Stainless Steel Price Round-Up: Spot Price of Nickel Sees Small Jump

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On Monday, November 4, the nickel spot price experienced the biggest change, rising 0.4 percent on the LME to $14,575 per metric ton. On the LME, the nickel 3-month price rose 0.3 percent to $14,620 per metric ton. The cash price of primary Indian nickel showed little movement on Monday.

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Chinese stainless steel closed mixed on Monday. The price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly held steady.

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The price of Chinese primary nickel saw a 0.4 percent decline. For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil was unchanged. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap continues to hover for the fifth day in a row.