Chinese Ferro Alloys Taking It Easy
On April 16, 2012, the price of Chinese ferro-moly was unchanged, hovering above $23,000 per metric ton. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat, staying above $1,300 per metric ton.
Chinese Stainless Prices Holding Pat
Chinese 316 stainless steel scrap saw little change in its price yesterday, hovering in the range of $2,900 per metric ton. Chinese 304 stainless coil held its value yesterday at near the $3,000 per metric ton mark. The price of Chinese 304 stainless steel scrap hardly moved yesterday, remaining in the mid-$2,900 per metric ton range. At over $5,000 per metric ton, the price of Chinese 316 stainless coil kept steady as well.
Nickel Prices Slowing Down
Following a two-day rise on the LME, the 3-month price of nickel flattened at $18,455 per metric ton. The primary nickel cash price flattened out at $18,400 per metric ton following a two-day increase on the LME.