Thursday, 3 November 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 3 Nov 2016

Nickel trading range for the day is 685.7-700.1. Nickel dropped on news that production has now returned to normal at New Caledonia nickel producer Societe Le Nickel. Global nickel market ended in deficit of 75,100 tonnes in January-August 2016 with apparent demand exceeding production. Global nickel market ended in deficit of 75,100 tonnes in January-August 2016 with apparent demand exceeding production.
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