LME Spot Price of Nickel Rises as China Stainless Market Holds Pat

London (Scrap Monster) : With a 1.0 percent increase over the past day, the spot price of nickel was the biggest mover on the LME, closing at $15,280 per metric ton on Monday, April 29. On the LME, the 3-month price of nickel rose 0.8 percent to $15,350 per metric ton.

The cash price of primary Indian nickel saw little price change yesterday.

Chinese stainless steel prices closed flat for the day.The price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

For the fifth consecutive day, the prices of Chinese 304 and 316 stainless coil and scrap did not move.

Courtesy : metalbulletin.com