China Nickel Price Drops, While Indian Nickel on 12-Day Slide

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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.

today's metal prices - MetalMiner IndXThe price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. The price of Chinese ferro-moly was unchanged.

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.