EPIC RESEARCH MCX NICKEL UPDATE OF 13 JANUARY 2017

Nickel trading range for the day is 646-732. Nickel erased losses after sliding 5% in earlier trade after Indonesia eased a ban on metal ore exports. The broad changes cover areas including permit extensions, which can now be applied for up to 5 years in advance of expiry, and rules on divestment. Nickel on the London Metal Exchange fell to its lowest since mid September at $9,660 a tonne after the news .

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