Cash Price Of Primary Indian Nickel Lower

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Dropping 1.8 percent, the Indian nickel cash price was the biggest mover on Aug. 8, 2012.

The nickel spot price saw little movement yesterday on the LME, closing out around $15,450 per metric ton. On the LME, the 3-month price of nickel held steady around $15,525 per metric ton.

Chinese stainless steel prices were flat for the day.

For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat above $4,500 per metric ton. The price of Chinese 304 stainless coil remained essentially flat above $2,800 per metric ton.

The price of Chinese 316 stainless steel scrap held steady above $2,600 per metric ton. At just north of $2,800 per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

The price of Chinese primary nickel steadied above $18,000 per metric ton following two days of increases.

The prices of Chinese ferro-chrome and Chinese ferro-moly held flat again.

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