EPIC RESEARCH MCX NICKEL UPDATE OF 27 JULY 2017

Nickel trading range for the day is 624.3-654.9. Nickel dropped on profit booking after prices gained earlier amid better demand outlook from China after second-quarter growth beat expectations. China’s imports of refined nickel and alloys were 14,248 tonnes in June, down 27 per cent MoM and 62 per cent YoY, according to China Customs. One high-grade NPI plant in Liaoning suspended production again in early July due to slim profits after running shortly in June.



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