Tuesday 18 October 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 18 Oct 2016

Nickel trading range for the day is 677.1-706.9.Nickel prices dropped tracking weakness in LME prices despite talk of another mine closure in the Philippines. The global nickel market was in balance in August after recording a deficit in July, but remains in deficit for the first eight months of the year - INSG. Nickel daily stocks at Shanghai exchange came down by 137 tonnes.


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