Friday, 10 August 2018

EPIC RESEARCH MCX Nickel UPDATE OF 10 August 2018


Nickel trading range for the day is 938.2-976.4.

* Nickel dropped as investors bet global trade tensions and a robust US economy would continue to support the dollar.

* Nickel production rose 4.7% on the month and stood at 12,400 mt in July, this is down 9.7% year on year.

* Discounts of high-grade nickel pig iron (NPI) to refined nickel prices are expected to widen this month due to an increasing supply of the former.

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