Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

LME nickel price trend on September 4th

Nickel ore market weekly comment(August 31st-September 4th): The prices of Laterite-Nickel ore rose up in this week

Ferronickel market weekly comment(August 31st-September 4th) The price of high grade ferronickel price went up in this week

Electrolytic nickel market weekly comment(August 31st-September 4th) LME nickel price was not steady in general , so was the electrolytic nickel price

LME nickel price trend on September 3rd

The 2010 ferrosilicon contract price on ZCE closed at 5686 yuan per ton on September 4.

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.