Friday 1 September 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 01 SEPTEMBER 2017

Nickel trading range for the day is 739.3-764.1. Nickel gains due to healthy demand from China’s stainless steel mills and falling supplies from the Philippines, supporting sentiment. Nickel ore output in the Philippines fell 24 percent in the first half as several mines stopped operations because of government sanctions and bad weather.At least eight nickel mines have had operations suspended since last year for environmental breaches.

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