EPIC RESEARCH MCX NICKEL UPDATE OF 28 FEBRUARY 2018

Nickel trading range for the day is 881-915. Nickel prices settled down due to faster shipments of Indonesian exports, better weather in February and the recovery of Philippine exports. However downside seen limited as maintenance at some smelters limit output. Global nickel deficit in 2017 stood at 103,400 mt, compared with a deficit of 42,200 mt in 2016, according to a report by INSG.

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