Nickel trading range for the day is 965.8-1010.8.
Nickel dropped on profit booking as downside was limited after Indonesia banned ore exports in January to encourage more domestic processing
China imported 77,527 metric tons of refined nickel from Russia last year out of a total 168,190 tons, according to customs.
China’s nickel demand will rise 9 percent this year after the nation consumed 897,000 tons in 2013
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