The cash price of primary Indian nickel saw the biggest upwards shift for the day on our stainless price index, rising 1.4 percent on Nov. 12, 2012.
The nickel 3-month price dropped by 0.5 percent on the LME to $15,945 per metric ton after holding steady. The spot price of nickel weakened by 0.4 percent on the LME, settling at $15,885 per metric ton. The price of Chinese primary nickel saw a 0.9 percent decline.
Chinese 304 stainless coil finished the day down 0.6 percent. The price of Chinese 304 stainless steel scrap fell 0.6 percent. Chinese 316 stainless coil saw little change in its price on Monday, and Chinese 316 stainless steel scrap remained essentially flat.
The price of Chinese ferro-chrome continues in place for the fifth day in a row. The price of Chinese ferro-molybdenum held steady.