The three-month nickel contract on the London Metal Exchange
ended the official trading session on Wednesday at $16,122 per tonne, down by $135 per tonne from $16,257 per tonne a week earlier.
The most-traded June nickel contract at the Shanghai Futures Exchange closed Wednesday’s trading session at 120,850 yuan ($18,603) per tonne, down by 670 yuan per tonne from 121,520 yuan per tonne a week earlier.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi)
: 14,900-16,000 yuan per tonne, down by 200-300 yuan per tonne.
Trading houses were willing to accept lower prices to generate higher sales volumes and decrease their stainless steel inventories due to...