EPIC RESEARCH MCX NICKEL UPDATE OF 02 AUGUST 2017

Nickel trading range for the day is 642.1-668.7. Nickel prices recovered from the day's low extending their gains from a prior session following comments from Philippine environment minister.Prices getting support as bolstered by supply concerns and expectations of stronger demand from Chinese stainless steel mills. Many nickel miners were ordered to stop mining, and this caused nickel prices to rally.

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