With a 0.8 percent increase over the past day, the cash price of primary Indian nickel was the biggest mover on Wednesday, April 24.
On the LME, the nickel spot price fell 0.6 percent to $15,080 per metric ton. The nickel 3-month price saw a 0.5 percent decline on the LME to $15,150 per metric ton.
Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome continues hovering in place for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat as well.
After hitting a 30-day low on Monday, April 22, the price of Chinese primary nickel rose 0.5 percent on Wednesday. Chinese 316 stainless coil held its value on Wednesday. The price of Chinese 304 stainless coil showed little movement on Wednesday. The price of Chinese 316 stainless steel scrap held steady. The price of Chinese 304 stainless steel scrap remained steady as well.