Nickel Spot Price Rises, While China Stainless Prices Still Steady

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Except for LME nickel, you could hear a pin drop on global stainless markets yesterday.

On Oct. 1, 2012, the nickel spot price experienced the biggest change, rising 2 percent on the LME to $18,515 per metric ton. Also on the LME, the 3-month price of nickel inched up 1.7 percent to $18,540 per metric ton.

The cash price of primary Indian nickel flattened after two days of improvement.

The price of Chinese ferro-chrome continues hovering in the same spot for the fifth day in a row. The price of Chinese ferro-moly held steady as well.

Prices of Chinese 304 and 316 stainless coil and stainless scrap remained essentially unchanged.

The price of Chinese primary nickel also held steady yesterday.

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