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[www.ferro-alloys.com] Nickel price rebounded a little last week, but its stock tracked by LME still stayed at the high level which means that the nickel market still need time to recover.

LME nickel closed at 8550/t and its stock tracked at 433674t on Monday; LME nickel closed at 8580/t and its stock tracked at 452742t on Tuesday; LME nickel closed at 8550/t and its stock tracked at 450978t on Wednesday; LME nickel closed at 8745/t and its stock tracked at 450768t on Thursday;

In China, the National Statistics Bureau announced that the country’s annual gross domestic production in last year was 6.9%, the first time lower than 7.0% since 1990. It’s anticipated that the 2016’s gross domestic production was tend to decrease to 6.7%. However, Chinese government has taken practical measures to stimulate its economy both in supply and demand aspect, which was expected to be hopeful and optimistic.

• [Editor:Juan]