Monday 3 July 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 03 JULY 2017

Nickel trading range for the day is 599.8-611.6. Nickel prices gained as support seen due to better than expected factory growth in top metals consumer China. A strike at the SLN nickel plant in New Caledonia has begun to hit production as the company is incurring monthly losses in excess of $US22 million. The Philippine’s new environment secretary will oversee nickel ore producing regions in the southern Mindanao region and Palawan province next month.



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