Analysts said the country should ramp up its efforts to revitalize domestic demand to sustain the improvement in industrial earnings amid mounting uncertainties.

Nickel price trend on July 2nd

LME nickel price trend on July 1st

The 2009 ferrosilicon contract price on ZCE closed at 5862 yuan per ton on July 2.

Key finished steel products with a significant increase in imports in May compared to April are oil country goods (up 71%).

Nickel price trend on July 1st

China's steel sector purchasing managers' index (PMI) decreased by 1.6 points from May to 49.3 in June.

The 2009 ferrosilicon contract price on ZCE closed at 5944 yuan per ton on July 1.