Spot Price of Nickel Shifts Up 0.6% on Stainless Index

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.

The 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.