Nickel trading range for the day is 675-701.8. Nickel prices fell tracking LME prices dropped in heavy volumes as Chinese markets reopened after a week-long break. But prices ended with almost 7-percent weekly gain after the Philippines said it would permanently close half its nickel production. The Philippines mine closures will offset the recent Indonesian decision to lift a ban on exports of nickel that could add 150,000 tonnes of nickel to the market.
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