Chinese Primary Nickel Price Lower on Daily Stainless Index

On April 1, 2013, the price of Chinese primary nickel fell by 0.8 percent, making it the day’s biggest mover.

For the fifth consecutive day, the prices of Chinese 304 and 316 stainless steel coil and scrap held flat.

The price of Chinese ferro-chrome remained essentially flat as well. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

The cash price of primary Indian nickel saw little change in its price yesterday.

The 3-month price of nickel flattened at $16,695 following two-days of declines on the LME. Following two days of downward movement, the nickel spot price held steady at $16,535 per metric ton on the LME.