The cash price of primary Indian nickel saw a 1.3 percent drop on Tuesday, May 14, making it the biggest mover of the day.
On the LME, the spot price of nickel fell 0.7 percent to $15,230 per metric ton. On the LME, the 3-month price of nickel declined 0.6 percent to $15,325 per metric ton.
The price of Chinese primary nickel rose 0.6 percent. The price of Chinese 316 stainless coil held steady. The price of Chinese 304 stainless coil remained essentially flat. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap. The price of Chinese 304 stainless steel scrap was essentially unchanged.