Cash Price of Primary Indian Nickel Sees Small Jump

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On Monday, February 10, the Indian nickel cash price experienced the biggest change, rising 2.6 percent. Following a 2.1 percent rise on Monday, the nickel spot price closed on the LME at $14,100 per metric ton. The nickel 3-month price is back up, rising by 1.8 percent on the LME yesterday to close at $14,135 per metric ton.

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Chinese stainless steel prices closed flat for the day. The 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.

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The price of Chinese 316 stainless coil held steady. For the fifth consecutive day, the price of Chinese 304 stainless coil held flat. For the fifth day in a row, the price of Chinese 316 stainless steel scrap remained essentially flat. The price of Chinese 304 stainless steel scrap remained essentially flat. The price of Chinese primary nickel continues to hover for the fifth day in a row.