Yesterday there are rise and drop in western stock market, and American stock market went up, pulled by raw material stock, but the raises are small under the influence of European debt situation. At the same time, the latest U.S. retail sales standard announced yesterday shows that U.S. retail sales increased 0.1% that week (before June5th). European stock market are not good, especially British stock market, which dropped because of the financial deficit.

The statistic announced earlier shows that domestic real estate policy began to show its effect, and the house price in tier-one city began to loose. The import and export data in May which will be announced soon draw a lot of attention, and it’s expected that metal import will slightly drop.

The closing offer is 18470USD/ton in London nickel forward market yesterday, influenced by Euro exchange rate, which was 270USD higher than the day before yesterday. Domestic nickel forward price was 150000yuan/ton yesterday. Domestic spot nickel price will slightly move up, influenced by foreign market rebound.