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

The 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.

FREE Download: The latest Monthly MMI® Report – covering the Stainless/Nickel markets!