[Ferro-Alloys.com] This week Indian nickel price saw a two percent increase. This comes on the heels of a 2.4 percent decline the week prior.

 

The nickel spot price declined to USD15,185 per metric ton after drifting 1.7 percent since last week. Since last week, the price of the 3-month price of nickel fell to USD15,255 per metric ton after moving 1.6 percent.

 

Chinese stainless steel prices were mixed for the week. Prices for Chinese ferro-chrome remained constant, closing the week above USD1,300 per metric ton. The week finished with no movement for Chinese ferro-moly.

 

The price of Chinese 304 stainless steel scrap finished the week down 1.1 percent. The price of Chinese 304 stainless coil dropped 1.1 percent this week as well, closing out the third consecutive week of falling prices. Chinese 316 stainless coil prices were off slightly, down by about USD25 per metric ton from a week ago.This past week, the price of Chinese primary nickel kept quiet, holding below USD18,000 per metric ton. Chinese 316 stainless steel scrap remained unchanged for the week.