Cash Price of Primary Indian Nickel Prices Dip 1.5%

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On Wednesday, May 1, the cash price of primary Indian nickel fell by 1.5 percent, making it the day’s biggest mover.

Following two days of rising prices, the nickel 3-month price dropped 0.8 percent on the LME to $15,250 per metric ton. The nickel spot price weakened by 0.6 percent on the LME, settling at $15,195 per metric ton.

today's metal prices - MetalMiner IndXChinese 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 saw little movement.

The prices of Chinese 304 and 316 stainless coil and scrap were unchanged.