Stainless Steel

Stainless MMI®: Indian, Chinese Nickel Prices Down

by MetalMiner IndX Reports on May 14, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The week’s biggest mover on the Stainless MMI® was the cash price of Indian primary nickel, which saw a 2.1 percent decline. The 3-month price of nickel declined to $17,220 per metric ton after drifting 1.4 percent on the LME since last week. Since last week, the price of primary cash nickel fell to $17,135 [...]

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Nickel 3-Month Price Falls 2.3% on LME

by MetalMiner IndX Reports on May 11, 2012

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The nickel 3-month price saw the biggest shift of the day, dropping 2.3 percent on the LME to close at $17,070 per metric ton on May 10, 2012. The cash price of LME primary nickel weakened by 2.2 percent, settling at $17,030 per metric ton. Following a two-day drop, the cash price of Indian primary [...]

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Daily Stainless and Nickel Roundup: Chinese 316 Scrap Up 1.1%

by MetalMiner IndX Reports on May 10, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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The day’s biggest mover on stainless and raw material inputs markets, Chinese 316 stainless steel scrap, broke away from a three-day static phase with a 1.1 percent jump on May 9, 2012. The price of Chinese primary nickel, meanwhile, saw a 0.3 percent decline. Chinese 304 stainless steel scrap stayed flat at under $3,000 per metric ton. [...]

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Daily Stainless Steel and Nickel Price Roundup – May 9, 2012

by MetalMiner IndX Reports on May 9, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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On May 8, 2012, the cash price of Indian primary nickel fell by 1.4 percent, making it the day’s biggest mover on stainless steel and its raw material inputs markets. On the LME, the primary nickel price remained essentially flat at $17,370 per metric ton. The 3-month price of nickel flattened at $17,425 per metric [...]

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Stainless MMI® : Indian Primary Nickel Price Increases 1.1%

by MetalMiner IndX Reports on May 8, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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A 1.1 percent increase made the cash price of Indian primary nickel the week’s biggest mover on the Stainless MMI®. The 3-month price of nickel dropped 1.1 percent on the LME this week, closing out the third consecutive week of falling prices at $17,425 per metric ton. The LME primary nickel cash price fell 0.9 [...]

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Daily Stainless Steel and Nickel Price Roundup: Indian, LME Nickel Rise

by MetalMiner IndX Reports on May 8, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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On May 7, 2012, the cash price of Indian primary nickel experienced the biggest change on the stainless steel and its raw materials inputs markets, rising 1.1 percent. The nickel 3-month price also saw a 1.1 percent decline on the LME to $17,425 per metric ton. On the LME, the primary nickel price fell 0.9 [...]

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Nickel: Weak and Looking Weaker

by Stuart Burns on May 8, 2012

Style:    Category: Commodities, Non-ferrous Metals, Supply & Demand

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The nickel market, as Reuters points out in a recent article, has been characterized by two supply-side factors, even as demand has risen. On the one hand, Chinese nickel pig iron (NPI) production has kept the country well supplied in refined nickel, in spite of a falling nickel price supposedly putting cost pressures on the [...]

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Daily Stainless Steel Update: Nickel Prices Drift

by MetalMiner IndX Reports on May 4, 2012

Style:    Category: Ferro Alloys, Ferrous Metals, Metal Prices, MetalMiner IndX

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Dropping 0.9 percent on the LME, the nickel 3-month price showed the most movement on May 3, 2012, closing at $17,470 per metric ton. The primary nickel price weakened by 0.5 percent on the LME, settling at $17,430 per metric ton. The Indian primary nickel cash price finished the market day up 0.3 percent. The [...]

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