Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $9.98/lb ($22,000/tonne). Indicators at 6:00 am CST today show nickel trading around $.08/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today just over the 37,100 tonne level, its lowest this year. Shanghai nickel played catch-up overnight, increasing to […]
Thursday, June 30 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 7 to 1,413. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Rice Supplies Tightening in China May Increase Imports, Bolster Inflation // Mining Boom Makes Truck Tires Pricier […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $8.61/lb ($18,980/tonne). Indicators at 6:05 am CST today show nickel trading around $.09/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Tuesday and started today just under the 147,100 tonne level. Today is one of those days where we like to watch […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $10.11/lb ($22,280/tonne). Indicators at 6:00 am CST today show nickel trading around $.06/lb higher. Stockpiles of nickel stored in LME approved warehouses went unchanged for a second consecutive session and remains just over the 52,900 tonne level. Nickel went unchanged yesterday, but is higher this […]
Cell phone and tablet users – smaller version of this page – (here) Thursday, June 30 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three month nickel closed Wednesday’s trading session at $4.28/lb . Indicators at 5:50 am CST today show 3 month nickel trading $.03/lb higher. Stockpiles of nickel […]
Daily Nickel/Stainless Steel Briefing Nickel closed Friday’s trading session at $9.58/lb ($21,125/tonne) and Monday’s session at $9.55/lb ($21,050/tonne). Indicators at 5:45 am CST today show nickel trading unchanged from Monday’s close. Stockpiles of nickel stored in LME licensed warehouses fell a grad total of one lot over the last two working days and start today’s […]
(all ton listings are metric tons = 2204.6 pounds) 2-28 LME nickel ended the day and month at $7.37/lb. * Norilsk reported nickel production for 2004 increased 1.7% over 2003 figures, helping to increase company revenues to $3.29 billion for the year, and net profits of $698 million. Production for 2004 is anticipated to […]
Nickel closed Thursday’s trading session at $11.25/lb ($24,800/tonne). Indicators at 6:00 am CST today show nickel trading around $.27/lb lower, although must of this drop was seen in the immediate hours after closing yesterday. Stockpiles of nickel stored in LME licensed warehouses fell on Thursday and ended that session just under the 80,100 tonne level. For […]
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Daily Nickel/Stainless Steel Briefing Nickel closed Wednesday’s trading session at $8.58/lb ($18,905/tonne). Indicators at 5:50 am CST today show nickel trading around $.05/lb higher. Stockpiles of nickel stored in LME warehouses rose on Wednesday and ended that session just over the 77,600 tonne level. Shanghai nickel rose to 143,820 y/t overnight. The bears and bulls […]
Courtesy/copyright Dow Jones – “LME nickel is increasingly vulnerable to a phase of stainless steel destocking although the “desperately low” level of available inventory leaves potential for big moves in either direction, says Barclays Capital. China’s central bank to raise deposit reserve ratio by 0.5% points – “China’s central bank will raise deposit […]
Daily Nickel/Stainless Steel Briefing Nickel closed Thursday’s trading session at $7.95/lb ($17,530/tonne). Indicators at 5:55 am CST today show nickel trading around $.05/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today just under the 77,850 tonne level. Shanghai nickel fell to 134,710 y/t overnight, its lowest close […]
Worldwide Purchasing Manager Index (PMI) – Manufacturing China Euro-zone Japan United States Nov 24 50.3 45.2 49.0 48.4 Oct 24 50.1 46.0 49.2 46.5 Sept 24 49.8 45.0 49.7 47.2 Aug 24 49.1 45.8 49.8 47.2 July 24 49.4 45.8 49.1 46.8 June 24 49.5 45.8 50.0 48.5 May 24 49.5 47.3 50.4 48.7 April […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $12.56/lb ($27,700/tonne). Indicators at 6:00 am CST today show nickel trading around $.59/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and start the day just over the 72,100 tonne level. Norilsk is sticking with its earlier forecast of a 40,000 […]
