Industrial metals declined over the weekend as a result of long profit taking triggered by a higher US dollar, but the decline was limited by expectations of global economic growth and stronger demand. Today's Shanghai metal net spot nickel quotation: 112300-113000 yuan / ton, down 2125 yuan / ton, Jinchuan Nickel spot premium 350 yuan / ton compared with Wuxi 2008 contract, 400 yuan / ton higher than Shanghai nickel 2009 contract, Russian nickel spot discount 350 yuan / ton compared with Wuxi 2008 contract and 300 yuan / ton compared with Shanghai nickel 2009 contract. Shanghai nickel shock lower in the early trading, intraday decline expanded. Spot price significantly callback, the market remains cautious, traders deal is not good or bad, due to the price drop, some traders increased the number of transactions, indicating that the intersection was better last week. It is reported that the discount of nickel beans to Shanghai nickel 2009 contract is expected to be around 600-500 yuan / ton, and Wuxi plate has no offer for 2008 contract today. As of 10:15, the price difference between Shanghai nickel 2009 contract and Wuxi nickel 2008 contract was - 70 yuan / ton, turning to discount status.