According to the World Bank report monitoring in commodity price forecasts. Among them, the nickel price forecasts will expect to cut from US$12818/ton in October down to US$10000/ton, or down by 21.98% year on year.

World Bank report found that almost all major commodity price index is expected to decline in 2016, due to continued oversupply, as well as the main market demand also remained weak, which led the global economic downturn trend and cut the demand for commodities, which dragged down commodity prices.