EPIC RESEARCH MCX NICKEL UPDATE OF 21 April 2017

Nickel trading range for the day is 596.4-625.2. Nickel prices gains tracking rise in LME prices reflecting a lack of immediately available supply. The global market for refined nickel deepened its deficit to 4,400 tonnes in February from a deficit of 1,100 tonnes in January. Nickel daily stocks at Shanghai exchange came up by 60 tonnes.

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