Primary Indian Nickel Improves; LME Nickel Also Up

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The Indian nickel cash price moved up 1.1 percent on Friday, December 20, making it the day’s biggest mover. On the LME, the 3-month price of nickel rose 0.3 percent to $14,140 per metric ton. At $14,065, the nickel spot price finished the market day on the LME up 0.2 percent per metric ton.

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Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly held steady.

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