EPIC RESEARCH MCX NICKEL UPDATE OF 05 DECEMBER 2017

Nickel trading range for the day is 720.3-746.5. Nickel prices remained supported on the back of stronger steel prices.Currently some mines in Sulawesi is reducing in Nickel shipment due to rainy weather and strike. China's crude steel output is expected to rise 3 percent to 832 million tonnes this year, and by a further 0.7 percent to 838 million tonnes next year.

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