LME Spot Price of Nickel Rises as China Stainless Market Holds Pat
Metal Recycling News | 2013-05-01 01:32:00
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.
By Paul Ploumis
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
