Current situation:

  • Nickel prices have risen over the past 30 days to @$6.48 per lb. ($6.14 in the last update). Warehouse levels were up at 178,584 tons (66,822 tons in the last update).
  • Producer prices for stainless pipe were higher through December rising by 1.9% M/M (up 3.0% last month); were also up 2.2% Y/Y (down 1.0% last month).