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Daily
Nickel/Stainless Steel Briefing
- Nickel closed Friday's trading
session at $7.28/lb
 ($16,050/tonne). Indicators
at 6:00 am CST today show
nickel trading around $.09/lb 
lower. Stockpiles of nickel stored in LME licensed warehouses rose on
Friday and ended last week reading just over the 170,200 tonne level.
Shanghai nickel started the week falling to 126,640 y/t overnight. LME
nickel ended last week just peeking its head above the $16,000 tonne
level. but jitters returned this morning and the price of nickel is
trading below that level. The official beginning of the Chinese New
Year is next Tuesday and typically last one full week, but we are still
waiting on the Shanghai Metals Market to publish their closed
days. Elon
Musk's SpaceX did their part to help stainless steel demand last week
when their stainless steel Starship blew up shortly after takeoff on
Friday. This was after a successful separation, return and capture of
the biggest part that uses stainless steel - the giant rocket. Whatever
your personal feelings are toward Mr Musk, his stainless steel Starship
is a thing of beauty and we look forward to the day when the learning
curve for this beast is behind it. Demand for stainless may fall for
rocket replacements, but Elon is one heck of a sales person for the
aesthetics of stainless steel and good for our industry. Stay safe out
there and have a great week! - Average price of LME traded cash nickel
so far this month
- $6.96/lb
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Reports
- Reuters metals morning - Copper retreats from 1-month high on dollar strength... - 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
- Consumer Loans: Credit Cards and Other Revolving Plans - more
- Truck Tonnage Index - 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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Friday's market
review - Copper Has Gained Most Among Six Industrial Metals on the LME
in 2025 - One industrial metal which has just recorded its longest
winning streak since 2017, with eight consecutive days of ... - more 
Global Stainless Steel CR Coil Market Struggles with Price
Declines, Soft Demand in Key Regions - With the week ending on 10th
January, the global Stainless Steel CR Coil market exhibited price
declines of 0.4% ... - more
Ferrochrome production again only marginally up, Merafe’s
latest report shows - The attributable ferrochrome production from the
Glencore Merafe Chrome Venture for the fourth quarter was 70 000 t,
resulting in ... - more
Rio Tinto, Glencore discuss mega merger to take on BHP - Rio
Tinto Group and Glencore Plc have held early stage talks about
combining their businesses to create a behemoth to rival longstanding
industry titan ... - more
Other News
- Indonesia: The downstreaming dilemma - more
- US FAA probes reports of SpaceX rocket debris
landing in Turks and Caicos - more
- EU plans ban on 'forever chemicals' in consumer products - more
Economic Stats and
Prices (posted in
Friday edition)
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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