EPIC RESEARCH MCX NICKEL UPDATE OF 30 OCTOBER 2017

Nickel trading range for the day is 729.8-765.6. Nickel prices dropped in step with steel prices, reversing earlier gains and on track to end the week sharply lower. China's government said that it had met its target for cutting steel capacity this year, with further curbs expected this winter when smog is typically heaviest. Indonesia's PT Antam received a recommendation from the mining ministry for an additional 1.25 million tonnes of nickel ore exports over the next 12 months.



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