China 304, 316 Stainless Prices Frozen as Nickel Mixed Today

The cash price of primary Indian nickel experienced the biggest price decline of the day, dropping 1.6 percent on Friday, July 26. On the LME, the nickel spot price declined 0.5 percent to $14,045 per metric ton. On the LME, the nickel 3-month price fell 0.3 percent to $14,130 per metric ton.

Chinese stainless steel closed mixed last Friday. The price of Chinese ferro-chrome held steady. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

The price of Chinese primary nickel saw a 0.5 percent decline. The price of Chinese 316 stainless coil was unchanged. The price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap saw little movement. The price of Chinese 304 stainless steel scrap continues hovering in place for the fifth day in a row.