On March 28, 2013, the day’s biggest mover was the 3-month price of nickel, which saw a 1.8 percent decline on the LME to $16,720 per metric ton.
The nickel spot price closed at $16,665 per metric ton. Following a couple days of improvement, prices fell by 1.7 percent on the LME.
Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome was unchanged. The price of Chinese ferro-moly continues hovering in the same spot for the fifth day in a row.
The price of Chinese primary nickel fell 0.2 percent. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat. The price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row. The price of Chinese 304 stainless steel scrap held steady.