Cash Price of Primary Indian Nickel Improves 0.3%

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Metal Prices, Premium

On Thursday, September 19, the day’s biggest mover was the cash price of primary Indian nickel, which saw a 0.3 percent increase to INR 873.00 ($13.73) per kilogram. On the LME, the nickel spot price remained essentially flat at $13,775 per metric ton. On the LME, the 3-month price of nickel held steady around $13,865 per metric ton.

Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome held steady at CNY 8,300 ($1,356) per metric ton. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY 145,000 ($23,692) per metric ton.

The price of Chinese 316 stainless coil was unchanged at CNY 26,000 ($4,248) per metric ton. The price of Chinese 304 stainless coil saw little movement at CNY 16,400 ($2,680) per metric ton. The price of Chinese 316 stainless steel scrap remained essentially flat at CNY 16,100 ($2,631) per metric ton. The price of Chinese 304 stainless steel scrap continues hovering around CNY 16,400 ($2,680) per metric ton for the fifth day in a row. The price of Chinese primary nickel steadied at CNY 97,750 ($15,972) per metric ton following two-days of dropping prices.

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