In Shanghai 10 31, Oct. Nickel rose 550 received 12,400 U.S. dollars, settlement price of 11 305, Volume 19810, position 86760, stocks 57,480 by 150. Income 12 100 200 Nickel up inside. Last Friday, the global stock markets plunged again, the Japanese stock market plunged 5%, Japanese stocks decline in October total up to 24%, record the largest decline; Hang Seng Index closed down 2.5%, while expanding their monthly decline to 22% for the year the largest monthly decline since; Europe in three major stock markets last Friday dropped more than 1% of the plate most of the European Stoxx 600 index in October fell 16% in total, for the biggest decline since the 1987 stock market crash; cumulative decline in the Dow in October was about 15%. Last Friday, most of the basic metals continued to fall, nickel market closed slightly higher. Mainly financial market turmoil has continued, the real economy vulnerable to growing deeper, though nickel prices are stabilized, but the mill did not resume production. (See details on the Nickel “11 3 yen Tang stainless steel mesh LME Nickel assessment”)

After last week’s continuous rise in nickel price opened today still closed up 550 U.S. dollars, by the impact of nickel prices, today Shanghai Stainless steel Market remained stable, there is no significant price volatility. Starting from October 29, the mainstream market, has raised the price of steel, many people speculate, Stainless steel Market will say goodbye to winter and welcome breath of spring. However, the actual turnover of view, and not imagined so beautiful, “there is no market price” is a typical example of these two days, October is over, the so-called “gold 9 silver 10” sales season also does not appear, I believe that the recent market will see an empty main. Mainstream material specific offer as follows:

Cold areas: 304: TISCO coil 2.0mm mainstream quoted at 18,200 yuan / ton, with the specifications of new and Zhang Bao Pu’s offer was 18,800 yuan / ton. TISCO plate 3mm offer 17,500 yuan / ton; with the specifications quoted at 17,800 yuan Zhang Pu / ton.

201: L1 coil 2.0mm Lianzhong offer in the 12,800 yuan / ton; flat at 11,500 yuan 2.0mm Price / ton.

Hot areas: 304: Taiyuan Iron and mainstream flat-panel 4-5mm quoted at 16500 yuan / ton; Steel offer the same size as the 16.5 thousand yuan / ton.

201 OurGame 3mm thick 1500mm wide coil major quoted at 13,500 yuan / ton.

Wuxi Nickel prices edged up last weekend, today’s mainstream prices opened steady, TISCO 304 offer remained in the 18,200 yuan / ton. Current mainstream Zhang Bao Pu new mainstream price rose 18,800 yuan / ton, traders generally reflects the current limited resources and hope to hold the current price, while waiting for more good news there. L1 price of 12,800 yuan Lianzhong / tons. LH quotes are basically in the 12,600 yuan / ton. 400 series has been rather low-key, main coil base price 430/2B TISCO reported 10,400 yuan / ton. Market news, the market will be around 10, and Pu Zhang Lianzhong additional resources, new resources this week to treasure arrived in the main. Price of the November site continue to focus on the latest news, please Yuan Tang net.

Cold concrete offer as follows: 304: TISCO coil 2.0mm Price in 18200 yuan / ton, Po offer new 2.0mm coil in the 18,800 yuan / ton; Zhang Pu coil 2.0mm Price in 18800 yuan / ton.

304J1: Zhang Pu coil 2.0mm Price in 16800 yuan / ton, TISCO days tube coil 2.0mm Price in 17000 yuan / ton;

304 TISCO flat 3mm offer 17,500 yuan / ton; offer the same size in the 17,800 yuan Zhang Pu / ton.