Nickel Spot Price Sees Small Decrease

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The day’s biggest mover was the nickel spot price which dropped by 0.2 percent on Friday, November 15 to close at $13,575 per metric ton on the LME. The 3-month price of nickel steadied at $13,660 per metric ton following two-days of dropping prices on the LME. The Indian nickel cash price held steady.

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Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly saw little movement.

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The price of Chinese primary nickel weakened by 0.2 percent. The price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil held steady. The price of Chinese 316 stainless steel scrap was unchanged. For the fifth consecutive day, the price of Chinese 304 stainless steel scrap held flat.