Nickel trading range for the day is 686.7-716.7. Nickel settled up by 1.82% reversing its losses on short covering after prices dropped on concerns about demand growth in China. China’s nickel imports lurched lower by 38.8 per cent to 16,919 tonnes, zinc imports plunged 63.5 per cent to 25,424 tonnes. Technically market is under short covering as market has witnessed drop in open interest by -7.14% to settle at 12913.
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