nickel price

The price of Chinese primary nickel saw the biggest shift of the day, dropping three percent to close at CNY 126,800 ($20,031) per metric ton on May 24, 2012. The price of Chinese 316 stainless steel scrap increased 1.7 percent to CNY 17,600 ($2,780) per metric ton. At CNY 18,300 ($2,890) per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,300 ($2,890) per metric ton. Chinese 316 stainless coil held its value on Thursday at CNY 31,000 ($4,897) per metric ton.

The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,311) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,906) per metric ton.

On the LME, the nickel 3-month price fell 0.9 percent to $16,900 per metric ton. The spot price of nickel saw a 0.9 percent decline on the LME to $16,875 per metric ton. After a 0.8 percent increase, Indian nickel cash price finished the day at INR 952 ($17) per kilogram.

With a 1.5 percent increase over the past day, the LME nickel spot price was the biggest mover on global stainless steel and raw materials markets, closing at $17,025 per metric ton on May 23, 2012. After a 1.2 percent increase, the 3-month price of nickel finished the day on the LME at $17,055 per metric ton. Indian nickel cash price rose one percent.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome was unchanged, and for the fifth consecutive day, the price of Chinese ferro-moly held flat.

Chinese 316 stainless coil held its value on Wednesday at above $4,900 per metric ton. The price of Chinese 304 stainless coil showed little movement on Wednesday at below $2,900 per metric ton. For the twelfth day in a row, the price of Chinese 316 stainless steel scrap fell and is currently between $2,700 and $2,750 per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat below $2,900 per metric ton.

The price of Chinese primary nickel steadied at above $20,700 per metric ton following two-days of increases.

With a 1.5 percent increase over the past day, the nickel spot price was the biggest mover on the LME, closing at $17,025 per metric ton on May 23, 2012. After a 1.2 percent increase, the 3-month price of nickel finished the day on the LME at $17,055 per metric ton. Indian nickel cash price rose one percent to INR 944 ($17) per kilogram.

Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome was unchanged at CNY 8,300 ($1,314) per metric ton. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 145,000 ($22,957) per metric ton.

Chinese 316 stainless coil held its value on Wednesday at CNY 31,000 ($4,908) per metric ton. The price of Chinese 304 stainless coil showed little movement on Wednesday at CNY 18,300 ($2,897) per metric ton. For the twelfth day in a row, the price of Chinese 316 stainless steel scrap fell and is currently at CNY 17,300 ($2,739) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,300 ($2,897) per metric ton. The price of Chinese primary nickel steadied at CNY 130,750 ($20,701) per metric ton following two-days of increases.

The day’s biggest mover on stainless steel and its raw materials inputs markets broke away from a static phase with a six percent drop on May 22, 2012. After three changeless days, the price of Chinese 316 stainless steel scrap closed between $2,700 and $2,750 per metric ton.

On Tuesday, the price of Chinese primary nickel experienced a large decrease as well, rising 3.8 percent.

Other Chinese stainless prices saw downward movement.

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The day’s biggest mover broke away from a static phase with a six percent drop on May 22, 2012. After three changeless days, the price of Chinese 316 stainless steel scrap closed at CNY 17,300 ($2,736) per metric ton. On Tuesday, the price of Chinese primary nickel experienced a large decrease, rising 3.8 percent to land at CNY 130,750 ($20,682) per metric ton. At CNY 31,000 ($4,903) per metric ton, Chinese 316 stainless coil fell 0.3 percent on Tuesday. Chinese 304 stainless steel scrap saw little change in its price on Tuesday at CNY 18,300 ($2,894) per metric ton. The price of Chinese 304 stainless coil showed little movement on Tuesday at CNY 18,300 ($2,894) per metric ton.

For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,312) per metric ton. The price of Chinese ferro-moly was unchanged at CNY 145,000 ($22,936) per metric ton.

On the LME, the nickel spot price fell 1.9 percent to $16,770 per metric ton. The cash price of primary Indian nickel gained 1.9 percent to finish at INR 934 ($17) per kilogram. On the LME, the nickel 3-month price declined 1.7 percent to $16,855 per metric ton.

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