LME nickel

Following a three-day flat streak, the price of Chinese 316 stainless steel scrap climbed by 1.2 percent on Sept. 19, 2012.

The prices of Chinese 304 stainless steel scrap, 304 stainless coil and 316 stainless coil all held steady on the day.

The price of Chinese ferro-chrome continues to hover steadily for the fifth day in a row. The price of Chinese ferro-moly remained essentially flat, and the price of Chinese primary nickel saw little movement yesterday.

After improving for two days, the nickel 3-month price declined 1 percent on the LME to $17,835 per metric ton. Weakening prices followed two days of improvement as the nickel spot price dropped 0.9 percent on the LME to $17,795 per metric ton.

The Indian nickel cash price declined 0.1 percent.

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The 3-month price of nickel saw the biggest increase on our daily stainless price index, up 2.6 percent on the LME, finishing at $18,015 per metric ton for Sept. 18, 2012. Also on the LME, the nickel spot price inched up 2.5 percent to $17,950 per metric ton.

Following a couple days of improvement, the Indian nickel cash price weakened by 0.4 percent. Following two days of rising prices, the price of Chinese primary nickel dropped 0.2 percent

Chinese stainless steel closed flat on Tuesday.

The prices of Chinese 316 stainless coil, 316 stainless steel scrap, and 304 stainless steel scrap all held steady.

The price of Chinese ferro-chrome was unchanged, north of $1,300 per metric ton. The price of Chinese ferro-moly continues hovering above $22,900 per metric ton for the fifth day in a row.

At $17,520 per metric ton, the LME nickel spot price moved up 5.1 percent on Sept. 17, 2012, making it the day’s biggest mover on MetalMiner’s stainless price index.

At $17,550, the nickel 3-month price finished the market day on the LME up 4.9 percent. Meanwhile, the Indian nickel cash price rose 1 percent and the price of Chinese primary nickel jumped 3 percent.

Chinese stainless steel closed mixed yesterday.

For the fifth consecutive day, the price of Chinese 316 stainless coil held flat below $4,500 per metric ton. The price of Chinese 304 stainless coil saw essentially no change for the fifth day in a row, remaining in the mid-$2,800s per metric ton.

Chinese 316 stainless steel scrap saw little change in its price on Monday, and the price of Chinese 304 stainless steel scrap continues to hover north of $2,800 per metric ton for the fifth day in a row.

The price of Chinese ferro-chrome is still staying above $1,300 per metric ton, and the price of Chinese ferro-moly remained essentially flat, not being able to break $23,000 per metric ton.

The week’s biggest mover on the weekly Stainless MMI® was the price of Chinese primary nickel, which saw a 7.2 percent increase. This comes on the heels of a 0.7 percent decline the week prior.

Closing out the third week of rising prices, the cash price of primary Indian nickel increased by 6.9 percent. The spot price of nickel rose 3.6 percent on the LME to $16,675 per metric ton after falling 1 percent during the previous week. The LME nickel 3-month price increased 3.6 percent to $16,725 per metric ton after falling 1.3 percent the week before.

Chinese 304 stainless steel scrap prices ticked up 1.7 percent over the past week; Chinese 304 stainless coil also rose by a slight 1.7 percent. Chinese 316 stainless steel scrap saw a 0.6 percent decline over the past week, and the price of Chinese 316 stainless coil rose 0.4 percent after falling 0.7 percent during the previous week.

At above $1,300 per metric ton, the price of Chinese ferro-chrome did not change since the previous week. Chinese ferro-moly remained essentially flat from the previous week, holding north of $22,900 per metric ton.

Prices for Korean 430 stainless steel coil remained constant. At above $3,700 per metric ton, the week finished with no movement for Korean 304 stainless coil.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The price of Chinese primary nickel saw the biggest increase on MetalMiner’s stainless price index at 3.7 percent for Sept. 14, 2012.

The price of Chinese 304 stainless steel scrap remained steady above $2,800 per metric ton. Above $2,600 per metric ton, the price of Chinese 316 stainless steel scrap was essentially unchanged. The price of Chinese 304 stainless coil remained essentially flat above $2,800 per metric ton. The price of Chinese 316 stainless coil held steady close to $4,500 per metric ton.

The price of Chinese ferro-chrome remained essentially flat above $1,300 per metric ton. The price of Chinese ferro-moly was unchanged as well.

