Chinese Primary Nickel Improves 0.8%

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On Monday, September 16, the day’s biggest mover was the price of Chinese primary nickel, which saw a 0.8 percent increase. The price of Chinese 304 stainless steel scrap held steady. The price of Chinese 316 stainless steel scrap was unchanged. The price of Chinese 304 stainless coil saw little movement. The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row.

The price of Chinese ferro-chrome continues to hover for the fifth day in a row. Also for the fifth consecutive day, the price of Chinese ferro-moly held flat.

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The cash price of primary Indian nickel fell 0.5 percent. The 3-month price of nickel is back up, rising by 0.1 percent on the LME yesterday to close at $13,670 per metric ton. On the LME, the spot price of nickel declined 0.1 percent to $13,600 per metric ton.