LME Nickel Spot Price Drops Significantly, China Stainless Still Flat

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On Thursday, April 18, the nickel spot price fell by 8.9 percent on the LME, landing at $14,325 per metric ton and making it the day’s biggest mover. On the LME, the 3-month price of nickel declined 2.5 percent to $15,400 per metric ton.

today's metal prices - MetalMiner IndXJust off of a thirty-day low, the cash price of primary Indian nickel rose 0.5 percent on Thursday. The price of Chinese primary nickel fell 2.5 percent to a thirty-day low yesterday.

Chinese stainless steel closed mixed on Thursday. The price of Chinese ferro-chrome was unchanged. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.

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For the fifth day in a row, the prices of Chinese 304 and 316 stainless coil and scrap remained essentially flat.