Global Nickel Prices Gain on Daily Stainless Index

The Indian nickel cash price saw the biggest upwards shift for the day, rising 3.1 percent on Jan. 30, 2013.

On the LME, the spot price of nickel gained 1.1 percent to finish at $17,600 per metric ton. Also on the LME, the 3-month price of nickel increased 0.8 percent to $17,625 per metric ton.

The price of Chinese primary nickel inched up 1.7 percent.

real stainless steel pricing - MetalMiner IndXThe price of Chinese 316 stainless steel scrap fell 0.6 percent on Wednesday after three straight days with no change. For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil showed little movement on Wednesday, and the price of Chinese 304 stainless steel scrap remained steady also.

The price of Chinese ferro-chrome was unchanged. For the fifth consecutive day, the price of Chinese ferro-moly held flat.


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