EPIC RESEARCH MCX NICKEL UPDATE OF 24 NOVEMBER 2017

Nickel trading range for the day is 741.9-784.3. Nickel recovered from lows after prices dropped due to sufficient supply of nickel ore. Indonesia government has approved more than 20 million tons of nickel ore export quota so far, most of which are selling normally to China. The Nickel market was in deficit during January to September 2017 with apparent demand exceeding production by 46.6 kt.



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