Nickel trading range for the day is 774.8-809.4.Nickel settled down on profit booking as speculation are high that global refined nickel production will increase from 1.89 Mt in 20 17 to 1.92 Mt in 2018.China’s steel purchasing managers’ index (PMI) in December stood at 50.2 points, down 2.9 points from November, according to data. Group’s nickel smelter caught fire due to organic solvent, and about 10,000 mt of output is estimated to be affected.

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