Jan 26, 2022 | Stainless Espresso
26 January 2022 – We are receiving reports from China that 85% of all truck drivers in the Ningbo area are stuck in Corona quarantine. In addition, stocks of Chinese steel are running low in Tangshan due to strong demand and cut production. In the EU, steel...
Jan 25, 2022 | Stainless Espresso
25. January 2022 – After speculative profit taking (e.g. for nickel) before the Fed meeting on Wednesday the markets have corrected a little, important indices have already closed positively yesterday. Also, nickel prices are still above the level of a week ago,...
Jan 24, 2022 | Stainless Espresso
24. January 2022 – Technology stocks took a beating at the end of last week and at the start of the current week due to possible interest rate hikes by the US Federal Reserve, which have been known for weeks. However, things continue to look positive for the...
Jan 21, 2022 | Stainless Espresso
21 January 2022 – Real estate in China on the rise after government measures. Strong demand from the automotive sector is now also pushing up European HDG and CRC prices. European Commission to unveil its microchip bill in February. And long delivery times are...
Jan 20, 2022 | Stainless Espresso
20 January 2022 – LME nickel jumps more than 4% to over $24,000 per tonne at the start of trading. SHFE nickel and stainless steel futures have already risen by up to 8% and 6.5% respectively today. Base metals follow. Stronger demand from the automotive sector...
Jan 19, 2022 | Stainless Espresso
19 January 2022 – Taiwanese and Japanese stainless steel producers plan price increases for February 2022. Chinese stainless steel already more expensive and hard to get. Metals continue their rally from 2021. And nickel stocks continue to decline. Metals...
Jan 18, 2022 | Stainless Espresso
January 18, 2022 – Cut off from steel, aluminum and stainless steel imports – EU state Lithuania feels the Chinese hard hand in the dispute over Taiwan. Imports to Lithuania already acutely affected. France pushes countermeasures. The European Commission...
Jan 17, 2022 | Stainless Espresso
17 January 2022 – Energy prices continue to have a significant impact on commodity market performance as the week begins. Emerging market companies are expected to see revenue and earnings growth of at least 20% in Q4 2021. And is the European Union only...
Jan 14, 2022 | Stainless Espresso
14 January 2022 – EU coil prices are stable and market participants expect further price increases. Steel sections are also continuing to rise due to increased energy prices. And Deutsche Bank also reports rising industrial metals. EU coil prices stable, rising...
Jan 13, 2022 | Stainless Espresso
13 January 2022 – New Covid 19 outbreaks in China have led to stainless steel supply chains there being hit by quarantine measures again. LME inventories are at historic lows and there is no end in sight to the demand boom. And the EU needs nearly $600 billion...
