Wednesday, 16 May 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 16 MAY 2018

Nickel trading range for the day is 954.7-1010.7.

Nickel gains as supported seen as major steel mills in south China cut production for maintenance activities.

Low-grade nickel pig iron (NPI) plants in Linyi city, Shandong province, were required to halve their production from mid-May, in response to the province's regulations on safe production.

Inventories of nickel plates in Shanghai stood under 100,000 mt, but about 175,000 mt is due for delivery
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