The Nickel Market On April 25, 2012, the day’s biggest mover was the price of Chinese primary nickel, which saw a 0.6 percent decline to CNY 130,750 ($20,737) per metric ton. On the LME, the 3-month price of nickel rose 0.2 percent to $17,660 per metric ton. The LME price of primary nickel saw little change [...]
by MetalMiner IndX Reports on April 25, 2012
Style: Industry News
Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX
Keywords: China nickel price, chinese stainless steel prices, ferrochrome price, ferromoly price, LME nickel prices, stainless steel prices, stainless steel scrap prices
On April 24, 2012, 3-month prices of LME nickel fell by one percent, landing at $17,625 per metric ton and making it the day’s biggest mover in stainless steel inputs. Also on the LME, primary nickel spot prices fell 0.9 percent to $17,595 per metric ton. Chinese stainless steel and its inputs closed mixed on [...]
On April 23, 2012, the day’s biggest mover in the stainless steel markets was Chinese 316 stainless steel scrap, which saw a 2.3 percent increase. The price of Chinese 304 stainless steel scrap remained steady, below $3,000 per metric ton. The price of Chinese 304 stainless coil remained essentially flat as well, around that same [...]
by MetalMiner IndX Reports on April 23, 2012
Style: Industry News
Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX
Keywords: China nickel price, chinese stainless steel prices, ferrochrome price, ferromoly price, LME nickel price, stainless scrap prices, stainless steel prices
After Two Quiet Days, Chinese 316 Stainless Steel Scrap Price Drops Chinese 316 stainless steel scrap saw a 3.3 percent drop on April 20, 2012, making it the biggest mover of that day in the stainless steel market. The price of Chinese 304 stainless steel scrap nudged up 0.5 percent last Friday. The price of [...]
On April 19, 2012, the price of Chinese primary nickel fell by 0.8 percent, making it the day’s biggest mover in the market of stainless steel inputs. On the LME, the primary nickel spot price declined 0.2 percent to $17,720 per metric ton. Also on the LME, the 3-month price of nickel showed little movement [...]
Chinese Ferro Alloys Taking It Easy On April 16, 2012, the price of Chinese ferro-moly was unchanged, hovering above $23,000 per metric ton. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat, staying above $1,300 per metric ton. Chinese Stainless Prices Holding Pat Chinese 316 stainless steel scrap saw [...]
My colleague Stuart wrote a piece published today about the nickel market, specifically that it remains in oversupply. The ensuing discussion came about just as I had intended to put the finishing touches on a presentation providing an outlook on the steel and stainless market (and realizing we better have something intelligent to say to [...]
In a recent interview by Reuters, I said I did not see other non-ferrous metals facing significant closures by Western producers as we have in aluminum. (Reuters was exploring the idea that smelters closures by Alcoa in particular, but also Rio Tinto and Norsk Hydro, were likely to be just the start of a much [...]