3-Month Price of Nickel Improves Slightly

by on
Style:
Category:
Metal Prices, Premium

Rising 2.1 percent to close at $13,970 per metric ton, the 3-month price of nickel experienced the biggest change on the LME for Monday, September 9. The cash price of primary Indian nickel saw a 2.0 percent decline to INR 911.40 ($13.97) per kilogram. At $13,895, the nickel spot price finished the market day on the LME up 1.8 percent per metric ton.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,355) per metric ton for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,676) per metric ton.

The price of Chinese primary nickel inched up 1.3 percent to CNY 98,800 ($16,132) per metric ton. The price of Chinese 316 stainless coil held steady at CNY 26,000 ($4,245) per metric ton. The price of Chinese 304 stainless coil saw little movement at CNY 16,400 ($2,678) per metric ton. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat at CNY 16,100 ($2,629) per metric ton. The price of Chinese 304 stainless steel scrap was unchanged at CNY 16,400 ($2,678) per metric ton.