EPIC RESEARCH MCX NICKEL UPDATE OF 20 JUNE 2017

Nickel trading range for the day is 568.5-592.5.Nickel prices gained as support seen after news some Indonesian nickel smelters cease operations due to falling prices. Thirteen smelters with a combined capacity of 750,000 tonnes of nickel pig iron a year "were forced to cease operation".Nickel ore inventories at seven major Chinese ports kept increasing in the week ending June 16, data showed.



For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664