The cash price of primary Indian nickel saw a 1.6 percent increase on Tuesday, August 6, making it the biggest mover for the day.
On the LME, the 3-month price of nickel gained 0.2 percent to finish at $13,900 per metric ton. After a 0.1 percent increase, the spot price of nickel finished the day on the LME at $13,830 per metric ton.
Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel weakened by 0.1 percent. For the fifth consecutive day, the prices of Chinese 304 and 316 stainless coil and scrap held flat.