U.S. stock price went up slightly, pulled by consumption goods stocks, but influenced by the drop of bulk goods price, European stock market went down slightly. Both of them are caused by European debt crisis, because investors turn to gold to hedge, which made the metal price drop significantly, and further influenced mineral stocks.

Domestic market dropped significantly yesterday (over 5%), and most stocks were sold. At the same time, market participants are worrying seriously that central bank will cancel accommodative monetary policy, which will further influence the confidence of investors.

London nickel forward market dropped 85US dollars yesterday, and closed at 20700US dollars. At the same time, domestic market spot nickel price fell below 170000yuan RMB yesterday, and nickel market will endure the pressure from market recently.