Stainless Scrap Still Flat as Cash Price of India Nickel Drops

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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.

today's metal prices - MetalMiner IndXChinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome remained essentially flat. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

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.

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