On Monday, May 20, the day’s biggest mover was the spot price of nickel, which saw a 0.6 percent increase on the LME to $14,850 per metric ton. This increase comes after the price fell for the two previous days. On the LME, the 3-month price of nickel held steady around $14,900 per metric ton.
Chinese 304 and 316 stainless steel coil and scrap prices closed flat for the day. The price of Chinese ferro-chrome remained essentially flat. For the fifth consecutive day, the price of Chinese ferro-moly held flat as well.