Tuesday, 20 June 2017

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.



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