Nickel trading range for the day is 965.2-1066.
Nickel prices fell on profit booking after prices gained amid an Indonesian mining ministry official reiterating that a ban on the export of raw ore exports.
Headline stocks in LME-registered warehouses, at 147,942 tonnes, have slid from more than 450,000 tonnes in 2016.
Cash nickel is still trading at a discount to the three-month contract on the LME, however, suggesting that while the market has tightened, metal is still available.
Nickel prices fell on profit booking after prices gained amid an Indonesian mining ministry official reiterating that a ban on the export of raw ore exports.
Headline stocks in LME-registered warehouses, at 147,942 tonnes, have slid from more than 450,000 tonnes in 2016.
Cash nickel is still trading at a discount to the three-month contract on the LME, however, suggesting that while the market has tightened, metal is still available.
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