EPIC RESEARCH MCX NICKEL UPDATE OF 10 MAY 2017

Nickel trading range for the day is 577.8-613.4. Nickel gained on short covering helped by cutbacks at NPI plants in China. Support also seen after the Philippines new environment minister said it was possible to strike a balance between mining and protecting natural resources. Cimatu said he has yet to take a position on decisions made by Lopez including her orders to shut more than half the country's mines.

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