Wednesday, 5 July 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 05 JULY 2017

Nickel trading range for the day is 582.6-614.4. Nickel dropped on expectations of plentiful supply from Indonesia and the Philippines. Inventories of nickel ore at china’s major seven ports were up 330,000 tonnes last week. Trade was thin as U.S. markets were closed for the Independence Day holiday and Volumes are very low so markets are easily moved.

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