Nickel prices jump over USD 19,000 mark – Stainless Espresso

Apr 19, 2024 | Stainless Espresso

19 April 2024 – Nickel prices broke through the USD 19,000 mark at the start of trading on the LME today (Friday) and are currently up by more than 3.5%. And stainless steel prices in Asia continue to rise in response to the current market situation....

Stainless steel prices in Asia robust and rising – Stainless Espresso

Apr 18, 2024 | Stainless Espresso

18 Apri 2024 – Stainless steel prices in Asia are robust and rising due to a significant market recovery. Supply situation in some markets remains tense. And the reporting season starts in Asia. Significant earnings growth expected for IT, utilities and raw...

Chinese economy grows faster than expected – Stainless Espresso

Apr 17, 2024 | Stainless Espresso

17 April 2024 – The Chinese economy grew more strongly than expected in the first quarter of 2024. Among other things, this has had an impact on iron ore prices, which continued their upward trend today. Source

Nickel ore in scarce supply, soon nickel pig iron too? – Stainless Espresso

Apr 16, 2024 | Stainless Espresso

16 April 2024 – Scarce availability of Indonesian and Philippine nickel ore leads to empty warehouses at Asian smelters. Impact on nickel pig iron (NPI) to be expected soon? Aluminum prices have recovered significantly since mid-2023. And a critical comment on...

LME and CME: US and UK ban Russian raw materials – Stainless Espresso

Apr 15, 2024 | Stainless Espresso

15 April 2024 – US and UK sanction Russian raw materials and ban sales on LME and CME. Will the reluctant EU now also join these new sanctions? Nickel and aluminium in particular jump significantly at the start of trading on the LME. Source