NEW YORK Nickel
and nickel alloy scrap prices have increased this month on the
strength of rising nickel, copper and chrome prices, according
to scrap dealers.
scrap dealer buying prices rose by 5 to 10 cents per pound
across the board for nickel and nickel-copper alloy (Monel)
clips, solids, turnings and castings, while nickel-chrome-iron
alloy (Inconel) solids rose by 10 to 20 cents per pound.
improving nickel, copper and chrome prices for the higher
buying prices despite a slowdown in business as the calendar
year comes to a close.
"Theres not much
happening because of the end of the year," one dealer source
said. "I see an uptick in demand in January, but Im not
sure where the pricing is going to be."
"Prices have firmed a
little bit," a second dealer source said, citing rising
optimism toward nickel in the global market this week.
"Obviously, if demand is lower the price reflects that. But I
can move stuff right now."