EPIC RESEARCH MCX NICKEL UPDATE OF 11 DECEMBER 2017

Nickel trading range for the day is 693.4-721.6. Nickel prices dropped due to rising dollar after prices remained supported as Brazilian miner Vale SA dialed back its nickel output forecasts for the next five years.Indonesian nickel export to China drops 33% in November.China’s steel demand is 725 million tons in 2017, up 7.7% on yearly basis. In 2018 this figure will be 730 million tons, up 0.7% compared with 2017.



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