The Indian nickel cash price closed as the biggest mover for Friday, February 7. Switching from a downward trend, the metal closed following a 0.6 percent increase. The nickel spot price saw a 0.1 percent decline on the LME to $13,815 per metric ton. The nickel 3-month price weakened by 0.1 percent on the LME, settling at $13,880 per metric ton.
Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome was unchanged. The price of Chinese ferro-moly held steady.
For the fifth consecutive day, the price of Chinese 316 stainless coil held flat. The price of Chinese 304 stainless coil saw essentially no change for the fifth day in a row. The price of Chinese 316 stainless steel scrap continues to hover for the fifth day in a row. The price of Chinese 304 stainless steel scrap saw little movement. For the fifth consecutive day, the price of Chinese primary nickel held flat.