Cash Price of Primary Indian Nickel Sees Small Price Drop

by on
Style:
Category:
Metal Prices, Premium

With a decline of 1.0 percent to INR 859.40 ($13.64) per kilogram on Friday, November 22, the Indian nickel cash price recorded the biggest decline of the day. On the LME, the nickel spot price declined 0.6 percent to $13,420 per metric ton. On the LME, the nickel 3-month price fell 0.5 percent to $13,500 per metric ton.

Chinese stainless steel prices were mixed for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,362) per metric ton. The price of Chinese ferro-moly was unchanged at CNY 145,000 ($23,792) per metric ton.

The price of Chinese primary nickel saw a 0.5 percent decline to CNY 95,100 ($15,604) per metric ton. The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row, remaining around CNY 26,000 ($4,266) per metric ton. The price of Chinese 304 stainless coil continues hovering around CNY 16,400 ($2,691) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat at CNY 16,100 ($2,642) per metric ton. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat at CNY 16,400 ($2,691) per metric ton.

{Comments Off on Cash Price of Primary Indian Nickel Sees Small Price Drop Comments Off on Cash Price of Primary Indian Nickel Sees Small Price Drop}