Nickel Seeing Widespread Price Declines

MetalMiner reported that Chinese primary nickel declined 4 percent after increasing by 1 percent the previous week. It has also seen declines on the LME and in India.

As quoted in the market news:

The nickel 3-month price fell 2.5 percent on the LME over the past week to $14,845 per metric ton. This was the third week in a row of declining prices. The nickel spot price fell 2.4 percent on the LME over the past week to $14,765 per metric ton. This was the third week in a row of declining prices. Following a 0.8 percent increase in the week prior, the Indian nickel cash price fell 1.6 percent last week.

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