Monday, 17 July 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 17 JULY 2017

Nickel trading range for the day is 584.9-628.7.Nickel rallied as support seen after LME nickel gained to strongest daily percentage gain since November helped by encouraging economic reports from China. Philippine President Rodrigo Duterte promised to resolve an impasse caused by a ministerial order to close more than 20 mines in the world's top source of nickel ore.South Korea bought 150 tonnes of nickel for September arrival via a tender that closed, state-run Public Procurement Service said.

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