Cash Price of Primary Indian Nickel Sees Small Decrease

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Metal Prices, Premium

On Thursday, July 25, the day’s biggest mover was the cash price of primary Indian nickel, which saw a 1.3 percent decline to INR 828.00 ($14.00) per kilogram. On the LME, the nickel spot price rose 1.0 percent to $14,115 per metric ton. On the LME, the nickel 3-month price increased 0.9 percent to $14,170 per metric ton.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome held steady at CNY 8,300 ($1,352) per metric ton. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,626) per metric ton.

The price of Chinese primary nickel inched up 0.6 percent to CNY 99,650 ($16,237) per metric ton. The price of Chinese 316 stainless coil remained essentially flat at CNY 26,000 ($4,236) per metric ton. The price of Chinese 304 stainless coil continues hovering around CNY 16,400 ($2,672) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat at CNY 16,100 ($2,623) per metric ton. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat at CNY 16,400 ($2,672) per metric ton.