Jan 26, 2022 | Stainless Espresso
26 January 2022 – We are receiving reports from China that 85% of all truck drivers in the Ningbo area are stuck in Corona quarantine. In addition, stocks of Chinese steel are running low in Tangshan due to strong demand and cut production. In the EU, steel...
Jan 25, 2022 | Stainless Espresso
25. January 2022 – After speculative profit taking (e.g. for nickel) before the Fed meeting on Wednesday the markets have corrected a little, important indices have already closed positively yesterday. Also, nickel prices are still above the level of a week ago,...
Jan 24, 2022 | Stainless Espresso
24. January 2022 – Technology stocks took a beating at the end of last week and at the start of the current week due to possible interest rate hikes by the US Federal Reserve, which have been known for weeks. However, things continue to look positive for the...
Jan 21, 2022 | Stainless Espresso
21 January 2022 – Real estate in China on the rise after government measures. Strong demand from the automotive sector is now also pushing up European HDG and CRC prices. European Commission to unveil its microchip bill in February. And long delivery times are...
Jan 20, 2022 | Stainless Espresso
20 January 2022 – LME nickel jumps more than 4% to over $24,000 per tonne at the start of trading. SHFE nickel and stainless steel futures have already risen by up to 8% and 6.5% respectively today. Base metals follow. Stronger demand from the automotive sector...
