Indian Nickel Market Still Weakening, LME Prices Drop

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With a decline of 0.3 percent on Thursday, August 15, the cash price of primary Indian nickel recorded the biggest decline of the day.

The nickel spot price saw a 0.2 percent decline on the LME to $14,700 per metric ton. On the LME, the 3-month price of nickel declined 0.2 percent to $14,775 per metric ton.

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Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome continues hovering in place for the fifth day in a row. The price of Chinese ferro-moly remained essentially flat.

The price of Chinese primary nickel remained essentially flat, as did prices for 304 and 316 grades of Chinese stainless steel coil and scrap.

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