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[www.ferro-alloys.com]The first transaction in Asian LME nickel market started with $10070/T yesterday, with that LME nickel prices stand on the gate of a thousand dollars, running and vibrating around the daily line.

[www.ferro-alloys.com] There are a slightly change for ferronickel price this week. Medium and high ferronickel price has increased RMB 10, and low ferronickel price is down RMB 50.

www.ferro-alloys.com] The nickel ore price maintains a stable trend this week. Fe1.5% CIF was quoted at $ 32-33 and RMB 240-250/MT, which there are not change for.

US non-farm employment data in June will be released today. Base metals, crude oil and precious metals closed with losses overnight, meaning mounting short momentum. Base metals may extend losses today.

[www.ferro-alloys.com]The ferronickel price maintains a stable trend this week. Under the influence of brexit, the atmosphere to price-rising in domestic ferronickel marketing is intensive.

Base metal market should continue diverging trend on Wednesday with eyes on US API and EIA reports and US annualized PCE core price index.

[www.ferro-alloys.com] The nickel ore price maintains a stable trend this week. The manufactures said that the transaction price of Ni1.5%CIF is $29.5/MT in Tianjin port.

Market will eye Germany June IFO index and University of Michigan’s consumer confidence index today. Result of UK referendum, due for release in the afternoon, will come under the spotlight.