Today News - Nickel Trading Range Is 609.7-619.1

Nickel trading range for the day is 609.7-619.1. Nickel prices traded in range as traders wait to see if Regina Lopez is confirmed as the Philippines Environmental Secretary. Prices started a rally in 2016 when the environmental inspections were underway in the Philippines, but now a good chunk of these gains have unraveled. Prices were also supported by higher demand from China, but recent data has sparked concern that Chinese demand for nickel will stutter.

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