Friday, 26 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 26 MAY 2017

Nickel trading range for the day is 575.1-594.9.Nickel prices dropped as pressure after BHP Billiton is seeking environmental approval to dig two new mines to extend the life of its Nickel West unit.Pressure also seen on prices after China trade data showed a surge in ore imports from the Philippines.The Dragon Boat Festival in China on Monday and Tuesday and public holidays in much of Europe on Monday have subdued volumes in industrial metals markets.

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