Indian, LME Nickel Prices Increase as Stainless Complex Relaxes

The nickel 3-month price increased 0.1 percent on the LME to close at $18,315 per metric ton on Feb. 12, 2013. At $18,250, the nickel spot price finished the market day on the LME up 0.2 percent per metric ton.

The Indian nickel cash price inched up 0.8 percent. The price of Chinese primary nickel saw little price change yesterday.

Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome was unchanged. The price of Chinese ferro-moly saw little movement.

The prices of Chinese 304 and 316 stainless coil and scrap saw essentially no change for yet another day.