EPIC RESEARCH MCX NICKEL UPDATE OF 12 JULY 2017

Nickel trading range for the day is 573.3-604.7.Nickel gained tracking rise in LME prices after Chinese steel prices reached 3-1/2 year highs. Nickel ore inventories at seven major Chinese ports increased slightly in the week ending June 30. PT Ceria Nugraha Indotama was permitted by Indonesia government to export 2.30 million mt of nickel ore in principle through to July 2018.



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