EPIC RESEARCH MCX NICKEL UPDATE OF 26 JULY 2017

Nickel trading range for the day is 621.2-654.6. Nickel gains as support came after Philippine’s President said he wants all mineral resources extracted in the country to be processed domestically. One high-grade NPI plant in Liaoning suspended production again in early July due to slim profits after running shortly in June. Global nickel market was in a shortage of 54,300 tonnes during the first five months of 2017, according to the World Bureau of Metal Statistics.



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