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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

EU steel price hikes have run out of steam

MEPS believes steel transaction values will decline in the remainder of the second trimester, despite higher mill input costs. Buyers are already anticipating discounts when third quarter negotiations get underway. Steel price rises have stalled in the European market. Increased

April propylene prices expected to set record – Platts

Propylene is expected to reach an all-time high in North America later this month, as rising feedstock prices exert upward pressure on prices. US polymer-grade propylene contracts for April were beginning to settle at an all-time high, up more than

Plastics News – PET resin prices still soaring; PVC hikes smaller but ambitious

PET prices shot up an average of 8 cents per pound in February and another 5 cents per pound in March for a two-month leap of 13 cents per pound. Producers had been seeking a total of 16 cents for

Stainless Steel prices to fall as Nickel drops – MEPS

The LME nickel price plummeted from nearly US$29,000 per tonne on March 5 to just above US$25,000 per tonne on March 15. This will create negative pressure on stainless steel transaction values in the near term. In Europe, the alloy

US flat-rolled steel prices edge $5/st higher on decent demand – Platts

More spot deals came to light Wednesday in the US flat-rolled market, pushing up by $5/st both of the Platts assessments for hot- and cold-rolled coil supplied by domestic mills. The range of deals assessed by Platts for US-made HRC

US spot HDPE blow molding prices increase on European demand – Petrochemicals | Platts News Article & Story

US HDPE blow molding spot export prices increased nearly 3.5 cents/lb ($77/mt) to 64 cents/lb ($1,411/mt) FAS Houston, trading sources said Wednesday. “I can export all day at 64,” a trader said. Traders said they were able to easily sell

THE MEPS GLOBAL STEEL PRICE JUMPS 10 PERCENT IN FEBRUARY

Good overall demand helped mills in all regions to implement price hikes in February as they attempted to recover their escalating input costs. Weakening of the US dollar against many Asian and EU currencies added to the upward trend in

EU STEEL PRICES SOAR IN FEBRUARY – MEPS

EU Average Hot Rolled Coil transaction price soared by almost €100 per tonne in February. Buyers are anticipating further increases in domestic values of flat products in the second quarter as steelmakers make large upward adjustments, in line with higher

Import offers and domestic-made flat steel prices increase in US – Platts

Still, some mini-mills reportedly had late-March HRC tons available. A Chicago-area buyer was about to order 1,500 st at $830/st ex-works. “The situation right now, as of Monday morning, is that no other producers have followed AK Steel with price