining, a group within S&P Global
Market Intelligence, is positive on the metal's prospects over the next 18
months. -
more
Glencore
impeded probe, ministry alleges - Representatives for Glencore Canada Corporation
are scheduled to appear in court Aug. 27 on two charges in connection with
the investigation into the death of a Sudbury miner. -
more
Lopez
halts shipments from Nickel Asia’s Samar mine - Environment Secretary
Regina Paz L. Lopez ordered Nickel Asia Corp.’s (NAC) subsidiary, the
Hinatuan Mining Corp., to halt the transport of ore from its site in Eastern
Samar to curb the hazards posed by excessive soil extraction. -
more
Lopez stops Nickel Asia shipment from E. Samar -
more
Clive
Palmer must spend $100m on repairs to get refinery licence - Clive Palmer
will need to find at least $100 million in maintenance money to repair his
mouldering Townsville nickel refinery in order to snag a crucial government
licence. -
more
Ely residents
sharply divided over mining near BWCA - Wednesday is the last day for the
public to comment on whether two controversial mining leases near the Boundary
Waters should be renewed. -
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)
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, July 20
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.79/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.03/lb
lower. Stockpiles
of nickel stored in LME approved warehouses fell on Tuesday and now total
just over the 377,200 tonne level. The increase in nickel has stalled for
the last week, with $4.81/lb throwing up a line of resistance. The Philippine
Environment and Natural Resources Secretary Regina Lopez as shut down another
nickel mine in her country, making it the fourth we predicted. These are
the same four mines that were targeted by prior and much friendlier political
administrations. Australian media is starting to play the China Sea strife
between China and the Philippines as another reason Lopez is shutting down
mines. We doubt that is the motivation for the closings, but the Philippine
administration might look at it as a side benefit, and could potentially
delay any re-opening.
Average price of cash nickel so far this month - $4.59/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
Stocks Get a Lift From Earnings as Dollar Climbs; Gold Retreats -
more
Philippine
minister asks Nickel Asia to halt Manicani ore exports to China - The Philippine
mining minister said on Wednesday she has asked Nickel Asia Corp to stop
shipping nickel ore to China, citing environmental concerns at the company's
mine on an island along the country's eastern central edge. -
more
Philippines flips the pig nickel finger at China -
more
Palmer
in charge of QLD Nickel safety - Clive Palmer must take charge of safety
at Queensland Nickel otherwise the state government will make him. -
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)
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
Tuesday, July 19
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.78/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just under the 377,750 tonne level. Nickel has held above a resistance level
of $4.70/lb on two consecutive days, which has sent another bullish signal
to traders. We show the next level of resistance at $4.86/lb. The trading
price of nickel is now higher by nearly 20% YTD and up 13.9% in the last
month. You can thank new Philippine Environment Secretary Gina Lopez, who
has expressed her dislike for mining and now has the authority to make life
difficult for miners in that country. Right now, she is shutting down mines
on a weekly basis and it remains to be seen, if this is a move to force change
in environmental safety - or a personal mission to permanently harm the industry.
Average price of cash nickel so far this month - $4.57/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
ENSO neutral, negative Indian Ocean Dipole strengthens -
more
Morgan Stanley Says Year of the Bull Will Push U.S. Yield to 1% -
more
Japan to
Aim for $2,000 CFR of CR austenitic Stainless Sheets for Asia = For September
shipment The Japanese mills of austenitic stainless steel sheets are in a
direction to offer markups by $150 or so from the current ones in negotiations
on cold-rolled (CR) austenitic stainless steel sheets being soon commenced
for Asia for September shipment. If such markups are accepted, their prices
come close to $2,000 CFR. -
more
Interview
with ERAMET Chairman Patrick Buffet in Japan = Cost retrenchment in nickel
business and growth in special steel and ferroalloy divisions are expected
= Chairman & CEO Patrick Buffet of ERAMET Group, France who visited Japan
had a press interview at Hotel Okura situated in Minato-Ku, Tokyo on July
7, and made a statement about its business activity in 2015 and the outlook
for the future business. -
more
Courtesy AISI
- In the week ending July 16, 2016, domestic raw steel production was 1,746,000
net tons while the capability utilization rate was 74.7 percent. Production
was 1,750,000 net tons in the week ending July 16, 2015 while the capability
utilization then was 73.2 percent. The current week production represents
a 0.2 percent decrease from the same period in the previous year. Production
for the week ending July 16, 2016 is up 2.0 percent from the previous week
ending July 9, 2016 when production was 1,712,000 net tons and the rate of
capability utilization was 73.2 percent. -
source
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)
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
Monday, July 18
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.66/lb
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.03/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on Friday and now total
just under the 377,000 tonne level. News from the Philippines has another
nickel mine closing due to environmental concerns. The new government has
shut down three nickel mines in the past week and based on past government
shut downs, we wouldn't be surprised to see at least one more mine shut down.
