Cash Price of Primary Indian Nickel Shifts Up, While Stainless Prices Drop

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Rising 1.0 percent, the cash price of primary Indian nickel experienced the biggest change for Tuesday, May 7.

On the LME, the nickel spot price saw little change in its price on Tuesday at $14,905 per metric ton. On the LME, the nickel 3-month price saw little movement on Tuesday at $14,965 per metric ton.

Chinese stainless steel prices were mixed for the day.

today's metal prices - MetalMiner IndXThe price of Chinese 304 stainless coil reached a 30-day low after decreasing 0.6 percent. The price of Chinese 304 stainless steel scrap moved yesterday. After a few changeless days, prices dropped 0.6 percent as well. The price of Chinese primary nickel saw little movement yesterday. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat. The price of Chinese 316 stainless steel scrap was unchanged.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly held steady.