EPIC RESEARCH MCX NICKEL UPDATE OF 18 JANUARY 2018

Nickel trading range for the day is 781.5-806.3. Nickel dropped pressured by low demand amid ongoing curbs on steel production in a campaign against smog.Global nickel supply shortage has widened to 9,700 mt in October, according to data released by the International Nickel Study Group (INSG). The decline in nickel ore shipments to China from the Philippines was mainly due to bad weather in Tawi-Tawi.

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