[Ferro-Alloys.com]After experiencing a crazy tide of short sells, nickel market tends to be stabilized in the near term. In November 30th, LME nickel delivered in three months closed at 8855 dollars per tone with opening stock at 408360 tones; In December 1st, nickel price closed at 8975 dollars with opening stock at 405234 tones; In December 2nd, nickel price closed at 8905 dollars with opening stock at 403230 tones; In December 3rd, nickel was traded at 8820 dollars with opening stock at 400992 tones; and on Friday, nickel price was about 8985 dollars per tone, and the point is that its opening stock shrunk to a new milestone at 396672 tons. Overall nickel price increased 130 dollars this week and its opening stock decreased 11688 tones which is upbeat news for the industry.

Fed’s president Yellen reclaimed on Thursday that American labor market is still expected to be enhanced which would map out a way to buoy financial inflation, we will consider and discuss  the economic data overall before next FOMC decision, and stated that interest rate delay may cause uncertainties or turbulence to austerity circle and surplus inflation. Crude oil and import’s negative influence on inflation would degrade in 2016 and it would increase to 2 percent in several years.

According to EU Bureau of Statistics, Euro zone’s PMI in November reported at 52.8 higher than expected, which hit a historical high since April 2014. Euro zone’s unemployment rate reported at 10.7 percent slightly lower than 10.8 percent in September, hitting a 4-year low. Meanwhile, Euro zone’s CPI increased 0.1 percent year over year less than 0.2 percent as expected. The ECB aimed at receiving an inflation rate at 2 percent around and current level can’t meet the required one temperately.

• [Editor:Juan]