Mar 22, 2022 | Stainless Espresso
March 22, 2022 – The London Metal Exchange (LME) has again yesterday, Monday, the chaos in nickel trading not really under control and had to cancel trades for the third time. The chaos holds more and more parallels to the German Wirecard scandal from 2020....
Mar 21, 2022 | Stainless Espresso
1 March 2022 – The exploded nickel prices after the failed Tsingshan speculation continue to be artificially adjusted. On Monday, the LME and SHFE almost reached parity in the price of a tonne of nickel. LME shareholders affected? LME CEO sees banks as partly to...
Mar 18, 2022 | Stainless Espresso
18 March 2022 – There are increasing voices that the owners of the London Metal Exchange have only intervened in nickel trading to save themselves and certain parts of their cronies. Real trading does not seem to be taking place on the LME with regard to nickel....
Mar 17, 2022 | Stainless Espresso
Anti-subsidy duties not unexpected, but justification highly political. On 16 March 2022, the EU announced that it will impose anti-subsidy duties on imports of cold-rolled stainless steel from India and Indonesia. These are market protection duties of more than 40%...
Mar 17, 2022 | Stainless Espresso
March 2022 – The EU has imposed sanctions on steel from Russia and Belarus. At the same time, it has redistributed Safeguard quotas on certain steel products for these countries. The nickel trade remains the dominant topic on the LME. And the US Federal Reserve...
Mar 16, 2022 | Stainless Espresso
16 March 2022 – Nickel prices remain very high. But was there really a price drop this morning before the LME stopped trading nickel again? Are there any reliable prices at all at the moment? Let’s take a quick look. Source
Mar 16, 2022 | Stainless Espresso
16 March 2022 – As announced, the LME this morning reset the price of nickel to the level of 7 March 2022. Available nickel lots on LME down 90%? Iran wants to introduce export taxes on steel and raw materials. In China, nickel and stainless steel prices...
Mar 15, 2022 | Stainless Espresso
15 March 2022 – The LME has announced its intention to resume nickel trading on 16 March 2022. Tsingshan founder disempowered? Group may no longer trade nickel for the time being. SHFE nickel continues its upward trend. And new corona lockdowns in China. LME...
Mar 14, 2022 | Stainless Espresso
14 March 2022 – Europe now also wants to impose sanctions on Russian steel exports, as the European Commission had announced as recently as Friday last week. Fitch Ratings downgrades 28 Russian commodity suppliers to CC credit rating. And the battle for the...
Mar 11, 2022 | Stainless Espresso
11 March 2022 – The Chinese nickel and stainless steel giant Tsingshan apparently had to be rescued by state intervention after it got into deep trouble due to self-inflicted losses. Spanish steel mills reduce production. EC imposes anti-dumping duties on...
