The Indian nickel cash price saw a 0.9 percent increase on March 20, 2013, making it the biggest mover for the day.
After a 0.3 percent increase, the spot price of nickel finished the day on the LME at $16,605 per metric ton. At $16,655, the nickel 3-month price finished the market day on the LME up 0.2 percent per metric ton.
Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome continues hovering in the same spot for the fifth day in a row. The price of Chinese ferro-moly was unchanged.
Chinese 316 stainless coil held its value yesterday. Chinese 304 stainless coil stayed flat. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat. The price of Chinese 304 stainless steel scrap showed little movement on Wednesday.