Spot Price of Nickel Shifts Up 0.6% on Stainless Index

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On Jan. 18, 2013, the spot price of nickel experienced the biggest change on our daily stainless index, rising 0.6 percent on the LME to $17,380 per metric ton.

Also on the LME, the 3-month price of nickel rose 0.5 percent to $17,460 per metric ton.

real stainless steel pricing - MetalMiner IndXThe Indian nickel cash price finished the market day up 0.5 percent per kilogram. The price of Chinese primary nickel gained 0.4 percent.

For the fifth day in a row, the price of Chinese ferro-chrome remained essentially flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

The prices of Chinese 304 and 316 stainless coil and scrap remained steady on the day.

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