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Wednesday 27 April 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 27 APRIL 2016

Nickel trading range for the day is 591.8-622.8.
Nickel gained as prices seen supported above 600 mark as a weaker dollar helped support prices.        
Global nickel markets ended in small deficit of 4,400 tonnes in January-February 2016 with apparent demand exceeding production.      
The calculated full year surplus had stood at 10.8 kt during the whole year 2015, according to the latest data released by the WBMS.

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