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2023 April London Futures Nickel Trends

London Futures Nickel Trends Focusing on the London Nickel Market: The recent release of data from the United States has raised expectations that the Federal Reserve may soon stop raising interest rates, leading to a decline in the US dollar…

China 2023 March 304 SS price

China 2023 March 304 SS price On March 20th, the Foshan Market News On Friday, the closing of nickels rose 115 US dollars to $ 23,580/ton last Friday, and the closing of stainless steel futures 2304 in the evening rose…

february 2023 SS304 coil price

2023 Feb SS 304 price

After the Lunar New Year, the price of stainless steel raw materials in China has a downward trend London nickel closed down 1700 US dollars to 27450 US dollars/ton yesterday; In the evening, the main Shanghai nickel contract closed down…

Molybdenum increased 43.50 USD/Kg

Molybdenum increased 43.50 USD/Kg or 93.55% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Shanghai nickel inventory more than doubled

According to the data released by the London Metal Exchange (LME), since late April last year, the overall inventory of LUNI nickel has been in a downward state. Last week, the inventory decline slowed down, and the latest inventory level…

Early warning of stainless steel export to Africa

From July 1 this year, the East African community officially implemented the decision of the fourth 35% common external tariff (CET). The goods planned to be included include: Dairy products, meat products, grains, edible oil, beverages and alcohol, sugar and…

Serious shortage of investment by mining enterprises

According to miningnews Net website reported that bank of America (hereinafter referred to as “Bank of America”) warned that the global mining industry needs to increase investment by US $81billion annually before 2030 to meet the growing demand for metals…