Thursday, December 30 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – no report this week (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) China Manufacturing Growth Slows as Policy Tightened // Companies Owned by China Central Government Ordered […]
Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 10 to 1,146 (chart) Dollar trading graph – (chart of dollar index) (live java chart) Indicator charts show nickel opened slightly higher, but fell at the opening, rose as US equity markets opened higher, and then fell again late. For the day, Dow Jones reports […]
Monday, January 31 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – minus 30 to 1,107. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Copper Set for Seventh Monthly Gain on Demand Outlook, Inflation // Asia Currencies Gain on Optimism […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $5.65/lb ($12,450/tonne). Indicators at 6:10 am CST today show nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose slightly on Tuesday and started today;s session just under the 230,200 tonne level.Nickel squeaked out a gain yesterday, but $20/tonne is […]
Cell phone and tablet users – smaller version of this page – (here) Wednesday, December 30 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three month nickel closed Tuesday’s trading session at $3.97/lb . Indicators at 6:00 am CST today show 3 month nickel trading unchanged, having recovered from earlier […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $8.37/lb ($18,460/tonne). Indicators at 6:50 am CST today show nickel trading around $.03/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell on Monday and ended that session just over the 220,100 tonne level. Surprisingly, cancelled warrants fell into the 23% range today. With […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $8.90/lb ($19,610/tonne) and Wednesday’s session at $8.76/lb ($19,320/tonne). Indicators at 6:00 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME licensed warehouses fell the last two sessions and started today just under the 190,500 tonne level. Over the past […]
5-28 LME nickel bucked the trend of most metals hit by pre-weekend profit taking, and gained to close at $5.53/lb. * Weekly Round-up – Nickel rose this week for a number of reasons. First, the dollar fell against the Euro and was at an eight week low yesterday. A weak dollar is good for […]
Wednesday, June 27 Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London) Three month nickel closed Tuesday’s trading session at $6.70/lb . Indicators at 6:25 am CST today show 3 month nickel trading around $.13/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and now total just under […]
Update – BHP’s response to union allegation listed below BHP media relations officer, Tracey Whitehead, returned our call after we published our afternoon update, with information regarding the school closure. Yes, BHP confirms the school did close on Friday, but strictly due to Colombia labor law, and for no other reason. According to Tracey, Colombia […]
Friday, October 30 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index – plus 90 to 3,103. (chart) Dollar graph in lower right corner of this page – (chart of dollar index) (live java chart) Headlines & leaders – (Bloomberg) Bank of Japan to Stop Buying Corporate Debt as Stimulus Measures Unwound // Sony, Panasonic Project Narrower […]
Daily Nickel/Stainless Steel Briefing Nickel closed Tuesday’s trading session at $9.33/lb ($20,575/tonne). Indicators at 5:45 am CST today show nickel trading around $.02/lb higher. Stockpiles of nickel stored in LME approved warehouses fell on Tuesday and started today, reading just over the 83,600 tonne level. Switching to the July contract on the Shanghai Metal Market, […]
Daily Nickel/Stainless Steel Briefing Nickel closed Thursday’s trading session at $7.06/lb ($15,570/tonne). Indicators at 6:40 am CST today show nickel trading around $.01/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Thursday and started today’s session just over the 238,800 tonne level. The Euro has recently turned positive against the U.S. Dollar, […]
Daily Nickel/Stainless Steel Briefing Nickel closed Monday’s trading session at $8.10/lb ($17,860/tonne). Indicators at 6:05 am CST today show nickel trading around $.03/lb lower. Stockpiles of nickel stored in LME licensed warehouses rose on Monday and ended that session just over the 249,100 tonne level. Nickel is slightly lower today, but we suspect that has […]
