On Monday, June 10, the day’s biggest mover was the spot price of nickel, which saw a 0.9 percent increase on the LME to $15,045 per metric ton. The cash price of primary Indian nickel rose 0.5 percent. At $15,105, the 3-month price of nickel finished the market day on the LME up 0.4 percent per metric ton.
Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly maintains its flat trend.
The price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil held steady as well. The price of Chinese 316 stainless steel scrap was unchanged. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat. The price of Chinese primary nickel saw little movement on Monday.