Mar 24, 2022 | Stainless Espresso
24 March 2022 – Chinese stainless steel prices continue to rise. Already by almost 30% since December 2021. LME nickel +15% and SHFE nickel +17% today. Aluminium at over $3,600 per tonne. In addition, UK and US agree on a Tariff Rate Quota (TRQ) for steel and...
Mar 23, 2022 | Stainless Espresso
March 23, 2022 – For the fourth time since nickel trading had to be restarted on the London Metal Exchange (LME), an incident referred to by the LME as a Price Disruption Event has occurred. As the LME officially announced on its website on March 23, 2022, all...
Mar 23, 2022 | Stainless Espresso
23 March 2022 – According to media reports, the Chinese steel region Tangshan is once again in lockdown. With 130 million tonnes of crude steel production per year, the region is one of the most important steel producers in the world. SHFE nickel prices close up...
Mar 22, 2022 | Stainless Espresso
March 22, 2022 – The London Metal Exchange (LME) has again yesterday, Monday, the chaos in nickel trading not really under control and had to cancel trades for the third time. The chaos holds more and more parallels to the German Wirecard scandal from 2020....
Mar 21, 2022 | Stainless Espresso
1 March 2022 – The exploded nickel prices after the failed Tsingshan speculation continue to be artificially adjusted. On Monday, the LME and SHFE almost reached parity in the price of a tonne of nickel. LME shareholders affected? LME CEO sees banks as partly to...
