Nickel trading range for the day is 588.3-602.9. Nickel settled flat recovering from lows as short covering seen after U.S. dollar lost ground against the euro in the wake of the French election. In recent months, news stories on nickel have been dominated by concerns over supply of nickel ores and concentrates from the Philippines and Indonesia. Nickel daily stocks at Shanghai exchange came up by 17000 tonnes.

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