3-Month Price of Nickel Sees Small Decrease

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Metal Prices, Premium

On Thursday, November 21, the day’s biggest mover was the nickel 3-month price, which saw a 0.9 percent decline on the LME to $13,570 per metric ton. The nickel spot price weakened by 0.5 percent on the LME, settling at $13,505 per metric ton. The Indian nickel cash price saw a 0.4 percent decline to INR 868.50 ($13.84) per kilogram.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,362) per metric ton. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 145,000 ($23,799) per metric ton.

The price of Chinese 316 stainless coil saw little movement at CNY 26,000 ($4,267) per metric ton. For the fifth day in a row, the price of Chinese 304 stainless coil remained essentially flat at CNY 16,400 ($2,692) per metric ton. The price of Chinese 316 stainless steel scrap held steady at CNY 16,100 ($2,643) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 16,400 ($2,692) per metric ton. The price of Chinese primary nickel saw little movement on Thursday at CNY 95,600 ($15,691) per metric ton.

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