A pig nickel producer in China has reportedly been shut down due to pollution
concerns there. A reduction in dependence on pig nickel, could force Chinese
stainless steel producers to buy more refined nickel, which in turn would
help accelerate a downturn in current stockpile totals. This could add support
to the bullish run nickel is in.
Average price of cash nickel so far this month - $4.56/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
S&P 500 Futures Rise as Turkish Lira Rebounds After Failed Coup -
more
Global nickel market deficit widens to over 11,000 T in May -INSG - The
global nickel market deficit widened to 11,200 tonnes in May, as low prices
weighed on refined output from top producer China while demand slowly improved,
data from the International Nickel Study Group showed on Friday. -
more
Nickel rally
to lose strength by year-end; aluminium settles into lower-for-longer pattern
- New forecasts predict nickel prices will rise in the short term, however,
the rally will taper off by year-end, as heightened Chinese refined nickel
imports and ore supply disruptions from the Philippines buoy prices. -
more
Philippines
says it suspends a nickel miner in Palawan - The Philippines has suspended
a third nickel mine in less than two weeks and again warned miners not to
violate environmental laws, the cabinet secretary overseeing mining told
a radio station. -
more
Philippines Shuts More Nickel Mines on Environment Crackdown -
more
Japanese
Mills to Raise Prices of HR Ferritic Stainless Sheets by $70-80 - The Japanese
mills of ferritic stainless steel sheets are in a stance to raise their prices
by $70-80 from current prices in negotiations on hot-rolled (HR) ferritic
stainless steel coils for Asia for September shipment, which will be commenced
soon. -
more
Japan's Purchase
Price of HC FeCr for Jul-Sept Up by US Cents 16 = US Cents 106 per lb due
to decreased supply from South Africa = Japanese stainless steel mills have
continued negotiation with several foreign ferro-chrome producers to fix
the purchase price of high-carbon ferro-chrome for the period from July to
September in 2016, and have recently come to an agreement on the price to
be up by US Cents 16 from the prior period. -
more
WA nickel
miners may gain from China stand-off - WA nickel miners may be the
unintended beneficiaries of rising tensions between China and the Philippines
after an international disputes court in the Netherlands this week found
China’s territorial claims in the South China Sea were over-egged. -
more
Deadline
set for Clive Palmer's nickel refinery - Time is counting down for Clive
Palmer to take charge of safety at his Townsville nickel refinery. -
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)
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, July 13
We
are traveling on business the rest of this week so our next update will be
Monday. Have a safe and relaxing weekend.
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.76/lb
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.07/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose again on Tuesday and now
total just over the 378,400 tonne level. Nickel's bull run continues and
while the economic news from China is worsening, those who are eager to keep
the metals run going, are quick to forecast stimulus on the horizon. S&P
Global Platts announced their China steel sentimewnt index fell to a 16 month
low in June. Nickel stockpile numbers have grown six of the nine sessions
this month, although this may just be a suspension in buying while stainless
steel producers wait out the bullish run and see if it has any staying power.
Nickel closed at $4.03/lb one month ago today, and at $5.20/lb one year ago.
Average price of cash nickel so far this month - $4.51/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
Stocks Rally With Copper Showing Brexit Systemic Risks Contained -
more
Nickel
Leads Metals Rally as Goldman Sees Gains on Supply Issues - Nickel rallied
to an eight-month high amid expectations for supply cuts in the Philippines,
the top miner, and as the outlook for more economic stimulus buoyed metals.
