[Ferro-Alloys.com] Nickel price fluctuated sharply when short sellers shorted nickel stocks. In November 23, London nickel price closed at 8205 dollars, a decrease of 5.25 percent. In November 24, London nickel price closed at 8790 dollars, an increase of 7.13 percent. Although the short trend hit the nickel market and nickel investors, the nickel stock is digested quickly and the nickel production predict has been cut. While the nickel price seriously lowered than production cost, we’d like to believe that the future will be hopeful.

In America, family’s income almost came into banks without too much increase in consumption in October, which suggested that America’s economy is recovering moderately. In America, claims numbers in last week reduced to some 260000 people, which suggested that American labor market is strong enough to support interest rate in near future. In Syria, a Russian warplane S-24 has been crashed in the border between Syria and Turkey when raided by the latter’s F-16 fighter, after which Europe and America’s stocks went down and base metals price went up.

• [Editor:Juan]