Nickel Market Update: LME Down But India Price Rises

The cash price of primary Indian nickel saw a 0.6 percent increase on Friday, August 16, making it the biggest mover for the day.

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The nickel 3-month price weakened by 0.3 percent on the LME, settling at $14,725 per metric ton. On the LME, the nickel spot price declined 0.3 percent to $14,655 per metric ton.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly remained essentially flat.

For the fifth day in a row, the prices of Chinese 304 and 316 stainless coil and scrap remained essentially flat.

The price of Chinese primary nickel held steady.

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