American stock markets fell across the board, dragged by financial stocks, mainly because the government took over a Spanish bank, so fears and worries about euro zone's financial system appear once again. U.S. home sales data and a temporary rebound in the euro trend boosted the price of base metals and precious metals. 

Recently, a Chinese official said we should be particularly cautious in the introduction of new financial austerity policy, making investors significantly reduced their expect  for interest rates to grow, while other departments such as Development and Reform Commission yesterday released the notice of national electricity price inspection, which are likely to make high energy costs further increase.

Nickel future market in London closed at 21,595 U.S. dollars / ton yesterday, 850 U.S. dollars higher than the day before yesterday, which is 4%. Domestic spot price was 169,000 yuan/ton yesterday. Influenced by higher international prices, domestic spot price will have go up today, but recently the news that the price will drop come out frequently, which will affect metal prices.