EPIC RESEARCH MCX NICKEL UPDATE OF 30 JANUARY 2018

Nickel trading range for the day is 861-897.4. Nickel prices rose as support seen after LME prices rose 2 1/2-year peak amid expectations of strong demand. Three nickel pig iron (NPI) plants in Inner Mongolia were set to be suspended for maintenance this month due to aging facilities. Nickel saw a deficit from January to November 2017 with demand exceeding production by 63,600 mt.

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