EPIC RESEARCH MCX NICKEL UPDATE OF 3 MAY 2018

Nickel trading range for the day is 919.4-946.8. Nickel gained buoyed by a firm physical market that helped run down inventories amid supply constraints. Global demand for nickel is expected to increase to 2.34 million tonnes in 2018 versus 2.19 million in 2017, the International Nickel Study Group (INSG) said. South Korea bought a total 180 tonnes of nickel for July arrival as those received no bid, the state-run Public Procurement Service said.


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