ORYX STAINLESS GROUP

We trade globally in raw materials for the stainless steel industry.
More

TRUST

IN
RECYCLING.

Oryx Commodity News

Quality has its price

After the correction in nickel prices, which was also explained by an easing in the supply of battery nickel – through the related announcements of the producer Tsingshan – large parts of March and April saw a plateau forming at USD 16,000.00/mt. Since the end of April…

April April – it does what it wants

The copper price on the London Metal Exchange (LME) moves in spheres which have not been seen in almost a decade. The aluminium future is also on a high level. The increasing recovery in the global economy during the continuing pandemic will certainly play a role, but the speculative interest…

Zero sum game

The party atmosphere in nickel on the London Metal Exchange (LME) came to an abrupt halt on the 25th February 2021. Within a few minutes the nickel price dropped from USD 19,900/mt to USD 18,700.00/mt, when it had actually been on the brink of breaking the psychological barrier of USD 20,000.00/mt on the upside. An intraday loss of…

A secret ingredient called “Rusakhtj”

The upwards trend in nickel remains intact. Almost like in the textbook, after reaching a temporary high of USD 18,500/mt on 21 January 2021, the market then consolidated again at USD 17,465/mt. From this level the rise in nickel continued, also helped by a…

Potentates open the best cognac

The start of the year was quite something. A sudden change in the global pandemic could not be expected a priori, but that the changeover of power in the USA from the old to the new President would bring such…

TRUST

IN
US.