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Tuesday, 11 April 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 11 April 2017


Nickel trading range for the day is 644.7-662.5. Nickel traded in the range while LME Nickel price ended unchanged at $10,180, balanced by potentially bullish and bearish news. A suspended Philippine nickel miner has asked President Rodrigo Duterte to allow it to ship ore stockpiles after some cargoes were seized. Cyclonic winds and heavy rain buffeted New Caledonia, prompting residents of the French South Pacific territory to halt mining of nickel.



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