Nickel 3-Month Price Shifts Up 0.2%

The 3-month price of nickel saw a 0.2 percent increase on Feb. 14, 2013, reaching $18,370 per metric ton on the LME and making it the biggest mover for the day. After a couple of days of improving prices on the LME, the spot price of nickel held steady at $18,280.

The Indian nickel cash price finished the market day up 0.1 percent per kilogram.

Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. For the fifth consecutive day, the price of Chinese ferro-moly held flat.

For the fifth day in a row, the prices of Chinese 304 and 316 stainless coil and scrap remained essentially flat.