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 […]
Cell phone and tablet users – smaller version of this page – (here) Thursday, December 29 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Three month nickel closed Wednesday’s trading session at $4.58/lb . Indicators at 5:40 am CST today show 3 month nickel trading around $.01/lb lower. Stockpiles of […]
x Friday, April 29 No trading on the London Metal Exchange today – markets closed for Royal Wedding. Prince William and Kate Middleton are now officially the Duke and Duchess of Cambridge. No tradon Monday as well. with most world markets closed for May 1st holiday. Morning Briefing (8:00 AM CST is […]
Thursday, September 27 Daily Nickel/Stainless Steel Briefing (7:00 AM CST is 12 PM in London) Three month nickel closed Wednesday’s trading session at $5.89/lb . Indicators at 6:20 am CST today show 3 month nickel trading around $.07/lb lower. Stockpiles of nickel stored in LME approved warehouses fell on Wednesday and now total just under […]
(all ton listings are metric tons = 2204.6 pounds – what we use to determine closing – see bottom of page) 1-30 * LME nickel – plus 786 tons = 36,816 tons. 1-27 LME nickel ends at $6.98/lb. * Russia’s metals giant Norilsk Nickel and the Anglo-Australian miner Rio Tinto Ltd form a […]
This page is archived news covering the period of December 2007 If you are looking for current daily market news, please visit here. Free comprehensive information on worldwide nickel market pricing, stainless steel prices and metals market analysis and forecasts Updated twice daily M-F before 8:00 am CST and by 1 pm CST 2008 Nickel […]
(all ton listings are metric tons = 2204.6 pounds) 12-31 LME nickel was hit by some profit taking and ended the year at $6.75/lb. * LME nickel inventories bumped backup by 84 tons to total 20, 892 tons. The year began with inventory on January 2, 2004 at 24.030 tons. 12-30 LME nickel closed […]
Quote from China article titled “Nickel prices vulnerable to rising long-term imbalance between supply and demand is difficult” – “In summary, although the effects of global macroeconomic control in different areas gradually became apparent, it also poses greater pressure on commodity markets. However, due to the strong fundamentals of nickel shown to the independent […]
Friday, November 30 Daily Nickel/Stainless Steel Briefing (8:00 AM CST is 1PM in London) Dow Jones reports three month nickel closed Thursday’s trading session at $7.71/lb . Indicators at 7:00 am CST today show 3 month nickel trading around $.07/lb higher with most London traded base metals trading higher as well. Nickel stockpiles held in […]
