The 3-month price of nickel fell 5.4 percent on Oct. 5, 2012 to $18,600 per metric ton on the LME, making it the day’s biggest mover on the MetalMiner IndX℠. On the LME, the spot price of nickel increased 0.1 percent to $18,640 per metric ton.
Meanwhile, the Indian nickel cash price declined 1.1 percent.
Chinese stainless steel and key raw material input prices closed flat for the day.
The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-molybdenum remained essentially flat.
For the fifth day in a row, the price of Chinese primary nickel remained essentially flat.
The prices of Chinese 304 and 316 stainless coil and scrap continue to hover in place for now.
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