Chinese Primary Nickel Shifts Up 2.7%

by on
Style:
Category:
Metal Prices, Premium

On Monday, August 12, the price of Chinese primary nickel experienced the biggest change, rising 2.7 percent to CNY 102,950 ($16,808) per metric ton. The price of Chinese 304 stainless steel scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,400 ($2,678) per metric ton. The price of Chinese 316 stainless steel scrap held steady at CNY 16,100 ($2,629) per metric ton. For the fifth consecutive day, the price of Chinese 304 stainless coil held flat at CNY 16,400 ($2,678) per metric ton. The price of Chinese 316 stainless coil saw little movement at CNY 26,000 ($4,245) per metric ton.

The price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,355) per metric ton. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,673) per metric ton.

* Get the complete prices every day on the MetalMiner IndX℠

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.