EPIC RESEARCH MCX NICKEL UPDATE OF 25 JUNE 2018

Nickel trading range for the day is 1013.1-1052.9. Nickel prices gained due to declining inventory and falling domestic nickel pig iron output on environmental cuts. As environmental restrictions continue, high-grade nickel pig iron output of 5,108 mt in metal content was expected to be affected for the week ended June 15. China's steel demand is expected to remain steady in the second half of 2018 but warned the market will face an increasing risk of oversupply as new capacity is added.

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