LME nickel

The cash price of primary Indian nickel saw a 0.9 percent drop on July 11, 2012, making it the biggest mover of the day on our daily stainless steel price index.

The spot price of nickel weakened by 0.4 percent on the LME, settling at $16,175 per metric ton. On the LME, the nickel 3-month price fell 0.3 percent to $16,225 per metric ton.

Chinese stainless steel prices were mixed for the day.

The price of Chinese ferro-chrome remained essentially flat above $1,300 per metric ton, and for the fifth day in a row, the price of Chinese ferro-moly held pat as well. The price of Chinese primary nickel saw a 0.8 percent decline yesterday.

For the fifth consecutive day, the price of Chinese 316 stainless coil held flat below $4,700 per metric ton. The price of Chinese 304 stainless coil showed little movement yesterday, and the price of Chinese 316 stainless steel scrap remained steady.

At below $2,900 per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

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On July 10, 2012, the nickel 3-month price fell by 5.2 percent on the LME, landing at $16,275 per metric ton and making it the day’s biggest mover on our stainless steel price index. The spot price of nickel was off by five percent on the LME on Tuesday, falling from $16,240 to $16,240 per metric ton.

The cash price of primary Indian nickel declined 0.8 percent, and Chinese primary nickel price fell 1.5 percent.

Chinese stainless steel and other raw material input prices closed mixed yesterday.

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Weakening prices changed direction when the nickel 3-month price rose 1.1 percent on July 9, 2012 on the LME to $17,175 per metric ton, making it the biggest mover on MetalMiner’s daily stainless steel and raw materials inputs index.

The spot price of nickel is back up, rising by 1.1 percent on the LME yesterday to close at $17,100 per metric ton, while the cash price of Indian primary nickel fell 0.2 percent.

Other stainless steel inputs saw movement as well.

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The 3-month price of nickel rose 3.4 percent on the LME to $16,980 per metric ton after falling 2.6 percent during the previous week, making it the biggest mover on MetalMiner’s weekly stainless steel and raw material price inputs price index.

The spot price of nickel rose 3.4 percent on the LME to $16,910 per metric ton after falling 2.5 percent during the previous week. The Indian nickel cash price fell 1.7 percent for the week. The price of Chinese primary nickel, however, bucked that trend and rose 0.7 percent to CNY 123,000 ($19,348) per metric ton after falling 0.7 percent during the previous week.

Chinese and Korean stainless steel prices were quiet for the week.

Prices for Chinese 304 stainless steel scrap remained constant, closing the week above $2,800 per metric ton. Closing below $2,700 per metric ton, Chinese 316 stainless steel scrap remained unchanged for the week. Chinese 304 stainless coil traded sideways last week, hovering above $2,800 per metric ton. The week finished with no movement for Chinese 316 stainless coil.

Chinese ferro-chrome remained essentially flat from the previous week, as did Chinese ferro-moly prices.

Korean 430 stainless steel coil prices held steady from the previous week, and prices for Korean 304 stainless coil closed flat at just above $3,700 per metric ton.

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 cash price of primary Indian nickel saw the biggest shift of the day on stainless steel raw materials inputs markets, dropping two percent on July 6, 2012. The nickel spot price weakened by 0.4 percent on the LME, settling at $16,910 per metric ton. On the LME, the nickel 3-month price fell 0.1 percent to $16,980 per metric ton.

The price of Chinese ferro-chrome held steady above $1,300 per metric ton. The price of Chinese ferro-moly continues hovering above $22,800 per metric ton for the fifth day in a row.

Chinese stainless steel prices, meanwhile, closed flat for the day.

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Following two days of increases on the LME, the nickel 3-month price dropped by one percent to end at $17,000 per metric ton on July 5, 2012. The nickel spot price closed at $16,980 per metric ton. Following a couple days of improvement, prices fell by 0.7 percent on the LME.

The Indian nickel cash price finished the day with a 0.4 percent increase.

Meanwhile, Chinese stainless steel and raw material inputs prices were mixed for the day.

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The nickel spot price saw a big lift of 3.2 percent on the LME, finishing at $17,100 per metric ton for July 4, 2012. After a 2.1 percent increase, the nickel 3-month price finished the day on the LME at $17,175 per metric ton. The cash price of primary Indian nickel weakened by 1.1 percent, following a couple days of improvement.

Ferro alloy prices held steady on July 4. The price of Chinese ferrochrome held steady while the price of Chinese ferro-moly saw little movement.

Chinese stainless steel prices were mixed for the day. The price of Chinese primary nickel increased 0.8 percent. The price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil also remained steady.  Chinese 316 stainless steel scrap saw little change in its price on Tuesday. The price of Chinese 304 stainless steel scrap was essentially unchanged.

The week’s biggest mover on the weekly Stainless MMI® was the nickel 3-month price, which saw a 2.6 percent decline on the LME to $16,425 per metric ton. This comes on the heels of a 0.2 percent increase the week before. Following a 0.1 percent increase in the week prior, the nickel spot price fell 2.5 percent on the LME last week to $16,360 per metric ton. The Indian nickel cash price traded sideways last week, hovering at around ($16) per kilogram.

Chinese stainless steel prices were mixed for the week. Following a steady week, prices for Chinese ferrochrome closed as did Chinese ferromoly.

The price of Chinese 316 stainless steel scrap fell 2.3 percent after rising 1.7 percent the week before. Chinese 316 stainless coil saw a 1.6 percent decline over the past week. With a 0.7 percent decrease, the price of Chinese primary nickel closed the week in the $19,200 per metric ton range. Chinese 304 stainless steel scrap prices ticked up 0.6 percent over the past week. Chinese 304 stainless coil saw its price rise 0.6 percent over the past week.

Korean 430 stainless steel coil traded sideways last week and 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.

With a 1.3 percent increase over the past day, the price of Chinese primary nickel was the biggest mover on the daily stainless steel index, closing at $19,200 per metric ton on June 29, 2012. The price of Chinese 316 stainless steel scrap fell 0.6 percent last Friday, after three straight days with no change. On the tail of a three-day flat streak, the price of Chinese 304 stainless coil rose by 0.6 percent. Chinese 304 stainless steel scrap fell 0.6 percent last Friday. The price of Chinese 316 stainless coil held steady.

The price of Chinese ferrochrome saw little movement. For the fifth day in a row, the price of Chinese ferromoly remained essentially flat as well.

Following a 1.3 percent rise last Friday, the nickel 3-month price closed on the LME at $16,425 per metric ton. Following a two-day drop, the spot price of nickel increased by 1.1 percent on the LME to $16,360 per metric ton. The Indian nickel cash price saw a 0.4 percent decline.

The price of Chinese primary nickel experienced the biggest price shift of the day, dropping two percent. Chinese 304 stainless steel scrap stayed flat. The price of Chinese 316 stainless steel scrap also remained essentially flat in the $2,700/per metric ton range. The price of Chinese 304 stainless coil was unchanged trading in the $2,800/per metric ton range. Near the $4700/per metric ton mark, the price of Chinese 316 stainless coil was essentially unchanged.

The price of Chinese ferro-chrome saw little movement staying in the low $1,300/per metric ton rnage. The price of Chinese ferro-moly remained essentially flat.

The nickel 3-month price weakened by 0.5 percent on the LME, settling at $16,315 per metric ton. The spot price of nickel saw a 0.5 percent decline on the LME to $16,250 per metric ton. The Indian nickel cash price fell 0.2 percent.

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