Wednesday, 24 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 24 MAY 2017

Nickel trading range for the day is 595.1-612.9.Nickel dropped as prices retreated tracking weakness in LME by 0.5 percent to close at $9,345 after Chinese ore imports surged 48 percent.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. Recovering ore exports from the Philippines were responsible for the bulk the April rebound.



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