With a decline of 7.1 percent on the LME to $13,825 per metric ton on Monday, September 2, the 3-month price of nickel recorded the biggest decline of the day. The nickel spot price was off by 6.9 percent on the LME last Friday, falling from $13,750 to $13,750 per metric ton.
The Indian nickel cash price rose 3.2 percent after a two-day drop.
Chinese stainless steel closed mixed last Friday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly held steady.
The price of Chinese primary nickel was down 5.2 percent from the previous market day.
The prices of Chinese 304 and 316 stainless coil and scrap saw essentially no change for the fifth day in a row.