On March 21, 2013, the day’s biggest mover was the price of Chinese primary nickel, which saw a 1.4 percent increase. This increase comes after the price fell for the two previous days.
The price of Chinese 304 stainless steel scrap held steady. The price of Chinese 316 stainless steel scrap saw little movement. The price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless coil remained steady.
On the LME, the nickel 3-month price rose 0.8 percent to $16,795 per metric ton. On the LME, the nickel spot price rose 0.7 percent to $16,720 per metric ton. The cash price of primary Indian nickel gained 0.6 percent to finish at INR 914.50 ($16.82) per kilogram.