Friday, 2 June 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 02 JUNE 2017

Nickel trading range for the day is 563.4-582.4.Nickel was down to settled near 570 level pressed by selling concerned about the supply increase in Indonesia and the Philippines.Nickel was also caught up in broader negative sentiment after a survey showed China's manufacturing activity contracted unexpectedly in May.Inventories at LME warehouses remain at elevated levels even though they were well below their 2015 peak.



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