LME, Chinese Primary Nickel Prices Drop, Stainless Flat

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The price of Chinese primary nickel experienced the biggest price decline of the day, dropping 0.9 percent on March 29, 2013.

The price of Chinese 304 stainless steel scrap was unchanged. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless coil remained essentially flat as well. The price of Chinese 316 stainless coil held steady.

today's metal prices - MetalMiner IndXThe price of Chinese ferro-chrome saw little movement. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row.

On the LME, the spot price of nickel declined 0.8 percent to $16,535 per metric ton. On the LME, the 3-month price of nickel fell 0.1 percent to $16,695 per metric ton.

The Indian nickel cash price flattened after two days of downward movement.