EPIC RESEARCH MCX NICKEL UPDATE OF 15 MAY 2017

Nickel trading range for the day is 590.6-607.6.Nickel ended with flat node as prices are not promising considering sufficient nickel inventories and resumption of nickel ore exports by the Philippines.China’s refined nickel output is expected to be at 12,500-13,500 tonnes in May. China’s NPI output dropped in April as big losses from high costs led to production cuts or suspension at domestic high-grade NPI producers.

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