China, LME Nickel Prices Up, But Stainless Holds Its Own

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On Nov. 7, 2012, the price of Chinese primary nickel experienced the biggest change on our stainless price index, rising 1.3 percent.

Following a two-day drop, the 3-month price of nickel increased by 1 percent on the LME to $16,010 per metric ton. After falling for two days, the nickel spot price rose 0.8 percent on the LME to $15,970 per metric ton.

The cash price of primary Indian nickel saw a 0.5 percent decline.

real stainless steel pricing - MetalMiner IndXPrices of Chinese 304 and 316 stainless steel coil and scrap held steady for the day.

The price of Chinese ferro-chrome was unchanged, and the price of Chinese ferro-moly saw essentially no change for the fifth day in a row.


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