The price of Chinese primary nickel saw a 0.8 percent drop on Tuesday, April 23, making it the biggest mover of the day.
Chinese 304 stainless steel scrap held its value on Tuesday. The price of Chinese 316 stainless steel scrap was unchanged. The price of Chinese 304 stainless coil held steady. Chinese 316 stainless coil saw little change in its price on Tuesday.
The nickel 3-month price saw a 0.5 percent decline on the LME to $15,225 per metric ton. A Tuesday price drop of 0.4 percent carried the cash price of primary Indian nickel to a 30-day low. On the LME, the nickel spot price fell 0.3 percent to $15,175 per metric ton.