(all ton listings are metric tons = 2204.6 pounds – what we use to determine closing – see bottom of page) 6-30 LME nickel ended the day at $6.78/lb. * Far Eastern countries are starting to express deep concerns for the high oil prices. Fairfax Digital is quoting Andy Xie, an economist at Morgan […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $4.94/lb ($10,890/tonne). Indicators at 6:10 am CST today show nickel trading around $.12/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and started the day just over the 230,200 tonne level. Nickel, along with just about everything else trade able, is […]
US markets are closed on Thursday for the Thanksgiving holiday. Our next update will be Monday, December 1st. Happy Thanksgiving and have a safe and relaxing weekend. Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Dow Jones is reporting three month nickel closed Wednesday’s trading session at $7.47/lb . Indicators […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $7.35/lb ($16,200/tonne). Indicators at 5:40 am CST today show nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and read just over the 158,950 tonne level this morning. Shanghai nickel rose to 127,200 y/t overnight, and we are […]
Cell phone and tablet users – smaller version of this page – (here) Monday, August 31 London Metal Exchange is closed today for Summer Bank Holiday. Chinese markets are only open the first three days of this week. Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three […]
Today’s official LME nickel closing prices – cash – $12.60/lb – 3 months buyer – $12.70/lb (101% higher than 1/1/06). The Baltic Dry Index slipped again today, falling 32 points to 7,211. LME inventories were up, but just barely. The warehouse at Rotterdam, Netherlands, received another 138 tonnes of nickel, while they shipped 72 tonnes, […]
Daily Nickel/Stainless Steel Briefing Nickel closed Friday’s trading session at $6.47/lb ($14,275/tonne). Indicators at 6:15 am CST today show nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Friday and start the week just over the 235,900 tonne level. The Euro is bouncing back against the US Dollar, and […]
Cell phone and tablet users – smaller version of this page – (here) Thursday, February 26 On the road Feb 27th so the next news 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 Wednesday’s […]
Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London) Nickel closed Friday’s trading session at $5.45/lb . Indicators at 6:15 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and rose on Friday and ended the month of May just over […]
Thiss page is archived news covering the period from June 1, 2006 to June 30, 2006. If you are looking for current daily market news, please visit this page. Stainless Steel & Metals News. June 2006 (Nickel prices are followed here daily as they are responsible for up to 60% of the cost of stainless […]
Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London) Three month nickel closed Monday’s trading session at $6.09/lb . Indicators at 6:15 am CST today show 3 month nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Monday and started today just under the 332,100 tonne […]
Tuesday, November 30 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 46 to 2,099. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Rolls-Royce Pushes $990,000 Phantoms Amid Luxury Demand From China’s Rich // China Slashes Roche, Bristol-Myers Drug […]
Mining industry will feel pinch ‘big time’ in Q3 While the high Canadian dollar has caused chaos in the manufacturing and forestry sectors, there has been little to no impact in the mining industry. However, that is expected to finally change. – more here The growing demand for molybdenum can be satisfied with […]
(all ton listings are metric tons = 2204.6 pounds – what we use to determine closing – see bottom of page) 9-30 LME nickel ends the day at $6.13/lb. * LME nickel inventories gained 192 tons to total 12,720. 9-29 LME nickel ended the day at $6.12/lb. * LME inventories continue to grow […]
