Nickel Prices in India Gain, While LME, China Drop

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The Indian nickel cash price saw the biggest upwards shift for the day, rising 3.4 percent on Wednesday, August 28.

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The spot price of nickel weakened by 0.1 percent on the LME, settling at $14,320 per metric ton. The 3-month price of nickel held steady yesterday on the LME, remaining around $14,400 per metric ton.

Chinese stainless steel closed mixed on Wednesday. The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

The price of Chinese primary nickel declined 0.4 percent. The price of Chinese 316 stainless coil held steady. The price of Chinese 304 stainless coil saw essentially no change for the fifth day in a row. The price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap continues hovering in place for the fifth day in a row.

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