The spot price of nickel saw the biggest upwards shift for the day, rising 2.7 percent on the LME to close at $15,025 per metric ton on Tuesday, June 4. On the LME, the nickel 3-month price gained 2.2 percent to finish at $15,125 per metric ton.
Chinese stainless steel closed mixed yesterday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly held steady.
The price of Chinese primary nickel increased 1.6 percent.
The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row. The price of Chinese 304 stainless coil was unchanged. The price of Chinese 316 stainless steel scrap continues hovering in place for the fifth day in a row. The price of Chinese 304 stainless steel scrap saw little movement.