Stainless Espresso: Nickel fundamentals remain positive
Nickel fundamentals remain positive. While BHP expects a demand growth of 500% for battery nickel, a Chinese producer stops production. Nickel futures on LME and SHFE seem to have noticed this as well. The World Bureau of Metal Statistics has identified a shortfall of...
Stainless Espresso: Commodity prices continue to rise
August 25, 2021 – Commodity prices continued to rise today. Nickel and aluminum futures have risen. US infrastructure package continues to take shape and is expected to be passed this year. Despite rising capacity utilization, U.S. steel prices to continue to...
Stainless Espresso: Good economic data have a positive impact on the markets
August 24, 2021 – Good economic data: The German economy is performing better than expected, according to data published today by the Federal Statistical Office for the 2nd quarter of 2021. Metals are continuing to improve. And machinery manufacturers in the...
Stainless Espresso: Dollar, nickel and aluminum rise
August 23, 2021 – Dollar, nickel and aluminum rose again today, Monday. After much speculation in the past week and the values on the commodity exchanges were so depressed, they are already picking up again at the start of the new week. The automotive industry...
Stainless Espresso: How playing with fear affects commodity markets
August 20, 2021 – How playing with fear affects commodity markets. Chinese stainless steel prices remain stable due to increased demand. CISA calls for more export discipline for steel products. And can 2020 really be used as a representative statistical source?...
Stainless Espresso: Chinese stainless steel exports decline
Measures taken by the Chinese government are causing stainless steel exports to fall. This reduces available stainless steel imports to Europe, which is dependent on imports due to robust demand. Chinese NPI stable, nickel ore prices rise. Strong US steel demand...
Stainless Espresso: Chinese aluminum becomes even scarcer
While planned maintenance work on several US steel mills is pending in the United States and more than 800,000 st of crude steel production is estimated to be lost in 2021, energy problems and emissions controls in China are causing further shortages of aluminum. In...
Stainless Espresso: Does the latest Eurofer report contain errors?
August 17, 2021 – Does Eurofer’s report on the development of EU steel consumption, published on August 16, contain errors? In some parts, it seems that this may be the case. Nickel products for stainless steel in short supply. Chinese stainless steel...