LME Nickel 3-Month Price Shifts Up, China Ferroalloys Flat

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With a 1.5 percent increase over the past day, the 3-month price of nickel was the biggest mover on the LME, closing at $13,850 per metric ton on Friday, August 2. At $13,750, the nickel spot price finished the market day on the LME up 1.4 percent per metric ton.

The Indian nickel cash price rose 0.5 percent.

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Chinese stainless steel closed mixed last Friday. For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly remained essentially flat.

The price of Chinese primary nickel declined 0.4 percent. The prices of Chinese stainless remained unchanged.

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