EPIC RESEARCH MCX NICKEL UPDATE OF 06 JULY 2017

Nickel trading range for the day is 583.4-602.8. Nickel dropped as pressure seen after Indonesia allows another new company to export nickel ore.Pressure also seen on prices on plentiful supply from Indonesia and the Philippines. Indonesia allows PT Ceria Nugraha Indotama will be permitted to export 2.30 million tonnes of nickel ore in principle through to July 2018.

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