The 3-month price of nickel experienced the biggest price decline of the day, dropping 1.6 percent on the LME to close at $13,900 per metric ton on Monday, July 29. On the LME, the nickel spot price declined 1.6 percent to $13,825 per metric ton.
The cash price of primary Indian nickel fell 0.7 percent.
Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel saw a 1.4 percent decline. The prices of Chinese 304 and 316 stainless coil and scrap were unchanged.