Nickel trading range for the day is 554.7-575.5.
Nickel prices dropped as LME Nickel slipped 0.7 percent as developments on the supply-side also suggest caution and a less bullish view towards nickel.
Confidence at Japanese manufacturers tumbled to a three-year low in May and is seen recovering only modestly in the next three months
Next week, Chinese manufacturing PMIs will offer further clues on the country’s growth and demand appetite.
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Nickel prices dropped as LME Nickel slipped 0.7 percent as developments on the supply-side also suggest caution and a less bullish view towards nickel.
Confidence at Japanese manufacturers tumbled to a three-year low in May and is seen recovering only modestly in the next three months
Next week, Chinese manufacturing PMIs will offer further clues on the country’s growth and demand appetite.
For more Accurate COMMODITY TIPS ✆ – 0731-6642300
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