Primary Indian Nickel Cash Price Shifts Up 1.7%

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On Wednesday, November 13, the Indian nickel cash price experienced the biggest change, rising 1.7 percent. On the LME, the nickel spot price fell 1.1 percent to $13,650 per metric ton. On the LME, the nickel 3-month price declined 1.0 percent to $13,730 per metric ton.

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Chinese stainless steel closed mixed on Wednesday. The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly was unchanged.

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The price of Chinese primary nickel saw a 0.5 percent decline. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat. For the fifth day in a row, the price of Chinese 304 stainless coil remained essentially flat. 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.