Nickel Rallied As Support Seen On Concerns China Might Order Further - Dollar Advisory | Best Commodity Tips Provider

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Thursday 2 November 2017

Nickel Rallied As Support Seen On Concerns China Might Order Further

Nickel trading range for the day is 791-854.2.

Nickel rallied as support seen on concerns China might order further output cuts as it ramps up efforts to clean its skies.

Tangshan, will impose restrictions on traffic over the winter months to reduce smog, part of efforts to meet politically crucial 2017 air quality targets.

Goldman Sachs said that it saw the majority of nickel demand from electric vehicles taking place after 2020 with inventory sufficient to cover demand.

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