Nickel trading range for the day is 569.3-586.1. Nickel dropped as more downside impetus after U.S. weekly jobless claims showed the biggest drop since February.
A global nickel market deficit widened to 8,200 tonnes in March from a month earlier, led by a surge in demand from China. INSG showed
China's desire to hold up headline growth figures may increase longer-term risks for the world's second-largest economy.
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