EPIC RESEARCH MCX NICKEL UPDATE OF 18 MAY 2017

Nickel trading range for the day is 577.4-598.6. Nickel settled flat paring its gains after prices earlier received a boost from news that output at a Canadian mine would be suspended.The prospects of less supply bolstered nickel prices after Vale said it would suspend operations at its Birchtree nickel mine.China's banking regulator has tightened disclosure rules on lenders' wealth management products.

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