Daily India Nickel Price Pulls an About Face

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The cash price of primary Indian nickel fell 0.8 percent on Feb. 6, 2013, making it the day’s biggest mover on MetalMiner’s stainless price index.

The nickel 3-month price saw a 0.2 percent decline on the LME to $18,625 per metric ton. Also on the LME, the nickel spot price fell 0.1 percent to $18,560 per metric ton.

today's metal prices - MetalMiner IndXMeanwhile, the price of Chinese primary nickel declined 0.3 percent.

Chinese stainless steel closed mixed on Wednesday. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly remained essentially flat as well.

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