The cash price of primary Indian nickel saw the biggest increase at 1.3 percent for Nov. 28, 2012. On the LME, the nickel 3-month price declined 0.9 percent, while the spot price of nickel held steady.

Chinese stainless steel closed mixed on Wednesday. The price of Chinese ferro-chrome was unchanged and the price of Chinese ferro-moly saw little movement.

The price of Chinese primary nickel rose 1.1 percent and for the fifth consecutive day, the price of Chinese 316 stainless coil held flat. The price of Chinese 304 stainless coil held steady and the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap also saw little movement.