December 4, 2021 – A thoroughly eventful week lies behind us. With an outlook on stainless steel availability and delivery times in Europe and the world. New cuts in Chinese crude steel production in the run-up to the 2022 Winter Olympics. Nickel holds above $20,000 per tonne. And molybdenum prices in China have risen significantly since November 2021.
LME Base Metals and EU stock exchanges start positively
November 29, 2021 – After last Friday had not ended so positively for the stock markets overall, the markets regained their footing on Monday and got off to a friendly and positive start. Oil contracts had already risen by over 4% on Sunday. Aluminium is currently the front-runner among the base metals with a plus of about 2%.
Chinese Manufacturing PMI up in Nov 2021 in expansion zone
November 30, 2021 – While the Western press continues to try to stir up fear with the Omicron variant, China is proving that you can maneuver well through crises with consistent measures and deliberate actions. This is shown not only by the Chinese Manufacturing Purchasing Managers Index (PMI), which moved back into the expansion zone in November 2021, but also by the production index, which increased significantly by 3.6 percentage points to 52%. Profits of Chinese companies have also increased significantly. Base metals are currently moving sideways on the LME and iron ore on the DCE is moving upwards again.
Strong start, nickel and aluminum on the upswing
December 1, 2021 – Commodities on the LME started positively today, Wednesday. Aluminum, nickel and copper rise. Stock exchanges currently show friendlier and volatility calms down a bit. Philippine Berong nickel mine is exhausted will be shut down by the end of the year. Nickel availability still tight. And Fed to discuss possibility of higher bond-buying taper speed in December.
Stainless steel availability and delivery times
December 2, 2021 – In talks with Thorsten Gerber, CEO Gerber Group, on current challenges in stainless steel availability and delivery times. There are also increasing reports from China that many steel producers will have to comply with strict production restrictions from January to March 2022 to ensure air quality for the Winter Olympics. And in the European Union, stainless steel prices remain high, domestic delivery times long and availability tight.
Chinese molybdenum prices rise significantly
December 3, 2021 – Chinese molybdenum prices have risen by more than 10% since mid-November 2021. What is behind this? On the SHFE and LME, the majority of base metals are up today. And why entrepreneurial strength can’t be achieved with bans and laws.
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
