[Ferro-Alloys.com]Disappinted by the China’s Q3 GDP growth of 6.9 percent, London Metal Exchange's nickel price reduced a little compared to that last week, fluctuated around 10300 dollars per tone as a whole. What’s more? European Central Bank’s insinuation to further pursue loose monetary policy, combined with American ultra-expected existing home sales in September, as a result, the greenback surged during the last seven days.

When it comes to Shanghai nickel market, the Jinchuan nickel spot traded 100yuan/ton less than Wuxi nickel spot. And Russian nickel spot traded 500yuan/ton less than Wuxi nickel spot. Traders strove to clear their stockpiles and the downstream rejected to purchase. Recently, Jinchuan nickel chunk quoted at 77800yuan per tone and barreled nickel piece quoted at 79000yuan per tone. The Shanghai nickel shed approximately 1050yuan per tone during the past seven days, mainly affected by China’s macro economic uncertainties and global financial turbulence.

• [Editor:Juan]