Nickel trading range for the day is 900.8-960.8.
* Nickel dropped as investors remain concerned over a slowdown in the economy of top metals consumer China.
* Fixed-asset investment expanded by a below consensus 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing.
* Industrial output, which has a strong correlation with industrial metals demand growth, rising 6 percent year-on-year in July was also below forecast.
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* Nickel dropped as investors remain concerned over a slowdown in the economy of top metals consumer China.
* Fixed-asset investment expanded by a below consensus 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing.
* Industrial output, which has a strong correlation with industrial metals demand growth, rising 6 percent year-on-year in July was also below forecast.
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For quick free trial click here > 911 133 9000
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