The three-month nickel contract on the London Metal Exchange
ended the official session on Wednesday January 6 at $17,828 per tonne, up by $990 per tonne from $16,838 per tonne a week earlier.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi):
14,300-15,100 yuan ($2,213-2,337) per tonne, up by 200 yuan per tonne from a week earlier
A trader in Wuxi said that his customers had cut their procurement rates this week.
Buyers expect stainless steel prices to drop on weaker demand.
But a few other market participants...