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Daily
Nickel/Stainless Steel Briefing
- Nickel closed Monday's trading
session at $7.30/lb
 ($16,085/tonne). Indicators
at 5:40 am CST today show
nickel trading around $.01/lb
higher. Stockpiles of nickel stored in LME licensed warehouses went
unchanged on Monday and remain reading just over the 170,200 tonne
level. Shanghai nickel rose to 128,090 y/t overnight. While Trump is
officially back in office, he backed off on his tariff threat for day
one, and has taken the matter under advisement. This means there
remains more questions than answers on one of the political questions
that could affect the price of base metals in the future. At least for
the moment, nickel is quietly creeping northward, and is back above the
$16,000 tonne level. Stay safe out there and have a great Tuesday!
- Average price of LME traded cash nickel
so far this month
- $6.97/lb
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Reports
- Reuters metals morning -
- 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
- ITS State of Steel - 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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Monday's market
review - Copper jumps to 1-month peak after Trump shelves tariffs, for
now - Copper prices jumped to their highest in more than a month after
Donald Trump was quoted as saying the United ... - more
Nickel
sulfate prices to rise after the Chinese New Year - As the Chinese New
Year approaches, the nickel sulfate market has experienced weak trading
activity, as most companies have already completed their ... - more
- Chinese steelmakers to cut production amid
falling demand - more
Stainless steel: how “origami” manufacturing techniques could
transform the industry - The steel industry, a vital supplier for many
sectors and aspects of daily life is traditionally considered one of
the most ... - more
LME approves Hong Kong as delivery point for metals - The
London Metal Exchange has approved Hong Kong as an LME delivery point
and the listing will become active three months after the first
warehouse ... - more
- LME's green light for HK warehouses shot in
arm for business, says Hui - more
Other News
- A partner in stainless steel fasteners - 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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