Monday, 29 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 29 MAY 2017

Nickel trading range for the day is 575.5-591.1.Nickel gained on short covering tracking LME prices after trade data showed that the Philippines is ramping up ore exports to China.BHP Billiton is seeking environmental approval to dig two new mines to extend the life of its Nickel West unit in the state of Western Australia.U.S. orders for long lasting manufactured goods fell less than forecast in April, although the core reading unexpectedly dipped.

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