According to the analysts said, the iron ore prices might be possible to drop to USD25/MT. In the same time, nickel price also affected by China's slow economics, which was likely to fall further. Although iron ore price rebounds these days, but the demand remains weak.

Due to the fluctuation of the dollar and oil price, analysts think the nickel prices might not have strong rebound till end of this year. And the nickel price might increase or decrease sharply in short period of time. However, China steel industry believes nickel price might have a chance to hike if it didn't drop below USD9,500/MT. 

• [Editor:Sophie]