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NEW YORK, Feb 18 (Reuters) - The global nickel market recorded its fourth straight year of oversupply in 2015, with output outpacing demand by 80,700 tonnes as inventory swelled, data from the International Nickel Study Group showed.
Demand fell for a second year, though the surplus fell from 117,600 tonnes in 2014, the data released on Thursday showed.
Metal output fell 0.80 percent to 1.97 million tonnes from 1.99 million tonnes, the first annual fall since the world economic crisis curbed demand from the steel industry in 2008.
The drop reflects cuts by producers as prices on the London Metal Exchange CMNI3 sank to six-year lows of around $8,200 per tonne late last year.
Still, demand fell 1.1 percent to 1.9 million tonnes and stocks rose 6 percent to 441,300 tonnes, the data showed.