ORYX STAINLESS GROUP

We trade globally in raw materials for the stainless steel industry.
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Oryx Commodity News

Fiction and truth

The nickel price on the London Metal Exchange (LME) lost some ground recently. After the high in the middle of September of just short of USD 20,500.00/mt, the 3 months price took a rapid fall. By the end of September, it had reached a relative low of almost USD 17,700.00/mt. However, this is where the futures market came to a standstill. A recovery movement began, with not only fundamental but also technical aspects. So far, this has led to a level of…

All eggs in one basket?

Despite generally weaker economic data, weaker stock markets and increasing fears that central banks may tighten the reins on ultra-loose monetary policy in the long term, nickel on the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE) continues its upward trend undeterred. At prices of around…

Is it Red’s fault that it is red?

Despite certain volatility, the positive trend of nickel on the London Metal Exchange (LME) remains intact. Meanwhile the high of just under USD 20,000.00/mt at the end of July could not, so far, be defended. After a correction, which led to a price of…

A lesson in commodity price hedging

Unfortunately there is no trace of summer in our latitudes. A pronounced cold period was followed by a pronounced rainy period. This has led to a summer edition without any real summer feeling. In any case, any cheerfulness has already been lost in all parts of the world for…

The Commodity Guru is back again

China not only influences commodity markets because of the enormous economic growth of the last decades and the associated demand for raw materials, but, as a heavy weight, it is also trying to pursue a raw material price policy beyond market processes. At one time, it would only take a cough from Alan Greenspan, long-time president of the US Fed,…

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