stainless steel price

On the LME, the 3-month price of nickel fell 3.2 percent to $16,425 per metric ton. On the LME, the spot price of nickel fell 2.9 percent to $16,385 per metric ton. Indian nickel cash price gained 0.7 percent to finish at INR 923 ($16) per kilogram.

Closing at CNY 18,100 ($2,852) per metric ton on May 31, 2012, Chinese 304 stainless steel scrap kept even. The price of Chinese primary nickel declined 1.8 percent to CNY 124,500 ($19,621) per metric ton. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat at CNY 17,600 ($2,778) per metric ton. The price of Chinese 304 stainless coil held steady at CNY 18,100 ($2,852) per metric ton. Chinese 316 stainless coil saw little change in its price on Thursday at CNY 30,400 ($4,791) per metric ton.

The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,308) per metric ton for the fifth day in a row. The price of Chinese ferro-moly held steady at CNY 145,000 ($22,852) per metric ton.

On May 30, 2012, after two changeless days, the price of Chinese 316 stainless coil fell one percent to CNY 30,400 ($4,800) per metric ton. At CNY 126,800 ($20,023), the price of Chinese primary nickel finished the market day up 0.6 percent per metric ton. The price of Chinese 304 stainless coil closed Wednesday at CNY 18,100 ($2,858) per metric ton, halting its two-day flat run with a 0.5 percent decline. Chinese 316 stainless steel scrap stayed flat at around CNY 17,600 ($2,778) per metric ton.

The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,310) per metric ton. The price of Chinese ferro-moly continues hovering around CNY 145,000 ($22,898) per metric ton for the fifth day in a row.

Indian nickel cash price declined 2.2 percent to INR 917 ($16) per kilogram. The 3-month price of nickel closed at $16,960 per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.7 percent on the LME. The nickel spot price saw a 0.6 percent decline on the LME to $16,880 per metric ton.

On May 30, 2012, one of the day’s biggest movers in global stainless steel prices was the price of Chinese 304 stainless steel scrap, which saw a 1.2 percent decline.

The price of Chinese 316 stainless coil dropped by one percent. Chinese 304 stainless coil prices fell 0.5 percent on Wednesday after two days of no change. The price of Chinese 316 stainless steel scrap remained steady at below $2,800 per metric ton.

Meanwhile, stainless raw material inputs were up and down yesterday.

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The price of Chinese primary nickel saw a 0.9 percent drop on May 29, 2012, making it the biggest mover of the day on stainless steel and its raw materials inputs markets.

Chinese ferro-chrome continues hovering around $1,300 per metric ton, while for the fifth consecutive day, the price of Chinese ferro-moly held flat at above $22,900 per metric ton.

Meanwhile, the Chinese stainless steel market looked pretty solid.

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The price of Chinese primary nickel saw a 0.9 percent drop on May 29, 2012, landing at CNY 126,000 ($19,900) per metric ton and making it the biggest mover of the day. Chinese 304 stainless steel scrap held its value yesterday at CNY 18,200 ($2,874) per metric ton. The price of Chinese 316 stainless steel scrap showed little movement yesterday at CNY 17,600 ($2,778) per metric ton. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,200 ($2,874) per metric ton. The price of Chinese 316 stainless coil showed little movement yesterday at CNY 30,700 ($4,848) per metric ton.

The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,310) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese ferro-moly held flat at CNY 145,000 ($22,901) per metric ton.

After a 0.1 percent increase, the 3-month price of nickel finished the day on the LME at $17,075 per metric ton. After dropping for two days, the cash price of primary Indian nickel flattened at INR 938 ($17). The spot price of nickel ended a two-day climb, settling at $16,975 per metric ton on the LME.

The biggest mover over the past seven days on the Stainless MMI® was Chinese 316 stainless steel scrap, which saw a 4.3 percent decline. Chinese 316 stainless coil closed out the week with a 1.3 percent decline. Chinese 304 stainless steel scrap saw a 0.5 percent decline over the past week, while Chinese 304 stainless coil fell 0.5 percent.

