LME Nickel Spot Price Turns Around After Two-Day Fall

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On April 9, 2013, the day’s biggest mover was the nickel spot price, which saw a 1.3 percent increase on the LME to $16,130 per metric ton. This increase comes after the price fell for the two previous days. Following a two-day drop, the nickel 3-month price increased by 1.1 percent on the LME to $16,180 per metric ton.

today's metal prices - MetalMiner IndXThe Indian nickel cash price weakened by 0.9 percent.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.

The price of Chinese primary nickel rose 0.2 percent.

The prices of Chinese 304 and 316 stainless coil and scrap remained essentially flat on the day.