Nickel trading range for the day is 566.6-651.6. Nickel prices dropped tracking LME prices due to profit booking after gaining earlier due to improving technical outlook.
China’s purchases of nickel rebounded 45 percent to 42,511 tons last month, the highest level since July, customs data show.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973.
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