EPIC RESEARCH MCX NICKEL UPDATE OF 8 FEBRUARY 2017

Nickel trading range for the day is 688.8-706.6. Nickel dropped on profit booking tracking LME prices after solid gains amid decision by the Philippines mining minister to close more than half the country's mines. The Philippines' environment minister said she can release the results of a mining audit that an industry group was seeking. New Caledonia is also gearing up, granting three more companies the right to export nickel ore to China.

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