Chinese Primary Nickel Prices Hit 30-Day Low on Daily Index

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The price of Chinese primary nickel saw the biggest decline of the day, dropping 0.4 percent on Thursday, June 20.

today's metal prices - MetalMiner IndXThe price of Chinese 304 stainless steel scrap saw little movement. The price of Chinese 316 stainless steel scrap was unchanged. For the fifth day in a row, the price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless coil remained essentially flat.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.

The nickel 3-month price rose 0.4 percent on the LME to $14,100 per metric ton after a two-day drop. After a couple of days of decreasing prices on the LME, the spot price of nickel held steady at $14,005.

Following two days of rising prices, the cash price of primary Indian nickel dropped 0.3 percent.

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