Nickel trading range for the day is 554.2-575. Nickel recovered on short covering after prices dropped pressured by a fall in Chinese steel prices and ahead of expected weaker Chinese data. The data on Chinese retail sales, industrial growth and urban investment is due on Wednesday and consensus forecasts are weaker for all three. French bank Natixis has sued metals broker Marex Spectron for $32 million over alleged fraudulent receipts for nickel stored at warehouses in Asia.

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