EPIC RESEARCH MCX NICKEL UPDATE OF 23 OCTOBER 2017

Nickel trading range for the day is 737.6-797.6. Nickel prices ended with gains helped by expectations that market deficits will widen in the future. Global nickel market deficit widens to 6,700 tonnes in August – INSG Global refined nickel production was unchanged for the month at 176,800 tonnes, while demand grew to 183,500 tonnes. Confidence among Japanese manufacturers rebounded in October to match a peak last seen in mid-2007, evidence that the economic recovery is gathering momentum.



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