Stainless Steel Price Round-Up: Chinese Primary Nickel Up

Following a two-day decline, the price of Chinese primary nickel climbed up 0.6 percent on Thursday, November 14. The price of Chinese 304 stainless steel scrap saw essentially no change for the fifth day in a row. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat. The price of Chinese 304 stainless coil remained essentially flat, as was the price of Chinese 316 stainless coil.

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The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly continues to hover for the fifth day in a row.

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On the LME, the 3-month price of nickel declined 0.6 percent to $13,650 per metric ton. On the LME, the spot price of nickel fell 0.4 percent to $13,600 per metric ton. The Indian nickel cash price weakened by 0.1 percent.