Nickel trading range for the day is 787.5-829.1. Nickel dropped on profit booking after rise in LME stocks after prices gained on concerns over low stock levels and production outages. Four nickel mines in the Zambales region of the Philippines, remain shut on environmental grounds, an official said. Deliverable ShFE nickel warehouse stocks stood at 48,920 tonnes as of Jan. 5, compared with over 90,000 tonnes a year ago.
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