Nickel Trading Range For The Day Is 561.1-586.3

Nickel trading range for the day is 561.1-586.3. Nickel prices ended with gains helped by better Chinese trade data that showed imports and exports picked up in May. The global nickel market deficit is expected to narrow amid increased supply and reduced demand, resulting in lower nickel prices. Nickel production at major domestic smelters to hold largely stable in June, with output expected at 12,300-12,900 tonnes.

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