Prices Reach 30-Day Low for Nickel Spot Price

by on
Style:
Category:
Metal Prices, Premium

The day’s biggest mover was the spot price of nickel which dropped by 2.5 percent on Friday, June 14 to close at $14,025 per metric ton on the LME. On the LME, the 3-month price of nickel declined 2.3 percent to $14,110 per metric ton. After falling for two days, the cash price of primary Indian nickel rose 0.3 percent to INR 821.50 ($14.16) per kilogram.

Chinese stainless steel prices closed flat for the day. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,352) per metric ton. The price of Chinese ferro-moly was unchanged at CNY 145,000 ($23,627) per metric ton.

The price of Chinese 316 stainless coil saw little movement at CNY 26,000 ($4,237) per metric ton. The price of Chinese 304 stainless coil continues hovering around CNY 16,400 ($2,672) per metric ton for the fifth day in a row. The price of Chinese 316 stainless steel scrap remained essentially flat at CNY 16,100 ($2,623) per metric ton. The price of Chinese 304 stainless steel scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,400 ($2,672) per metric ton. The price of Chinese primary nickel held steady last Friday, remaining around CNY 105,950 ($17,264) per metric ton.