EPIC RESEARCH MCX NICKEL UPDATE OF 27 OCTOBER 2017

Nickel trading range for the day is 743.5-781.3.Nickel dropped as pressure seen after Indonesian PT Antam approved to export another 1.25m tonnes of nickel ore from Indonesia.Industry group said demand would exceed supply for a third straight year in 2018 due to expansion in the stainless steel and batteries industries. Growing demand from battery-makers will exacerbate "the predicted structural shortage of nickel between now and 2025."

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