Stainless Espresso: After choppy commodities, nickel up, stainless steel unimpressed
After an easing on the commodity exchanges was already apparent yesterday, spot prices for nickel and also the nickel contracts on the Shanghai Future Exchange rose again today. Also on the London Metal Exchange, nickel had already reached a value of over $ 17,000 per...
Stainless Espresso: Calming on LME and SHFE over the weekend
Over the weekend, the commodity markets have calmed down somewhat. And a stabilizing trend can already be seen on the LME. Also at the SHFE it has calmed down further and a flattening tendency in the price decline of the base metals can be seen. The status on LME...
Stainless Espresso: Is a pullback in commodities due?
The commodity markets were for many the determining topic in the past week. Thorsten Gerber has already given his assessment on Friday. In addition, an article from forexlive.com caught our attention. And the China Iron and Steel Industry Association (CISA) is keeping...
Stainless Espresso: The attempt to take pressure off the steel kettle
The market is currently in turmoil again. The Chinese government has announced new measures to curb rising commodity prices. Base metals have fallen. And the U.S. Federal Reserve is thinking out loud about monetary policy measures. That triggers reflexes. But do these...
Stainless Espresso: China’s new rules on steel. Europe’s headache.
China: Big tasks sometimes require big efforts and also tough and uncomfortable cuts. While Europe only wants to talk about reducing excess capacities with the United States, other regions and countries are already actively getting serious. The Chinese government has...
Stainless Espresso: Is the United States already thinking ahead of Brussels?
The United States is thinking out loud about a possible carbon border tax. At the same time, however, they are making it clear that they do not want to harm the domestic economy. In addition, the Vietnamese government has called on domestic steel producers to reduce...
Stainless Espresso: Steel tariffs just “much ado about nothing”?
After weeks of negotiations, the United States and the European Union have agreed that the EU will not impose further tariff increases on US products. In exchange, the EU gets talks on excess capacities in steel and aluminum. EU and US: Let’s talk about excess...
Stainless Espresso: How are metal inventories developing in China?
Let’s take a look at the development of metal inventories in China today. Especially for aluminum billets it has gone down there by 24% in the past week. And the nickel outlook is still robust and expandable with demand and price development according to analyst...