Posted by aditi on 11:52:00 with No comments
Nickel trading range for the day is 684.3-725.9. Nickel gained as investors piled into risky assets after U.S. President Trump calmed international tensions by affirming the "one-China" policy. Nickel was said to be in a supply deficit last year of 209,000 metric tons and is projected to remain in deficit this year to the tune of 188,000 mt Nickel ore inventories at seven major Chinese ports tumbled in the week ending February 10 when compared with the level before the 2017 Chinese New Year holiday.
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