[Ferro-Alloys.com] Nickel price fell to below 10,000 dollars again affected by weak commodity environment, which means that the nickel fundamentals didn’t really improve. Combined with previous conditions and activities, I think that the nickel price may maintain its sluggish performance until 2016. Along with the nickel stockpiles increasing to 428,088 tones in November 5, we can see that the shadow inventory of nickel is expanding faster than before.

The China Statistics Bureau’s release showed that China manufacturing PMI is 49.8, the second-lowest this year, failed to reach the expected goal of 50.0. Facing the decreasing pressure of gross domestic product, Chinese manufacturing export & import condition remains tough and grim. Since small enterprises become harder and harder to finance, the downturn trend has hit the service industry. In America, the labor market’s growth slow down slightly but export surged, which means that the job market is still improving steadily.

• [Editor:Juan]