EPIC RESEARCH MCX NICKEL UPDATE OF 14 JUNE 2018

Nickel trading range for the day is 1011.9-1079.1. Nickel gained as support came after China said it would ban new capacity for steel, coke and primary aluminium production in some key areas. The import window for nickel is not open yet and inventory at bonded warehouses is not going to enter the domestic market. Nickel invisible inventory was around 57,142 tons as of now, according to data, down 34.12% year-on-year.

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