Chinese Primary Nickel Finishes 30-Day Low

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Rising 0.2 percent to close, the price of Chinese primary nickel experienced the biggest change for Tuesday, December 3. The price of Chinese 304 stainless steel scrap saw essentially no change for the fifth day in a row. The price of Chinese 316 stainless steel scrap continues to hover for the fifth day in a row. For the fifth consecutive day, the price of Chinese 304 stainless coil held flat. The price of Chinese 316 stainless coil held steady.

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The price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly saw little movement.

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Following a couple days of improvement, the Indian nickel cash price weakened by 0.2 percent. On the LME, the spot price of nickel fell 0.2 percent to $13,385 per metric ton. The 3-month price of nickel weakened by 0.2 percent on the LME, settling at $13,450 per metric ton.