On Tuesday, May 21, the day’s biggest mover was the cash price of primary Indian nickel, which saw a 1.2 percent increase.
On the LME, the nickel 3-month price remained essentially flat at $14,910 per metric ton. The nickel spot price showed little movement yesterday on the LME at $14,845 per metric ton.
Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel gained 0.8 percent. The price of Chinese 316 stainless coil saw little movement. The price of Chinese 304 stainless coil was unchanged. The price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap continues hovering in place for the fifth day in a row.