Nickel trading range for the day is 634-659.4. Nickel prices dropped after update the Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore. The volume of nickel ore stocks from the mines may well exceed 1 million tonnes, or about a month's worth of consumption by top buyer China. The global market for refined nickel started the year with a 1,100-tonne deficit in the month of January due to robust demand growth from Asia and the Americas.
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