Nickel trading range for the day is 701.5-736.1. Nickel prices gained as LME Nickel closing up 2.6 percent as the market tracked the latest plans by the Philippines to close mines on environmental grounds. Chinese nickel demand is expected to increase in 2017 due to a rise in steel manufacturers moving into higher value-added stainless steel products. The Philippines' environment minister said President Rodrigo Duterte had backed her decision to ban mining in watershed areas at a meeting.
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