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Attraction is not just a given moment in time

News - 18 Jul 14

Even with the continuing high warehouse stocks, in July to date, nickel could maintain its levels on the London Metal Exchange (LME) of above USD 19,000.00/mt. Right at the moment though, because of the tragic crash of the Malaysian Airlines passenger plane in the Ukraine, and Israel's ground offensive in the Gaza Strip, risk aversion for investors has clearly increased once more. Now expectations about global economic growth are not as high as at the start of the year. This has had a negative influence on the nickel price and many other slightly more risky exchange traded products. Profit taking has led to lower prices. The 3 months future....

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"One man, two votes!''

News - 13 Jun 14

Recently, the trend in nickel has led to lighter prices on the London Metal Exchange (LME), which is not at all surprising considering the big correction, and the rebound which followed, on the nickel market mid May. At the moment, nickel is trading at USD 18,000.00/mt and shows good support. This support level has, however, already been tested, albeit just for a few minutes, when nickel dipped below this level to trade at USD 17,700.00/mt. As we now experience a phase of consolidation, the support and resistance points shown on the charts are quite far apart from one another, because of the previous....

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Nickel market - back to normal

News - 16 May 14

Our last edition discussed the nickel price as metaphorically going through the ceiling of the first floor. It can now be said that, since then, at least the second and third floors have been reached without much effort and frighteningly quickly. In other words, on the 12th and 13th May, 2014, the highs of USD 21,500.00/mt were reached. Compared to the average price of around USD 17,400.00/mt for the month of April, this is an increase of a phenomenal 23.5%. Compared to a nickel price of USD 13,200.00/mt at the start of the year, this is an even more staggering increase of....

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Press Release

News - 11 Apr 14

World's third largest stainless steel scrap trading company optimistic about 2014

  • 2013 one of the most complicated years for stainless steel producers in the history of stainless steel
  • Location in Asia: strategic importance and turnover continue to grow
  • Export ban in Indonesia changes the rules of the game
  • Prospect: Stainless steel will profit in 2014

Oryx Stainless, the world's third largest stainless steel scrap trading company, which is based in Mülheim an der Ruhr and Dordrecht/Netherlands, has, in the 2013 financial year, been able to maintain its global market position....

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We need more rats than elephants

News - 11 Apr 14

At the moment, the nickel market is moving very quickly in just one direction. On the 10th April, for the first time in ages, it moved above the USD 17,000.00/mt level, closing for the day at USD 17,226.00/mt for the three months price. The fundamental push behind this development is clear: the export ban for Indonesian nickel ore. This is hardly surprising when the nickel content of all Indonesian mining production for 2013 was 775,000 tons, which corresponds to around 40% of world production of refined nickel. Of these 775,000 tons, according to statistics, about....

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