Daily Nickel Price Roundup: 3-Month LME Price Rises

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The 3-month price of nickel saw the biggest upwards shift for the day, rising 1.7 percent on the LME to close at $13,900 per metric ton on Tuesday, September 17. Following a two-day drop, the nickel spot price increased by 1.6 percent on the LME to $13,815 per metric ton. The Indian nickel cash price finished the market day up 1.1 percent per kilogram.

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Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome was unchanged and for the fifth consecutive day, the price of Chinese ferro-moly held flat.

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The price of Chinese primary nickel saw a 0.2 percent decline. The price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil continues to hover for the fifth day in a row. The price of Chinese 316 stainless steel scrap saw little movement. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat.