On June 14, 2012, the Indian nickel cash price fell by two percent, making it the day’s biggest mover.

Meanwhile, the spot price of nickel ended a two-day climb on the LME, settling at $17,080 per metric ton. After a couple of days of improving prices on the LME, the nickel 3-month price held steady at $17,175.

Chinese stainless steel and raw material inputs prices were mixed for the day.

The price of Chinese ferro-chrome held steady above $1,300 per metric ton. For the fifth consecutive day, the price of Chinese ferro-moly held flat.

The price of Chinese primary nickel saw a 1.1 percent decline on June 14.

The price of Chinese 316 stainless coil remained essentially flat, holding below $4,800 per metric ton. The price of Chinese 304 stainless coil continues hovering around $2,800 per metric ton for the fifth day in a row.

Chinese 316 stainless steel scrap held its value on Thursday, and the price of Chinese 304 stainless steel scrap saw little movement.