3-Month Price of Nickel Rises 2.3%

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Rising 2.3 percent to close at $17,340 per metric ton, the nickel 3-month price experienced the biggest change on the LME for Nov. 30, 2012. Following two days of rising prices, the Indian nickel cash price dropped 1.9 percent. On the LME, the nickel spot price rose 1.9 percent.

Chinese stainless steel closed mixed last Friday. The price of Chinese ferro-chrome held steady and the price of Chinese ferro-moly saw little movement.real stainless steel pricing - MetalMiner IndX

The price of Chinese primary nickel finished the market day up 1.0 percent per metric ton. The price of Chinese 316 stainless coil held steady. For the fifth day in a row, the price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap remained essentially flat, while the price of Chinese 304 stainless steel scrap continues to hover for the fifth day in a row.

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