Chinese Primary Nickel Shifts Up 2.7%

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On Monday, August 12, the price of Chinese primary nickel experienced the biggest change, rising 2.7 percent.

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The prices of Chinese 304 and 316 stainless steel coil and scrap saw essentially no change for the fifth day in a row.

The price of Chinese ferro-chrome remained essentially flat, as did the price of Chinese ferro-moly.

On the LME, the spot price of nickel rose 1.9 percent to $14,425 per metric ton. The cash price of primary Indian nickel increased 1.8 percent to INR 898.20 ($14.76) per kilogram. On the LME, the nickel 3-month price rose 1.8 percent to $14,470 per metric ton.

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