EPIC RESEARCH MCX NICKEL UPDATE OF 07 AUGUST 2017

Nickel trading range for the day is 642.9-671.5.Nickel dropped tracking weakness in LME prices dropped 1.3 percent to $10,250 after update Indonesian government announced to allow more export. So far, Indonesian government has expanded its nickel ore export list to four companies, with a total export quota up to 8.14 million tonnes. According to China Customs, China imported a total of 560,000 tonnes of nickel ore from Indonesia since Indonesia’s quota approval system to June.



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