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NICKEL TRADING LIKE IT’S 2008

NEGOTIATOR’S TAKE:  Looks like Nickel prices may stay low for a long time to come, making Stainless Steel components more economically viable than in the past.   On the London Metal Exchange (LME), benchmark nickel for three-month delivery is currently

NICKEL PRICES FALL TO NEAR 2009 LOWS

NEGOTIATOR’S TAKE: Great time to approach your Stainless Steel parts suppliers for a price decrease.   Nickel already halved its year-to-date value This week, prices fell below the $10,000 per metric ton, a physiological resistance level.  Prices are now approaching

Nickel: a metal in transition

Nickel for delivery in three months advanced 7.4 percent last week to settle at $16,450 a metric ton last Friday on the London Metal Exchange, the biggest jump since last month. The commodity has gained more than 18 percent this

Nickel: glut or shortage?

In intraday on Friday, nickel prices hit a seven-month low of $14,980 a tonne. Stocks in LME warehouses hit another all-time high of 378,132 tonnes. Nickel at one stage was looking like being the star of 2014 in base metals,

Nickel into bear market?

Nickel is set to fall into a bear market on the back of still strong global supplies, despite Indonesia’s January export ban on the metal, and China’s economic weakness. Nickel in London fell 2.5 percent today and is down 12 percent

Dramatic rise in Zinc and Nickel prices in 2015

“Global supply and demand conditions for refined zinc are in deficit in 2014,” Scotiabank economist Patricia Mohr reports in August’s Scotiabank Commodity Index . “For nickel, the world supply and demand balance will shift into a marked deficit in 2015, as

Nickel: best performing base metal for the year

The nickel market is still reacting to the ban on nickel ore exports imposed by top producer Indonesia earlier this year. That changed the landscape of the global nickel market, constricting supply to the biggest consumers in countries such as

Nickel rises above $20,000 on supply concerns

Nickel outperformed other industrial metals last week, surging 9 per cent for its steepest weekly advance in four years. Prices of the metal used in stainless steel climbed to a two-year high May 9 after the closure of Vale SA’s

Nickel price surges to record peak on Indonesian ban, Ukraine

On the London Metal Exchange, nickel for delivery in three months jumped 2.2 percent to settle at $17,790 a metric ton. Earlier, the price reached $17,917, the highest since Feb. 19, 2013. The commodity climbed for the 11th straight session,

Nickel drops to 2-week Low on oversupply

Nickel stockpiles tracked by the London Metal Exchange, which have surged 71 percent this year, reached an all-time high of 239,958 metric tons yesterday. This is a market in chronic oversupply resulting from systemic over-production. Nickel dropped to a two-week low