Cash Price of Primary Indian Nickel Hits 30-Day Price Low

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Dropping 3.2 percent, the Indian nickel cash price was the biggest mover on Wednesday, April 17.

The spot price of nickel rose 1.8 percent on the LME to $15,725 per metric ton after a two-day drop. Following a 1.6 percent rise on Wednesday, the nickel 3-month price closed on the LME at $15,795 per metric ton.

today's metal prices - MetalMiner IndXChinese stainless steel closed mixed on Wednesday. The price of Chinese ferro-chrome held steady. The price of Chinese ferro-moly was unchanged.

Following a two-day drop, the price of Chinese primary nickel increased by 1.1 percent.

The prices of Chinese 304 and 316 stainless coil and scrap saw essentially no change for the fifth day in a row.