Nickel trading range for the day is 625.5-660.1. Nickel gained on short covering tracking LME prices gained by 2.3 percent after prices dropped amid receding worries about supply shortages. Cash LME nickel fell to a $67 discount, the steepest discount since Jan 2015, reflecting a market in ample supply. U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism.
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