Friday closed the cash price of primary Indian nickel with a 3.7 percent increase. Following a couple days of improvement, the 3-month price of nickel weakened by 0.9 percent on the LME. Prices closed at $16,725 per metric ton. The spot price of LME nickel changed direction with a 0.9 percent drop. After two days of improving prices, the metal finished at $16,675 per metric ton.

On Sept. 13, 2012, the 3-month price of nickel experienced the biggest change on the daily stainless price index, rising 1.3 percent on the LME to $16,875 per metric ton. On the LME, the spot price of nickel rose 1.2 percent to $16,820 per metric ton.

Following a couple days of improvement, the cash price of primary Indian nickel weakened by 0.5 percent.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome ticked up a few dollars per metric ton, while the price of Chinese ferro-moly held above $22,900 per metric ton. The price of Chinese primary nickel inched up 0.4 percent.

The price of Chinese 316 stainless coil remained essentially flat below $4,500 per metric ton. Chinese 304 stainless coil stayed flat above $2,800 per metric ton.

Sitting north of $2,600 per metric ton, the price of Chinese 316 stainless steel scrap was essentially unchanged. Chinese 304 stainless steel scrap saw little change in its price on Thursday as well.

The Indian nickel cash price saw the biggest upwards shift for the day on our stainless index, rising 0.7 percent on Sept. 12, 2012.

On the LME, the spot price of nickel rose 0.6 percent to $16,620 per metric ton. At $16,665, the LME nickel 3-month price finished the market day up 0.5 percent per metric ton.

Chinese stainless steel closed mixed yesterday.

Wednesday saw the price of Chinese 316 stainless steel scrap drift down 0.6 percent. Chinese 316 stainless coil stayed flat at below $4,500 per metric ton. The price of Chinese 304 stainless coil held steady, and the price of Chinese 304 stainless steel scrap showed little movement yesterday, holding north of $2,800 per metric ton.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining above $1,300 per metric ton. The price of Chinese ferro-moly held steady below $22,900 per metric ton. The price of Chinese primary nickel gained 0.2 percent.

On Sept. 11, 2012, the day’s biggest mover on our stainless price index was the spot price of nickel, which saw a 2.3 percent increase on the LME to $16,520 per metric ton. After a 2 percent increase, the nickel 3-month price finished the day on the LME at $16,575 per metric ton.

The cash price of primary Indian nickel increased 0.9 percent.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, while the price of Chinese ferro-moly held steady below $22,900 per metric ton. The price of Chinese primary nickel saw a 0.2 percent decline.

Chinese 316 stainless coil stayed flat below $4,500 per metric ton. The price of Chinese 304 stainless coil remained essentially flat above $2,800 per metric ton.

For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat above $2,600 per metric ton. At above $2,800 per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

The week’s biggest mover on the weekly Stainless MMI® was the cash price of primary Indian nickel, which saw a 1.4 percent increase. This comes on the heels of a 2.8 percent decline the week prior.

Following a 1 percent increase in the week prior, the 3-month price of nickel fell 1.3 percent on the LME last week to $16,150 per metric ton. The spot price of nickel fell 1 percent on the LME to $16,100 per metric ton after rising 0.9 percent the week before.

Chinese stainless steel prices were mixed for the week.

In raw materials and inputs, holding north of $1,300 per metric ton, the price of Chinese ferro-chrome did not change since the previous week. Prices for Chinese ferro-moly remained constant, closing the week below $22,900 per metric ton. Following a 0.3 percent increase in the week prior, the price of Chinese primary nickel fell 0.7 percent last week.

Chinese 316 stainless coil saw a 0.7 percent decline over the past week. Closing below $2,800 per metric ton, Chinese 304 stainless steel scrap remained unchanged for the week. Chinese 316 stainless steel scrap traded sideways last week, hovering above $2,600 per metric ton. The week finished with no movement for Chinese 304 stainless coil.

Korean 430 stainless steel coil prices and 304 stainless coil prices each closed flat.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

With a 1.7 percent increase over the past day, the spot price of LME nickel was the biggest mover on MetalMiner’s stainless price index, closing at $16,100 per metric ton on Sept. 7, 2012. Following a 1.7 percent rise last Friday, the 3-month price of nickel closed on the LME at $16,150 per metric ton.

The Indian nickel cash price fell 0.5 percent.

Chinese stainless steel prices were mixed for the day.

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