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...
Mar 10, 2022 | Stainless Espresso
10 March 2022 – The European aluminium industry is under severe pressure. High energy costs, sanctions against Russia, imports from China and now increased strategic importance – can it cope? In addition, the SHFE has temporarily suspended trading in some...
Mar 9, 2022 | Stainless Espresso
9 March 2022 – According to current calculations, the failed Tsingshan/ Big Shot nickel speculation for approx. 200,000 MT of nickel has cost the Chinese Group at least 8 billion US dollars. Nickel trading on the LME is suspended until at least 11 March 2022....
Mar 8, 2022 | Stainless Espresso
8 March 2022 – Trading on the LME nickel market has currently been suspended due to the Ukraine-Russia conflict and the subsequent sharp rise in prices in the night from 7 to 8 March 2022. The situation is currently being assessed by the LME and the special...
Mar 8, 2022 | Stainless Espresso
March 8, 2022 – Black Monday? Rather not. With effective headlines, the mass media have once again tried to influence the stock markets. A brief analysis of whether they made it and what opportunities are available to you right now. Nickel jumps briefly to over...
Mar 7, 2022 | Stainless Espresso
7 March 2022 – Already on the spot markets and the SHFE, Chinese stainless steel prices have risen significantly on Monday by almost 8% and more than 10% respectively. Nickel is also up 12% on the Shanghai futures market. Immediately available nickel is up at...
Mar 4, 2022 | Stainless Espresso
4 March 2022 – Chinese steel and stainless steel prices are currently rising significantly again. Spot prices in China have risen between 3 and 4% today. Base metals continue to rise due to strong demand, tight inventories and the conflict in Ukraine. And is...
Mar 3, 2022 | Stainless Espresso
3 March 2022 – The nickel and aluminium prices have again significantly pulled away today. Already in Asia, futures rose by up to 5%. In Europe, nickel at the start of trading even jumped by almost 10%. Aluminium rose to a record high of over $ 3,700 per ton....
