Nickel trading range for the day is 831.4-880.8. Nickel came off highs as investors booked profits from a rally that was supported by a low dollar and an improving demand and supply outlook. China’s nickel ore port inventory continued its decline to 7.62 million wet mt, down 430,000 mt on a weekly basis. Nickel saw a deficit from January to November 2017 with demand exceeding production by 63,600 mt. In 2016, the deficit was 68,200 mt.
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