The day’s biggest mover was the Indian nickel cash price, which dropped by 1.5 percent on Wednesday, May 15.
The nickel 3-month price saw a 0.9 percent decline on the LME to $15,180 per metric ton. On the LME, the spot price of nickel fell 0.9 percent to $15,100 per metric ton. The price of Chinese primary nickel saw a 1.3 percent decline.
The price of Chinese ferro-chrome continues hovering in place for the fifth day in a row. Also for the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The prices of Chinese 304 and 316 stainless coil and scrap were unchanged for the day.