Rising 2.6 percent to close at $17,130 per metric ton, the nickel 3-month price experienced the biggest change on the LME for March 14, 2013. On the LME, the spot price of nickel gained 2.5 percent to finish at $17,060 per metric ton.
The Indian nickel cash price increased 0.1 percent.
Chinese stainless steel prices were mixed for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.
For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat. Chinese 304 stainless coil stayed flat as well. The price of Chinese 316 stainless steel scrap remained steady. The price of Chinese 304 stainless steel scrap showed little movement on Thursday.