Primary Indian Nickel Sees Small Price Drop, As Does Nickel Spot Price On LME

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With a decline of 1.0 percent 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.

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Chinese stainless steel prices were mixed for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly was unchanged.

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The price of Chinese primary nickel saw a 0.5 percent decline. The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row. The price of Chinese 304 stainless coil continues to hover for the fifth day in a row. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat.