The day’s biggest mover was the cash price of primary Indian nickel which dropped by 3.1 percent on Monday, June 24.
The nickel spot price rose 0.3 percent on Monday on the LME, just off the 30-day low of $13,775 per metric ton it hit on Thursday, June 20. At $13,830, the 3-month price of nickel finished the market day on the LME up 0.1 percent per metric ton.
After hitting a 30-day low on Thursday, June 20, the price of Chinese primary nickel rose 1.3 percent on Monday.
For the fifth consecutive day, the price of Chinese 316 stainless coil held flat. The price of Chinese 304 stainless coil saw essentially no change for the fifth day in a row. The price of Chinese 316 stainless steel scrap continues hovering in place for the fifth day in a row. The price of Chinese 304 stainless steel scrap remained essentially flat.