Tuesday, 23 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 23 MAY 2017

Nickel trading range for the day is 598.6-612.2.Nickel prices gained on the back of a sustained crackdown in China's polluting steel industry, which fuelled worries about steel supply and lifted the prices.China's Tangshan city launched a campaign to improve air quality, saying steel mills that fail to meet emission standards face suspension and heavy fines.The Flash Markit/Nikkei Japan Manufacturing PMI fell to 52.0 in May on a seasonally adjusted basis, from a final 52.7 in the previous month.



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