EPIC RESEARCH MCX NICKEL UPDATE OF 05 MAY 2017

Nickel trading range for the day is 567.2-602.6. Nickel dropped tracking weak LME prices following the decision by parliament in the Philippines to reject the appointment of an environment minister. The Philippine government will move forward with a second review of the country's mines despite the removal of Regina Lopez as environment minister. Lopez will no longer be in a position to suspend about 8 percent of global nickel supply, Goldman Sachs said.

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