Cash Price of Primary Nickel in India Sees Small Decrease

The cash price of primary Indian nickel experienced the biggest price decline of the day, dropping 0.7 percent on Tuesday, April 30.

On the LME, the nickel 3-month price rose 0.1 percent to $15,370 per metric ton. The spot price of nickel showed little movement on Tuesday on the LME at $15,280 per metric ton.

Chinese stainless steel prices closed flat for the day. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly remained essentially flat.

The price of Chinese 316 stainless coil continues hovering in place for the fifth day in a row. Stainless scrap prices did not change either.