Today in quick check: iron ores, aluminum and the nickel price. Fast, short and strong. This is the Stainless Espresso for entrepreneurs.
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).
More Stainless Espresso:
- Metal stocks boom could continue after dream run in 2021
- Nickel stocks in China fall further
- SAlloy surcharges for April 2021 increased
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.