Tuesday, 18 July 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 18 JULY 2017

Nickel trading range for the day is 609.5-628.9. Nickel gained as support seen after ShFE nickel jumped 4.1 percent following increased demand from China's steel sector, where prices have also rallied.China's property sector, also showed underlying demand remained resilient to government curbs. Chinese steel output last month rose 5.7 percent from the year before to a record 73.23 million tonnes data from NBS showed.

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