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Friday 10 November 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 10 NOVEMBER 2017


Nickel trading range for the day is 777.1-827.3.Nickel fell by more than two percent as hype over potential electric vehicle demand that drove last week's rally died down. Russian nickel exports to countries outside the Commonwealth of Independent States (CIS) decreased in the first nine months of 2017.Demand for nickel will outstrip global supply for the third year on the trot in 2018, although the size of the deficit is set to shrink-Antaike.

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