Cash Price of Primary Indian Nickel Up Again

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Following a two-day decline, the Indian nickel cash price climbed up 3.2 percent on Wednesday, July 31.

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On the LME, the 3-month price of nickel declined 1.6 percent to $13,490 per metric ton. The spot price of nickel weakened by 1.5 percent on the LME, settling at $13,430 per metric ton.

Chinese stainless steel closed mixed yesterday. The price of Chinese ferro-chrome held steady. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.

The price of Chinese primary nickel saw a 0.2 percent decline. The prices of Chinese 304 and 316 stainless coil and scrap still remain essentially flat.

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