EPIC RESEARCH MCX NICKEL UPDATE OF 20 JUNE 2018

Nickel trading range for the day is 978-1030.4. Nickel prices dropped as US-Sino trade tension escalated and concerns grew over demand in China. Having reduced the amount of reserves that lenders must hold just two months ago, China's central bank could soon do it again to support a slowing economy. Growth in China's manufacturing sector unexpectedly picked up to a four-month high in December as factories cranked up production.

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