EPIC RESEARCH MCX NICKEL UPDATE OF 25 April 2017

Nickel trading range for the day is 589.3-608.1.Nickel remained under pressure on weak stainless steel sector and as more Indonesian NPI production capacity has been brought online.Nickel market is being underestimated and more opportunities could lie in nickel rather than zinc, Royal Nickel Corp president and CEO Mark Selby said.The global market for refined nickel deepened its deficit to 4,400 tonnes in February from a deficit of 1,100 tonnes in January.

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