“Solutions for specialty alloy piping requirements"
Nickel - Monel® - Inconel® - Incoloy® - Hastelloy® - Alloy 20 - Duplex
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“Solutions for specialty alloy piping requirements"
Nickel - Monel® - Inconel® - Incoloy® - Hastelloy® - Alloy 20 - Duplex
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| Nickel Watch Information listed below is courtesy of The Stainless Steel News.
08-19-2008 Dow Jones reports three month nickel ended at $8.80lb. (Bloomberg) Nickel supply may match demand in 2008, instead of a surplus as previously expected, London-based metals research company CRU said today. There was a 96,000-ton surplus last year. (Bloomberg) Moscow-based Industrial Metallurgical Holding, which produces about 5 percent of Russia's total output of the steelmaking ingredient, shut two of three furnaces at the Reznickel plant and two of five furnaces at the Ufaleynikel facility, spokesman Pavel Kovalenko said today by phone. (Bloomberg) China's nickel pig iron output growth has stalled as the government shut small blast furnaces to save energy amid the sixth year of power shortages. More than half of the blast furnace operators in China's Shandong, Henan, Shaanxi and Hebei have closed plants that produce low-grade products, lifting nickel ore stocks at Chinese ports to almost 8 million tons, compared with about 5 million tons at the end of 2007, Macquarie analysts said in June. Nickel rose for the first time in four sessions in London after Xstrata Plc, the world's fourth- largest producer of the metal, suspended production at its Falcondo operations in the Dominican Republic. Lead also gained. - more. Philippine nickel ore exports to China, the world's biggest consumer of the metal, plunged 96 percent in July as lower prices of refined nickel and energy shortages cut production of nickel pig iron. - more. London Metal Exchange inventory figures/changes - (charts and archives) . Today's almost official prices here / Yesterday's actual LME official prices here (chart). 08-18-2008 Dow Jones reports three month nickel ended today's trading at $8.19lb. Fears are growing that the commodities boom is ending as investors who have fled the oil market desert gold, copper and other metals. - more. (Dow Jones) Commodity prices may have another 10% to fall before hitting the bottom of the cycle, at which point a pickup in Chinese demand should provide a floor to prices, says ANZ's commodity strategist Mark Pervan. Adds, global economic lead indicators are also nearing a bottom, suggesting demand will be stronger in 2009. Nickel futures prices may continue to rule weak over the next few days mainly on a higher inventory level and poor demand from stainless steel mills. - more. London Metal Exchange inventory figures/changes - (charts and archives) . Today's almost official prices here / Yesterday's actual LME official prices here (chart). 08-15-2008 Dow Jones reports three month nickel ended the day and week at $8.48lb. JPMorgan analyst Michael Jansen - "We are looking for growth in China to re-accelerate in the fourth-quarter period, but also because in four of the five base metals - other than copper - prices are flirting with the top end of the production cost curve". London Metal Exchange inventory figures/changes - (charts and archives) . Today's almost official prices here / Yesterday's actual LME official prices here (chart). Every effort is made to provide factual information. Multiple sources are used for obtaining this information and there is no guarantee of its accuracy
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