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The day’s biggest mover was the cash price of primary Indian nickel which dropped by 0.8 percent on May 28, 2012 to close at INR 938 ($16) per kilogram. On the LME, the nickel spot price rose 0.4 percent to $16,975 per metric ton. After a 0.3 percent increase, the nickel 3-month price finished the day on the LME at $17,050 per metric ton.

Chinese stainless steel prices closed flat for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,310) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,891) per metric ton.

Chinese 316 stainless coil saw little change in its price last Friday at CNY 30,700 ($4,846) per metric ton. The price of Chinese 304 stainless coil remained essentially flat at CNY 18,200 ($2,873) per metric ton. Chinese 316 stainless steel scrap stayed flat at around CNY 17,600 ($2,778) per metric ton. The price of Chinese 304 stainless steel scrap showed little movement last Friday at CNY 18,200 ($2,873) per metric ton. The price of Chinese primary nickel saw little change in its price last Friday at CNY 127,200 ($20,081) per metric ton.

On May 25, 2012, the day’s biggest mover was the price of Chinese 316 stainless coil, which saw a one percent decline to CNY 30,700 ($4,846) per metric ton. After remaining flat for three days, the price of Chinese 304 stainless steel scrap fell 0.5 percent last Friday to CNY 18,200 ($2,873) per metric ton. After three essentially changeless days, the price of Chinese 304 stainless coil dropped 0.5 percent last Friday to CNY 18,200 ($2,873) per metric ton. The price of Chinese primary nickel increased 0.3 percent to CNY 127,200 ($20,080) per metric ton. Chinese 316 stainless steel scrap saw little change in its price last Friday at CNY 17,600 ($2,778) 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 ($1,310) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($22,890) per metric ton.

Indian nickel cash price closed at INR 946 ($17) per kilogram. Following a couple days of improvement, prices fell by 0.6 percent. On the LME, the 3-month price of nickel inched up 0.6 percent to $17,000 per metric ton. After a 0.2 percent increase, the nickel spot price finished the day on the LME at $16,910 per metric ton.

The week’s biggest mover on the Stainless MMI® was Chinese 316 stainless steel scrap, which saw a 4.3 percent decline to CNY 17,600 ($2,778) per metric ton. After a 1.3 percent decline, Chinese 316 stainless coil closed out the week at CNY 30,700 ($4,846) per metric ton. The price of Chinese primary nickel rose 1.1 percent to CNY 127,200 ($20,080) per metric ton after falling 3.7 percent during the previous week. Chinese 304 stainless steel scrap saw a 0.5 percent decline over the past week to CNY 18,200 ($2,873) per metric ton. Chinese 304 stainless coil fell 0.5 percent over the past week to CNY 18,200 ($2,873) per metric ton.

At CNY 8,300 ($1,310) per metric ton, the price of Chinese ferro-chrome did not change since the previous week. Chinese ferro-moly prices held steady from the previous week at CNY 145,000 ($22,890) per metric ton.

Korean 430 stainless steel coil remained essentially flat from the previous week at KRW 2.6 million ($2,215) per metric ton. Closing at KRW 4.2 million ($3,618) per metric ton, Korean 304 stainless coil remained unchanged for the week.

Last week, the cash price of primary Indian nickel shifted slightly, rising by 0.8 percent to close at INR 946 ($17) per kilogram. The 3-month price of nickel rose 0.1 percent on the LME to $17,000 per metric ton after falling 1.4 percent during the previous week. At $16,910 per metric ton, the nickel spot price remained essentially flat on the LME.

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 shift of the day on stainless steel and its raw materials inputs markets, dropping three percent on May 24, 2012. The price of Chinese 316 stainless steel scrap increased 1.7 percent, while holding under $2,900 per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

The price of Chinese 304 stainless coil remained essentially flat below $2,900 per metric ton. Chinese 316 stainless coil held its value on Thursday at below $4,900 per metric ton.

And how did ferro-alloy prices and other nickel prices fare?

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