Monthly Archives: January 2018

China Tweaks Nickel Import Taxes to Favor Electric Vehicles

(31 January 2018) ONDON (Reuters) – A combination of surging China imports, tighter supplies and fund interest are expected to sustain prices of stainless steel ingredient nickel, which have reached their highest level in more than two years. Benchmark nickel on the London Metal Exchange hit $14,040 a tonne on Monday, the highest since May […]

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Dollar, PMIs, Futures Curve Imply Nascent Commodity Bull Market

(24 January 2018) Bloomberg Intelligence – Primary pillars of higher commodity prices are strengthening on the back of the weaker dollar. Solidifying the potential for a longer-term peak, the Bloomberg Dollar Spot Index four-year low reached on Jan. 24 coincides with a seven-year high in the JPMorgan Global Manufacturing PMI and the narrowest commodities contango […]

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LME nickel, lead, zinc prices set multi-year highs on plummeting dolla

(24 January 2018) Metal Bulletin – Base metals prices on the London Metal Exchange put in a strong performance on the afternoon of Wednesday January 24, supported by the weaker dollar, to close in positive territory across the board. The three-month nickel price ended more than 5% higher than Tuesday’s closing price after hitting its […]

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Inner Mongolia NPI plants maintenance reduces output in Jan

(24 January 2018) Three nickel pig iron (NPI) plants in Inner Mongolia were set to be suspended for maintenance this month due to aging facilities, SMM learned. We estimate about 1,250 mt of nickel output will be lost, accounting for 4% of China’s high-grade NPI output. SMM forecast China’s high-grade NPI output to drop 8% […]

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Flash: Indonesia earthquake sees no impact on NPI output

(24 January 2018) SHANGHAI, Jan 23 (SMM) – The 6.4 magnitude earthquake that hit Indonesia today had no impact on the three nickel pig iron (NPI) plants in Banten as they were in suspension, SMM understood. In addition, there is no operating nickel ore mine in the region.

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What to Watch in Commodities: Davos, Global Steel, Wheat, Copper

(24 January 2018) Bloomberg – These are heady times for the steel industry, aided by a global economy that’s humming along, buoyant prices, and policy makers in top producer China acting to rein in exports by curbing local supply. Investors can look forward to a procession of healthy earnings reports, with South Korea’s Posco turning […]

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STOCK QUOTES PSE: FNI (As of Sep 4, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0