The Shanghai nickel price remained volatile in the night session, closing up 0.95% at 125,710 yuan/ton. The short-term price lacks driving force. The stainless steel price remained stable in the night session, closing flat at 13,300 yuan/ton. The weak fundamentals of stainless steel continued, supply pressure remained unchanged and demand was weak. It is expected that the price of stainless steel will fluctuate at the bottom in the short term.