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Thursday, 28 April 2016

EPIC RESEARCH MCX NICKEL UPDATE OF 28 APRIL 2016

Nickel trading range for the day is 598.3-621.1.
Nickel prices ended with gains supported by a weaker dollar and strong oil prices.       
Global nickel demand will slightly outpace supply this year, the International Nickel Study Group said, ending four years of surplus.        
Output of nickel will drop to 1.913 million tonnes in 2016, although consumption will increase to 1.962 million tonnes, it said.

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