Nickel 3-month prices saw the biggest upwards shift for the day, rising three percent on the LME to close at $18,065 per metric ton on April 27, 2012. Also on the LME, the price of primary nickel rose 2.7 percent to $17,965 per metric ton.
Chinese stainless steel prices were mixed for the day. The price of Chinese 316 stainless coil remained steady, holding above $5,000 per metric ton. The price of Chinese 304 stainless coil continues hovering under $3,000 per metric ton for the fifth day in a row. The price of Chinese 316 stainless steel scrap remained essentially flat, also under $3,000 per metric ton. For the fifth consecutive day, the price of Chinese 304 stainless steel scrap held flat at above $2,900 per metric ton.
For the fifth day in a row, the prices of Chinese ferro-chrome and ferro-moly saw no notable movement. The price of Chinese primary nickel gained 1.1 percent to finish at CNY 133,000 ($21,147) per metric ton.