Primary Indian Nickel Cash Price Turnaround on Daily Stainless Index

On Sept. 21, 2012, the day’s biggest mover on MetalMiner’s stainless price index was the Indian nickel cash price, which saw a 1.5 percent increase. This increase comes after the price fell for the two previous days.

On the LME, the 3-month price of nickel declined 1.1 percent to $17,625 per metric ton. Also on the LME, the nickel spot price fell 1 percent to $17,595 per metric ton.

Chinese stainless steel prices — for 316 stainless coil, 304 stainless coil, 316 stainless steel scrap and 304 stainless steel scrap — closed flat for the day.

The price of Chinese primary nickel showed little movement last Friday and the prices of Chinese ferro-chrome and Chinese ferro-moly remained essentially flat.

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