The spot price of nickel rose 0.6 percent on the LME to $13,685 per metric ton after falling 0.9 percent during the previous week. The nickel 3-month price rose 0.4 percent on the LME to $13,775 per metric ton after falling 0.6 percent during the previous week.
A 0.2 percent gain landed the price of Chinese primary nickel lower on the week. Chinese 304 stainless steel scrap prices held steady from the previous week. Chinese 316 stainless steel scrap remained unchanged for the week. Chinese 304 stainless coil traded sideways last week also. The price of Chinese 316 stainless coil did not change since the previous week.
Following a steady week, prices for Chinese ferro-chrome closed flat. Prices for Chinese ferro-moly remained constant.
The week finished with no movement for Korean 430 stainless steel coil. Korean 304 stainless coil remained essentially flat from the previous week.
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