EPIC RESEARCH MCX NICKEL UPDATE OF 06 FEBRUARY 2018

Nickel trading range for the day is 846.1-902.1. Nickel gained on short covering after prices plunged amid expectations of a glut due to growing nickel ore exports from Indonesia. Some of China's stainless steel mills, are losing money at current prices and have already wound down their operations. Three nickel pig iron (NPI) plants in Inner Mongolia were set to be suspended for maintenance this month due to aging facilities.

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