Cash Price of Primary Indian Nickel Up Again
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,372) per metric ton. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY 145,000 ($23,966) per metric ton.
For the fifth consecutive day, the price of Chinese 316 stainless coil held flat at CNY 26,000 ($4,297) per metric ton. The price of Chinese 304 stainless coil was unchanged at CNY 16,400 ($2,711) per metric ton. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat at CNY 16,100 ($2,661) per metric ton. The price of Chinese 304 stainless steel scrap continues hovering around CNY 16,400 ($2,711) per metric ton for the fifth day in a row. The price of Chinese primary nickel flattened at CNY 93,700 ($15,487) per metric ton after two days of downward movement.