Week in Review – (we use a different source than we use for daily updates) After a week that ended surprisingly 2-1/2% higher than it had started, nickel returned to its “corrective mood” this week. On Monday, 3 month nickel opened at $15.80/lb, saw a weekly high of $15.99/lb, a low of $15.10/lb, and […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $7.47/lb ($16,470/tonne). Indicators at 6:00 am CST today show nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and started today’s session just under the 52,700 tonne level. Shanghai nickel fell overnight, to 131,070 y/t. Lot of news […]
Cell phone and tablet users – smaller version of this page – (here) Monday, June 30 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Dow Jones reports three month nickel closed Friday’s trading session at $8.58/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.08/lb […]
Friday, January 30 Daily Nickel/Stainless Wrap-up Baltic Dry Index – plus 34 to 1,070. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (MarketWatch) Japanese output falls at record pace, worst may be still ahead // GDP contracts 3.8% as inventories limit […]
Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Nickel was untraded on Monday as the LME was closed for a holiday. Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb lower, with other London traded base metals trading lower as well. Stockpiles of nickel stored in LME approved […]
Wednesday, March 31 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – plus 16 to 2,998. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Yen Declines Toward Eight-Week Low Versus Euro Amid Global Recovery Signs // Japanese Business Sentiment Approaches Pre-Crisis […]
Cell phone and tablet users – smaller version of this page – (here) Tuesday, January 31 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three month nickel closed Monday’s trading session at $4.39/lb . Indicators at 6:00 am CST today show 3 month nickel trading around $.10/lb higher. Stockpiles of […]
Friday, March 30 Daily Nickel/Stainless Steel Wrap-up Sucden’s day old nickel chart – (here). Baltic Dry Index – plus 4 to 934. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China’s Stocks Rise, Capping Best Quarterly Gain in Year on […]
(all ton listings are metric tons = 2204.6 pounds) 4-29 LME nickel ended the week and month at $7.17/lb. Expect next week to be quiet as China is celebrating their week long Labour Day holiday. * Falling 348 tons on Thursday, LME nickel inventories begin the last day of the month at 6,240 tons. […]
Daily Nickel/Stainless Steel Briefing Nickel closed Thursday’s trading session at $8.72/lb ($19,225/tonne). Indicators at 7:00 am CST today show nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and started today’s session just under the 137,200 tonne level. Lot of news today, mostly about, or from, China. Nothing […]
6-30 LME nickel recouped its losses from yesterday, plus some, closing at $6.86/lb. * According to petrochemical giant BP, the world’s oil reserve will last another 41 years at current level’s of production. * LME nickel trading is light this AM selling at $6.53/lb at 8:30 AM EST. 6-29 LME nickel dropped on […]
Thursday, December 28 Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London) Three month nickel closed Wednesday’s trading session at $5.49/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under […]
Thursday, April 30 Daily Nickel/Stainless Wrap-up Baltic Dry Index – plus 14 to 1,786. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Bank of Japan Says Economy to Resume Growing in 2010 After Shrinking 3.1% // Asian Stocks Rise on […]
Updated twice daily before 8:00 am CST and by 1 pm CST Friday, May 30 Daily Nickel/Stainless Wrap-up All daily inventory and official price information moved to morning update. Baltic Dry Index – plus 93 to 11,440. (chart) Live dollar trading graph now in lower right corner of this page – (chart of dollar […]
