Aug 11, 2022 | Stainless Espresso
August 11, 2022 – The nickel on the LME had yesterday reacted exceedingly positively to the lower US inflation and made a jump upwards. Nickel futures on the SHFE have risen even more today. Also otherwise, the markets take the lower inflation as a positive...
Aug 10, 2022 | Stainless Espresso
10 August 2022 – The US Senate has passed a multi-billion dollar climate package. At the same time, China terminates climate cooperation with the United States, which seems mainly rooted in the Taiwan conflict, but could also be the prelude to a new race between...
Aug 9, 2022 | Stainless Espresso
9 August 2022 – The annual production capacity for Chinese aluminium is capped by law, and producers are on the verge of breaking the mark. What then? Demand for aluminium remains very high worldwide. Stocks on SHFE and LME are threatening to run out in the next...
Aug 8, 2022 | Stainless Espresso
8 August 2022 – Exports from China jumped 18% year-on-year in July 2022. At the same time, demand for copper, considered a key economic indicator, has increased. While fresh warnings are coming out of Europe that copper and zinc could be in short supply, LME...
Aug 5, 2022 | Stainless Espresso
5 August 2022 – A new big stainless steel group in Europe? In Italian hands? It could come down to that, following the chain of events of the last few months. What started with the sale of Acciai Speciali Terni, could have been just another step towards a new European...
Aug 4, 2022 | Stainless Espresso
4 August 2022 – MMK, one of the world’s largest steel producers, has been placed on the sanctions list by the US government. And more and more proceedings against attempts to circumvent anti-dumping and anti-subsidy measures. Associations warn. In the end,...
Aug 3, 2022 | Stainless Espresso
3 August 2022 – The steel industry expects at least stable, probably even rising real demand in 2022 and is also optimistic about the automotive sector. Shares of international defence companies continue to rise. And Chinese spot import prices for iron ore have...
Aug 2, 2022 | Stainless Espresso
2 August 2022 – The emerging countries in particular have a growing demand for raw materials. India alone would need at least 16 million tonnes of aluminium per year to meet the growing demand. Especially in the defence, aerospace, transport and alternative...
Aug 1, 2022 | Stainless Espresso
1 August 2022 – Nickel prices have been rising again for a fortnight. On the LME already by about 30%. On the SHFE even more. The new state-owned commodity giant China Mineral Resources Group is to consolidate China’s purchasing power on the global...
Jul 29, 2022 | Stainless Espresso
29 July 2022 – The Asian SHFE continued its positive trend in base metals today. A positive signal at the turn of the month. European futures are also friendly. Source
