Friday, 18 May 2018

EPIC RESEARCH MCX NICKEL UPDATE OF 18 MAY 2018


Nickel trading range for the day is 968-1008.

Nickel gains as support seen after update that the global nickel market deficit widened in March.

Supplies were short in the global nickel market in the first quarter of the year, as output fell short of demand by 32,000 mt.

Global production of refined nickel totalled 422,700 mt in the first quarter, compared with apparent demand of 454,700 mt, according to the report.

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