Spot Price of Nickel Up, China Stainless Still Not Moving

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The nickel spot price saw a 1.9 percent drop on the LME on Sept. 27, 2012, landing at $17,925 per metric ton and making it the biggest mover of the day on our stainless price index.

The 3-month price of nickel saw a 1.6 percent decline on the LME to $18,045 per metric ton.

Meanwhile, the cash price of primary Indian nickel gained 0.6 percent on the day.

Chinese stainless steel prices for 304 and 316 coil and stainless closed flat again yesterday.

The price of Chinese primary nickel, following a couple days of improvement, weakened by 0.7 percent. The price of Chinese ferro-chrome remained essentially flat, and the price of Chinese ferro-moly was unchanged.

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