Chinese Primary Nickel Price Improves on the Day, LME Nickel Up Too

The price of Chinese primary nickel moved up 2.4 percent on Sept. 28, 2012, making it the day’s biggest mover on MetalMiner’s price index for the stainless market.

On the LME, the spot price of nickel inched up 1.3 percent to $18,150 per metric ton. Also on the LME, the nickel 3-month price gained 1 percent to finish at $18,225 per metric ton.

The cash price of primary Indian nickel rose 0.9 percent.

Several prices of Chinese stainless steel and scrap stainless, including 304 and 316 grades, were unchanged.

The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

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