3-Month Price of Nickel Shifts Up 2.6%, Chinese Stainless Flat

The 3-month price of nickel saw the biggest increase on our daily stainless price index, up 2.6 percent on the LME, finishing at $18,015 per metric ton for Sept. 18, 2012. Also on the LME, the nickel spot price inched up 2.5 percent to $17,950 per metric ton.

Following a couple days of improvement, the Indian nickel cash price weakened by 0.4 percent. Following two days of rising prices, the price of Chinese primary nickel dropped 0.2 percent

Chinese stainless steel closed flat on Tuesday.

The prices of Chinese 316 stainless coil, 316 stainless steel scrap, and 304 stainless steel scrap all held steady.

The price of Chinese ferro-chrome was unchanged, north of $1,300 per metric ton. The price of Chinese ferro-moly continues hovering above $22,900 per metric ton for the fifth day in a row.

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