-
more
Nickel shortage
expected this year - Nickel, a metal used in stainless steel, is forecast
to be in short supply in 2016 for the first time in six years due to a
combination of slow production growth worldwide and robust demand from the
construction and automobile industries. -
more
‘Next
bull run is coming, but not yet’ - The supply picture has materially
improved following a lack of investment in new capacity in most commodities
and the emergence of potential supply shocks, according to a note by brokerage,
Jefferies. -
more
All change in the world of industrial metals trading? Andy Home - China has
loomed large over the world of industrial raw materials for many years. -
more
Lundin Mining
to increase mine life of Eagle mine to 2020, following assessment - Lundin
Mining, the Canadian based metals mining company, has announced that it will
increase the mine life of its Eagle mine in northern Michigan to 2020, following
the results of a Preliminary Economic Assessment (PEA). -
more
China
June exports and imports both fall, trade outlook dim - China's exports fell
more than expected in June as global demand remained stubbornly weak and
as Britain's decision to leave the European Union clouds the outlook for
one of Beijing's biggest markets. -
more
Global steel index shows Chinese sentiment has hit 16-month lows -
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)
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
Tuesday, July 12
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.56/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.15/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Monday and now total
just over the 3788,100 tonne level. Nickel continues to climb and we are
in one of those bullish stampedes that make little sense and so trying to
describe what is happening is a waste of time. The market is wound up after
being dormant so long and the enthusiasm this bullish run is being met with
- speaks for itself. This isn't Pamploma, so unless you want to get hurt,
don't try to run with the bulls and start protecting yourself. Goldman is
predicting nickel could increase by another $1/lb in the next six months
so some believe this bull has plenty of room yet to run.
Average price of cash nickel so far this month - $4.49/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
Stocks Advance on Stimulus Bets as Investors Bail on Bonds, Yen -
more
Nickel leads
metals higher as Goldman sees $12 000 in six months - Nickel led metals higher,
rising for a third day, as Goldman Sachs Group predicted a surge in prices
over six months driven by probable supply cuts in the Philippines, the biggest
ore producer. -
more
Gina
Lopez: Philippine Mining Act an 'unfair' law - 'We have to change that,'
the environment secretary says of the Mining Act of 1995. She says the law
is 'skewed towards the mining sector, and not towards our people.' -
more
Japan's Purchase
Price of HC FeCr for Jul-Sept Up by US Cents 16 = US Cents 106 per lb due
to decreased supply from South Africa = Japanese stainless steel mills have
continued negotiation with several foreign ferro-chrome producers to fix
the purchase price of high-carbon ferro-chrome for the period from July to
September in 2016, and have recently come to an agreement on the price to
be up by US Cents 16 from the prior period. -
more
Eramet's nickel business SLN agrees to 200 mln euro state loan
- Mining group Eramet said that the board of its nickel subsidiary SLN in
New Caledonia has approved a 200 million euro ($222.28 million) loan from
the French government, aimed at helping the loss-making business survive
a severe market downturn. -
more
Long
wait for better nickel returns - Production at the historic Long nickel mine
near Kambalda is at its lowest level in six years, as diversified miner
Independence Group awaits a recovery in prices for the stainless steel
ingredient. -
more
PolyMet files
first major mine permit applications - PolyMet Mining has submitted its first
three major state permit applications, which it's calling "another important
milestone" in its bid to open the first ever copper-nickel mine in Minnesota.
-
more
Courtesy AISI
- In the week ending July 9, 2016, domestic raw steel production was 1,712,000
net tons while the capability utilization rate was 73.2 percent. Production
was 1,750,000 net tons in the week ending July 9, 2015 while the capability
utilization then was 73.2 percent. The current week production represents
a 2.2 percent decrease from the same period in the previous year. Production
for the week ending July 9, 2016 is down 1.4 percent from the previous week
ending July 2, 2016 when production was 1,737,000 net tons and the rate of
capability utilization was 74.3 percent. -
source
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)
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
Monday, July 11
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Friday's trading session at
$4.49/lb. Indicators
at 5:50 am CST today show 3 month nickel trading around $.09/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose for the fourth session this
month and start the week just under the 377,750 tonne level. Volatility in
nickel trading continues as traders watch the Philippine's new government
animosity toward mining develop and world economies slow to a point where
more government stimulus is probable. Money remains cheap and Brexit has
given the Fed an excuse to keep it that way. Nickel has traded within a
$1000/tonne range so far this month and a typical day has seen trading
within a $400 tonne range. Volatility rules.
