China, LME Nickel Prices Up, But Stainless Holds Its Own

by MetalMiner IndX Reports on

On Nov. 7, 2012, the price of Chinese primary nickel experienced the biggest change on our stainless price index, rising 1.3 percent.

Following a two-day drop, the 3-month price of nickel increased by 1 percent on the LME to $16,010 per metric ton. After falling for two days, the nickel spot price rose 0.8 percent on the LME to $15,970 per metric ton.

The cash price of primary Indian nickel saw a 0.5 percent decline.

real stainless steel pricing - MetalMiner IndXPrices of Chinese 304 and 316 stainless steel coil and scrap held steady for the day.

The price of Chinese ferro-chrome was unchanged, and the price of Chinese ferro-moly saw essentially no change for the fifth day in a row.


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