At $18,660 per metric ton, the 3-month price of LME nickel moved up 1.2 percent on Feb. 5, 2013, making it the day’s biggest mover. The nickel spot price on the LME has been on the rise for 7 days and is now at $18,580 per metric ton.
The Indian nickel cash price has been on the rise for 10 days.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome saw little movement. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel showed little movement as well yesterday.
The price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil showed little movement on Tuesday. The price of Chinese 316 stainless steel scrap was essentially unchanged. The price of Chinese 304 stainless steel scrap remained steady.