Chinese Primary Nickel Prices Hit 30-Day Low on Daily Index

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On Monday, July 8, the day’s biggest mover was the price of Chinese primary nickel, which saw a 2.5 percent decline.

The prices of Chinese 304 and 316 stainless steel scrap and coil saw essentially no change for the fifth day in a row.

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The price of Chinese ferro-chrome held steady. The price of Chinese ferro-moly remained essentially flat.

On the LME, the 3-month price of nickel declined 1.3 percent to $13,600 per metric ton. The spot price of nickel reached a 30-day low on the LME after decreasing 1.2 percent to $13,525 per metric ton.

The cash price of primary Indian nickel held steady on Monday.