Tuesday, 30 May 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 30 MAY 2017

Nickel trading range for the day is 575.6-590.6.Nickel traded in range but overall sentiments remain weak after trade data last week showed that the Philippines is ramping up ore exports to China.Goldman Sachs says lowers its 3/6/12-month nickel price forecasts by 28 percent/18 percent/18 percent.Chinese customs data shows the gyrations in the nickel market, with imports down 11% Q1 from the same period last year to 3.03mts.



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