China's Primary Nickel Price Switches Direction

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Following two days of increases, the price of Chinese primary nickel dropped by 0.5 percent on Wednesday, August 14.

The prices of Chinese 304 stainless steel coil and scrap were unchanged.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

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

Weakening prices followed two days of improvement as the nickel 3-month price dropped 0.5 percent on the LME to $14,800 per metric ton. After improving for two days, the spot price of nickel declined 0.3 percent on the LME to $14,730 per metric ton.

The Indian nickel cash price flattened after two days of improvement.