On April 24, 2012, 3-month prices of LME nickel fell by one percent, landing at $17,625 per metric ton and making it the day’s biggest mover in stainless steel inputs. Also on the LME, primary nickel spot prices fell 0.9 percent to $17,595 per metric ton.
Chinese stainless steel and its inputs closed mixed on Tuesday.
The price of Chinese 316 stainless coil was unchanged, holding above $5,000 per metric ton. Chinese 304 stainless coil saw little change in its price yesterday, under $3,000 per metric ton. The price of Chinese 316 stainless steel scrap remained steady as well, while Chinese 304 stainless steel scrap stayed flat.
The price of Chinese ferro-moly held steady under $30,000 per metric ton. The price of Chinese ferro-chrome continues hovering around the $1,300 per metric ton mark for the fifth day in a row. Also, the price of Chinese primary nickel increased 0.2 percent.