EPIC RESEARCH MCX NICKEL UPDATE OF 22 JUNE 2018

Nickel trading range for the day is 1001.7-1035.9. Nickel prices gained as sentiment improved as inventories shrank and demand from downstream stainless steel plants grew. A government panel cleared 23 of 27 Philippine mines that were reviewed for compliance with state regulation. The global nickel market deficit narrowed to 13,100 tonnes in April from a revised deficit of 16,600 tonnes in the previous month, the International Nickel Study Group said.

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