The Indian nickel cash price fell 3.0 percent on March 18, 2013, making it the day’s biggest mover.
On the LME, the nickel spot price inched up 0.7 percent to $17,100 per metric ton. On the LME, the 3-month price of nickel rose 0.7 percent to $17,190 per metric ton.
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 continues hovering in place for the fifth day in a row.
The price of Chinese primary nickel weakened by 1.9 percent.
After a 0.8 percent increase, the price of Chinese 316 stainless coil finished the day up. For the fifth day in a row, the price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap held steady. The price of Chinese 304 stainless steel scrap remained essentially flat.