Cash Price Of Primary Indian Nickel Back Up

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Following a two-day flat streak, the Indian nickel cash price climbed by 0.8 percent to end at INR 944 ($17) per kilogram on Dec. 27, 2012. the spot price of nickel showed little movement on Thursday on the LME at $17,010 per metric ton. On the LME, the nickel 3-month price showed little movement yesterday, hovering around $17,075 per metric ton.

Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,330) per metric ton for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,249) per metric ton.

The price of Chinese primary nickel rose 0.6 percent to CNY 119,600 ($19,177) per metric ton. The price of Chinese 316 stainless coil remained essentially flat at CNY 26,900 ($4,313) per metric ton. Chinese 304 stainless coil held its value yesterday at CNY 18,000 ($2,886) per metric ton. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,600 ($2,661) per metric ton. Chinese 304 stainless steel scrap stayed flat at around CNY 18,000 ($2,886) per metric ton.

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