Average price of cash nickel so far this month - $4.47/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
Global Stocks Rise With Copper as Japan Stimulus Bets Weaken Yen -
more
Copper Leads Metals Higher on Japanese Stimulus, U.S. Jobs Data -
more
Zambales Gov suspends mining - Zambales: Newly installed Gov. Amor
Deloso on Thursday issued a mining moratorium in the entire province, vowing
to stop the environmental destruction resulting from said operations. -
more
Philippines suspends 2 nickel mines, halts permits in environmental crackdown
-
more
Global nickel
demand outlook flat for 2016, 2017 amid lack of drivers - World nickel
consumption is expected to stay flat in 2016 and 2017 as a result of weak
economic growth and no rise in steel production, the Australian Department
of Industry, Innovation and Science said Friday in its June quarterly report
on resources and energy. -
more
LME Ni Average Price in June Up by 3% from Prior Month = Inventory level
dips below 380,000 tons = LME monthly average nickel price in June 2016 was
Cash seller: US$8,915.45 per ton (US$4.044 per lb) and 3-month seller:
US$8,962.00 per ton (US$4.065 per lb). -
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)
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
Thursday, July 7
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
6:00 am CST today show 3 month nickel trading around $.09/lb
lower. Stockpiles
of nickel stored in LME approved warehouses rose for a second consecutive
day on Wednesday, and now total just over the 378,250 tonne level. While
industry news is light, the volatility in the trading price of nickel remains
intact, with the daily trading range over the last five days in the $.20
- $.25/lb range. We don't expect it to calm down anytime soon. This is our
last update for teh week, so we wish our readers a safe and relaxing weekend.
Average price of cash nickel so far this month - $4.49/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
European Stocks Rise as Oil Advances Toward $48; Pound Rebounds -
more
Market Trend
of Import of Ferroalloy as of 30 June 2016 = Prices of silico manganese and
molybdenum continue declining = The market trend of import of ferroalloy
as of 30 June 2016 is as follows. -
more
Miners
urged to better manage volatility - Mining companies need to act faster to
eradicate the "excesses of the boom" in order to survive ongoing commodity
price volatility and global economic uncertainty, according to EY. -
more
Clive
Palmer’s sacked workers cost taxpayers $64 million - Federal taxpayers
have shelled out $64 million to pay redundancy entitlements for workers
sacked at Clive Palmer’s Townsville nickel refinery after his business
collapsed. -
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)
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, July 6
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Tuesday's trading session at
$4.40/lb
. Indicators
at 6:00 am CST today show 3 month nickel trading around $.01/lb
higher. Stockpiles
of nickel stored in LME approved warehouses rose on Tuesday and now total
just over the 377,600 tonne level. Inventory increases are a rarity these
days, only happening twice during the month of June. The bullish run for
nickel appears to be hitting some headwinds, as concerns over world growth
after Brexit, is overshadowing concerns about potential supply disruptions
from the Philippines. We show major resistance around $4.70/lb with initial
support at $4.20/lb.
