On Feb. 26, 2013, the day’s biggest mover was the price of Chinese primary nickel, which saw a 1.6 percent decline.
The price of Chinese 304 stainless steel scrap flattened following two days of declines. The price of Chinese 316 stainless steel scrap remained steady. After a couple of days of decreasing prices, the price of Chinese 304 stainless coil held steady also. Chinese 316 stainless coil held its value yesterday as well.
The Indian nickel cash price has been on the decline for 12 days.
The nickel 3-month price saw a 0.3 percent decline on the LME to $16,800 per metric ton. The nickel spot price on the LME has been on the decline for 11 days and is now at $16,705 per metric ton.