The Jinchuan nickel spot market at Shanghai to Wuxi dominate contract was at Yuan 1601/ton with premium of Yuan 400, Russia spot market to Wuxi dominate contract was at Yuan 1601/ton with discount of Yuan 400. The future goods of nickel was back from high. The offers from traders were uniformed with less intention of dropping price. The news of output cut of 200 series stainless steel was announced in the afternoon, which stablized the sentiment of the market. Traders were more reluctant to sell out. Few traders were selling goods for cash at the end of the year, and hesitation dominated the downstream market. The game between long and short position was intensified which the expectation was weak for nickel. The Shanghai expectation for future nickel was at Yuan 68500-71000/ton.