What's New Company Profile Business guide Sales office Contact Us Link Collection ∴ December 12, 2014 * Market conditions In December, the stainless steel scrap price (brought to the factory) was slightly higher than the LME nickel price, but manufacturers were less motivated to purchase scrap and remained unchanged from the previous month. It has changed. At your feet, in front of the furnace is around 160,000 yen. Looking at the movement of the LME nickel price, which is an index when setting the price of stainless scrap, it started at $ 15,776 on the 3rd in November. It fell below $ 14,980 and $ 15,000 on the 5th. However, it rose to $ 16,535 on the 24th and remained in the $ 16,400-16,500 range thereafter. For this reason, some manufacturers "considered raising the price in front of the furnace", but most of the manufacturers continue to reduce the production of nickel-based products, scrap consumption is reduced, and inventories are abundant. In addition, raw materials The rise in prices is squeezing profits, and there is also an intention to lower manufacturing costs, so "Let's see the movement of scrap prices a little more", the December furnace front was left unchanged in November. LME's nickel inventory exceeded 400,000 tons at 401,850 tons on November 27, an increase of about 140,000 tons compared to January 2 (261468 tons) at the beginning of the year, considering actual demand. Nickel prices are unlikely to rise significantly and are expected to remain at the 15,000-6,000 ton level in the future. ∴ Copyright 2002 GOTOH & Co., LTD All rights reserved.