Thursday, 2 August 2018

EPIC RESEARCH MCX Nickel UPDATE OF 2 August 2018

Nickel trading range for the day is 882.4-976.4.

Nickel prices dropped tracking LME prices slid 3.1 percent to close at $13,590 amid a slowdown in Chinese economic growth and a strong US dollar

Philippines has lifted a two-year moratorium on approving mining exploration permits.

The Caixin/Markit Manufacturing Purchasing Managers’ Index declined to 50.8 in July from June’s 51.0, matching forecast and a November 2017 level.

Warehouse stock for Nickel at LME was at 254262mt that is down by -1782mt.


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