Apr 4, 2022 | Stainless Espresso
4 April 2022 – Nickel (+3%) and aluminium (+1.5%) started strong in LME trading on Monday morning. Positive labour market data was reported from the United States and Germany. And what happens to dumped aluminium imports into Europe? Source
Apr 1, 2022 | Stainless Espresso
1 April 2022 – China is running out of HRC and steel slabs after Russia and Ukraine dropped out as important steel suppliers. Japan gets US tariff rate quota – but only for steel, not for aluminium. And beware of fortune seekers in the steel trade....
Mar 31, 2022 | Stainless Espresso
1 March 2022 – Have the consultants at Tsingshan taken over to clean up the self-inflicted nickel mess? Nickel pig iron (NPI) production in Liaoning and Inner Mongolia with severe problems. And base metals are moving sideways so far today. Source
Mar 30, 2022 | Stainless Espresso
30 March 2022 – Commodity markets like to be influenced with questionable news. Especially with quotes from politicians. Nickel price rises significantly. Aluminium, copper and zinc prices rise. Global demand for nickel to rise between 8 to 12% in 2022. HKEX...
Mar 29, 2022 | Stainless Espresso
29 March 2022 – EU alloy surcharges for stainless steel rise by more than $600 per tonne. EU files WTO complaint over UK green energy subsidies. And can there really be an independent “Green Steel” label? Source
Mar 28, 2022 | Stainless Espresso
28 March 2022 – Will the suspension of the EU aluminium anti-dumping measure AD668 against Chinese imports be extended? Or will the European Commission continue to crack down on imports from China? Shanghai, a Chinese metropolis with millions of inhabitants, is...
Mar 25, 2022 | Stainless Espresso
25 March 2022 – London Metal Exchange (LME) to ban orders outside daily price limits. The LME has again published new rules for trading in base metals, including nickel. Nickel prices on the SHFE continue to rise. LME nickel up 8.5% at start of trading. And...
Mar 24, 2022 | Stainless Espresso
24 March 2022 – Chinese stainless steel prices continue to rise. Already by almost 30% since December 2021. LME nickel +15% and SHFE nickel +17% today. Aluminium at over $3,600 per tonne. In addition, UK and US agree on a Tariff Rate Quota (TRQ) for steel and...
Mar 23, 2022 | Stainless Espresso
March 23, 2022 – For the fourth time since nickel trading had to be restarted on the London Metal Exchange (LME), an incident referred to by the LME as a Price Disruption Event has occurred. As the LME officially announced on its website on March 23, 2022, all...
Mar 23, 2022 | Stainless Espresso
23 March 2022 – According to media reports, the Chinese steel region Tangshan is once again in lockdown. With 130 million tonnes of crude steel production per year, the region is one of the most important steel producers in the world. SHFE nickel prices close up...
