Dropping 1.0 percent on the LME, the nickel 3-month price was the biggest mover on Tuesday, June 18, closing at $14,175 per metric ton. The spot price of nickel saw a 1.0 percent decline on the LME to $14,080 per metric ton. The Indian nickel cash price gained 0.8 percent.
Chinese stainless steel and raw material inputs closed mixed yesterday. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.
Chinese primary nickel saw its price drop 1.0 percent to a 30-day low. The price of Chinese 316 stainless coil was unchanged. The price of Chinese 304 stainless coil held steady. The price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap saw essentially no change for the fifth day in a row.