EPIC RESEARCH MCX NICKEL UPDATE OF 15 JANUARY 2018

Nickel trading range for the day is 789.4-816.8. Nickel prices recovered as still Four nickel mines in the Philippines, remain shut on environmental grounds. The decline in nickel ore shipments to China from the Philippines was mainly due to bad weather in Tawi-Tawi.Deliverable nickel stocks in Shanghai Futures Exchange warehouses stood at 48,920 tonnes as of now, compared with over 90,000 tonnes a year ago.

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