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Daily
Nickel/Stainless Steel Briefing
- Nickel closed Thursday's trading
session at $7.39/lb
 ($16,300/tonne). Indicators
at 5:45 am CST today show
nickel trading around $.08/lb lower. Stockpiles of nickel stored in LME licensed warehouses
rose on Thursday and started today reading just shy of the 200,700
tonne level. Shanghai nickel rose to 129,190 y/t overnight. LME finally
got a slap on the wrist in the form of a fine for its lack of
involvement in the March 2022 nickel price surge. Stay safe out there
and have a great weekend!
- Average price of LME traded cash nickel
so far this month
- $7.31/lb
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Reports
- Reuters metals morning - Copper dips as stronger dollar weighs..... - more
- Refinitiv Inside Commodities - pdf here
- SMM Daily Comments - not posted
- Sucden Daily Base Metals - more
- India Daily Stainless Report - more
- ING The Commodities Feed - daily
here
- U.S. Stainless Steel Scrap
Prices
- more
- U.S. Import and Export Price Indexes - Feb 2025 - pdf here
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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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Thursday's market
review - London copper hits five-month high breaking above $10,000/t
mark - London copper prices hit a five-month high on Thursday breaking
above a major psychological mark of $10,000 ... - more
UK watchdog fines London Metal Exchange over handling of
2022 nickel crisis - Britain's financial regulator fined the
London Metal Exchange on Thursday for allowing nickel prices to surge
out of control three .. - more - FCA fines LME £9.2 million for failings during nickel crisis - more
- Final Notice - pdf here
Turkey's stainless steel flat steel imports grow in Jan y-o-y -
According to data from the Turkish Statistical Institute (TUIK), Turkey
imported 52,000 tons of stainless steel flat steel in January,
increasing by 40% ... - more
India: Ferro chrome prices remain stable; OMC chrome ore
auction receives soft response - Indian high-carbon ferro chrome
(HC60%, Si:4%) prices remained largely stable, inching down slightly by
INR 350/t ($4/t) ... - more
How Donald Trump's tariffs are wreaking chaos in the
British metal industry - Over the preceding weeks, Marcegaglia, the
stainless steel company whose long products division he headed up, had
rushed to melt ... - more 
Sudbury, Ont., mayor not phased over what tariffs could
mean for nickel mining - Sudbury's mayor says he's not worried that an
ongoing trade war between Canada and the United States will hurt the
city's nickel .... - more
Other News
- Trump invokes emergency powers to expand critical mineral production - more
- Finland ranked happiest country in the world. The U.S. falls to its lowest-ever position - more
Economic Stats and
Prices (posted in
Friday edition)
- U.S. Steel Import Monitor - here
- SIMA Melt & Pour Dashboard - here
- US Economy At a Glance - more
- US Economic Indicators - more
- US Economic Activity - (every Monday) - pdf here
- US Fed NY Weekly Economic Index - more
- FX Street Economic Calendar - more
- U.S. Treasury Yield Curve - more
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- Iron Ore Price Graph - 1 2 3
- India MCX Nickel Price - more
- Baltic Dry Index - chart
- COVID By The Numbers - here
- How is your state faring? - more
- What time is it in....? - more
- Euro/US Dollar chart - here
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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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