Chinese Primary Nickel Price Rises, Stainless Prices Flat

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The price of Chinese primary nickel saw the biggest increase at 1.1 percent for March 15, 2013.

today's metal prices - MetalMiner IndXThe price of Chinese 304 stainless steel scrap held steady. Chinese 316 stainless steel scrap saw little change in its price last Friday. Chinese 304 stainless coil held its value last Friday. For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat.

The price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly continues hovering in place for the fifth day in a row.

On the LME, the nickel spot price declined 0.5 percent to $16,980 per metric ton. The 3-month price of nickel weakened by 0.3 percent on the LME, settling at $17,075 per metric ton.

The cash price of primary Indian nickel gained 0.2 percent.