Nickel trading range for the day is 968.1-1001.7.
Nickel as an Indonesian ban on unprocessed ore coupled with geopolitical tensions between Russia and the West sparked fears of a supply shortage.
Still, nickel inventories are high as users built up stockpiles in anticipation of the Indonesian ban.
The US housing starts decreased 0.2% to a seasonally adjusted annual rate of 907,000, lower than the 910,000 expected.
Warehouse stock for Nickel at LME was at 270930mt that is up by 120mt.
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