Nickel Trading Range For The Day Is 563.4-582.4

Nickel trading range for the day is 563.4-582.4. Nickel was down to settled near 570 level pressed by selling concerned about the supply increase in Indonesia and the Philippines. Nickel was also caught up in broader negative sentiment after a survey showed China's manufacturing activity contracted unexpectedly in May Inventories at LME warehouses remain at elevated levels even though they were well below their 2015 peak.

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