Monday, 22 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 22 MAY 2017

Nickel trading range for the day is 584-617.2. Nickel prices gained tracking rise in LME nickel closed up 2 percent at $9,360 as dollar weakness cushioned prices. Global nickel market was in a surplus of 3,300 tonnes during the first three months of 2017, according to the World Bureau of Metal Statistics. Nickel ore inventories at seven major Chinese ports grew in the week ending May 12, data showed.

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