Dropping 1.4 percent on the LME, the nickel spot price was the biggest mover on Tuesday, July 16, closing at $13,375 per metric ton. The nickel 3-month price weakened by 1.3 percent on the LME, settling at $13,450 per metric ton.

Following two days of downward movement, the cash price of primary Indian nickel held steady.

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Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

The price of Chinese primary nickel saw a 1.2 percent decline. The price of Chinese 316 stainless coil continues hovering in the same spot for the fifth day in a row. The price of Chinese 304 stainless coil was unchanged. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap saw essentially no change also.

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