EPIC RESEARCH MCX NICKEL UPDATE OF 12 FEBRUARY 2018

Nickel trading range for the day is 812.4-853.4.Nickel remained under pressure after update that the Shanghai Futures Exchange said it will quintuple the intraday transaction fee on its nickel futures. China produced 10,200 mt of refined nickel in January, down 15.8% from the same month last year, data showed. China’s nickel pig iron (NPI) production in January stood at 36,900 mt, down 8.6% month on month but up 7.6% from January 2017, data showed.

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