Nickel trading range for the day is 556.3-582.9. Nickel prices dropped amid slowing growth in top consumer China and global oversupply of the metal weighed.
Nickel ore inventories at six major Chinese ports were up 90,000 tonnes last week, according to data.
China’s government set the CPI growth target at about 2.3% for 2016, which serves as the ceiling of Premier Li Keqiang's reasonable range of economic growth.
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