Friday, 3 August 2018

EPIC RESEARCH MCX Nickel UPDATE OF 3 August 2018


Nickel trading range for the day is 902.4-934.6.

Nickel ended with small gains prices facing pressure from the US-China trade disputes and a slowdown in Chinese economic growth.

The Philippines' environment ministry will decide whether to permanently shut four mines that failed a review for compliance with state regulations or offer them reprieve.

The Philippines confirmed that 23 of 27 mines reviewed for compliance with state regulations will continue to operate.

Warehouse stock for Nickel at LME was at 254070mt that is down by -192mt.


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