The Indian nickel cash price saw the biggest decline of the day, dropping 1.4 percent to close on Wednesday, February 5. On the LME, the 3-month price of nickel rose 0.5 percent to $13,945 per metric ton. On the LME, the nickel spot price inched up 0.2 percent to $13,855 per metric ton.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome was unchanged. For the fifth consecutive day, the price of Chinese ferro-moly held flat.
For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat. The price of Chinese 304 stainless coil held steady. 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 saw little movement. The price of Chinese primary nickel held steady.