EPIC RESEARCH MCX NICKEL UPDATE OF 15 SEPTEMBER 2017

Nickel trading range for the day is 698.8-739.8. Nickel dropped as pressure seen after the release of Chinese economic indicators most of which were downbeat.China’s crude steel output rose 8.7% year-on-year to 74.59 million tonnes in August, the highest in record. Meanwhile, stainless steel shipments by Tsingshan Group from Indonesia back to China will constrain gains in China’s stainless steel prices.



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