EPIC RESEARCH MCX NICKEL UPDATE OF 12 JUNE 2018

Nickel trading range for the day is 1017.8-1046.4. Nickel dropped as the US dollar seen supported from the US-North Korea summit and the Federal Reserve’s resolution on interest rate. China's nickel production rose 2.5% month-on-month in May to 12,200 mt, with more working days in May than April. With fewer working days in June than May, nickel production in June is likely to fall 2.5% from May to stand at 11,900 mt.

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