Average price of cash nickel so far this month - $4.52/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
Stocks Slide With Pound Amid Renewed Worries Over Global Growth -
more
Negative Indian Ocean Dipole emerges as Pacific Ocean remains neutral -
more
Nickel
industry sees a ray of hope - WA nickel producers finally have some cause
for optimism after a dismal first half of the year, as the price of the
steelmaking commodity hit eight-month highs this week. -
more
Can
You Spare a Nickel, Mr. Duterte? - Nickel has been the worst performer of
the London Metal Exchange's six major metals over the past year. -
more
Cuba warns
of energy problems, cuts some work hours - Cubans face tough times in the
energy sector in the coming months, official media has warned amid orders
from authorities to implement power-saving measures and some state-run entities
reducing hours of operation. -
more
Norilsk Nickel
- Substantial Upside Potential Due To Growing Nickel And Palladium Market
Deficits - There is a number of signs that commodity markets have finally
bottomed, hence it is time to think about stocks which will benefit from
a recovery. -
more
Courtesy AISI
- In the week ending July 2, 2016, domestic raw steel production was 1,737,000
net tons while the capability utilization rate was 74.3 percent. Production
was 1,758,000 net tons in the week ending July 2, 2015 while the capability
utilization then was 74.1 percent. The current week production represents
a 1.2 percent decrease from the same period in the previous year. Production
for the week ending July 2, 2016 is down 1.1 percent from the previous week
ending June 25, 2016 when production was 1,757,000 net tons and the rate
of capability utilization was 75.1 percent. -
source
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)
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
Tuesday, July 5
Daily
Nickel/Stainless Steel Briefing(8:00 AM CST is 1PM in London)
Three month nickel closed Monday's trading session at
$4.54/lb. Indicators at
6:00 am CST today show 3 month nickel trading around $.02/lb
higher. Stockpiles
of nickel stored in LME approved warehouses fell on both Friday and Monday
after rising slightly on Thursday. Stockpiles now stand just under the 376,850
tonne level. What a difference a few days make. Nickel traded as high as
$4.72/lb on Friday, as nickel's bullish run went a little nuts, before falling
back to close. To give you an idea of just how wound up the bulls are after
a long drought, the market has risen from a lot of $8800/tonne to a high
of over $10,400/tonne in the last eight trading sessions. Since the beginning
of the year, nickel has traded as low as $7710/tonne on Feb 11th, to a high
of $9550/tonne on May 3rd, prior to the last few weeks. Bulls have taken
advantage of the Philippine news and run with it, and there is no reason
to believe it will end, unless or until, the new Philippine administration
clarifies some of their threatening language toward mining, and thus, nickel
mines. We believe the bull run is unjustified, but understand why it is
happening. Keep in mind, we have been here before and markets that rise unusually
fast, have a history of falling equally fast. Timing the moves is where trades
are won and loss.
Average price of cash nickel so far this month -
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
ICBC Standard Bank - "Metals have sailed through the Brexit-related
choppiness more or less unscathed. The potential for quantitative easing
... along with the lack of a Fed rate hike have given prices some support."
Pound Slides With Stocks as Record-Low Yields Paint Glum Outlook -
more
Nickel
Rises to Eight-Month High After Top Producer Warns Miners - Nickel rose to
the highest in eight months after the Philippines, the world’s largest
producer of the ore, threatened to close mines that fail to meet environmental
standards. -
more
Nickel Slides From Eight-Month High as Metals Optimism Fades -
more
Philippines
to review all mines as environmentalist takes the helm - The Philippines
will review all mines operating in the country, the new mining minister said
on Friday, as the committed environmentalist vowed to determine whether the
industry is hurting the Southeast Asian nation. -
more
Duterte administration to review all mines as environmentalist takes the
helm -
more
Global
Ferronickel sees 20% more nickel output - Miner Global Ferronickel Holdings
Inc. expects nickel output to increase by 20 percent to 6 million metric
tons (MT) next year when its Palawan site commences operations. -
more
Operations
at Ramu Nickel JV in Papua New Guinea set to restart - Australia's Highlands
Pacific has reported that operations at the Ramu Nickel joint venture (JV)
at Basamuk near Madang in Papua New Guinea (PNG) are set to resume after
the completion of rectification work. -
more
Public
outcry over nickel in Coway’s ice makers - Coway, which rents out household
products, has reportedly kept consumers in the dark for an entire year regarding
nickel found in its ice makers, causing outrage and fears about health risks.
-
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)
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
"A Guide To LME
Trading"...pdf here(all ton listings are metric
tons = 2204.622 pounds ) Updated Monday thru Thursday before 8 am CST -
DisclaimerOriginal 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.
