EPIC RESEARCH MCX NICKEL UPDATE OF 15 MAY 2018

Nickel trading range for the day is 936.4-1002.6. Nickel gained as sentiment improved as downstream consumption for stainless steel rose in the high season and as both Shanghai and LME nickel inventories declined. China’s stainless steel output stood at 2.05, 1.88 and 1.97 million mt in January, February and March, while inventories were 2.89, 3.95, and 4.09 million mt, respectively. China’s property prices are expected to cool steadily this year amid persistent curbs on buyers and tighter monetary conditions.

Subscribe now for best COMMODITY TIPS

For quick free trial click here < 911 133 9000
Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+