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Today in quick check: iron ores, aluminum and the nickel price. Fast, short and strong. This is the Stainless Espresso for entrepreneurs.

Stainless Espresso: Iron ore, aluminum and nickel in upward trend
Stainless Espresso: Iron ore, aluminum and nickel in upward trend

Chinese iron ore futures prices expected to rise further this week

Iron ore futures prices are likely to rise further this week as some steel mills need to replenish their stocks after the decline in inventory.

Chinese aluminum contracts

The SHFE 2105 aluminum contract is expected to range from $2,563 to $2,687 per mt this week, and spot discounts of $0 to $7 per mt are expected against the SHFE front-month aluminum contract.

The anti-dumping duties by the EU are expected to have limited impact on the Chinese aluminum extrusion market.

Nickel futures on LME and SHFE up

Nickel futures are currently up around 2.2 to 2.5% on the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE).

Source: gerber-steel.com

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