Daily
Nickel/Stainless Steel Briefing
(8:00 AM CST is 1PM in London)
. Indicators
at 5:45 am CST today show 3 month nickel trading around $.01/lb
Reports
Commodity/Economic Comments
Nickel
price surge opens the door for Independence Group raising - Nickel miner
Independence Group has been quick to take advantage of the surge in its share
price following the metal's recent rise in value by launching a large placement
while also turning to shareholders for funds. -
Gov't
suspends 2 more mining firms in Palawan - The environment department suspended
two more mining companies as its ongoing audit neared the one-month mark.
-
Nickel
miner Sherritt sees lenders deferring Madagascar repayments - July 26 (Reuters)
- Canadian miner Sherritt International Corp is confident it and its partners
in a large Madagascar nickel mine will reach agreement soon with lenders
to defer repaying project loans for several years, Sherritt's chief executive
said on Tuesday. -
Morning Nickel
Price Statistics & Figures
. Indicators at
5:45 am CST today show 3 month nickel trading around $.10/lb
The three bull standouts in China's first-half metals trade: Andy Home -
China's imports of base metals were once the bullish drumbeat to which the
global market marched. -
Export
Negotiations on Ferritic Stainless Sheets Go into Full Swing = For September
shipment Negotiations on ferritic stainless steel sheets for Asia by the
Japanese mills have gone into full swing for September shipment. -
Vale's
Nickel Production on Target Despite H1 Drop - Jakarta. Vale Indonesia, one
of the country's largest nickel miners, saw its production decline slightly
in the first six months of this year compared to the same period a year ago
after taking the time amid weak commodity demand to carry out maintenance
of its facilities. -
Major
mining assets change hands after commodity rout - Large mining companies
are selling off prized assets after the prolonged global commodities markets
rout left some with high levels of debt. -
Courtesy AISI
- In the week ending July 23, 2016, domestic raw steel production was 1,703,000
net tons while the capability utilization rate was 72.8 percent. Production
was 1,750,000 net tons in the week ending July 23, 2015 while the capability
utilization then was 73.2 percent. The current week production represents
a 2.7 percent decrease from the same period in the previous year. Production
for the week ending July 23, 2016 is down 2.5 percent from the previous week
ending July 16, 2016 when production was 1,746,000 net tons and the rate
of capability utilization was 74.7 percent. -
China Steel
Pours Out Faster Than Ever - Record daily production in June fueled an export
boom, even as other countries threw up barriers -
Nickel Prices
Off The Bottom - Nickel prices have broken through US$10,000/t, and a new
monthly report by SNL Metals & Mining, a group within S&P Global
Market Intelligence, is positive on the metal's prospects over the next 18
months. -
Glencore
impeded probe, ministry alleges - Representatives for Glencore Canada Corporation
are scheduled to appear in court Aug. 27 on two charges in connection with
the investigation into the death of a Sudbury miner. -
Interview
with ERAMET Chairman Patrick Buffet in Japan = Cost retrenchment in nickel
business and growth in special steel and ferroalloy divisions are expected
= Chairman & CEO Patrick Buffet of ERAMET Group, France who visited Japan
had a press interview at Hotel Okura situated in Minato-Ku, Tokyo on July
7, and made a statement about its business activity in 2015 and the outlook
for the future business. -
We
are traveling on business the rest of this week so our next update will be
Monday. Have a safe and relaxing weekend.
Eramet's nickel business SLN agrees to 200 mln euro state loan
- Mining group Eramet said that the board of its nickel subsidiary SLN in
New Caledonia has approved a 200 million euro ($222.28 million) loan from
the French government, aimed at helping the loss-making business survive
a severe market downturn. -
Cuba warns
of energy problems, cuts some work hours - Cubans face tough times in the
energy sector in the coming months, official media has warned amid orders
from authorities to implement power-saving measures and some state-run entities
reducing hours of operation. -
Operations
at Ramu Nickel JV in Papua New Guinea set to restart - Australia's Highlands
Pacific has reported that operations at the Ramu Nickel joint venture (JV)
at Basamuk near Madang in Papua New Guinea (PNG) are set to resume after
the completion of rectification work. -
Public
outcry over nickel in Coway’s ice makers - Coway, which rents out household
products, has reportedly kept consumers in the dark for an entire year regarding
nickel found in its ice makers, causing outrage and fears about health risks.
-
