LME Nickel 3-Month Price Improves 0.6%, China Stainless Unmoved

On Thursday, February 27, the day’s biggest mover was the nickel 3-month price, which saw a 0.6 percent increase on the LME to $14,320 per metric ton.

Also on the LME, the nickel spot price gained 0.4 percent to finish at $14,280 per metric ton. The Indian nickel cash price saw little movement on Thursday.

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Chinese 304 and 316 stainless steel prices were 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 saw little movement.

The price of Chinese primary nickel flattened following two days of declines.

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