The price of Chinese primary nickel saw a 3.4 percent increase on Thursday, July 11, making it the biggest mover for the day.
For the fifth consecutive day, the prices of Chinese 304 and 316 stainless steel scrap held flat.
The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly was unchanged.
After hitting a 30-day low on Tuesday, July 9, the nickel 3-month price rose 2.3 percent yesterday on the LME. The nickel spot price rose 2.3 percent yesterday on the LME, just off the 30-day low of $13,460 per metric ton it hit on Tuesday, July 9. The cash price of primary Indian nickel rose 0.6 percent.