Following a two-day decline on the LME, the spot price of nickel climbed up 0.8 percent to end at $15,200 per metric ton on Thursday, April 25. The cash price of primary Indian nickel fell 0.7 percent. Following a 0.6 percent rise on Thursday, the nickel 3-month price closed on the LME at $15,245 per metric ton.
Chinese stainless steel closed mixed on Thursday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.
The price of Chinese primary nickel rose 0.8 percent. The price of Chinese 316 stainless coil was essentially unchanged. Chinese 304 stainless coil saw little change in its price on Thursday. The price of Chinese 316 stainless steel scrap held steady. Chinese 304 stainless steel scrap stayed flat.