Primary Indian Nickel Improves; LME Nickel Spot Rises

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The Indian nickel cash price moved up 1.1 percent on Wednesday, February 19, making it the day’s biggest mover. On the LME, the nickel spot price rose 0.5 percent to $14,400 per metric ton. On the LME, the 3-month price of nickel gained 0.4 percent to finish at $14,450 per metric ton.

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Chinese stainless steel prices closed flat for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat. The price of Chinese ferro-moly held steady.

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The price of Chinese 316 stainless coil continues to hover for the fifth day in a row. The price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese 304 stainless steel scrap remained essentially flat. The price of Chinese primary nickel held steady.