Chinese Nickel Price Dips; Stainless Market Steady

by on

On April 19, 2012, the price of Chinese primary nickel fell by 0.8 percent, making it the day’s biggest mover in the market of stainless steel inputs.

On the LME, the primary nickel spot price declined 0.2 percent to $17,720 per metric ton. Also on the LME, the 3-month price of nickel showed little movement on Thursday, hovering around $17,810 per metric ton.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,317) per metric ton. The price of Chinese ferro-moly held steady as well at CNY 145,000 ($23,020) per metric ton.

Chinese Stainless Holds

The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,500 ($2,937) per metric ton. Chinese 316 stainless steel scrap stayed flat at around CNY 18,300 ($2,903) per metric ton. The price of Chinese 304 stainless coil remained steady at CNY 18,500 ($2,937) per metric ton. The price of Chinese 316 stainless coil remained essentially flat at CNY 32,000 ($5,080) per metric ton.

 

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.