Chinese 316 Stainless Coil Down 1.8%

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On Nov. 29, 2012, the day’s biggest mover was the price of Chinese 316 stainless coil, which saw a 1.8 percent decline. This was the first move after three changeless days. The price of Chinese primary nickel fell 0.2 percent. The price of Chinese 304 stainless steel scrap continues to hover for the fifth day in a row. Also for the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat. The price of Chinese 304 stainless coil was also unchanged.

For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat, as did the price of Chinese ferro-moly.

The nickel 3-month price finished the day at a 1.3 percent increase. On the LME, the spot price of nickel also inched up 1.3 percent. The cash price of primary Indian nickel gained 1.0 percent.

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