Cash Price of Primary Indian Nickel Drifts Downwards

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On Friday, December 13, the day’s biggest mover was the Indian nickel cash price, which saw a 1.0 percent decline. On the LME, the 3-month price of nickel increased 0.6 percent to $14,080 per metric ton. After a 0.6 percent increase, the nickel spot price finished the day on the LME at $14,000 per metric ton.

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Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly continues to hover for the fifth day in a row.

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The price of Chinese 316 stainless coil held steady. For the fifth consecutive day, the price of Chinese 304 stainless coil held flat. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap remained essentially flat. The price of Chinese primary nickel remained essentially flat.