Stainless Market Roundup: Price of Nickel in India Drops, Alloys Flat

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The cash price of primary Indian nickel saw a 1.4 percent decline.

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

The prices of Chinese 304 and 316 stainless coil and scrap remained unchanged today.

On the LME, the 3-month price of nickel declined 0.1 percent to $14,530 per metric ton. On the LME, the nickel spot price fell 0.1 percent to $14,430 per metric ton.

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