EPIC RESEARCH MCX NICKEL UPDATE OF 08 MAY 2017

Nickel trading range for the day is 567.6-603.8.Nickel on MCX settled up 1.67% after LME nickel bounced 1.4 percent to close at $9,140 after touching $8,905, the weakest since June 24 last year.
Many of these mines were nickel producers, and the crackdown removed a great deal of supply from the market.In the meantime, Indonesian shipments are already picking up after a relaxation of the government’s ore export ban.

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