Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Nickel Prices Move, Stainless Steel, Ferroalloys Flat On Weekly Index

Published 07/08/2013, 04:20 AM
Updated 07/09/2023, 06:31 AM

The spot price of nickel rose 0.6 percent on the LME to $13,685 per metric ton after falling 0.9 percent the previous week. The nickel 3-month price rose 0.4 percent on the LME to $13,775 per metric ton after falling 0.6 percent during the previous week.

The cash price of primary Indian nickel stayed essentially flat.

A 0.2 percent gain landed the price of Chinese primary nickel lower on the week. Chinese 304 stainless steel scrap prices held steady from the previous week. Chinese 316 stainless steel scrap remained unchanged for the week. Chinese 304 stainless coil traded sideways last week also. The price of Chinese 316 stainless coil has not changed since the previous week.

Following a steady week, prices for Chinese ferro-chrome closed flat. Prices for Chinese ferro-moly remained constant.

The week finished with no movement for Korean 430 stainless steel coil. Korean 304 stainless coil remained essentially flat from the previous week.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.