Spot Price of Nickel Rises

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On Monday, December 23, the nickel spot price experienced the biggest change, rising 1.0 percent on the LME to $14,210 per metric ton. After a 0.8 percent increase, the nickel 3-month price finished the day on the LME at $14,250 per metric ton. The Indian nickel cash price increased 0.1 percent.

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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 held steady.

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