Wednesday 20 November 2019

Nickel Trading Range For The Day Is 1072.7-1106.5

Nickel trading range for the day is 1072.7-1106.5.

Nickel prices ended with losses as markets awaited firmer signs of an end to the US-China trade conflict.

Pressure also seen as supply concerns eased while worries about demand intensified on falling stainless steel prices.

Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations.

Warehouse stock for Nickel at LME was at 66174mt that is up by 1344mt.

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